Total debt service in Grenada
Grenada: Total debt service was 3.4% in 2024. ▲ Rising
Total debt service in Grenada, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Grenada stood at 3.4%.
Compared with earlier readings it is down 27.7% on the previous year and up 34.0% over ten years.
Over the whole period, total debt service in Grenada peaked at 5.9% in 2017 and was at its lowest, 0.9%, in 1977.
Grenada ranks 71st of 121 countries on this measure, in the middle of the range.
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 GNI | Change |
|---|---|---|
| 1977 | 0.9% | — |
| 1978 | 1.3% | +45.3% |
| 1979 | 2.0% | +53.3% |
| 1980 | 2.2% | +10.0% |
| 1981 | 1.4% | -37.4% |
| 1982 | 2.3% | +72.7% |
| 1983 | 3.7% | +56.5% |
| 1984 | 3.6% | -0.8% |
| 1985 | 3.8% | +5.2% |
| 1986 | 3.5% | -8.2% |
| 1987 | 2.8% | -19.5% |
| 1988 | 3.1% | +10.4% |
| 1989 | 1.8% | -43.6% |
| 1990 | 1.6% | -11.9% |
| 1991 | 1.4% | -12.7% |
| 1992 | 2.1% | +56.8% |
| 1993 | 3.0% | +39.8% |
| 1994 | 3.0% | +1.3% |
| 1995 | 2.4% | -19.3% |
| 1996 | 2.4% | -1.8% |
| 1997 | 2.0% | -17.4% |
| 1998 | 2.7% | +37.4% |
| 1999 | 2.6% | -3.5% |
| 2000 | 3.0% | +14.4% |
| 2001 | 3.6% | +20.4% |
| 2002 | 5.8% | +60.3% |
| 2003 | 5.8% | -0.2% |
| 2004 | 5.5% | -4.1% |
| 2005 | 1.6% | -71.2% |
| 2006 | 2.2% | +41.1% |
| 2007 | 2.7% | +19.8% |
| 2008 | 2.7% | +1.3% |
| 2009 | 3.2% | +18.4% |
| 2010 | 3.6% | +10.2% |
| 2011 | 3.4% | -5.3% |
| 2012 | 2.0% | -41.7% |
| 2013 | 2.8% | +40.3% |
| 2014 | 2.5% | -8.1% |
| 2015 | 3.1% | +20.8% |
| 2016 | 5.4% | +76.5% |
| 2017 | 5.9% | +9.9% |
| 2018 | 5.4% | -9.9% |
| 2019 | 5.0% | -6.3% |
| 2020 | 5.1% | +2.4% |
| 2021 | 5.6% | +9.1% |
| 2022 | 4.7% | -16.3% |
| 2023 | 4.7% | +0.2% |
| 2024 | 3.4% | -27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.4% | 0.9% | 2.0% | 3 |
| 1980s | 2.8% | 1.4% | 3.8% | 10 |
| 1990s | 2.3% | 1.4% | 3.0% | 10 |
| 2000s | 3.6% | 1.6% | 5.8% | 10 |
| 2010s | 3.9% | 2.0% | 5.9% | 10 |
| 2020s | 4.7% | 3.4% | 5.6% | 5 |
Countries ranked near Grenada
- 68 Philippines 3.5% compare
- 69 Zimbabwe 3.4% compare
- 70 Bolivia, Plurinational State of 3.4% compare
- 72 Saint Lucia 3.4% compare
- 73 Kosovo 3.3% compare
- 74 Djibouti 3.3% 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 US$), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8216 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,947 current US$ per person (2025)
- 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)
Frequently asked questions
- What is total debt service in Grenada?
- Total debt service in Grenada was 3.4% 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 5.9% in 2017.
- What is the lowest total debt service recorded in Grenada?
- The lowest recorded value was 0.9% in 1977.
- How does Grenada rank for total debt service?
- Grenada ranks 71st out of 121 countries with data for 2024.
- Is total debt service rising or falling in Grenada?
- Over the last ten years it is up 34.0%. 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 Total debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
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.