Grenada: Recent Economic Developments
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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. 1997/117
Subject:
Agricultural commodities Commercial banks Commodities Economic sectors Exports Financial institutions Imports International trade Public sector
English
Publication Date:
December 15, 1997
ISBN/ISSN:
9781451816365/1934-7685
Stock No:
1GRDEA0011997
Pages:
78
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