Grenada's short-term debt (% of total reserves) was 3.7% in 2024, the latest year in the World Bank's World Development Indicators. That is down 42.78 percentage points from 46.48% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.7% | 2024 |
| Five years earlier | 5.86% | 2019 |
| Ten years earlier | 46.48% | 2014 |
| Highest | 160.58% | 1993 |
| Lowest | 3.7% | 2024 |
| Average since 2015 | 15.07% | 2015–2024 |
| First recorded | 7.88% | 1977 |
What the numbers say
In 2024, Grenada's short-term debt (% of total reserves) fell 9.97 percentage points on 2023 (from 13.68% to 3.7%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −4.9 percentage points and a typical year strayed about 41.28 percentage points from that (the standard deviation). This year's change was 0.1 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 118.17 percentage points in 1998 and the biggest yearly fall was 110.61 percentage points in 1994. 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 2% 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 80th highest value of the 96 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 | 3.7% | 2024 |
| Latin America & Caribbean | 29.52% | 2024 |
| Upper middle income | 37.87% | 2024 |
Closest to Grenada in the 2024 ranking
- Haiti — 77th of 96: 4.76%
- Solomon Islands — 78th of 96: 4.26%
- Botswana — 79th of 96: 4.19%
- Madagascar — 81st of 96: 3.65%
- Serbia — 82nd of 96: 3.28%
- Papua New Guinea — 83rd of 96: 3.27%
What this measures
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.
Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 48 values
| Year | Short-term debt (% of total reserves) |
|---|---|
| 2024 | 3.7 |
| 2023 | 13.68 |
| 2022 | 17.39 |
| 2021 | 34.54 |
| 2020 | 34.83 |
| 2019 | 5.86 |
| 2018 | 7.16 |
| 2017 | 11.07 |
| 2016 | 12.89 |
| 2015 | 9.59 |
| 2014 |
Short-term debt (% of total reserves) 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 short-term debt (% of total reserves)?
- 3.7% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is down 4.18 percentage points from 7.88% in 1977. The highest value was 160.58% in 1993 and the lowest 3.7% in 2024.
- How does Grenada rank?
- 80th highest of 96 economies with data for 2024.
- Is the latest change in short-term debt (% of total reserves) unusual for Grenada?
- In 2024, Grenada's short-term debt (% of total reserves) fell 9.97 percentage points on 2023 (from 13.68% to 3.7%). Across the 30 yearly changes before that (1994 to 2023), the average change was −4.9 percentage points and a typical year strayed about 41.28 percentage points from that (the standard deviation). This year's change was 0.1 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.DOD.DSTC.IR.ZS, licensed CC BY 4.0. Original source: World Development Indicators, World Bank (WB); International Monetary Fund (IMF), type: Balance of Payments Statistics Yearbook and data files; World Bank (WB), type: GDP estimates; Organisation for Economic Co-operation and Development (OECD), type: GDP estimates 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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