Grenada's PPG, IDA (DOD, current US$) was US$259.99 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 292.89% from US$66.17 million in 2014 (14.66% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$259.99 million | 2024 |
| Five years earlier | US$122.77 million | 2019 |
| Ten years earlier | US$66.17 million | 2014 |
| Highest | US$259.99 million | 2024 |
| Lowest | US$0 | 1985 |
| Average since 2015 | US$151.84 million | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Grenada's PPG, IDA (DOD, current US$) rose US$24.16 million on 2023 (from US$235.83 million to US$259.99 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$7.63 million and a typical year strayed about US$10.4 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$36.18 million in 2023 and the biggest yearly fall was US$330,000 in 2001. 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 the straight-line trend is upward, about US$21.07 million a year. A straight line explains 97% of the movement over 10 observed years.
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 58th highest value of the 94 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$259.99 million | 2024 |
| Upper middle income | US$12.23 billion | 2024 |
Closest to Grenada in the 2024 ranking
- Angola — 55th of 94: US$283.42 million
- Afghanistan — 56th of 94: US$279.74 million
- Kosovo — 57th of 94: US$276.57 million
- St. Vincent and the Grenadines — 59th of 94: US$243.87 million
- St. Lucia — 60th of 94: US$226.44 million
- Sudan — 61st of 94: US$217.94 million
What this measures
Public and publicly guaranteed debt outstanding from the International Development Association (IDA) is concessional. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 40 values
| Year | PPG, IDA (DOD, current US$) |
|---|---|
| 2024 | 259,989,000 |
| 2023 | 235,826,000 |
| 2022 | 199,647,000 |
| 2021 | 177,808,000 |
| 2020 | 152,101,000 |
| 2019 | 122,773,000 |
| 2018 | 121,993,000 |
| 2017 | 92,058,000 |
| 2016 | 78,518,000 |
| 2015 | 77,697,000 |
| 2014 |
PPG, IDA (DOD, current US$) in nearby economies
- Bolivia — US$700.04 million (2024)
- Dominica — US$166.61 million (2024)
- Dominican Republic — US$0 (2022)
- Ecuador — US$0 (2023)
- El Salvador — US$360,000 (2024)
- Guyana — US$185.97 million (2024)
- Honduras — US$1.11 billion (2024)
- Nicaragua — US$973.95 million (2024)
- Paraguay — US$300,000 (2024)
- St. Lucia — US$226.44 million (2024)
- St. Vincent and the Grenadines — US$243.87 million (2024)
More economic policy & debt data for Grenada
- Total reserves, including gold (current US$) — 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 PPG, IDA (DOD, current US$)?
- US$259.99 million in 2024, according to the World Bank (World Development Indicators).
- How does Grenada rank?
- 58th highest of 94 economies with data for 2024.
- Is the latest change in PPG, IDA (DOD, current US$) unusual for Grenada?
- In 2024, Grenada's PPG, IDA (DOD, current US$) rose US$24.16 million on 2023 (from US$235.83 million to US$259.99 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$7.63 million and a typical year strayed about US$10.4 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.DOD.MIDA.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.
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