Grenada Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Grenada's interest rate spread was 6.07% in 2025, ranked 36th globally. This represents a 2.3% increase from 2024. Data from World Bank, covering 1982–2025.
Overview
Grenada's interest rate spread stood at 6.07% in 2025, a rise of +0.13pp from 2024. Based on recent trends, this figure is projected to reach 6.07% by 2025. Grenada ranked 36th globally.
Grenada’s interest‑rate spread has narrowed markedly since the early 1980s, falling from an earliest recorded 10.14 % in 1982 to a trough of 5.37 % in 2021, before rising modestly to 6.07 % in 2025, the 36th‑highest level among 190 economies. The spread peaked at 10.68 % in 1986, a period of high global inflation and domestic fiscal tightening, and has since trended downward as monetary policy has become more accommodative and financial markets have deepened. By 2025 Grenada’s spread sits just above Cabo Verde’s 6.04 % and below Argentina’s 6.18 %, indicating a relatively moderate cost of borrowing differential in the Caribbean and emerging‑market context. The recent uptick reflects tighter policy rates amid rising external financing costs, but if inflation pressures ease and credit growth remains stable, the spread could resume its long‑term contraction, further aligning Grenada with its peers.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.31% | - | - |
| 2026* trend | 6.19% | - | - |
| 2025* trend | 6.07% | - | - |
| 2025 | 6.07% | +0.13pp | #36 |
| 2024 | 5.93% | −0.10pp | #46 |
| 2023 | 6.03% | +0.48pp | #53 |
| 2022 | 5.55% | +0.17pp | #47 |
| 2021 | 5.37% | −0.29pp | #52 |
| 2020 | 5.67% | −0.57pp | #55 |
| 2019 | 6.23% | −0.22pp | #59 |
| 2018 | 6.45% | −0.41pp | #63 |
| 2017 | 6.87% | −0.23pp | #75 |
| 2016 | 7.10% | −0.04pp | #78 |
| 2015 | 7.13% | +0.35pp | #82 |
| 2014 | 6.79% | +0.16pp | #81 |
| 2013 | 6.63% | −0.24pp | #78 |
| 2012 | 6.87% | −0.71pp | #79 |
| 2011 | 7.57% | +0.08pp | #80 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's interest rate spread was 6.07% in 2025. Ranked 36th globally. This represents a 2.3% increase from the previous year.
Grenada's interest rate spread peaked at 10.68% in 1986.
The lowest interest rate spread in Grenada was 5.37% in 2021.
Grenada ranks 36th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Grenada's interest rate spread is projected to reach 6.07% by 2025 based on trend extrapolation.
The interest rate spread of Grenada in 2025 was 6.07%. This ranks 36th in the world.
Cite this page
@misc{historysaid_grenada_interest-rate-spread,
title = {Grenada Interest Rate Spread},
url = {https://historysaid.com/grenada/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}