External debt stocks in Grenada
Grenada: External debt stocks was 68.6% in 2024. ▲ Rising
External debt stocks in Grenada, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, external debt stocks in Grenada stood at 68.6%.
That represents a change of down 7.8% on the previous year and down 11.0% over ten years.
Over the whole period, external debt stocks in Grenada peaked at 87.8% in 2021 and was at its lowest, 19.8%, in 1980.
That places Grenada 29th out of 121 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
External debt stocks in Grenada, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1977 | 20.5% | — |
| 1978 | 22.0% | +7.4% |
| 1979 | 22.2% | +1.0% |
| 1980 | 19.8% | -10.9% |
| 1981 | 30.7% | +55.0% |
| 1982 | 37.8% | +23.1% |
| 1983 | 46.0% | +21.6% |
| 1984 | 39.5% | -14.0% |
| 1985 | 36.8% | -7.0% |
| 1986 | 35.9% | -2.5% |
| 1987 | 38.6% | +7.5% |
| 1988 | 39.4% | +2.3% |
| 1989 | 35.6% | -9.9% |
| 1990 | 42.4% | +19.3% |
| 1991 | 42.4% | -0.1% |
| 1992 | 38.5% | -9.2% |
| 1993 | 49.6% | +28.8% |
| 1994 | 41.2% | -16.9% |
| 1995 | 39.0% | -5.3% |
| 1996 | 40.0% | +2.7% |
| 1997 | 31.1% | -22.3% |
| 1998 | 40.7% | +31.0% |
| 1999 | 30.3% | -25.7% |
| 2000 | 41.0% | +35.5% |
| 2001 | 49.2% | +20.0% |
| 2002 | 75.5% | +53.5% |
| 2003 | 68.3% | -9.6% |
| 2004 | 80.5% | +17.8% |
| 2005 | 54.3% | -32.5% |
| 2006 | 67.6% | +24.5% |
| 2007 | 68.0% | +0.6% |
| 2008 | 68.8% | +1.2% |
| 2009 | 78.6% | +14.2% |
| 2010 | 76.7% | -2.4% |
| 2011 | 71.3% | -7.0% |
| 2012 | 77.0% | +8.0% |
| 2013 | 71.8% | -6.7% |
| 2014 | 77.0% | +7.2% |
| 2015 | 68.4% | -11.2% |
| 2016 | 64.6% | -5.6% |
| 2017 | 56.0% | -13.3% |
| 2018 | 55.1% | -1.7% |
| 2019 | 50.2% | -8.9% |
| 2020 | 85.8% | +71.0% |
| 2021 | 87.8% | +2.2% |
| 2022 | 74.5% | -15.1% |
| 2023 | 74.4% | -0.1% |
| 2024 | 68.6% | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.6% | 20.5% | 22.2% | 3 |
| 1980s | 36.0% | 19.8% | 46.0% | 10 |
| 1990s | 39.5% | 30.3% | 49.6% | 10 |
| 2000s | 65.2% | 41.0% | 80.5% | 10 |
| 2010s | 66.8% | 50.2% | 77.0% | 10 |
| 2020s | 78.2% | 68.6% | 87.8% | 5 |
Countries ranked near Grenada
- 26 Saint Vincent and the Grenadines 70.3% compare
- 27 Paraguay 69.7% compare
- 28 Kyrgyzstan 69.2% compare
- 30 Guinea-Bissau 67.1% compare
- 31 Benin 66.6% compare
- 32 Gambia 66.4% compare
More economy & growth data for Grenada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.71 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.22 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 26,856 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.41 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7163 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,672 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.41 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.57 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is external debt stocks in Grenada?
- External debt stocks in Grenada was 68.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Grenada?
- The highest recorded value was 87.8% in 2021.
- What is the lowest external debt stocks recorded in Grenada?
- The lowest recorded value was 19.8% in 1980.
- How does Grenada rank for external debt stocks?
- Grenada ranks 29th out of 121 countries with data for 2024.
- Is external debt stocks rising or falling in Grenada?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.