Interest rate spread in Grenada
Grenada: Interest rate spread was 5.9% in 2025. ▼ Falling
Interest rate spread in Grenada, 1982–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2025, interest rate spread in Grenada stood at 5.9%.
The figure is down 0.4% on the previous year and down 17.2% over ten years.
Over the whole period, interest rate spread in Grenada peaked at 10.7% in 1986 and was at its lowest, 5.4%, in 2021.
That places Grenada 58th out of 140 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Interest rate spread in Grenada, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1982 | 10.1% | — |
| 1983 | 9.2% | -8.8% |
| 1984 | 8.7% | -6.1% |
| 1985 | 9.8% | +12.4% |
| 1986 | 10.7% | +9.5% |
| 1987 | 10.2% | -4.1% |
| 1988 | 9.4% | -8.6% |
| 1989 | 9.6% | +2.2% |
| 1990 | 8.9% | -6.8% |
| 1991 | 8.6% | -4.1% |
| 1992 | 8.3% | -2.4% |
| 1993 | 8.0% | -4.8% |
| 1994 | 7.4% | -6.7% |
| 1995 | 7.4% | -0.2% |
| 1996 | 6.3% | -15.5% |
| 1997 | 7.3% | +16.9% |
| 1998 | 7.6% | +3.7% |
| 1999 | 7.3% | -3.4% |
| 2000 | 7.4% | +0.6% |
| 2001 | 6.0% | -19.1% |
| 2002 | 7.7% | +29.5% |
| 2003 | 8.7% | +12.2% |
| 2004 | 6.9% | -20.8% |
| 2005 | 7.2% | +4.9% |
| 2006 | 6.9% | -4.1% |
| 2007 | 6.6% | -3.9% |
| 2008 | 6.3% | -5.0% |
| 2009 | 7.7% | +22.5% |
| 2010 | 7.5% | -2.9% |
| 2011 | 7.6% | +1.0% |
| 2012 | 6.9% | -9.3% |
| 2013 | 6.6% | -3.5% |
| 2014 | 6.8% | +2.4% |
| 2015 | 7.1% | +5.1% |
| 2016 | 7.1% | -0.6% |
| 2017 | 6.9% | -3.2% |
| 2018 | 6.5% | -6.0% |
| 2019 | 6.2% | -3.4% |
| 2020 | 5.7% | -9.1% |
| 2021 | 5.4% | -5.2% |
| 2022 | 5.5% | +3.2% |
| 2023 | 6.0% | +8.7% |
| 2024 | 5.9% | -1.6% |
| 2025 | 5.9% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.7% | 8.7% | 10.7% | 8 |
| 1990s | 7.7% | 6.3% | 8.9% | 10 |
| 2000s | 7.1% | 6.0% | 8.7% | 10 |
| 2010s | 6.9% | 6.2% | 7.6% | 10 |
| 2020s | 5.7% | 5.4% | 6.0% | 6 |
Countries ranked near Grenada
- 55 Trinidad and Tobago 6.0% compare
- 56 Azerbaijan 6.0% compare
- 57 Comoros 6.0% compare
- 59 Panama 5.9% compare
- 60 Saint Vincent and the Grenadines 5.8% compare
- 61 Armenia 5.8% 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 interest rate spread in Grenada?
- Interest rate spread in Grenada was 5.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Grenada?
- The highest recorded value was 10.7% in 1986.
- What is the lowest interest rate spread recorded in Grenada?
- The lowest recorded value was 5.4% in 2021.
- How does Grenada rank for interest rate spread?
- Grenada ranks 58th out of 140 countries with data for 2025.
- Is interest rate spread rising or falling in Grenada?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.