Grenada, Saint Georges Cost of Living April 2010

Country Full Name: Grenada.

Location: Grenada is an island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago.

Country Climate: Tropical; tempered by northeast trade winds.

Country Terrain: Volcanic in origin with central mountains.

Major Languages: English (official), French patois.

Major Religions: Christianity.

Country Population: 0.103 million (2008 est.) 0.103 million (2009 est.).

Country Economy: The economy of Grenada is a largely tourism-based, small, open economy. Over the past two decades, the economy has shifted from one of agriculture-dominant into that of services-dominant, with tourism serving as the leading foreign currency earning sector. The country’s principal export crops are the spices nutmeg and mace (Grenada is the world?s second largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon.

Currency: East Caribbean Dollar (XCD).

Country Inflation: 8.0% (2008 est.) 1.4% (2009 est.).

City: St. George’s is the capital of Grenada, British West Indies.

City Economy: The city is a popular Caribbean tourist destination that attracts thousands of tourists and cruise ships. The main exports are cacao, nutmeg, and mace.

Cost of Living: Saint George’s has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Saint George’s is currently ranked 159 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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