Financial Development Index in Grenada
Grenada: Financial Development Index was 0.2814 in 2020. β² Rising
Financial Development Index in Grenada, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Grenada stood at 0.2814.
Compared with earlier readings it is down 2.1% on the previous year and down 11.3% over ten years.
Over the whole period, financial development index in Grenada peaked at 0.3438 in 2006 and was at its lowest, 0.1554, in 1982.
That places Grenada 83rd out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1689 | 0.1554 | 0.1919 | 10 |
| 1990s | 0.239 | 0.1983 | 0.2732 | 10 |
| 2000s | 0.3139 | 0.278 | 0.3438 | 10 |
| 2010s | 0.292 | 0.2782 | 0.3172 | 10 |
| 2020s | 0.2814 | 0.2814 | 0.2814 | 1 |
Countries ranked near Grenada
- 80 Saint Kitts and Nevis 0.2954 compare
- 81 Aruba 0.2912 compare
- 82 Slovak Republic 0.2827 compare
- 84 Estonia 0.2794 compare
- 85 Costa Rica 0.2784 compare
- 86 Uzbekistan 0.2782 compare
More financial sector data for Grenada
- Net domestic credit (current LCU), per capita 13,150 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.09 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 30.78 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 294.62 million SDR (2025)
- Reserves excluding gold 298.03 million SDR (2025)
- Total reserves (gold at market value) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,541 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -8.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,541 SDR per person (2025)
Frequently asked questions
- What is financial development index in Grenada?
- Financial development index in Grenada was 0.2814 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Grenada?
- The highest recorded value was 0.3438 in 2006.
- What is the lowest financial development index recorded in Grenada?
- The lowest recorded value was 0.1554 in 1982.
- How does Grenada rank for financial development index?
- Grenada ranks 83rd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Grenada?
- Over the last ten years it is down 11.3%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.