Grenada : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 20, 1995

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.

Series:

Country Report No. 95/56

Subject:

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.

English

Publication Date:

July 20, 1995

ISBN/ISSN:

9781451816341/1934-7685

Stock No:

1GRDEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

99

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