Bank deposits to GDP (%) in Grenada
Grenada: Bank deposits to GDP (%) was 89.0% in 2021. ▲ Rising
Bank deposits to GDP in Grenada, 1977–2021
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 185 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.
Bank deposits to GDP (%) in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1977 | 37.6% | — |
| 1978 | 35.7% | -4.8% |
| 1979 | 34.4% | -3.8% |
| 1980 | 32.9% | -4.4% |
| 1981 | 33.2% | +1.1% |
| 1982 | 31.5% | -5.2% |
| 1983 | 29.7% | -5.8% |
| 1984 | 32.5% | +9.6% |
| 1985 | 33.6% | +3.3% |
| 1986 | 38.7% | +15.3% |
| 1987 | 38.0% | -2.0% |
| 1988 | 43.1% | +13.5% |
| 1989 | 41.5% | -3.7% |
| 1990 | 43.2% | +4.1% |
| 1991 | 42.1% | -2.6% |
| 1992 | 43.1% | +2.4% |
| 1993 | 54.4% | +26.4% |
| 1994 | 58.3% | +7.0% |
| 1995 | 61.7% | +5.8% |
| 1996 | 63.9% | +3.6% |
| 1997 | 65.8% | +3.0% |
| 1998 | 65.1% | -1.1% |
| 1999 | 69.1% | +6.3% |
| 2000 | 73.1% | +5.7% |
| 2001 | 81.7% | +11.8% |
| 2002 | 87.2% | +6.6% |
| 2003 | 84.3% | -3.3% |
| 2004 | 99.9% | +18.6% |
| 2005 | 80.2% | -19.7% |
| 2006 | 81.8% | +2.0% |
| 2007 | 85.0% | +3.9% |
| 2008 | 82.5% | -2.9% |
| 2009 | 91.3% | +10.7% |
| 2010 | 94.7% | +3.8% |
| 2011 | 93.7% | -1.1% |
| 2012 | 86.2% | -8.0% |
| 2013 | 85.0% | -1.4% |
| 2014 | 83.3% | -1.9% |
| 2015 | 81.8% | -1.8% |
| 2016 | 80.4% | -1.8% |
| 2017 | 77.7% | -3.3% |
| 2018 | 82.5% | +6.3% |
| 2019 | 79.5% | -3.7% |
| 2020 | 89.9% | +13.2% |
| 2021 | 89.0% | -1.0% |
Grenada compared with similar countries
- Grenada's 89.0% is above the median for upper middle income countries, which is 56.7%, 1.6× the median. (55 countries reporting)
- Grenada's 89.0% is above the median for Latin America & Caribbean, which is 62.6%, 1.4× the median. (33 countries reporting)
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
- 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 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 185 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.
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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 IMF’s 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).