Compare Grenada (2008) - Grenada (2007)

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	Grenada (2008)	Grenada (2007)

Background	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.	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.
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.	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.
Exchange rates	East Caribbean dollars per US dollar - NA (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)	East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
Exports	0 bbl/day (2004)	NA bbl/day
Exports - partners	Saint Lucia 18.8%, Antigua and Barbuda 12.8%, Saint Kitts & Nevis 11.5%, Dominica 11.4%, US 11.4% (2006)	Saint Lucia 18.8%, Antigua and Barbuda 12.8%, Saint Kitts & Nevis 11.5%, Dominica 11.4%, US 11.3% (2006)
Imports	1,776 bbl/day (2004)	NA bbl/day
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, WHO, WIPO, WTO	ACP, C, Caricom, CDB, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO (subscriber), ITU, ITUC, LAES, MIGA, NAM, OAS, OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WTO
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 27 November 2003 (next to be held by early 2009) election results: House of Representatives - percent of vote by party - NNP 46.6%, NDC 44.1%, other 9.3%; seats by party - NNP 8, NDC 7	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 27 November 2003 (next to be held by November 2008) election results: House of Representatives - percent of vote by party - NNP 46.6%, NDC 44.1%, other 9.3%; seats by party - NNP 8, NDC 7

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