Bank deposits to GDP in Grenada
Grenada: Bank deposits to GDP was 89.0% in 2021. β² Rising
Bank deposits to GDP in Grenada, 1977β2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank deposits to gdp in Grenada is 89.0%, measured in 2021.
That represents a change of down 1.0% on the previous year and down 5.0% over ten years.
Over the whole period, bank deposits to gdp in Grenada peaked at 99.9% in 2004 and was at its lowest, 29.7%, in 1983.
That places Grenada 45th out of 184 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.9% | 34.4% | 37.6% | 3 |
| 1980s | 35.5% | 29.7% | 43.1% | 10 |
| 1990s | 56.7% | 42.1% | 69.1% | 10 |
| 2000s | 84.7% | 73.1% | 99.9% | 10 |
| 2010s | 84.5% | 77.7% | 94.7% | 10 |
| 2020s | 89.5% | 89.0% | 89.9% | 2 |
Countries ranked near Grenada
More financial sector data for Grenada
- Domestic credit to private sector by banks 57.5% (2025)
- Total reserves in months of imports 4.36 (2025)
- Net domestic credit 1.54 billion current LCU (2025)
- Net foreign assets 2.55 billion current LCU (2025)
- Monetary Sector credit to private sector 57.5% (2025)
- Broad money 92.0% (2025)
- Claims on central government, etc. -19.2% (2025)
- Domestic credit to private sector 57.5% (2025)
- Official exchange rate 2.7 LCU per US$, period average (2025)
- Net migration -185 (2025)
Frequently asked questions
- What is bank deposits to gdp in Grenada?
- Bank deposits to gdp in Grenada was 89.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Grenada?
- The highest recorded value was 99.9% in 2004.
- What is the lowest bank deposits to gdp recorded in Grenada?
- The lowest recorded value was 29.7% in 1983.
- How does Grenada rank for bank deposits to gdp?
- Grenada ranks 45th out of 184 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Grenada?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMFβs International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).