Purchasing power in Grenada has steadily grown over the last thirty years from approximately $2,000 per capita year (1980) to more than $13,000.00 per capita year (2010) (IMF, 2011). Although the Eastern Caribbean dollar is pegged to the USD at a rate of $2.70 ECD to $1.00 USD, the economies have very different 30 year purchasing-power-parity per capita (IMF, 2011). Specifically, Grenada has experienced a more variable economic transition, with year over year percent increases reaching as high as 14.59% (1998) and retractions of -7.03% (2009) (IMF, 2013). By comparison, the United States largest growth for the same time frame was from 11.03 % (1981) and largest retraction was -3.31% (2009) (IMF, 2013). Possible reasons for the high variability in Grenada (as displayed in the figure below) is the small size of the total Grenadian economy ($1.471 Billion USD in aggregate for 2012), leaving it susceptible to larger economic swings from foreign direct investment (or lack thereof) which would not be registered in the larger United States economy ($15.66 Trillion USD for 2012) (IMF, 2013).