Financial Development Index in Grenada
Grenada: Financial Development Index was 0.2814 in 2020. ▲ Rising
Financial Development Index in Grenada, 1980–2020
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.
Financial Development Index in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1623 | — |
| 1981 | 0.162 | -0.1% |
| 1982 | 0.1554 | -4.1% |
| 1983 | 0.163 | +4.9% |
| 1984 | 0.1693 | +3.8% |
| 1985 | 0.1629 | -3.8% |
| 1986 | 0.1624 | -0.3% |
| 1987 | 0.1727 | +6.3% |
| 1988 | 0.1866 | +8.1% |
| 1989 | 0.1919 | +2.8% |
| 1990 | 0.1983 | +3.3% |
| 1991 | 0.2027 | +2.2% |
| 1992 | 0.2103 | +3.7% |
| 1993 | 0.2383 | +13.3% |
| 1994 | 0.2436 | +2.2% |
| 1995 | 0.2484 | +2.0% |
| 1996 | 0.251 | +1.1% |
| 1997 | 0.2619 | +4.3% |
| 1998 | 0.2628 | +0.3% |
| 1999 | 0.2732 | +3.9% |
| 2000 | 0.278 | +1.8% |
| 2001 | 0.3049 | +9.7% |
| 2002 | 0.3221 | +5.7% |
| 2003 | 0.314 | -2.5% |
| 2004 | 0.3261 | +3.9% |
| 2005 | 0.3077 | -5.6% |
| 2006 | 0.3438 | +11.7% |
| 2007 | 0.3349 | -2.6% |
| 2008 | 0.3022 | -9.8% |
| 2009 | 0.3052 | +1.0% |
| 2010 | 0.3172 | +3.9% |
| 2011 | 0.3079 | -2.9% |
| 2012 | 0.3028 | -1.7% |
| 2013 | 0.2967 | -2.0% |
| 2014 | 0.286 | -3.6% |
| 2015 | 0.2831 | -1.0% |
| 2016 | 0.2782 | -1.7% |
| 2017 | 0.2782 | +0.0% |
| 2018 | 0.2829 | +1.7% |
| 2019 | 0.2874 | +1.6% |
| 2020 | 0.2814 | -2.1% |
Grenada compared with similar countries
- Grenada's 0.2814 is above the median for upper middle income countries, which is 0.2539, 1.1× the median. (54 countries reporting)
- Grenada's 0.2814 is above the median for Latin America & Caribbean, which is 0.2814, 1.0× the median. (33 countries reporting)
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 Slovakia 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
- 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 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.
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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.