Grenada: Lending interest rate

* indicates monthly or quarterly data series
 Grenada

Interest rates on bank credit to the private sector

 Latest value 6.93
 Year 2023
 Measure percent
 Data availability 1982 - 2023
 Average 10.48
 Min - Max 6.44 - 13.50
 Source The World Bank
The latest value from 2023 is 6.93 percent, an increase from 6.44 percent in 2022. In comparison, the world average is 14.19 percent, based on data from 83 countries. Historically, the average for Grenada from 1982 to 2023 is 10.48 percent. The minimum value, 6.44 percent, was reached in 2022 while the maximum of 13.5 percent was recorded in 1986. 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 data
Grenada - Lending interest rate - Recent values chart

Historical series
Grenada - Lending interest rate - historical chart - 1982-2023




The lending interest rate in Grenada shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

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International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Lending-deposit interest rate spread 5.67 2020 interest rate points
 Non-performing loans 2.94 2021 percent
 Bank credit to deposits 64.40 2021 percent
 Regulatory capital to risk-weighted assets 12.24 2014 percent
 Banking system capital to assets 9.23 2014 percent
 Lending interest rate 6.93 2023 percent
 Real interest rate 3.94 2023 percent
 Legal rights 6.00 2019 points
 Credit information sharing 0.00 2019 points
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