The adverse trade balance is generally offset by a flow of remittances from migrant groups abroad and by tourist expenditures.
The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Grenada's exports was $78 million while imports totaled $270 million resulting in a trade deficit of $192 million.
The International Monetary Fund (IMF) reports that in 2000 Grenada had exports of goods totaling $85 million and imports totaling $221 million. The services credit totaled $151 million and debit $83 million. The following table summarizes Grenada's balance of payments as reported by the IMF for 2000 in millions of US dollars.
Current Account | -79 |
Balance on goods | -136 |
Balance on services | 68 |
Balance on income | -31 |
Current transfers | 20 |
Capital Account | 30 |
Financial Account | 69 |
Direct investment abroad | … |
Direct investment in Grenada | 37 |
Portfolio investment assets | 0 |
Portfolio investment liabilities | 20 |
Other investment assets | -11 |
Other investment liabilities | 23 |
Net Errors and Omissions | -13 |
Reserves and Related Items | -7 |
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