Key Facts

GDP (ppp) per CAPITA

$12,900 (2008 est.)

Inflation Rate

3.7% (2007 est.)

Population

90,739 (July 2009 est.)

Ease of Doing Business

84/181

Country Map

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Grenada : Introduction

Carib Indians inhabited Grenada when Columbus discovered the island in 1498, but it remained uncolonized for more than a century. The French settled Grenada in the 17th century, established sugar estates, and imported large numbers of African slaves. Britain took the island in 1762 and vigorously expanded sugar production. In the 19th century, cacao eventually surpassed sugar as the main export crop; in the 20th century, nutmeg became the leading export. In 1967, Britain gave Grenada autonomy over its internal affairs. Full independence was attained in 1974 making Grenada one of the smallest independent countries in the Western Hemisphere. Grenada was seized by a Marxist military council on 19 October 1983. Six days later the island was invaded by US forces and those of six other Caribbean nations, which quickly captured the ringleaders and their hundreds of Cuban advisers. Free elections were reinstituted the following year and have continued since that time. Hurricane Ivan struck Grenada in September of 2004 causing severe damage.

Grenada: Barnacle Newspaper

The Barnacle is a business journal focused on positive promotion of Grenada with an emphasis on business promotion. Companies attempting business with or in the country have used the resource to disseminate information about their products and services. News on the site is categorized into local, regional, and corporate news.

Grenada: Chamber of Commerce and Industry

Since 1921, the Grenada chamber of commerce has worked to speak to the Government as a collective voice for the Grenadian Private Sector. This site provides a list of relevant contact information as well as a brief history of the chamber.

Grenada: Grenada Industrial Development Corporation

As the investment promotion agency of the Government of Grenada, the Grenada Industrial Development Corporation (GIDC) aims to increase private sector investment through attracting new investment, increasing the number of small businesses, and facilitating the development of existing business. The site provides a wealth of information on investing or setting up a business in the country, as well as publications available for download.

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (May 2009)