01 New Hampshire Avenue NW,
Washington, DC 20009; telephone (202) 265-2561; there is a Grenadian
Consulate General in New York
US:
Charge d'Affaires Annette VELER; Embassy at Ross Point Inn, Saint George's
(mailing address is P. O. Box 54, Saint George's); telephone (809) 444-1173
through 1178

:Grenada Government

Flag:
a rectangle divided diagonally into yellow triangles (top and bottom) and
green triangles (hoist side and outer side) with a red border around the
flag; there are seven yellow five-pointed stars with three centered in the
top red border, three centered in the bottom red border, and one on a red
disk superimposed at the center of the flag; there is also a symbolic nutmeg
pod on the hoist-side triangle (Grenada is the world's second-largest
producer of nutmeg, after Indonesia); the seven stars represent the seven
administrative divisions

:Grenada Economy

Overview:
The economy is essentially agricultural and centers on the traditional
production of spices and tropical plants. Agriculture accounts for about 16%
of GDP and 80% of exports and employs 24% of the labor force. Tourism is the
leading foreign exchange earner, followed by agricultural exports.
Manufacturing remains relatively undeveloped, but is expected to grow, given
a more favorable private investment climate since 1983. Despite an
impressive average annual growth rate for the economy of 5.5% during the
period 1986-91, unemployment remains high at about 25%.
GDP:
purchasing power equivalent - $238 million, per capita $2,800 (1989); real
growth rate 5.2% (1990 est.)
Inflation rate (consumer prices):
7.0% (1990)
Unemployment rate:
25% (1990 est.)
Budget:
revenues $54.9 million; expenditures $77.6 million, including capital
expenditures of $16.6 million (1990 est.)
Exports:
$26.0 million (f.o.b., 1990 est.)
commodities:
nutmeg 36%, cocoa beans 9%, bananas 14%, mace 8%, textiles 5%
partners:
US 12%, UK, FRG, Netherlands, Trinidad and Tobago (1989)
Imports:
$105.0 million (f.o.b., 1989 est.)
commodities:
food 25%, manufactured goods 22%, machinery 20%, chemicals 10%, fuel 6%
(1989)
partners:
US 29%, UK, Trinidad and Tobago, Japan, Canada (1989)
External debt:
$90 million (1990 est.)
Industrial production:
growth rate 5.8% (1989 est.); accounts for 6% of GDP
Electricity:
1