Grenada


Grenada Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Grenada; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankN/A
International ReservesUS$ 119.155 million (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 728 million (2009 estimate)
GDP (Purchasing Power Parity)1.12 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
7%-3%1.6%7.1%-5.7%11%-2.3%4.9%
2008200920102011*
2.2%-7.6%-1.4%1%

*Estimate

GDP per capita - current pricesUS$ 7,066 (2008 estimate)
GDP per capita - PPP$10,878 International Dollars (2008 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0%0%0%0%0%

**Forecast

GDP - composition by sector
  • agriculture: 5.4% 
  • industry: 18% 
  • services: 76.6% (2003)

    • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
8%(2008)-0.3%5%5.8%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
111%102.2%115%114.6%110.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-7.9%-5.1%-6.6%-2.9%-1.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B-/Stable/C

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in GrenadaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.2 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-25.3% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

27.2% (2008)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsN/A
Export commoditiesbananas, cocoa, nutmeg, fruit and vegetables, clothing, mace
Total importsUS$343 million (2006)
Import commoditiesfood, manufactured goods, machinery, chemicals, fuel
Exports - major partnersJamaica 92.8%, Saint Lucia 1.3%, US 1.2% (2007)
Imports - major partnersTrinidad and Tobago 36.5%, US 23.3%, Italy 4.1% (2007)
FDI inflows
200820092010
US$142 millionUS$103 million(2009)US$89 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 92 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 49 out of 183 countries(2009)

Registering property: 145 out of 183 countries

Paying Taxes: 79 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 57 out of 183 countries

Enforcing Contracts: 161 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-4
Total area 344 km2 (2006)
CapitalSaint George's (2009)
CurrencyDanish kroner (DKK) (2009)
Government typeparliamentary democracy and a Commonwealth realm (2009)
LanguagesEnglish (official), French patois
ReligionsRoman Catholic 53%, Anglican 13.8%, other Protestant 33.2%
Total population
1980199020002010*2015**
0.09 million0.1 million0.1 million0.1 million0.1 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
30.3%32.9%31%30.9%
Population median age23.0 years (2006)
Population growth rate0.4% (2009)
Life expectancy69 years (2007)
Adult literacyN/A
% of population living on less than $2 a dayN/A
Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

143.86% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population33.46% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

2.3759 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE