onomic conditions have
led to increased civil unrest, including gang violence fueled by the
drug trade. In 2004, the government faced the difficult prospect of
having to achieve fiscal discipline in order to maintain debt
payments while simultaneously attacking a serious and growing crime
problem which is hampering economic growth. Attempts at deficit
control were derailed by Hurricane Ivan in September 2004, which
required substantial government spending to repair the damage.
Despite the hurricane, tourism looks set to enjoy solid growth for
the foreseeable future.
GDP (purchasing power parity):
$11.13 billion (2004 est.)
GDP - real growth rate:
1.9% (2004 est.)
GDP - per capita:
purchasing power parity - $4,100 (2004 est.)
GDP - composition by sector:
agriculture: 6.1%
industry: 32.7%
services: 61.3% (2004 est.)
Labor force:
1.14 million (2004 est.)
Labor force - by occupation:
agriculture 20.1%, industry 16.6%, services 63.4% (2003)
Unemployment rate:
15% (2004 est.)
Population below poverty line:
19.7% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 30.3% (2000)
Distribution of family income - Gini index:
37.9 (2000)
Inflation rate (consumer prices):
12.4% (2004 est.)
Investment (gross fixed):
32% of GDP (2004 est.)
Budget:
revenues: $2.793 billion
expenditures: $3.157 billion, including capital expenditures of $236
million (2004 est.)
Public debt:
146.1% of GDP (2004 est.)
Agriculture - products:
sugarcane, bananas, coffee, citrus, yams, vegetables, poultry,
goats, milk, crustaceans, and mollusks
Industries:
tourism, bauxite/alumina, textiles, agro processing, wearing
apparel, light manufactures, rum, cement, metal, paper, chemical
products, telecommunications
Industrial production growth rate:
-2% (2000 est.)
Electricity - production:
6.289 billion kWh (2002)
Electricity - production by source:
fossil fuel: 96.8%
hydro: 1.8%
nuclear: 0%
other: 1.4% (2001)
Electricity - consumption:
5.849 billion kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
66,000 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Current account balance:
$-830.7 million (2004 est.)
Exports:
$1.679 billion f.o.b. (
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