Grenada: Recent Economic Developments

December 15, 1997

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Grenada: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed December 12, 2024

Summary

This paper reports economic developments in Grenada during the 1990s. Following a strong expansion over 1987–91, real GDP grew at a slower pace in 1992 and declined in 1993, largely reflecting the adoption of adjustment measures and a severe drought. Growth resumed in 1994 owing to stronger tourism and manufacturing activity, the installation of new electricity-generating capacity, and increased output by the water company. In 1995, real GDP continued to expand at an annual rate of about 3 percent, mainly because of a recovery in agricultural output induced by higher export prices.

Subject: Agricultural commodities, Commercial banks, Commodities, Economic sectors, Exports, Financial institutions, Imports, International trade, Public sector

Keywords: Agricultural commodities, Caribbean, Commercial banks, Common currency, CR, Dollar, E.C. dollar, ECCB charter, ECCB credit, ECCB member, ECCB operations, Exports, Grenada, Imports, ISCR, Market, Price, Public sector, Rate, Time deposit, Tourism receipt

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/117
Stock No:

1GRDEA0011997
ISBN:

9781451816365
ISSN:

1934-7685

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