107818
English (official), French patois
SAINT GEORGE'S (capital) 38,000 (2014)
- Conventional long form
- none
- Conventional short form
- Grenada
- Local long form
- Local short form
parliamentary democracy (Parliament); a Commonwealth realm
- Name
- St. George's
- Geographic coordinates
- 12 03 N, 61 45 W
- Time difference
- UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
Grenada relies on tourism as its main source of foreign exchange especially since the construction of an international airport in 1985. Strong performance in construction and manufacturing, together with the development of tourism and higher education - especially in medicine - contributed to growth in national output; however, economic growth remained stagnant in the 2010-14 period, after a sizable contraction in 2009, because of the global economic slowdown's effects on tourism and remittances. Gross national saving – and wealth – has been declining since 2010.
- Inflation
- -0.622%
- External debt stocks
- US$ 685,793,000
- Total tax rate (% of commercial profits)
- 45.3%
- Real Interest Rate
- 7.171%
- Manufacturing, value added (% of GDP)
- 4.309%
- Current Account Balance
- US$ -212,831,042
- Labor Force, Total
- Employment in Agriculture
- 13.78%
- Employment in Industry
- 23.87%
- Employment in Services
- 58.55%
- Unemployment Rate
- 10.20%
- Imports of goods and services
- US$ 425,294,141
- Exports of goods and services
- US$ 240,909,700
- Total Merchandise Trade
- 37.79%
- FDI, net inflows
- US$ 60,673,333
- Commercial Service Exports
- US$ 160,699,526
bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables
food and beverages, textiles, light assembly operations, tourism, construction
- Commodities
- nutmeg, bananas, cocoa, fruit and vegetables, clothing, mace
- Partners
- Nigeria 44.7%, St. Lucia 10.8%, Antigua and Barbuda 7.3%, St. Kitts and Nevis 6.6%, Dominica 6.6%, US 5.8% (2015)
- Commodities
- food, manufactured goods, machinery, chemicals, fuel
- Partners
- Trinidad and Tobago 49.7%, US 16.4% (2015)