Grenada's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) was US$38 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 110.47% from US$18.05 million in 2014 (7.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$38 million | 2024 |
| Five years earlier | US$51.77 million | 2019 |
| Ten years earlier | US$18.05 million | 2014 |
| Highest | US$54.66 million | 2017 |
| Lowest | US$259,000 | 1970 |
| Average since 2015 | US$45.88 million | 2015–2024 |
| First recorded | US$259,000 |
What the numbers say
In 2024, Grenada's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) fell 21.4% on 2023 (from US$48.32 million to US$38 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +11.5% and a typical year strayed about 33.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 217.6% in 1983 and the biggest yearly fall was 67.2% in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Grenada had the 106th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Grenada | US$38 million | 2024 |
| Upper middle income | US$322.86 billion | 2024 |
Closest to Grenada in the 2024 ranking
- Gambia, The — 103rd of 120: US$48.34 million
- Tonga — 104th of 120: US$42.95 million
- St. Vincent and the Grenadines — 105th of 120: US$41.31 million
- Afghanistan — 107th of 120: US$35.06 million
- Liberia — 108th of 120: US$34.82 million
- Samoa — 109th of 120: US$34.24 million
What this measures
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) |
|---|---|
| 2024 | 37,997,816 |
| 2023 | 48,321,816 |
| 2022 | 46,993,121 |
| 2021 | 53,624,351 |
| 2020 | 44,945,356 |
| 2019 | 51,769,960 |
| 2018 | 51,307,919 |
| 2017 | 54,663,187 |
| 2016 | 46,848,639 |
| 2015 | 22,298,003 |
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies
More economic policy & debt data for Grenada
- Total reserves, including gold (current US$) — US$408.15 million (2025)
- Total reserves, excluding gold (current US$) — US$408.15 million (2025)
- External debt stocks, total (DOD, current US$) — US$863.28 million (2024)
- External debt stocks, long-term (DOD, current US$) — US$786.99 million (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$786.99 million (2024)
- Short-term debt (% of total external debt) — 1.82% (2024)
- Net financial flows, bilateral (NFL, current US$) — US$6.5 million (2024)
- IFC, private nonguaranteed (NFL, current US$) — US$0 (2024)
- PPG, official creditors (NFL, current US$)
Reading data like this
Questions people ask
- What is Grenada's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?
- US$38 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 14,571% from US$259,000 in 1970 (9.68% a year on average, compounded). The highest value was US$54.66 million in 2017 and the lowest US$259,000 in 1970.
- How does Grenada rank?
- 106th highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Grenada?
- In 2024, Grenada's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) fell 21.4% on 2023 (from US$48.32 million to US$38 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.5% and a typical year strayed about 33.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in