Domestic credit to private sector by banks in Grenada
Grenada: Domestic credit to private sector by banks was 57.5% in 2025. ▲ Rising
Domestic credit to private sector by banks in Grenada, 1977–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in Grenada stood at 57.5%.
That represents a change of up 3.3% on the previous year and up 0.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Grenada peaked at 84.9% in 2011 and was at its lowest, 20.7%, in 1984.
That places Grenada 60th out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Domestic credit to private sector by banks in Grenada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 26.3% | — |
| 1978 | 25.2% | -4.4% |
| 1979 | 23.3% | -7.4% |
| 1980 | 24.2% | +3.7% |
| 1981 | 24.1% | -0.4% |
| 1982 | 23.3% | -3.3% |
| 1983 | 21.4% | -8.0% |
| 1984 | 20.7% | -3.4% |
| 1985 | 24.2% | +17.1% |
| 1986 | 30.0% | +24.0% |
| 1987 | 32.5% | +8.3% |
| 1988 | 33.3% | +2.5% |
| 1989 | 37.8% | +13.5% |
| 1990 | 36.1% | -4.7% |
| 1991 | 35.4% | -1.8% |
| 1992 | 37.6% | +6.2% |
| 1993 | 49.4% | +31.5% |
| 1994 | 47.2% | -4.5% |
| 1995 | 47.3% | +0.2% |
| 1996 | 50.0% | +5.6% |
| 1997 | 55.5% | +11.1% |
| 1998 | 56.9% | +2.4% |
| 1999 | 59.0% | +3.7% |
| 2000 | 62.6% | +6.0% |
| 2001 | 63.1% | +0.8% |
| 2002 | 61.4% | -2.6% |
| 2003 | 58.5% | -4.8% |
| 2004 | 61.6% | +5.4% |
| 2005 | 58.0% | -6.0% |
| 2006 | 64.9% | +12.0% |
| 2007 | 68.8% | +6.0% |
| 2008 | 70.1% | +1.9% |
| 2009 | 79.4% | +13.3% |
| 2010 | 84.0% | +5.8% |
| 2011 | 84.9% | +1.1% |
| 2012 | 82.8% | -2.4% |
| 2013 | 74.3% | -10.3% |
| 2014 | 65.2% | -12.2% |
| 2015 | 57.3% | -12.1% |
| 2016 | 53.7% | -6.3% |
| 2017 | 51.1% | -4.9% |
| 2018 | 50.6% | -0.8% |
| 2019 | 49.5% | -2.2% |
| 2020 | 59.4% | +19.9% |
| 2021 | 57.3% | -3.5% |
| 2022 | 53.6% | -6.4% |
| 2023 | 51.0% | -4.9% |
| 2024 | 55.7% | +9.2% |
| 2025 | 57.5% | +3.3% |
Grenada compared with similar countries
- Grenada's 57.5% is above the median for upper middle income countries, which is 39.8%, 1.4× the median. (55 countries reporting)
- Grenada's 57.5% is above the median for Latin America & Caribbean, which is 42.9%, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.9% | 23.3% | 26.3% | 3 |
| 1980s | 27.1% | 20.7% | 37.8% | 10 |
| 1990s | 47.4% | 35.4% | 59.0% | 10 |
| 2000s | 64.8% | 58.0% | 79.4% | 10 |
| 2010s | 65.3% | 49.5% | 84.9% | 10 |
| 2020s | 55.8% | 51.0% | 59.4% | 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 domestic credit to private sector by banks in Grenada?
- Domestic credit to private sector by banks in Grenada was 57.5% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Grenada?
- The highest recorded value was 84.9% in 2011.
- What is the lowest domestic credit to private sector by banks recorded in Grenada?
- The lowest recorded value was 20.7% in 1984.
- How does Grenada rank for domestic credit to private sector by banks?
- Grenada ranks 60th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Grenada?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.