Grenada Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Grenada's credit to gdp was 50.61% in 2025, ranked 63rd globally. This represents a 7.7% decrease from 2024. Data from World Bank, covering 1977–2025.
Overview
Grenada's credit to gdp stood at 50.61% in 2025, a decline of +4.24% from 2024. Based on recent trends, this figure is projected to reach 50.61% by 2025. Grenada ranked 63rd globally.
Grenada’s credit to GDP ratio has risen from a low of 20.68 in 1984 to an all‑time peak of 84.88 in 2011, reflecting a long‑term expansion of external borrowing that coincided with post‑hurricane reconstruction and fiscal consolidation efforts. Over the 49‑year series, the ratio averaged around the mid‑50s, and the 2025 figure of 50.61 places Grenada 63rd in the World Bank’s global ranking, closely aligning with peers such as Peru (50.32) and North Macedonia (52.17). The post‑peak decline from 84.88 to the current level suggests a gradual deleveraging, yet the ratio remains well above the early‑1980s trough, indicating that debt remains a significant component of the economy. Continued improvement in fiscal balances, diversification of export revenues, and resilience to climate shocks will be crucial if Grenada is to sustain the modest downward trend and avoid a reversal toward higher credit reliance.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 47.53% | - | - |
| 2026* trend | 49.07% | - | - |
| 2025* trend | 50.61% | - | - |
| 2025 | 50.61% | −4.24% | #63 |
| 2024 | 54.85% | +3.86% | #75 |
| 2023 | 50.99% | −2.64% | #88 |
| 2022 | 53.63% | −3.69% | #100 |
| 2021 | 57.32% | −2.08% | #104 |
| 2020 | 59.40% | +9.85% | #102 |
| 2019 | 49.55% | −1.10% | #102 |
| 2018 | 50.65% | −0.42% | #102 |
| 2017 | 51.07% | −2.66% | #106 |
| 2016 | 53.72% | −3.60% | #107 |
| 2015 | 57.32% | −7.88% | #120 |
| 2014 | 65.21% | −9.05% | #126 |
| 2013 | 74.26% | −8.55% | #138 |
| 2012 | 82.80% | −2.07% | #140 |
| 2011 | 84.88% | +0.90% | #139 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's credit to gdp was 50.61% in 2025. Ranked 63rd globally. This represents a 7.7% decrease from the previous year.
Grenada's credit to gdp peaked at 84.88% in 2011.
The lowest credit to gdp in Grenada was 20.68% in 1984.
Grenada ranks 63rd globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Grenada's credit to gdp is projected to reach 50.61% by 2025 based on trend extrapolation.
The credit to gdp of Grenada in 2025 was 50.61%. This ranks 63rd in the world.
Cite this page
@misc{historysaid_grenada_credit-to-gdp,
title = {Grenada Credit to GDP},
url = {https://historysaid.com/grenada/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}