Grenada: Financial institutions development, efficiency

The latest value from 2021 is 0.593 index points, an increase from 0.56 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Grenada from 1980 to 2021 is 0.523 index points. The minimum value, 0.364 index points, was reached in 1986 while the maximum of 0.73 index points was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.