Total debt service in Grenada
Grenada: Total debt service was 4.9% in 2024. ▲ Rising
Total debt service in Grenada, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Grenada stood at 4.9%.
Compared with earlier readings it is down 26.4% on the previous year and up 13.8% over ten years.
Over the whole period, total debt service in Grenada peaked at 14.3% in 2002 and was at its lowest, 2.1%, in 1977.
That places Grenada 103rd out of 120 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Total debt service in Grenada, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1977 | 2.1% | — |
| 1978 | 3.3% | +56.0% |
| 1979 | 4.8% | +44.3% |
| 1980 | 6.0% | +25.7% |
| 1981 | 3.9% | -36.1% |
| 1982 | 7.4% | +90.7% |
| 1983 | 11.8% | +60.3% |
| 1984 | 12.4% | +5.3% |
| 1985 | 11.5% | -7.7% |
| 1986 | 8.3% | -27.4% |
| 1987 | 7.2% | -13.0% |
| 1988 | 8.1% | +11.8% |
| 1989 | 5.2% | -36.0% |
| 1990 | 4.3% | -16.5% |
| 1991 | 4.0% | -8.3% |
| 1992 | 6.3% | +58.6% |
| 1993 | 7.9% | +25.8% |
| 1994 | 7.3% | -7.8% |
| 1995 | 6.2% | -15.0% |
| 1996 | 6.1% | -0.9% |
| 1997 | 5.1% | -16.3% |
| 1998 | 6.7% | +30.9% |
| 1999 | 5.4% | -20.5% |
| 2000 | 6.1% | +13.3% |
| 2001 | 8.0% | +32.7% |
| 2002 | 14.3% | +77.9% |
| 2003 | 14.2% | -0.8% |
| 2004 | 14.1% | -1.0% |
| 2005 | 5.1% | -63.6% |
| 2006 | 6.6% | +29.4% |
| 2007 | 5.9% | -10.5% |
| 2008 | 6.1% | +2.6% |
| 2009 | 6.6% | +7.9% |
| 2010 | 7.4% | +12.4% |
| 2011 | 6.6% | -10.7% |
| 2012 | 3.6% | -46.0% |
| 2013 | 5.1% | +43.2% |
| 2014 | 4.3% | -16.2% |
| 2015 | 5.1% | +20.5% |
| 2016 | 9.7% | +88.6% |
| 2017 | 10.0% | +3.5% |
| 2018 | 8.8% | -11.9% |
| 2019 | 8.0% | -9.3% |
| 2020 | 11.1% | +38.9% |
| 2021 | 10.3% | -7.2% |
| 2022 | 7.3% | -29.0% |
| 2023 | 6.6% | -10.1% |
| 2024 | 4.9% | -26.4% |
Grenada compared with similar countries
- Grenada's 4.9% is below the median for upper middle income countries, which is 14.4%, 34% of the median. (51 countries reporting)
- Grenada's 4.9% is below the median for Latin America & Caribbean, which is 19.8%, 25% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.4% | 2.1% | 4.8% | 3 |
| 1980s | 8.2% | 3.9% | 12.4% | 10 |
| 1990s | 5.9% | 4.0% | 7.9% | 10 |
| 2000s | 8.7% | 5.1% | 14.3% | 10 |
| 2010s | 6.9% | 3.6% | 10.0% | 10 |
| 2020s | 8.0% | 4.9% | 11.1% | 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 total debt service in Grenada?
- Total debt service in Grenada was 4.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Grenada?
- The highest recorded value was 14.3% in 2002.
- What is the lowest total debt service recorded in Grenada?
- The lowest recorded value was 2.1% in 1977.
- How does Grenada rank for total debt service?
- Grenada ranks 103rd out of 120 countries with data for 2024.
- Is total debt service rising or falling in Grenada?
- Over the last ten years it is up 13.8%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.