Grenada

Region: Caribbean

Capital: Saint George’s

Population: 104,900 (UNDP 2011)

Surface area: 344 sq km

Currency: East Caribbean dollar (XCD)

GDP per capita: Purchasing power parity US $13,300 (2011 CIA est.)

Background:
Carib Indians inhabited Grenada when Columbus discovered the island in 1498, but it remained uncolonized for more than a century. The French settled Grenada in the 17th century, established sugar estates, and imported large numbers of African slaves. Britain took the island in 1762 and vigorously expanded sugar production. In the 19th century, cacao eventually surpassed sugar as the main export crop; in the 20th century, nutmeg became the leading export. In 1967, Britain gave Grenada autonomy over its internal affairs. Full independence was attained in 1974, making Grenada one of the smallest independent countries in the Western Hemisphere. Grenada was seized by a Marxist military council on 19 October 1983. Six days later the island was invaded by US forces and those of six other Caribbean nations, which quickly captured the ringleaders and their hundreds of Cuban advisers. Free elections were reinstituted the following year and have continued since that time. Hurricane Ivan struck Grenada in September of 2004 causing severe damage.

Economy – Overview:
Grenada relies on tourism as its main source of foreign exchange especially since the construction of an international airport in 1985. Hurricanes Ivan (2004) and Emily (2005) severely damaged the agricultural sector – particularly nutmeg and cocoa cultivation – which had been a key driver of economic growth. Grenada has rebounded from the devastating effects of the hurricanes but is now saddled with the debt burden from the rebuilding process. Public debt-to-GDP is nearly 110%, leaving the THOMAS administration limited room to engage in public investments and social spending. Strong performances in construction and manufacturing, together with the development of tourism and an offshore financial industry, have also contributed to growth in national output; however, economic growth remained stagnant in 2010-11 after a sizeable contraction in 2009, because of the global economic slowdown’s effects on tourism and remittances. (CIA, 2012)

Major Export Commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace

Remittances: US $57 million USD (World Bank 2011 est.)

Human Development Index 2011: 67 out of 187 countries (UNDP 2011)

Official Development Assistance and Major Development Partners: Net ODA in 2006 was US $3.38 million. Major development partners include the Caribbean Development Bank, the European Community and the United Kingdom.

Total External DebtUS $531 million (2009) CIA

Life Expectancy at Birth: 76.0 years (UNDP 2011)

Environmental Indicators:

                                              Endangered Species (as a % of all species: 10

                                              Forested Area (percentage of land area: 50.0

                                              CO2 Emissions(tonnes per capita): 2.4

                                              (Data Source: UNDP 2011)

United Nations membership date: 17 September 1974

New York Mission:
Permanent Mission of Grenada to the United Nations

800 Second Avenue,Suite 400K

New York, N.Y.10017USA

Telephone: 212-599-0301, 0302

Fax: 212-599-1540

Website: http://www.un.int/grenada

Sources:

CIA World Factbook. Central Intelligence Agency. www.cia.gov

World Development Indicators. World Bank www.worldbank.org

Development, Recipient Aid Charts. Organization for Economic Co-operation and Development. www.oecd.org

Human Development Report 2011.United Nations Development Programme. www.undp.org

 

Updated July 2012