About Grenada
About Grenada
Empowering Global Success from Grenada's Shores
Grenada is a Caribbean country comprising a main island, also called Grenada, and smaller surrounding islands. Dubbed the “Spice Isle,” the hilly main island is home to numerous nutmeg plantations. It’s also the site of the capital, St. George’s, whose colorful homes, Georgian buildings and early-18th-century Fort George overlook narrow Carenage Harbor. To the south is Grand Anse Beach, with resorts and bars.
Population
125,438
Language
English
Currency
East Caribbean dollar (XCD)
Political Structure
As a Commonwealth realm, Queen Elizabeth II is Queen of Grenada and Head of State. The Crown is represented by a Governor-General, currently Cécile La Grenade. Day-to-day executive power lies with the Head of Government, the Prime Minister. Although appointed by the Governor-General, the Prime Minister is usually the leader of the largest party in the Parliament.
Infrastructure and Economy
Economic progress in fiscal reforms and prudent macroeconomic management have boosted annual growth to 5%–6% in 1998–99; the increase in economic activity has been led by construction and trade. Tourist facilities are being expanded; tourism is the leading foreign exchange earner. Major short-term concerns are the rising fiscal deficit and the deterioration in the external account balance. Grenada shares a common central bank and a common currency (the East Caribbean dollar) with seven other members of the Organization of Eastern Caribbean States (OECS).
