Grenada
embassy: Lance-aux-Epines Stretch, Saint George's
mailing address: P. O. Box 54, Saint George's, Grenada, West Indies
telephone: [1] (473) 444-1173 through 1176
FAX: [1] (473) 444-4820

Flag description:
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

Economy Grenada

Economy - overview:
Grenada relies on tourism as its main source of foreign exchange,
especially since the construction of an international airport in
1985. Strong performances in construction and manufacturing,
together with the development of an offshore financial industry,
have also contributed to growth in national output.

GDP:
purchasing power parity - $440 million (2002 est.)

GDP - real growth rate:
2.5% (2002 est.)

GDP - per capita:
purchasing power parity - $5,000 (2002 est.)

GDP - composition by sector:
agriculture: 7.7%
industry: 23.9%
services: 68.4% (2000)

Population below poverty line:
32% (2000)

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2.8% (2001 est.)

Labor force:
42,300 (1996)

Labor force - by occupation:
agriculture 24%, industry 14%, services 62% (1999 est.)

Unemployment rate:
12.5% (2000)

Budget:
revenues: $85.8 million
expenditures: $102.1 million, including capital expenditures of $28
million (1997)

Agriculture - products:
bananas, cocoa, nutmeg, mace, citrus, avocados, root crops,
sugarcane, corn, vegetables

Industries:
food and beverages, textiles, light assembly operations, tourism,
construction

Industrial production growth rate:
0.7% (1997 est.)

Electricity - production:
138 million kWh (2001)

Electricity - consumption:
128.3 million kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
1,000 bbl/day (2001 est.)