Grenada Lending Rate
Lending interest rate FR.INR.LEND
Grenada's lending rate was 6.87% in 2025, ranked 69th globally. This represents a 0.2% decrease from 2024. Data from World Bank, covering 1982–2025.
Overview
Grenada's lending rate stood at 6.87% in 2025, a decline of +0.01pp from 2024. Based on recent trends, this figure is projected to reach 6.87% by 2025. Grenada ranked 69th globally.
Grenada’s lending rate has fallen sharply over the 44‑year series, sliding from an early‑period high of 12.33% in 1982 to a record low of 6.44% in 2022, before edging slightly higher to 6.87% in 2025, which places the island at rank 69 globally. The all‑time peak of 13.50% was recorded in 1986, reflecting the tight monetary conditions of the mid‑1980s, while the recent trough in 2022 signalled a sustained easing of credit costs. Compared with peer small‑state economies, Grenada’s 2025 rate is marginally above Panama’s 6.91% and Botswana’s 6.78%, and just above St. Vincent and the Grenadines’ 6.77%, suggesting a competitive positioning within the region. The modest uptick from the 2022 trough may be linked to incremental policy adjustments as inflation pressures re‑emerge, but the long‑term trajectory remains downward, and further reductions could be expected if global interest‑rate environments stay accommodative.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.97% | - | - |
| 2026* trend | 6.92% | - | - |
| 2025* trend | 6.87% | - | - |
| 2025 | 6.87% | −0.01pp | #69 |
| 2024 | 6.89% | −0.04pp | #27 |
| 2023 | 6.93% | +0.49pp | #28 |
| 2022 | 6.44% | −0.11pp | #24 |
| 2021 | 6.55% | −0.29pp | #38 |
| 2020 | 6.83% | −0.74pp | #38 |
| 2019 | 7.57% | −0.26pp | #38 |
| 2018 | 7.84% | −0.48pp | #42 |
| 2017 | 8.31% | −0.32pp | #58 |
| 2016 | 8.64% | −0.33pp | #61 |
| 2015 | 8.96% | −0.22pp | #64 |
| 2014 | 9.19% | −0.08pp | #66 |
| 2013 | 9.27% | −0.46pp | #63 |
| 2012 | 9.73% | −0.96pp | #63 |
| 2011 | 10.69% | +0.11pp | #72 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's lending rate was 6.87% in 2025. Ranked 69th globally. This represents a 0.2% decrease from the previous year.
Grenada's lending rate peaked at 13.50% in 1986.
The lowest lending rate in Grenada was 6.44% in 2022.
Grenada ranks 69th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Grenada's lending rate is projected to reach 6.87% by 2025 based on trend extrapolation.
The lending rate of Grenada in 2025 was 6.87%. This ranks 69th in the world.
Cite this page
@misc{historysaid_grenada_lending-rate,
title = {Grenada Lending Rate},
url = {https://historysaid.com/grenada/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}