Grenada: Financial institutions development, depth

* indicates monthly or quarterly data series
 Grenada

Financial institutions development, depth

 Latest value 0.370
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.257
 Min - Max 0.099 - 0.395
 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 0.257 index points with a minimum of 0.099 index points in 1984 and a maximum of 0.395 index points in 2007. The latest value from 2021 is 0.37 index points. For comparison, the world average in 2021 based on 175 countries is 0.291 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 institutions development, depth - Recent values chart

Historical chart
Grenada - Financial institutions development, depth - historical chart - 1980-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See 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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