Agriculture accounts for over half of merchandise exports, and a large portion of the population is employed directly or indirectly in agriculture. Recently the performance of the agricultural sector has not been good. Grenada's banana exports declined markedly in volume and quality in 1996, and it is a question to what extent the country will remain a banana exporter.
Tourism remains the key earner of foreign exchange.
The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. Most goods can be imported into Grenada under open general license but some goods require specific licenses.