Grenada

Grenada is an island nation in the southeastern Caribbean Sea including the southern Grenadines. Grenada is the second-smallest independent country in the Western Hemisphere (after Saint Kitts and Nevis). It is located north of Trinidad and Tobago, and south of Saint Vincent and the Grenadines.

Economy

Main article: Economy of Grenada

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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 Organisation of Eastern Caribbean States (OECS).

Related Topics:
1998 - Tourism - Foreign exchange - Central bank - Currency - East Caribbean Dollar - Organisation of Eastern Caribbean States

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Grenada is sometimes called spice island. Cinnamon, cloves, ginger, mace, and nutmeg are important exports. There is a nutmeg on the nation's flag.

Related Topics:
Cinnamon - Cloves - Ginger - Mace - Nutmeg

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The red lacy material in the photo is mace. It is found between the nutmeg fruit and the nut itself.

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