Click here to go back to Basic Facts

grenada.jpg (4992 bytes)

grenadaFlag.gif (7263 bytes)




The economy of Grenada is based primarily on services, namely tourism and education. The country also enjoys a good size agriculture sector, with primary exports being nutmeg and cocoa.

In September 2004, the country's economy halted when Hurricane Ivan struck land. The hurricane left 10,000 people homeless and a huge reconstruction effort. As a result, there has been a growth in the construction sector, which benefited many urban Grenadians. Agricultural workers, on the other hand, have been severely hurt by the hurricane.

Grenada is a member of the Eastern Caribbean Currency Union (ECCU), thereby adopting a common currency with other ECCU members. The country is also a member of the Caribbean Community and Common Market (CARICOM), facilitating a common external tariff through inter-regional trade.



Updated: 5 June 2008

menubottom.gif (7627 bytes)