Bank credit to bank deposits (%) in Grenada
Grenada: Bank credit to bank deposits (%) was 64.4% in 2021. ▬ Flat
Latest (2021)
64.4%
Change on year
down 3.9%
World rank
126th
of 186 countries
All-time high
96.1%
in 2012
All-time low
61.3%
in 2018
Years of data
45
1977–2021
Bank credit to bank deposits in Grenada, 1977–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Grenada recorded 64.4% for bank credit to bank deposits in 2021.
The figure is down 3.9% on the previous year and down 28.9% over ten years.
Over the whole period, bank credit to bank deposits in Grenada peaked at 96.1% in 2012 and was at its lowest, 61.3%, in 2018.
That places Grenada 126th out of 186 countries with data for 2021, putting it in the middle of the range.
Bank credit to bank deposits (%) in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1977 | 70.1% | — |
| 1978 | 70.4% | +0.5% |
| 1979 | 67.8% | -3.7% |
| 1980 | 73.5% | +8.5% |
| 1981 | 72.4% | -1.5% |
| 1982 | 73.9% | +2.0% |
| 1983 | 72.1% | -2.4% |
| 1984 | 63.6% | -11.9% |
| 1985 | 72.1% | +13.4% |
| 1986 | 77.5% | +7.5% |
| 1987 | 85.6% | +10.5% |
| 1988 | 77.3% | -9.7% |
| 1989 | 91.1% | +17.9% |
| 1990 | 83.4% | -8.4% |
| 1991 | 84.2% | +0.8% |
| 1992 | 87.4% | +3.8% |
| 1993 | 90.8% | +4.0% |
| 1994 | 81.1% | -10.7% |
| 1995 | 76.8% | -5.3% |
| 1996 | 78.3% | +2.0% |
| 1997 | 84.4% | +7.8% |
| 1998 | 87.4% | +3.5% |
| 1999 | 85.3% | -2.4% |
| 2000 | 85.6% | +0.3% |
| 2001 | 77.2% | -9.8% |
| 2002 | 70.5% | -8.7% |
| 2003 | 69.4% | -1.6% |
| 2004 | 61.7% | -11.1% |
| 2005 | 72.3% | +17.2% |
| 2006 | 79.3% | +9.7% |
| 2007 | 81.0% | +2.1% |
| 2008 | 85.0% | +5.0% |
| 2009 | 87.0% | +2.3% |
| 2010 | 88.7% | +2.0% |
| 2011 | 90.6% | +2.2% |
| 2012 | 96.1% | +6.0% |
| 2013 | 87.4% | -9.0% |
| 2014 | 78.2% | -10.5% |
| 2015 | 70.0% | -10.5% |
| 2016 | 66.9% | -4.6% |
| 2017 | 65.7% | -1.8% |
| 2018 | 61.3% | -6.7% |
| 2019 | 63.6% | +3.8% |
| 2020 | 67.0% | +5.3% |
| 2021 | 64.4% | -3.9% |
Grenada compared with similar countries
- Grenada's 64.4% is below the median for upper middle income countries, which is 79.3%, 81% of the median. (55 countries reporting)
- Grenada's 64.4% is below the median for Latin America & Caribbean, which is 76.2%, 84% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 69.4% | 67.8% | 70.4% | 3 |
| 1980s | 75.9% | 63.6% | 91.1% | 10 |
| 1990s | 83.9% | 76.8% | 90.8% | 10 |
| 2000s | 76.9% | 61.7% | 87.0% | 10 |
| 2010s | 76.8% | 61.3% | 96.1% | 10 |
| 2020s | 65.7% | 64.4% | 67.0% | 2 |
Countries ranked near Grenada
More financial sector data for Grenada
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.72 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.02 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.72 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank credit to bank deposits in Grenada?
- Bank credit to bank deposits in Grenada was 64.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Grenada?
- The highest recorded value was 96.1% in 2012.
- What is the lowest bank credit to bank deposits recorded in Grenada?
- The lowest recorded value was 61.3% in 2018.
- How does Grenada rank for bank credit to bank deposits?
- Grenada ranks 126th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Grenada?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is flat.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).