Grenada : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

December 15, 1997

Electronic Access:

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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.

Series:

Country Report No. 97/117

English

Publication Date:

December 15, 1997

ISBN/ISSN:

9781451816365/1934-7685

Stock No:

1GRDEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

78

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