Grenada: Financial development
* indicates monthly or quarterly data series
| Grenada |
Financial development |
|---|---|
| Latest value | 0.309 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.266 |
| Min - Max | 0.166 - 0.348 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.309 index points, an increase from 0.305 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Grenada from 1980 to 2021 is 0.266 index points. The minimum value, 0.166 index points, was reached in 1982 while the maximum of 0.348 index points was recorded in 2006.
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Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Financial development | 0.309 | 2021 | index points |
| Financial institutions development | 0.510 | 2021 | index points |
| Financial institutions development, depth | 0.370 | 2021 | index points |
| Financial institutions development, access | 0.438 | 2021 | index points |
| Financial institutions development, efficiency | 0.593 | 2021 | index points |
| Financial markets development | 0.097 | 2021 | index points |
| Financial markets development, depth | 0.255 | 2021 | index points |