Grenada: Real interest rate
* indicates monthly or quarterly data series
| Grenada |
Real interest rate: Bank lending rate minus inflation |
|---|---|
| Latest value | 3.94 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1982 - 2023 |
| Average | 7.41 |
| Min - Max | 1.56 - 12.31 |
| Source | The International Monetary Fund |
The latest value from 2023 is 3.94 percent, a decline from 4.74 percent in 2022. In comparison, the world average is 4.25 percent, based on data from 81 countries. Historically, the average for Grenada from 1982 to 2023 is 7.41 percent. The minimum value, 1.56 percent, was reached in 2008 while the maximum of 12.31 percent was recorded in 1990.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
Selected articles from our guide:
What factors determine the exchange rates
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 |