Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Grenada
Grenada: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 1.38 billion in 2024. ▲ Rising
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Grenada, 2004–2024
Source: International Monetary Fund.
Analysis
In 2024, outstanding loans, commercial banks, of which: household sector loans in Grenada stood at 1.38 billion. That is the highest value across all 21 years on record.
That represents a change of up 6.6% on the previous year and up 23.3% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Grenada peaked at 1.38 billion in 2024 and was at its lowest, 628.44 million, in 2004.
That places Grenada 119th out of 134 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 628.44 million | — |
| 2005 | 713.05 million | +13.5% |
| 2006 | 776.24 million | +8.9% |
| 2007 | 885.94 million | +14.1% |
| 2008 | 995.28 million | +12.3% |
| 2009 | 1.09 billion | +9.2% |
| 2010 | 1.13 billion | +3.9% |
| 2011 | 1.18 billion | +4.0% |
| 2012 | 1.16 billion | -1.1% |
| 2013 | 1.15 billion | -1.3% |
| 2014 | 1.12 billion | -2.5% |
| 2015 | 1.07 billion | -4.0% |
| 2016 | 1.05 billion | -1.8% |
| 2017 | 1.04 billion | -1.6% |
| 2018 | 1.06 billion | +1.7% |
| 2019 | 1.04 billion | -1.5% |
| 2020 | 1.05 billion | +0.9% |
| 2021 | 1.03 billion | -1.6% |
| 2022 | 1.36 billion | +31.3% |
| 2023 | 1.29 billion | -4.6% |
| 2024 | 1.38 billion | +6.6% |
Grenada compared with similar countries
- Grenada's 1.38 billion is below the median for upper middle income countries, which is 162.63 billion, 1% of the median. (46 countries reporting)
- Grenada's 1.38 billion is below the median for Latin America & Caribbean, which is 54.41 billion, 3% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 847.70 million | 628.44 million | 1.09 billion | 6 |
| 2010s | 1.10 billion | 1.04 billion | 1.18 billion | 10 |
| 2020s | 1.22 billion | 1.03 billion | 1.38 billion | 5 |
Countries ranked near Grenada
- 116 Kosovo 2.34 billion compare
- 117 Saint Lucia 2.11 billion compare
- 118 Montenegro 1.97 billion compare
- 120 Saint Kitts and Nevis 1.38 billion compare
- 121 Belize 1.35 billion compare
- 122 Antigua and Barbuda 1.27 billion 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 outstanding loans, commercial banks, of which: household sector loans in Grenada?
- Outstanding loans, commercial banks, of which: household sector loans in Grenada was 1.38 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Grenada?
- The highest recorded value was 1.38 billion in 2024.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Grenada?
- The lowest recorded value was 628.44 million in 2004.
- How does Grenada rank for outstanding loans, commercial banks, of which: household sector loans?
- Grenada ranks 119th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Grenada?
- Over the last ten years it is up 23.3%. 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 Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.