TIC 2018 Manufactuer E-MAG

Grenada
The tiny Caribbean island of Grenada is one of the smallest
independent countries in the western hemisphere.
Known as the Spice Island, it is the world’s second-largest
producer of nutmeg after Indonesia and a significant producer
of mace, cinnamon, ginger and cloves. It also boasts beautiful
scenery with fertile valleys, rainforests and mountain lakes and its
tropical climate and excellent beaches are a big draw for tourists.
• Population 105,000
• Area 344 sq km (133 sq miles)
• Major languages English (official), French patois
• Major religion Christianity
• Life expectancy 74 years (men), 78 years (women)
• Currency East Caribbean dollar
• UN, World Bank
The Gross Domestic Product (GDP) in Grenada was worth 1.12
billion US dollars in 2017. The GDP value of Grenada represents
less than 0.01 percent of the world economy. GDP in Grenada
averaged 0.47 USD Billion from 1977 until 2017, reaching an alltime
high of 1.12 USD Billion in 2017 and a record low of 0.07
USD Billion in 1977.
PANAMA
• Population: 3.93 million (UN, 2016)
• Capital: Panama City
• Area: 75,517 sq km (29,157 sq miles)
• Major languages: Spanish, English
• Major religion: Christianity
• Life expectancy: 74 years (men), 79 years (women) (UN
2013)
• Monetary unit: 1 balboa = 100 cents
• Main exports: Bananas, fish, shrimp, petroleum products
• GNI per capita: US$ 10,700 (World Bank, 2012-13)
• Internet domain: .pa
• International dialling code: +507
Panama is a strong economic powerhouse that is supported by
the services provided to the Panama Canal and the country’s
banking system. Services include operating the Panama Canal,
logistics, banking, the Colon Free Zone, insurance, container
ports, flagship registry, and tourism. Economic growth will be
bolstered by the Panama Canal expansion project that began
in 2007 and is estimated to be completed by 2015 at a cost
of $5.3 billion .The expansion project will more than double
the Canal’s capacity, enabling it to accommodate ships that are
too large to traverse the existing canal. The country’s average
growth of 8.4% between 2007 and 2013 has made it one of the
fastest growing economies in Latin America and one of the more
sound economies (the country was able to successfully weather
the global economic crisis which began in 2008). Indeed, the
Republic of Panama remains a natural point of transit-be it
money through its national financial centre , goods through its
canal or people through its expanding airport.
Dominican Republic
The Dominican Republic is a middle-income country, with
the largest economy in Central America and the Caribbean
(WorldBank) Once ruled by Spain, the Dominican Republic shares
the island of Hispaniola with Haiti, a former French colony. The
Caribbean nation is a major tourist destination. This, coupled
with free-trade zones, has become the country’s major employer
and key sources of revenue, replacing dependence on sugar,
coffee and other exports.
In recent years the service sector has overtaken agriculture as the
economy’s largest employer, due to growth in telecommunications,
tourism, and free trade zones. The economy is highly dependent
upon the United States, the destination for approximately half of
exports. Remittances from the US amount to about 5% of GDP,
equivalent to about a third of exports and two-thirds of tourism
receipts. According to Forbes (2014), the Dominican Republic
(DR), suffers from marked income inequality; the poorest half
of the population receives less than one-fifth of GDP, while the
richest 10% enjoys nearly 40% of GDP. High unemployment and
underemployment remains a long-term challenge.
• Capital: Santo Domingo
• Major Languages: Spanish
• Monetary Unit: 1 Dominican peso = 100 centavos
• GNI Per Capita: US$ 5,700 (World bank 2014)
• Population: 10.40 Million (World Bank 2013)
• Area: 48,072 sq km (18,696 sq miles)
• Life expectancy: 71 years (men), 77 years (women) (UN)
• Main exports: Ferronickel, sugar, gold, silver, coffee, cocoa,
tobacco, meats
Haiti
Haiti became the world’s first black-led republic and the first
independent Caribbean state when it threw off French colonial
control and slavery in the early 19th century.
100% Juices
No added sugar
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