ll, as did
manufacturing. Construction boomed in 1996 due to concessions for low
and middle income mortgages. The government introduced a 5% tax on
electricity and telephones and doubled the general consumption tax,
which caused a small rise in the inflation rate. The tourist industry
faces stiff competition over the next few years.

GDP: purchasing power parity - $300 million (1996 est.)

GDP - real growth rate: 3% (1996 est.)

GDP - per capita: purchasing power parity - $3,160 (1996 est.)

GDP - composition by sector:
agriculture: 10.2%
industry: 40.3%
services: 49.5% (1994 est.)

Inflation rate - consumer price index: 2.6% (1996 est.)

Labor force:
total: 36,000
by occupation: services 31%, agriculture 24%, construction 8%,
manufacturing 5%, other 32% (1985)

Unemployment rate: 20% (1 October 1996)

Budget:
revenues : $75.7 million (1996 est.)
expenditures: $126.7 million, including capital expenditures of $51
million (1996 est.)

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

Industrial production growth rate: 1.8% (1992 est.)

Electricity - capacity: 17,300 kW (1995)

Electricity - production: 88 million kWh (1995)

Electricity - consumption per capita: 794 kWh (1995 est.)

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

Exports:
total value: $24 million (f.o.b., 1996 est.)
commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing,
mace
partners : Caricom 32.3%, UK 20%, US 13%, Netherlands 8.8% (1991)

Imports:
total value: $128 million (f.o.b., 1996 est.)
commodities: food 25%, manufactured goods 22%, machinery 20%,
chemicals 10%, fuel 6% (1989)
partners: US 31.2%, Caricom 23.6%, UK 13.8%, Japan 7.1% (1991)

Debt - external: $97 million (1996 est.)

Economic aid:
recipient: ODA, $NA

Currency: 1 EC dollar (EC$) = 100 cents

Exchange rates: East Caribbean dollars (EC$) per US$1 - 2.70 (fixed
rate since 1976)

Fiscal year: calendar year

@Grenada:Communications

Telephones: 5,650 (1988 est.)

Telephone system: automatic, islandwide telephone system
domestic: interisland VHF and UHF radiotelephone links
international: new SHF radiotelephone links to Trinidad and Tobago and
Saint Vincent; VHF and UHF radio links to Trinidad

Radio broadcast stations: AM 1, FM 0, shortwave 0

Radios: 80,000 (1993 est.)

Television broadcast stations: 1 (1988 est.)

Telev