WTO Report - The Future of Trade: The Challenges of Convergence
Grenada -Trade Profile UWI's Shridath Ramphal Centre
1. Population: 104,000
GRENADA Area: 344 sq km (133 sq miles)
MAIN ECONOMIC INDICATORS
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
GDP ($US, billions) 0.43 0.42 0.44 0.48 0.47 0.55 0.56 0.61 0.68 0.62 0.65
GDP (% change) 7.0 -3.0 1.6 7.1 -5.7 11.0 -2.3 4.9 2.2 -7.7 0.8
GDP per capita ($US) 4,253 4,181 4,287 4,708 4,601 5,377 5,480 5,926 6,587 5,969 6,264
Current account balance ($US, billions) -0.08 -0.08 -0.12 -0.12 -0.04 -0.17 -0.19 -0.26 -0.26 -0.16 -0.16
Current account balance (% of GDP) -17.7 -19.7 -26.6 -25.3 -9.0 -31.3 -33.2 -43.2 -38.7 -25.7 -25.0
Inflation (% change) 2.1 1.7 1.1 2.2 2.3 3.5 4.2 3.9 8.0 -0.3 3.6
Unemployment+ (%) - - - - - - - - - - -
GDP (% change) Inflation (% change) GDP Current account balance
12.0 0.70
10.0
8.0 0.50
6.0
$US Billions
4.0 0.30
% 2.0
0.0 0.10
-2.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
-4.0 -0.10 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
-6.0
-8.0 -0.30
Source: IMF World Economic Outlook April 2010
+
Source: The World Bank - http://databank.worldbank.org
*Numbers in italics represent estimates
2. Population: 104,000
GRENADA Area: 344 sq km (133 sq miles)
MAIN TRADE INDICATORS – GOODS
2004 2005 2006 2007 2008
Trade Balance ($US thousands) -218,908 -306,389 -273,537 -331,714 -265,809
Total Exported Value ($US thousands) 31,574 27,645 25,371 33,411 37,685
Total Imported Value ($US thousands) 250,482 334,034 298,908 365,125 303,494
Top 10 Markets by % of Total Exported Value (2007) Top 10 Markets by % of Total Imported Value (2007)
Japan 19% United States of America 36%
United States of America 17% Trinidad and Tobago 28%
France 14% Japan 5%
Saint Lucia 8% United Kingdom 4%
Dominica 7% China 3%
Barbados 5% Canada 2%
Netherlands 5% Venezuela 2%
Saint Kitts and Nevis 5% Brazil 2%
Trinidad and Tobago 4% Netherlands 2%
St Vincent & the Grenadines 3% Barbados 2%
Paper & Top 5 Exports by % of Total Exported Value (2008) Top 5 Imports by % of Total Imported Value (2008)
paperboard,
articles of pulp, Milling
Cereals, 5%
6% products, malt,
Ships, boats starches, wheat
and other gluten, 7% Vehicles other
floating Mineral fuels, than railway,
structures, 29% oils, distillation tramway, 5%
Coffee, tea, products, 20%
Fish, Nuclear
mate and
crustaceans, reactors,
spices, 14%
molluscs, boilers,
aquatic Electrical, machinery, 6%
invertebrates, electronic
16% equipment, 8%
Source: International Trade Centre – www.trademap.org
3. Population: 104,000
GRENADA Area: 344 sq km (133 sq miles)
MAIN TRADE INDICATORS – SERVICES
2004 2005 2006 2007 2008
Trade Balance ($US thousands) 68,470 19,610 28,840 36,560 35,659
Total Exported Value ($US thousands) 160,220 116,000 130,010 147,440 149,036
Total Imported Value ($US thousands) 91,750 96,390 101,170 110,880 113,377
Top Exports by % of Total Exported Value (2008) Top Imports by % of Total Imported Value (2008)
Travel 70% Transportation 48%
Insurance services 13%
Transportation 9%
Other business services 11%
Communications services 9%
Travel 10%
Other business services 7% Government services 6%
Construction services 5%
Insurance services 4%
Communications services 3%
Government services 1%
Royalties and license fees 3%
Royalties and license fees 0.001% Computer & information services 0.01%
Source: International Trade Centre – www.trademap.org