Financial Institutions Access Index in Grenada
Grenada: Financial Institutions Access Index was 0.4361 in 2020. ▲ Rising
Financial Institutions Access Index in Grenada, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions access index in Grenada stood at 0.4361.
Compared with earlier readings it is down 5.5% on the previous year and down 22.6% over ten years.
Over the whole period, financial institutions access index in Grenada peaked at 0.5676 in 2011 and was at its lowest, 0.2481, in 1982.
That places Grenada 65th 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 Institutions Access Index in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2513 | — |
| 1981 | 0.2509 | -0.1% |
| 1982 | 0.2481 | -1.1% |
| 1983 | 0.2572 | +3.7% |
| 1984 | 0.2657 | +3.3% |
| 1985 | 0.2592 | -2.4% |
| 1986 | 0.2609 | +0.7% |
| 1987 | 0.2759 | +5.7% |
| 1988 | 0.2968 | +7.6% |
| 1989 | 0.3046 | +2.6% |
| 1990 | 0.3147 | +3.3% |
| 1991 | 0.3219 | +2.3% |
| 1992 | 0.334 | +3.8% |
| 1993 | 0.3765 | +12.7% |
| 1994 | 0.3874 | +2.9% |
| 1995 | 0.3922 | +1.2% |
| 1996 | 0.4007 | +2.2% |
| 1997 | 0.409 | +2.1% |
| 1998 | 0.4095 | +0.1% |
| 1999 | 0.4276 | +4.4% |
| 2000 | 0.4329 | +1.2% |
| 2001 | 0.4833 | +11.6% |
| 2002 | 0.4994 | +3.3% |
| 2003 | 0.5171 | +3.6% |
| 2004 | 0.5601 | +8.3% |
| 2005 | 0.5339 | -4.7% |
| 2006 | 0.5321 | -0.3% |
| 2007 | 0.5425 | +1.9% |
| 2008 | 0.5522 | +1.8% |
| 2009 | 0.5554 | +0.6% |
| 2010 | 0.5633 | +1.4% |
| 2011 | 0.5676 | +0.8% |
| 2012 | 0.5327 | -6.2% |
| 2013 | 0.5649 | +6.1% |
| 2014 | 0.502 | -11.1% |
| 2015 | 0.5359 | +6.8% |
| 2016 | 0.4551 | -15.1% |
| 2017 | 0.4482 | -1.5% |
| 2018 | 0.4574 | +2.1% |
| 2019 | 0.4613 | +0.8% |
| 2020 | 0.4361 | -5.5% |
Grenada compared with similar countries
- Grenada's 0.4361 is above the median for upper middle income countries, which is 0.3583, 1.2× the median. (54 countries reporting)
- Grenada's 0.4361 is above the median for Latin America & Caribbean, which is 0.3636, 1.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2671 | 0.2481 | 0.3046 | 10 |
| 1990s | 0.3773 | 0.3147 | 0.4276 | 10 |
| 2000s | 0.5209 | 0.4329 | 0.5601 | 10 |
| 2010s | 0.5089 | 0.4482 | 0.5676 | 10 |
| 2020s | 0.4361 | 0.4361 | 0.4361 | 1 |
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 financial institutions access index in Grenada?
- Financial institutions access index in Grenada was 0.4361 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Grenada?
- The highest recorded value was 0.5676 in 2011.
- What is the lowest financial institutions access index recorded in Grenada?
- The lowest recorded value was 0.2481 in 1982.
- How does Grenada rank for financial institutions access index?
- Grenada ranks 65th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Grenada?
- Over the last ten years it is down 22.6%. 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 Institutions Access Index. Statizoid updates them automatically from the source API.
Download this data
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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.