US diplomatic representation: chief of mission: (vacant); Charge d'Affaires Ollie P. ANDERSON, Jr. embassy: Point Salines, Saint George's mailing address: P. O. Box 54, Saint George's, Grenada, W.I. telephone: [1] (809) 444-1173 through 1178 FAX: [1] (809) 444-4820
Flag: a rectangle divided diagonally into yellow triangles (top and bottom) and green triangles (hoist side and outer side) with a red border around the flag; there are seven yellow five-pointed stars with three centered in the top red border, three centered in the bottom red border, and one on a red disk superimposed at the center of the flag; there is also a symbolic nutmeg pod on the hoist-side triangle (Grenada is the world's second-largest producer of nutmeg, after Indonesia); the seven stars represent the seven administrative divisions
@Grenada:Economy
Overview: The economy is essentially agricultural and centers on the traditional production of spices and tropical plants. Agriculture accounts for about 15% of GDP and 80% of exports and employs 24% of the labor force. Tourism is the leading foreign exchange earner, followed by agricultural exports. Manufacturing remains relatively undeveloped, but is expected to grow, given a more favorable private investment climate since 1983. The economy achieved an impressive average annual growth rate of 5.5% in 1986-91 but has stalled since 1992. Unemployment remains high at about 25%.
National product: GDP - purchasing power parity - $258 million (1993 est.)
National product real growth rate: 0.5% (1993 est.)
National product per capita: $2,750 (1993 est.)
Inflation rate (consumer prices): 2.6% (1993 est.)
Unemployment rate: 25% (1994 est.)
Budget:
revenues: $82.2 million (1993 est.)
expenditures: $74.3 million, including capital expenditures of $11.8
million (1993 est.)