Private Sector Credit Statistics in Grenada (2026)
Grenada recorded domestic credit to the private sector of 54.9% of GDP in 2024, World Bank World Development Indicators data show. Up from 51% of GDP in 2023 to 54.9% of GDP in 2024 (+3.9 percentage points). Grenada ranks #12 of 31 economies in Latin America & Caribbean on this measure, and #63 of 160 globally.
Key Statistics
- Latest value (2024)
- 54.9% of GDP (2024)
- Private Sector Credit in Grenada as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +3.9 pp (2024)
- Up from 51% of GDP in 2023 to 54.9% of GDP in 2024 (+3.9 percentage points).
- Earliest value in this dataset (1990)
- 36.1% of GDP (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 36.1% of GDP in 1990 to 54.9% of GDP in 2024.
- Peak value (2011)
- 84.9% of GDP (2011)
- Highest value in the available series; the 2024 value is 54.9% of GDP.
- Rank in Latin America & Caribbean
- #12 of 31 (2024)
- Grenada ranks 12 of 31 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #63 of 160 (2024)
- Grenada ranks 63 of 160 countries with data globally.
- Latin America & Caribbean average
- 47.7% of GDP (2024)
- Grenada (54.9% of GDP) is above the average of 47.7% of GDP across the 31 countries in Latin America & Caribbean with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 54.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 55.4% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Grenada (2024)
- 70.2% (2024)
- 70.2% of the population in Grenada used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 117,207 (2024)
- Grenada had a population of 117,207 in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 54.9% | +3.9 pp |
| 2023 | 51% | −2.6 pp |
| 2022 | 53.6% | −3.7 pp |
| 2021 | 57.3% | −2.1 pp |
| 2020 | 59.4% | +9.9 pp |
| 2019 | 49.5% | −1.1 pp |
| 2018 | 50.6% | −0.4 pp |
| 2017 | 51.1% | −2.7 pp |
| 2016 | 53.7% | −3.6 pp |
| 2015 | 57.3% | −7.9 pp |
| 2014 | 65.2% | −9.1 pp |
| 2013 | 74.3% | −8.5 pp |
| 2012 | 82.8% | −2.1 pp |
| 2011 | 84.9% | +0.9 pp |
| 2010 | 84% | +4.6 pp |
| 2009 | 79.4% | +9.3 pp |
| 2008 | 70.1% | +1.3 pp |
| 2007 | 68.8% | +3.9 pp |
| 2006 | 64.9% | +6.9 pp |
| 2005 | 58% | −3.7 pp |
| 2004 | 61.6% | +3.2 pp |
| 2003 | 58.5% | −3.0 pp |
| 2002 | 61.4% | −1.6 pp |
| 2001 | 63.1% | +0.5 pp |
| 2000 | 62.6% | +3.6 pp |
| 1999 | 59% | +2.1 pp |
| 1998 | 56.9% | +1.3 pp |
| 1997 | 55.5% | +5.5 pp |
| 1996 | 50% | +2.7 pp |
| 1995 | 47.3% | +0.1 pp |
| 1994 | 47.2% | −2.2 pp |
| 1993 | 49.4% | +11.8 pp |
| 1992 | 37.6% | +2.2 pp |
| 1991 | 35.4% | −0.7 pp |
| 1990 | 36.1% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Grenada?
Domestic credit to the private sector in Grenada stood at 54.9% of GDP in 2024, according to World Bank World Development Indicators data.
How has private sector credit in Grenada changed over time?
World Bank World Development Indicators data show a rise from 36.1% of GDP in 1990 to 54.9% of GDP in 2024.
How does Grenada compare with other countries in Latin America & Caribbean?
Grenada ranks 12 of 31 countries in Latin America & Caribbean with data, with 54.9% of GDP versus a regional average of 47.7% of GDP (latest values per country).
Where does Grenada rank globally on private sector credit?
Grenada ranks 63 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .