(mailing address is P. O. Box 54, Saint George's);
telephone p440o 1731 or 1734

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

- Economy
Overview: The economy is essentially agricultural and centers on the
traditional production of spices and tropical plants. Agriculture accounts for
about 20% of GDP and 90% 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 with a more favorable private
investment climate since 1983, it is expected to grow. Despite an
impressive average annual growth rate for the economy of 5.5% during
the period 1984-88, unemployment remains high at about 26%.

GDP: $129.7 million, per capita $1,535; real growth rate 5% (1988)

Inflation rate (consumer prices): 5.0% (1989 est.)

Unemployment rate: 26% (1988)

Budget: revenues $74.2 million; expenditures $82.3 million, including
capital expenditures of $27.8 million (1989 est.)

Exports: $31.8 million (f.o.b., 1988 est.);
commodities--nutmeg 35%, cocoa beans 15%, bananas 13%, mace 7%, textiles;
partners--US 4%, UK, FRG, Netherlands, Trinidad and Tobago

Imports: $92.6 million (c.i.f., 1988 est.);
commodities--machinery 24%, food 22%, manufactured goods 19%,
petroleum 8%;
partners--US 32%, UK, Trinidad and Tobago, Japan, Canada

External debt: $108 million (1989 est.)

Industrial production: growth rate 5.8% (1989 est.)

Electricity: 11,400 kW capacity; 24 million kWh produced,
280 kWh per capita (1989)

Industries: food and beverage, textile, light assembly operations,
tourism, construction

Agriculture: accounts for 20% of GDP and 90% of exports; bananas, cocoa,
nutmeg, and mace account for two-thirds of total crop production;
world's second-largest producer and fourth-largest exporter of nutmeg
and mace; small-size farms predominate, growing a variety of citrus
fruits, avocados, root crops, sugarcane, corn, and ve