Private credit by deposit money banks to GDP in Grenada
Grenada: Private credit by deposit money banks to GDP was 57.3% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Grenada, 1977–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks to gdp in Grenada is 57.3%, measured in 2021.
Compared with earlier readings it is down 4.9% on the previous year and down 32.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Grenada peaked at 84.9% in 2011 and was at its lowest, 20.7%, in 1984.
Grenada ranks 70th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Private credit by deposit money banks to GDP in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1977 | 26.3% | — |
| 1978 | 25.2% | -4.4% |
| 1979 | 23.3% | -7.4% |
| 1980 | 24.2% | +3.7% |
| 1981 | 24.1% | -0.4% |
| 1982 | 23.3% | -3.3% |
| 1983 | 21.4% | -8.0% |
| 1984 | 20.7% | -3.4% |
| 1985 | 24.2% | +17.1% |
| 1986 | 30.0% | +24.0% |
| 1987 | 32.5% | +8.3% |
| 1988 | 33.3% | +2.5% |
| 1989 | 37.8% | +13.5% |
| 1990 | 36.1% | -4.7% |
| 1991 | 35.4% | -1.8% |
| 1992 | 37.6% | +6.2% |
| 1993 | 49.4% | +31.5% |
| 1994 | 47.2% | -4.5% |
| 1995 | 47.3% | +0.2% |
| 1996 | 50.0% | +5.6% |
| 1997 | 55.5% | +11.1% |
| 1998 | 56.9% | +2.4% |
| 1999 | 59.0% | +3.7% |
| 2000 | 62.6% | +6.0% |
| 2001 | 63.1% | +0.8% |
| 2002 | 61.4% | -2.6% |
| 2003 | 58.5% | -4.8% |
| 2004 | 61.6% | +5.4% |
| 2005 | 58.0% | -5.9% |
| 2006 | 64.9% | +11.9% |
| 2007 | 68.8% | +6.0% |
| 2008 | 70.1% | +1.9% |
| 2009 | 79.4% | +13.3% |
| 2010 | 84.0% | +5.8% |
| 2011 | 84.9% | +1.1% |
| 2012 | 82.8% | -2.4% |
| 2013 | 74.3% | -10.3% |
| 2014 | 65.2% | -12.2% |
| 2015 | 57.3% | -12.1% |
| 2016 | 53.7% | -6.3% |
| 2017 | 51.0% | -5.0% |
| 2018 | 50.6% | -0.8% |
| 2019 | 50.5% | -0.1% |
| 2020 | 60.3% | +19.2% |
| 2021 | 57.3% | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.9% | 23.3% | 26.3% | 3 |
| 1980s | 27.1% | 20.7% | 37.8% | 10 |
| 1990s | 47.4% | 35.4% | 59.0% | 10 |
| 2000s | 64.8% | 58.0% | 79.4% | 10 |
| 2010s | 65.4% | 50.5% | 84.9% | 10 |
| 2020s | 58.8% | 57.3% | 60.3% | 2 |
Countries ranked near Grenada
- 67 Jamaica 58.1% compare
- 68 Samoa 57.9% compare
- 69 South Africa 57.7% compare
- 71 Greece 56.8% compare
- 72 Russian Federation 56.3% compare
- 73 Costa Rica 56.0% 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 private credit by deposit money banks to gdp in Grenada?
- Private credit by deposit money banks to gdp in Grenada was 57.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Grenada?
- The highest recorded value was 84.9% in 2011.
- What is the lowest private credit by deposit money banks to gdp recorded in Grenada?
- The lowest recorded value was 20.7% in 1984.
- How does Grenada rank for private credit by deposit money banks to gdp?
- Grenada ranks 70th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Grenada?
- Over the last ten years it is down 32.5%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).