Deposit interest rate in Grenada
Grenada: Deposit interest rate was 1.0% in 2025. ▼ Falling
Deposit interest rate in Grenada, 1982–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2025, deposit interest rate in Grenada stood at 1.0%.
The figure is down 0.3% on the previous year and down 48.0% over ten years.
Over the whole period, deposit interest rate in Grenada peaked at 4.3% in 1999 and was at its lowest, 0.9%, in 2022.
That places Grenada 133rd out of 153 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Deposit interest rate in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1982 | 2.2% | — |
| 1983 | 3.1% | +40.7% |
| 1984 | 3.6% | +18.4% |
| 1985 | 3.6% | +0.0% |
| 1986 | 2.8% | -22.8% |
| 1987 | 3.1% | +8.6% |
| 1988 | 3.0% | -3.3% |
| 1989 | 2.8% | -6.8% |
| 1990 | 3.4% | +23.5% |
| 1991 | 3.7% | +10.0% |
| 1992 | 3.7% | -1.9% |
| 1993 | 3.9% | +5.6% |
| 1994 | 3.6% | -6.9% |
| 1995 | 3.7% | +1.6% |
| 1996 | 3.7% | +1.8% |
| 1997 | 3.9% | +5.1% |
| 1998 | 4.2% | +5.8% |
| 1999 | 4.3% | +3.5% |
| 2000 | 4.2% | -1.6% |
| 2001 | 4.2% | -0.2% |
| 2002 | 3.6% | -15.0% |
| 2003 | 3.4% | -5.7% |
| 2004 | 3.3% | -1.9% |
| 2005 | 2.9% | -13.7% |
| 2006 | 3.0% | +2.9% |
| 2007 | 3.1% | +5.9% |
| 2008 | 3.2% | +3.3% |
| 2009 | 3.3% | +1.4% |
| 2010 | 3.1% | -5.9% |
| 2011 | 3.1% | +1.1% |
| 2012 | 2.9% | -8.2% |
| 2013 | 2.6% | -7.6% |
| 2014 | 2.4% | -9.1% |
| 2015 | 1.8% | -23.8% |
| 2016 | 1.5% | -15.7% |
| 2017 | 1.4% | -6.0% |
| 2018 | 1.4% | -4.3% |
| 2019 | 1.3% | -3.4% |
| 2020 | 1.2% | -12.8% |
| 2021 | 1.2% | +0.3% |
| 2022 | 0.9% | -24.0% |
| 2023 | 0.9% | +0.9% |
| 2024 | 1.0% | +6.1% |
| 2025 | 1.0% | -0.3% |
Grenada compared with similar countries
- Grenada's 1.0% is below the median for upper middle income countries, which is 4.1%, 23% of the median. (53 countries reporting)
- Grenada's 1.0% is below the median for Latin America & Caribbean, which is 3.4%, 28% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.0% | 2.2% | 3.6% | 8 |
| 1990s | 3.8% | 3.4% | 4.3% | 10 |
| 2000s | 3.4% | 2.9% | 4.2% | 10 |
| 2010s | 2.2% | 1.3% | 3.1% | 10 |
| 2020s | 1.0% | 0.9% | 1.2% | 6 |
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 deposit interest rate in Grenada?
- Deposit interest rate in Grenada was 1.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Grenada?
- The highest recorded value was 4.3% in 1999.
- What is the lowest deposit interest rate recorded in Grenada?
- The lowest recorded value was 0.9% in 2022.
- How does Grenada rank for deposit interest rate?
- Grenada ranks 133rd out of 153 countries with data for 2025.
- Is deposit interest rate rising or falling in Grenada?
- Over the last ten years it is down 48.0%. The long-run trend across the full record is falling.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.