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
Grenada Economy
Economy - overview: In this island economy progress in fiscal reforms and prudent macroeconomic management have kept annual growth steady since 1998. The increase in economic activity has been led by construction and trade. Tourist facilities are being expanded; tourism is the leading foreign exchange earner. Major short-term concerns are the rising fiscal deficit and the deterioration in the external account balance. Grenada shares a common central bank and a common currency with seven other members of the Organization of Eastern Caribbean States (OECS).
GDP: purchasing power parity - $394 million (2000 est.)
GDP - real growth rate: 7% (2000 est.)
GDP - per capita: purchasing power parity - $4,400 (2000 est.)
GDP - composition by sector: agriculture: 9.7%
industry: 15%
services: 75.3% (1996 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 2.5% (2000 est.)
Labor force: 42,300 (1996)
Labor force - by occupation: services 62%, agriculture 24%, industry 14% (1999 est.)
Unemployment rate: 15% (1997)
Budget: revenues: $85.8 million
expenditures: $102.1 million, including capital expenditures of $28 million (1997)
Industries: food and beverages, textiles, light assembly operations, tourism, construction
Industrial production growth rate: 0.7% (1997 est.)
Electricity - production: 120 million kWh (1999)
Electricity - production by source: fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1999)
Electricity - consumption: 111.6 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables
Exports: $62.3 million (2000 est.)
Exports - commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace
Exports - partners: Caricom 32.3%, UK 20%, US 13%, Netherlands 8.8% (1991)
Imports: $217.5 million (2000 est.)
Imports - commodities: food, manufactured goods, machinery, chemicals, fuel (1989)
Imports - partners: US 31.2%, Caricom 23.6%, UK 13.8%, Japan 7.1% (1991)
Debt - external: $182.8 million (1998)
Economic aid - recipient: $8.3 million (1995)
Currency: East Caribbean dollar (XCD)
Currency code: XCD
Exchange rates: East Caribbean dollars per US dollar - 2.7000 (fixed rate since 1976)
Fiscal year: calendar year
Grenada Communications
Telephones - main lines in use: 27,000 (1997)
Telephones - mobile cellular: 976 (1997)
Telephone system: general assessment: 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 2, FM 1, shortwave 0 (1998)
Radios: 57,000 (1997)
Television broadcast stations: 2 (1997)
Televisions: 33,000 (1997)
Internet country code: .gd
Internet Service Providers (ISPs): 14 (2000)
Internet users: 2,000 (2000)
Grenada Transportation
Railways: 0 km
Highways: total: 1,040 km
paved: 638 km
unpaved: 402 km (1996)
Waterways: none
Ports and harbors: Grenville, Saint George's
Merchant marine: none (2000 est.)
Airports: 3 (2000 est.)
Airports - with paved runways: total: 3
2,438 to 3,047 m: 1
1,524 to 2,437 m: 1
under 914 m: 1 (2000 est.)
Grenada Military
Military branches: Royal Grenada Police Force (includes Special
Service Unit), Coast Guard
Military expenditures - dollar figure: $NA
Military expenditures - percent of GDP: NA%
Grenada Transnational Issues
Disputes - international: none
Illicit drugs: small-scale cannabis cultivation; lesser transshipment point for marijuana and cocaine to US
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@Guadeloupe
Guadeloupe Introduction
Background: Guadeloupe
