Grenada's monetary sector credit to private sector (% of GDP) was 57.54% in 2025, the latest year in the World Bank's World Development Indicators. That is up 0.21 percentage points from 57.32% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 57.54% | 2025 |
| Five years earlier | 59.4% | 2020 |
| Ten years earlier | 57.32% | 2015 |
| Highest | 84.88% | 2011 |
| Lowest | 20.68% | 1984 |
| Average since 2016 | 53.95% | 2016–2025 |
| First recorded | 26.33% | 1977 |
What the numbers say
In 2025, Grenada's monetary sector credit to private sector (% of GDP) rose 1.85 percentage points on 2024 (from 55.69% to 57.54%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.28 percentage points and a typical year strayed about 4.73 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 11.83 percentage points in 1993 and the biggest yearly fall was 9.05 percentage points in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 18% 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 2025, Grenada had the 30th highest value of the 104 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 | 57.54% | 2025 |
| World | 90.64% | 2024 |
| Latin America & Caribbean | 48.58% | 2025 |
| Upper middle income | 136.85% | 2024 |
Closest to Grenada in the 2025 ranking
- South Africa — 26th of 104: 59.2%
- Tunisia — 27th of 104: 57.69%
- Ecuador — 28th of 104: 57.65%
- West Bank and Gaza — 30th of 104: 56.45%
- Paraguay — 31st of 104: 55.7%
- El Salvador — 32nd of 104: 55%
What this measures
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 49 values
| Year | Monetary sector credit to private sector (% of GDP) |
|---|---|
| 2025 | 57.54 |
| 2024 | 55.69 |
| 2023 | 50.99 |
| 2022 | 53.63 |
| 2021 | 57.32 |
| 2020 | 59.4 |
| 2019 | 49.55 |
| 2018 | 50.65 |
| 2017 | 51.07 |
| 2016 | 53.72 |
| 2015 |
Monetary sector credit to private sector (% of GDP) in nearby economies
- Antigua and Barbuda — 37.42% (2025)
- Argentina — 15.83% (2025)
- Aruba — 58.05% (2023)
- Bahamas, The — 40.51% (2024)
- Barbados — 59.73% (2023)
- Belize — 43.11% (2025)
- Bolivia — 51.75% (2025)
- Brazil — 75.1% (2025)
- Chile — 70.1% (2025)
- Colombia
More financial sector data for Grenada
- DEC alternative conversion factor (LCU per US$) — US$2.7 (2025)
- Official exchange rate (LCU per US$, period average) — US$2.7 (2025)
- Net domestic credit (current LCU) — 1.54 billion (2025)
- Net foreign assets (current LCU) — 2.55 billion (2025)
- Broad money (current LCU) — 3.53 billion (2025)
- Broad money to total reserves ratio — 3.2 (2025)
- Claims on central government (annual growth as % of broad money) — 68.26% (2025)
- Claims on private sector (annual growth as % of broad money) — 62.71% (2025)
- Broad money (annual % growth) — 1,169% (2025)
- Consumer price index (2010 = 100)
Reading data like this
Questions people ask
- What is Grenada's monetary sector credit to private sector (% of GDP)?
- 57.54% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 31.21 percentage points from 26.33% in 1977. The highest value was 84.88% in 2011 and the lowest 20.68% in 1984.
- How does Grenada rank?
- 30th highest of 104 economies with data for 2025.
- Is the latest change in monetary sector credit to private sector (% of GDP) unusual for Grenada?
- In 2025, Grenada's monetary sector credit to private sector (% of GDP) rose 1.85 percentage points on 2024 (from 55.69% to 57.54%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.28 percentage points and a typical year strayed about 4.73 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 FM.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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.
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