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
For that indicator, we provide data for Grenada from 1980 to 2021. The average value for Grenada during that period was 0.266 index points with a minimum of 0.166 index points in 1982 and a maximum of 0.348 index points in 2006. The latest value from 2021 is 0.309 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. 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 - Financial development - Recent values chart

Historical chart
Grenada - Financial development - historical chart - 1980-2021




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.


 Related indicators Latest value 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
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