Economy of Grenada

Imports

Imports commoditiesfood, manufactured goods, machinery, chemicals, fuel

Import partnersTrinidad and Tobago 44.3%, US 16.4%, China 4.6% (2012)

Exports

Exports commoditiesnutmeg, bananas, cocoa, fruit and vegetables, clothing, mace

Export partnersNigeria 40.2%, St. Lucia 10.7%, Antigua and Barbuda 7.3%, US 6.6%, St. Kitts and Nevis 6.5%, Dominica 6.5%, Switzerland 4.3% (2012)

Economy sectors

Agriculture productsbananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables

Industrial productsfood and beverages, textiles, light assembly operations, tourism, construction

Economy

GDP - Official Exchange Rate811 Million $ (2013)779 Million $ (2012)779 Million $ (2011)

GDP growth rate0.80 % (2013)-0.80 % (2012)0.40 % (2011)

GDP per Capita (PPP)13,800 $ (2013)13,500 $ (2012)14,000 $ (2011)

GDP - Purchasing Power Parity1.46 Billion $ (2013)1.43 Billion $ (2012)1.46 Billion $ (2011)

GDP PPP per land area4.24 Million $ per square kilometer (2013)4.15 Million $ per square kilometer (2012)4.25 Million $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate6.50 % (2009)6.50 % (2008)6.50 % (2007)

Commercial bank prime lending rate9.40 % (2013)9.75 % (2012)10.7 % (2011)

GDP decomposition by sector

Agriculture % of GDP5.60 % (2013)5.60 % (2012)

Industry % of GDP15.8 % (2013)16.4 % (2012)

Services % of GDP78.5 % (2013)78.1 % (2012)

Tourism

International tourism, number of arrivals116 Thousand (2012)118 Thousand (2011)110 Thousand (2010)

Debt, Current Account Balance and Budget Deficit

Current Account Balance (Percentage of GDP)-26.75 % of GDP (2012)-26.27 % of GDP (2011)-26.27 % of GDP (2010)

External Debt Stocks (Percentage of GNI)78.6 % of GNI (2012)75.7 % of GNI (2011)79.2 % of GNI (2010)

Short-term debt (percentage of total external debt)9.35 % of total external debt (2012)5.97 % of total external debt (2011)6.67 % of total external debt (2010)

Current Account Balance (Total)-214.40 Million $ (2012)-217.20 Million $ (2011)-221.00 Million $ (2010)

External Debt (Total)679 Million $ (2013)591 Million $ (2012)567 Million $ (2011)

External Debt (Percentage of GDP)83.7 % of GDP (2013)75.8 % of GDP (2012)72.8 % of GDP (2011)

External Debt per Capita6,196 $ (2013)5,418 $ (2012)5,229 $ (2011)