Lending interest rate in Grenada
Grenada: Lending interest rate was 6.9% in 2025. ▼ Falling
Lending interest rate in Grenada, 1982–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Grenada is 6.9%, measured in 2025.
That represents a change of down 0.4% on the previous year and down 23.5% over ten years.
Over the whole period, lending interest rate in Grenada peaked at 13.5% in 1986 and was at its lowest, 6.4%, in 2022.
That places Grenada 94th out of 149 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.
Lending interest rate in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1982 | 12.3% | — |
| 1983 | 12.3% | +0.0% |
| 1984 | 12.3% | +0.0% |
| 1985 | 13.4% | +8.7% |
| 1986 | 13.5% | +0.7% |
| 1987 | 13.3% | -1.4% |
| 1988 | 12.3% | -7.4% |
| 1989 | 12.3% | +0.0% |
| 1990 | 12.3% | +0.0% |
| 1991 | 12.3% | -0.2% |
| 1992 | 12.0% | -2.3% |
| 1993 | 11.8% | -1.6% |
| 1994 | 11.0% | -6.8% |
| 1995 | 11.1% | +0.4% |
| 1996 | 10.0% | -9.8% |
| 1997 | 11.2% | +12.5% |
| 1998 | 11.7% | +4.4% |
| 1999 | 11.6% | -0.9% |
| 2000 | 11.6% | -0.2% |
| 2001 | 10.2% | -12.2% |
| 2002 | 11.3% | +11.0% |
| 2003 | 12.0% | +6.5% |
| 2004 | 10.2% | -15.5% |
| 2005 | 10.1% | -1.2% |
| 2006 | 9.9% | -2.1% |
| 2007 | 9.8% | -1.0% |
| 2008 | 9.5% | -2.3% |
| 2009 | 11.0% | +15.4% |
| 2010 | 10.6% | -3.8% |
| 2011 | 10.7% | +1.0% |
| 2012 | 9.7% | -9.0% |
| 2013 | 9.3% | -4.7% |
| 2014 | 9.2% | -0.9% |
| 2015 | 9.0% | -2.4% |
| 2016 | 8.6% | -3.7% |
| 2017 | 8.3% | -3.7% |
| 2018 | 7.8% | -5.7% |
| 2019 | 7.6% | -3.4% |
| 2020 | 6.8% | -9.7% |
| 2021 | 6.5% | -4.2% |
| 2022 | 6.4% | -1.6% |
| 2023 | 6.9% | +7.6% |
| 2024 | 6.9% | -0.6% |
| 2025 | 6.9% | -0.4% |
Grenada compared with similar countries
- Grenada's 6.9% is below the median for upper middle income countries, which is 8.8%, 78% of the median. (49 countries reporting)
- Grenada's 6.9% is below the median for Latin America & Caribbean, which is 8.8%, 78% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.7% | 12.3% | 13.5% | 8 |
| 1990s | 11.5% | 10.0% | 12.3% | 10 |
| 2000s | 10.6% | 9.5% | 12.0% | 10 |
| 2010s | 9.1% | 7.6% | 10.7% | 10 |
| 2020s | 6.7% | 6.4% | 6.9% | 6 |
Countries ranked near Grenada
- 91 Saint Vincent and the Grenadines 7.1% compare
- 92 Panama 6.9% compare
- 93 Costa Rica 6.9% compare
- 95 Kosovo 6.7% compare
- 95 Kosovo (UNSCR 1244) 6.7% compare
- 97 Saint Kitts and Nevis 6.5% 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 lending interest rate in Grenada?
- Lending interest rate in Grenada was 6.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Grenada?
- The highest recorded value was 13.5% in 1986.
- What is the lowest lending interest rate recorded in Grenada?
- The lowest recorded value was 6.4% in 2022.
- How does Grenada rank for lending interest rate?
- Grenada ranks 94th out of 149 countries with data for 2025.
- Is lending interest rate rising or falling in Grenada?
- Over the last ten years it is down 23.5%. 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 Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.