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ECON FACTBOOK

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Economy of Grenada

Population: 106 thousand in 20131

GDP: $834 million in 20132

GDP per capita: $7,891 nominal3 ($11,498 PPP4) in 2013

GDP growth rate: 2.4% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities36854.2%
Transport, storage and communication8813.0%
Wholesale, retail trade, restaurants and hotels8212.1%
Construction497.2%
Agriculture, hunting, forestry, fishing355.1%
Mining and utilities324.7%
Manufacturing253.7%
Total value added679100%

Employment

Unemployment rate: N/A7

Employment by Industry 20088

Employment sectorPercent of total
Services69%
Industry20%
Agriculture11%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $1 billion (120% of GDP) in 201410

Household Wealth per Adult: $15,127 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $163 million (10% of GDP) in 201311

Central Government Expenditure: $196 million (24% of GDP) in 201311

Central Government Budget Balance: -$33 million (-14% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 12

Corporate Tax Rate: 30% in 201313

* Individual thresholds calculated using the exchange rate 2.70 XCD = 1 USD

Monetary Policy

Money Supply (M1, Organization of Eastern Caribbean States): $1.13 billion in Oct 2014* 14

Benchmark Interest Rate (Organization of Eastern Caribbean States): N/A

Total Reserves: $150 million (18% of GDP) in 201315

Exchange Rate: 2.70 East Carribean Dollars = 1 U.S. Dollar on Feb 24, 201516

Inflation: 0.0% in 201317

* Money supply calculated using the exchange rate 2.70 XCD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201318

N/A (data not available at Relbanks.com)

International Accounts

Exports: $41 million (5% of GDP) in 201319

Imports: $297 million (35% of GDP) in 201319

Trade Balance: -$256 million (30% of GDP) in 201319

Foreign Direct Investment Inflow: $75 million (9% of GDP) in 201320

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $8 million (1% of GDP) in 201221

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: PKF Tax Guide (Individual tax rates) Go back
13. Source: PKF Tax Guide (Corporate tax rate) Go back
14. Source: Eastern Caribbean Central Bank, Statistics, Central Bank Survey (Money supply) Go back
15. Source: World Bank Indicators (Total reserves) Go back
16. Source: xe.com (Exchange rate) Go back
17. Source: World Bank Indicators (Inflation rate) Go back
18. Source: Relbanks.com (Financial institutions by assets) Go back
19. Source: CIA World Factbook (Trade data) Go back
20. Source: World Bank Indicators (FDI data) Go back
21. Source: World Bank Indicators (Aid data) Go back