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DO, UPU, WCL, WHO, WTO _#_Diplomatic representation: Ambassador Denneth MODESTE; Chancery at 1701 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 _#_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 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 5.6% during the period 1986-90, unemployment remains high at about 25%. _#_GDP: $200.7 million, per capita $2,390 (1989); real growth rate 5.4% (1990) _#_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: $27.9 million (f.o.b., 1989 est.); commodities--nutmeg 36%, cocoa beans 9%, bananas 14%, mace 8%, textiles 5; partners--US 12%, UK, FRG, Netherlands, Trinidad and Tobago (1989) _#_Imports: $115.6 million (c.i.f., 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: 12,500 kW capacity; 26 million kWh produced, 310
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