Country Profile
About Grenada
Cultural Profile Grenada’s cultural heritage is largely the result of a mixture of African, East Indian, French and British influences and is seen in the folklore, dialect, music and general way of life Grenadians speak Standard English, Grenadian English and a French African patois. Grenadian dialect also has many French words. Grenada and especially Carriacou is full of folklore. Festivals include Carnival (Grenada’s in August and Carriacou’s in Feb each year), Christmas, Easter and the majority of christian festivals, Rainbow City Festival, St Patrick’s Day Festival, Fisherman’s Day Festival, St Mark’s Day Festival, Carriacou Maroon & String Band Festival, Grenada Sailing Festival, Grenada Billfish Tournament, Carriacou Regatta and Carriacou Sailing Series. Cultural attractions and recreation include, bird watching, deep sea fishing, diving, hiking, mountain biking, swimming, windsurfing, parasailing, tennis, cricket, football, golf, badminton, yachting, cultural shows, theatre, night clubs and bars. Cuisines include Chinese, Italian, French Creole, Indian, German, Austrian, Arab and West Indian. Principal Exports Nutmeg, Cocoa, Mace, Fresh Fruits & Vegetables, Fish, Flour, Wheat Bran, Clothing, Paints & Varnish, Paper Products, Malt, Animal Feed, Beverages. Principal Imports: Food & Live Animals, Beverages & Tobacco, Crude Material, Fuel & Lubricants, Animal & Vegetable, Oils, Chemicals, Machinery, Transport, Equipment and Manufactured Material. Major Trad ing Partners Imports OECS - St. Vincent, Dominica, St. Lucia Other CARICOM - Jamaica, Guyana, Barbados, Bahamas, Trinidad Other Caribbean - Dominican Republic, Curaçao EEC - UK, Germany, Denmark, France, Ireland, Netherlands, Italy The Americas - United States of America Exports EEC - United Kingdom, Germany, France, Netherlands, Italy The Americas - United States of America, Argentina Caribbean - Trinidad & Tobago, St. Lucia. Demographic Profile Total population is estimated at just under 106,000 (2008, est.) and comprises of: Blacks 90% Whites 1% East Indian 3% Other 6% Population (2008 106,000 Population Density 264 per Sq km Population growth rate 0.468% (2008) Adult Literacy Rate (2008) 96% Unemployment Rate 13% Life Expectancy 73.4 years Men 67 Years Women 70 Years Crude Birth Rate (per thousand) 15.1 Crude Death Rate (per thousand) 7.0 Geographic Profile - Location Grenada is located in the southeastern Caribbean (12.7 degrees North Latitude and 61.40 degrees West
Photo: Tony McQuilkin
MACRO ECONOMIC INDICATORS
SERIES 2005 2006 1137.6 74.8 69.5 62.5 217.09 163.41 80.84 188.77 -2.35 1.7 261.93 10,671 N/A 624.59 1,297,109.10 -703,099.60 769,215.80 66,166.20 18,255.90 47,860.30 2007 1323.66 79.85 73.36 82.89 168.65 200.23 78.14 216.37 4.94 3.9 262.9 12 N/A -476.16 1,540,602.40 -828,529.20 929,078.30 100,549.10 49,804.90 50,744.20 2008 1409.32 82.52 65.75 92.81 139.99 187.57 81.04 267.62 2.19 5.2 340.9 13,153 N/A 617.89 1,611.60 -960,954.20 1,035,198.60 74,244.40 15,295.60 58,948.80 2009 1,386.22 91.75 66.87 71.15 74.27 183.66 73.89 270.54 -7.65 -0.3 245.5 *1,266 40% -515.9 1,456.70 -681.90 78.10 760.00 78.10 61.90 Grosss Domestic Product at Factor Cost (EC$ Mil) 1089.59 Agriculture Manufacturing Tourism Construction Transportation Communication Government Services Gross Domestic Product Growth Rate(%) Inflation Foreign Direct Investments(EC$ Mil) Per Capita Income(EC$ Mil)
* Estimated
Major Contributors to GDP(%)
57.83 65.2 45.17 234.19 174.83 76.99 181.51 11.03 5.8 203.11 10,289 18.80% 659.58 1,215,782.90 -827,252.50 901,893.70 74,641.20 16,486.40 58,154.80
Unemployment Rate(EC$ Mil) Current Account Balance(EC$ Mil) External Debt(EC$ Mil) BALANCE OF TRADE(EC$ Mil) TOTAL IMPORTS TOTAL EXPORTS RE-EXPORTS TOTAL RECORDED DOMESTIC EXPORTS
Source: Grenada Central Statistical Office
10
www.businessgrenada.com