Money market Rate, Percent per annum in Grenada
Grenada: Money market Rate, Percent per annum was 6.89 in 2016. ▲ Rising
Money market Rate, Percent per annum in Grenada, 2001–2016
Source: International Monetary Fund.
Analysis
The most recent figure for money market rate, percent per annum in Grenada is 6.89, measured in 2016. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 44.8% over ten years.
Over the whole period, money market rate, percent per annum in Grenada peaked at 6.89 in 2016 and was at its lowest, 4.01, in 2005.
Grenada ranks 27th of 94 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Money market Rate, Percent per annum in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 6.81 | — |
| 2002 | 6.32 | -7.3% |
| 2003 | 6.07 | -3.9% |
| 2004 | 4.67 | -23.0% |
| 2005 | 4.01 | -14.1% |
| 2006 | 4.76 | +18.6% |
| 2007 | 5.24 | +10.1% |
| 2008 | 4.93 | -5.8% |
| 2009 | 6.03 | +22.3% |
| 2010 | 6.36 | +5.4% |
| 2011 | 5.68 | -10.6% |
| 2012 | 5.2 | -8.6% |
| 2013 | 6.28 | +20.9% |
| 2014 | 6.19 | -1.5% |
| 2015 | 6.44 | +4.0% |
| 2016 | 6.89 | +7.0% |
Grenada compared with similar countries
- Grenada's 6.89 is above the median for upper middle income countries, which is 6.74, 1.0× the median. (32 countries reporting)
- Grenada's 6.89 is above the median for Latin America & Caribbean, which is 6.89, 1.0× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.43 | 4.01 | 6.81 | 9 |
| 2010s | 6.15 | 5.2 | 6.89 | 7 |
Countries ranked near Grenada
- 24 South Africa 7.26 compare
- 25 Namibia 7.05 compare
- 26 Armenia 7.01 compare
- 27 Anguilla 6.89 compare
- 27 Antigua and Barbuda 6.89 compare
- 27 Dominica 6.89 compare
- 27 Saint Kitts and Nevis 6.89 compare
- 27 Saint Lucia 6.89 compare
- 27 Montserrat 6.89 compare
- 27 Saint Vincent and the Grenadines 6.89 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 money market rate, percent per annum in Grenada?
- Money market rate, percent per annum in Grenada was 6.89 in 2016, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Grenada?
- The highest recorded value was 6.89 in 2016.
- What is the lowest money market rate, percent per annum recorded in Grenada?
- The lowest recorded value was 4.01 in 2005.
- How does Grenada rank for money market rate, percent per annum?
- Grenada ranks 27th out of 94 countries with data for 2016.
- Is money market rate, percent per annum rising or falling in Grenada?
- Over the last ten years it is up 44.8%. 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 Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.