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,
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