Domestic credit to private sector in Grenada
Grenada: Domestic credit to private sector was 59.4% in 2020. ▲ Rising
Domestic credit to private sector in Grenada, 1977–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Grenada is 59.4%, measured in 2020.
That represents a change of up 19.9% on the previous year and down 29.3% over ten years.
Over the whole period, domestic credit to private sector in Grenada peaked at 84.9% in 2011 and was at its lowest, 20.7%, in 1984.
Grenada ranks 73rd of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Domestic credit to private sector 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% |
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 | 59.4% | 59.4% | 59.4% | 1 |
Countries ranked near Grenada
- 70 Montenegro 60.0% compare
- 71 Russian Federation 59.8% compare
- 72 Croatia 59.8% compare
- 74 Bosnia and Herzegovina 58.5% compare
- 75 North Macedonia 56.9% compare
- 76 Jamaica 56.3% compare
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 in Grenada?
- Domestic credit to private sector in Grenada was 59.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Grenada?
- The highest recorded value was 84.9% in 2011.
- What is the lowest domestic credit to private sector recorded in Grenada?
- The lowest recorded value was 20.7% in 1984.
- How does Grenada rank for domestic credit to private sector?
- Grenada ranks 73rd out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Grenada?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.