Grenada - Balance of payments

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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