IMF Staff Country Reports

Grenada: Recent Economic Developments

July 20, 1995

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Grenada: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 29, 2024

Summary

This paper describes economic developments in Grenada during the 1990s. The weak growth performance since 1990 reflected largely a continuous contraction in agricultural output, which declined each year from 1989 to 1993. The construction industry experienced a major contraction in 1992 owing to the sharp fall in public investment. In 1993, output declined in the mining and quarrying, construction, and manufacturing sectors as well as in agriculture. In contrast, the hotel and restaurant sector has exhibited strong growth since the late 1980s, with real value added growing by 13.8 percent, on average, each year since 1989.

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

Keywords: Agricultural commodities, Balance of payments, Capital expenditure, Caribbean, Commercial banks, CR, Exchange rate, Factor payment, Financial support, Imports, ISCR, Net borrowing, Net change, Net credit, Net factor payment, Net investment income, Net loan, Net nonbank financing, Private sector, Public sector, Real value, Terms of trade, U.S. dollar, Unclassified asset

Publication Details

  • Pages:

    99

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/056

  • Stock No:

    1GRDEA0011995

  • ISBN:

    9781451816341

  • ISSN:

    1934-7685

Notes

This report on recent economic developments in Grenada was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.