Financial Institutions Efficiency Index in Grenada
Grenada: Financial Institutions Efficiency Index was 0.579 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Grenada, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions efficiency index in Grenada is 0.579, measured in 2020.
Compared with earlier readings it is down 4.5% on the previous year and down 1.4% over ten years.
Over the whole period, financial institutions efficiency index in Grenada peaked at 0.748 in 2006 and was at its lowest, 0.3708, in 1986.
Grenada ranks 97th of 183 countries on this measure, 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 | 0.4252 | 0.3708 | 0.4778 | 10 |
| 1990s | 0.5398 | 0.4669 | 0.5918 | 10 |
| 2000s | 0.6026 | 0.4902 | 0.748 | 10 |
| 2010s | 0.5534 | 0.4718 | 0.6063 | 10 |
| 2020s | 0.579 | 0.579 | 0.579 | 1 |
Countries ranked near Grenada
- 94 Moldova, Republic of 0.5823 compare
- 95 Türkiye, Republic of 0.5814 compare
- 96 Libya 0.581 compare
- 98 Madagascar, Republic of 0.5784 compare
- 99 Maldives 0.5783 compare
- 100 Lao People's Democratic Republic 0.5768 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)
- Domestic credit to private sector by banks 57.5% (2025)
- Total reserves in months of imports 4.36 (2025)
- Net domestic credit 1.54 billion current LCU (2025)
Frequently asked questions
- What is financial institutions efficiency index in Grenada?
- Financial institutions efficiency index in Grenada was 0.579 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Grenada?
- The highest recorded value was 0.748 in 2006.
- What is the lowest financial institutions efficiency index recorded in Grenada?
- The lowest recorded value was 0.3708 in 1986.
- How does Grenada rank for financial institutions efficiency index?
- Grenada ranks 97th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Grenada?
- Over the last ten years it is down 1.4%. 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 Efficiency 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.