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Independence:

7 February 1974 (from UK)

National holiday:

Independence Day, 7 February (1974)

Constitution:

19 December 1973

Legal system:

based on English common law; has not accepted compulsory ICJ jurisdiction

Suffrage:

18 years of age; universal

Executive branch:

chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor General Carlyle Arnold GLEAN (since 27 November 2008) head of government: Prime Minister Tillman THOMAS (since 9 July 2008) cabinet: Cabinet appointed by the governor general on the advice of the prime minister elections: the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general

Legislative branch:

bicameral Parliament consists of the Senate (13 seats, 10 appointed by the government and 3 by the leader of the opposition) and the House of Representatives (15 seats; members are elected by popular vote to serve five-year terms) elections: last held on 8 July 2008 (next to be held in 2013) election results: House of Representatives - percent of vote by party - NA; seats by party - NDC 11, NNP 4

Judicial branch:

Eastern Caribbean Supreme Court, consisting of a court of Appeal and a High Court of Justice (a High Court judge is assigned to and resides in Grenada)

Political parties and leaders:

Grenada United Labor Party or GULP [Gloria Payne BANFIELD]; National

Democratic Congress or NDC [Tillman THOMAS]; New National Party or

NNP [Keith MITCHELL]

Political pressure groups and leaders:

Committee for Human Rights in Grenada or CHRG; New Jewel Movement Support Group; The British Grenada Friendship Society; The New Jewel 19 Committee

International organization participation:

ACP, C, Caricom, CDB, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC,

IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, ITUC, MIGA, NAM, OAS,

OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO,

WTO

Diplomatic representation in the US:

chief of mission: Ambassador Denis G. ANTOINE chancery: 1701 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 265–2561 FAX: [1] (202) 265–2468 consulate(s) general: New York

Diplomatic representation from the US:

chief of mission: the US Ambassador to Barbados is accredited to Grenada embassy: Lance-aux-Epines Stretch, Saint George's mailing address: P. O. Box 54, Saint George's telephone: [1] (473) 444–1173 through 1177 FAX: [1] (473) 444–4820

Flag description:

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

Economy

Grenada

Economy - overview:

Grenada relies on tourism as its main source of foreign exchange, especially since the construction of an international airport in 1985. Strong performances in construction and manufacturing, together with the development of an offshore financial industry, have also contributed to growth in national output. Grenada has rebounded from the devastating effects of Hurricanes Ivan (2004) and Emily (2005), but is now saddled with the debt burden from the rebuilding process. The agricultural sector, particularly nutmeg and cocoa cultivation, has gradually recovered, and the tourism sector has seen substantial increases in foreign direct investment as the regional share of the tourism market increases.

GDP (purchasing power parity):

$1.108 billion (2007 est.)

GDP (official exchange rate):

$590 million (2007 est.)

GDP - real growth rate:

3.1% (2007 est.)

GDP - per capita (PPP):

$10,500 (2007 est.)

GDP - composition by sector:

agriculture: 5.4% industry: 18% services: 76.6% (2003)

Labor force:

42,300 (1996)

Labor force - by occupation:

agriculture: 24% industry: 14% services: 62% (1999 est.)

Unemployment rate:

12.5% (2000)

Population below poverty line:

32% (2000)

Household income or consumption by percentage share:

lowest 10%: NA% highest 10%: NA%

Budget:

revenues: $85.8 million expenditures: $102.1 million (1997)

Fiscal year:

calendar year

Inflation rate (consumer prices):

3.7% (2007 est.)

Central bank discount rate:

6.5% (31 December 2007)

Commercial bank prime lending rate:

9.76% (31 December 2007)

Stock of money:

$151.2 million (31 December 2007)

Stock of quasi money:

$533.4 million (31 December 2007)

Stock of domestic credit:

$575.8 million (31 December 2007)

Agriculture - products:

bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables

Industries:

food and beverages, textiles, light assembly operations, tourism, construction

Industrial production growth rate:

0.7% (1997 est.)

Electricity - production:

167.2 million kWh (2006 est.)

Electricity - consumption:

144.2 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

2,043 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2005)

Oil - imports:

1,844 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

0 cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

0 cu m (1 January 2006 est.)

Current account balance:

-$138 million (2007 est.)

Exports:

$38 million (2006)

Exports - commodities:

bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace

Exports - partners:

Jamaica 92.8%, Saint Lucia 1.3%, US 1.2% (2007)

Imports:

$343 million (2006)

Imports - commodities:

food, manufactured goods, machinery, chemicals, fuel

Imports - partners:

Trinidad and Tobago 36.5%, US 23.3%, Italy 4.1% (2007)

Economic aid - recipient:

$44.87 million (2005)

Debt - external:

$347 million (2004)

Market value of publicly traded shares:

The 2008 CIA World Factbook

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