Short-term debt in Grenada
Grenada: Short-term debt was 1.8% in 2024. ◆ Volatile
Short-term debt in Grenada, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, short-term debt in Grenada stood at 1.8%. That is the lowest value across all 48 years on record.
That represents a change of down 71.7% on the previous year and down 88.6% over ten years.
Over the whole period, short-term debt in Grenada peaked at 38.2% in 2002 and was at its lowest, 1.8%, in 2024.
Grenada ranks 99th of 119 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Grenada, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1977 | 3.4% | — |
| 1978 | 3.0% | -13.2% |
| 1979 | 4.8% | +62.5% |
| 1980 | 2.6% | -47.1% |
| 1981 | 5.1% | +100.5% |
| 1982 | 5.2% | +1.8% |
| 1983 | 6.4% | +22.0% |
| 1984 | 4.5% | -30.1% |
| 1985 | 3.0% | -31.8% |
| 1986 | 2.9% | -4.5% |
| 1987 | 4.1% | +42.9% |
| 1988 | 10.8% | +160.9% |
| 1989 | 12.0% | +11.3% |
| 1990 | 13.4% | +11.8% |
| 1991 | 13.6% | +1.1% |
| 1992 | 11.2% | -17.9% |
| 1993 | 38.2% | +242.4% |
| 1994 | 12.0% | -68.7% |
| 1995 | 11.4% | -5.0% |
| 1996 | 15.3% | +34.3% |
| 1997 | 5.6% | -63.6% |
| 1998 | 37.7% | +579.5% |
| 1999 | 10.6% | -71.8% |
| 2000 | 7.3% | -31.2% |
| 2001 | 23.2% | +217.0% |
| 2002 | 38.2% | +64.7% |
| 2003 | 28.8% | -24.5% |
| 2004 | 34.5% | +19.5% |
| 2005 | 3.5% | -89.7% |
| 2006 | 14.4% | +308.1% |
| 2007 | 13.8% | -4.5% |
| 2008 | 18.3% | +32.4% |
| 2009 | 11.0% | -39.9% |
| 2010 | 10.6% | -3.1% |
| 2011 | 4.1% | -61.1% |
| 2012 | 16.7% | +304.0% |
| 2013 | 10.5% | -37.3% |
| 2014 | 16.0% | +52.9% |
| 2015 | 3.6% | -77.4% |
| 2016 | 5.0% | +37.5% |
| 2017 | 3.7% | -25.6% |
| 2018 | 2.6% | -29.1% |
| 2019 | 2.0% | -22.7% |
| 2020 | 22.8% | +1024.7% |
| 2021 | 21.7% | -4.9% |
| 2022 | 8.9% | -59.0% |
| 2023 | 6.5% | -27.0% |
| 2024 | 1.8% | -71.7% |
Grenada compared with similar countries
- Grenada's 1.8% is below the median for upper middle income countries, which is 17.7%, 10% of the median. (51 countries reporting)
- Grenada's 1.8% is below the median for Latin America & Caribbean, which is 14.1%, 13% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +1024.7% | 2.0% | 22.8% |
| 1998 | +579.5% | 5.6% | 37.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 3.0% | 4.8% | 3 |
| 1980s | 5.7% | 2.6% | 12.0% | 10 |
| 1990s | 16.9% | 5.6% | 38.2% | 10 |
| 2000s | 19.3% | 3.5% | 38.2% | 10 |
| 2010s | 7.5% | 2.0% | 16.7% | 10 |
| 2020s | 12.3% | 1.8% | 22.8% | 5 |
Countries ranked near Grenada
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -3.62 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -30.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 170.66 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.11 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1202 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,455 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -3.57 % change on previous year (2025)
Frequently asked questions
- What is short-term debt in Grenada?
- Short-term debt in Grenada was 1.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Grenada?
- The highest recorded value was 38.2% in 2002.
- What is the lowest short-term debt recorded in Grenada?
- The lowest recorded value was 1.8% in 2024.
- How does Grenada rank for short-term debt?
- Grenada ranks 99th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Grenada?
- Over the last ten years it is down 88.6%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.