International Trade in Grenada

International Trade in Grenada

Grenada's economy was directly affected by the world economic crisis, which caused difficulties for a number of its financial and insurance institutions, also causing a fall in the number of tourists and the FDI flows. After contracting by 7.7%in 2009, the island's GDP growth return to... Read more

Increase your business in Grenada with Market Reports, Business Tips, Agents & Distributors and Import Export Services.

Exporting/Importing in Grenada?
  • We help you find service providers there!

Market Analyses About Grenada (2)

Import and Export Services in Grenada (14)

  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Grenada

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • BSI-Media Limited (lowtax.net)

    BSI-Media Limited (lowtax.net)

    Tax Services, Grenada

    BSI publishes some of the most respected internet publications in the fields of business, tax, law and investment. We've been...

Business Tips About Grenada (0)

We currently have no business tips posted for Grenada.

Be the first to feature your expertise related to Grenada. Post any content you may have that features your expertise by clicking on the button below.

Post you content

Agents and Distributors in Grenada (1)

  • MIAMI EXPORT PURCHASING CORPORATION

    Distributors, Grenada

    WE PURCHASE GOODS BASED ON OUR CUSTOMERS NEEDS. WE CONSOLIDATE THEIR ORDER AND SHIP OUT ACCORDING TO URGENCY -COURIER, AIR OR OCEAN...

Overview About International Trade in Grenada

Economic Overview

Grenada's economy was directly affected by the world economic crisis, which caused difficulties for a number of its financial and insurance institutions, also causing a fall in the number of tourists and the FDI flows. After contracting by 7.7%in 2009, the island's GDP growth return to positive in 2010, reaching 0.8%. Slow growth is expected for the coming years.

Grenada's economy had to deal with the consequences of hurricane Ivan in September 2004, which devastated 90% of the island (in particular the banana and nutmeg plantations which were annihilated), and then hurricane Emily in July 2005. The country, which was the second nutmeg producer, after Indonesia, is not expected to regain its ranking before 2012. In April 2010, the government has signed an three-year agreement with the IMF, as part of the Extended Credit Facility framework, in order to deal with the difficulties caused by the crises. The priority is fiscal consolidation, the consolidation of the banking system, and reducing poverty.

Poverty affects almost 40% of the island's population, extreme poverty 2.5%. A quarter of the workforce is unemployed and in 2005 almost 70% of the Grenadians emigrated

News Related to International Trade in Grenada