Grenada: External debt

* indicates monthly or quarterly data series
 Grenada

External debt, percent of Gross National Income

 Latest value 60.32
 Year 2022
 Measure percent
 Data availability 1977 - 2022
 Average 50.72
 Min - Max 19.81 - 80.46
 Source The World Bank
For that indicator, we provide data for Grenada from 1977 to 2022. The average value for Grenada during that period was 50.72 percent with a minimum of 19.81 percent in 1980 and a maximum of 80.46 percent in 2004. The latest value from 2022 is 60.32 percent. For comparison, the world average in 2022 based on 113 countries is 56.76 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Grenada - External debt - Recent values chart

Historical chart
Grenada - External debt - historical chart - 1977-2022




The external debt of Grenada and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: 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.

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 Related indicators Latest value Reference Measure
 Terms of trade 86.09 2021 percent
 Financial openness -1.242 2021 index points
 Foreign Direct Investment, percent of GDP 12.85 2022 percent
 Foreign Direct Investment, billion dollars 0.16 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2023 million dollars (current)
 Current account, percent of GDP -13.02 2021 percent
 Current account, in dollars -0.18 2023 billion U.S. dollars
 Trade balance, in dollars -0.12 2023 billion U.S. dollars
 Reserves 0.37 2022 billion U.S. dollars
 Remittances, percent of GDP 5.71 2022 percent
 Remittances 69.45 2022 million U.S. dollars
 Net errors and omissions -18.97 2023 million USD
 External debt 60.32 2022 percent
 Short-term external debt 9.65 2022 percent
 Short-term debt to reserves 17.40 2022 percent
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