Grenada: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Grenada

Financial institutions development, efficiency

 Latest value 0.593
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.523
 Min - Max 0.364 - 0.730
 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 0.523 index points with a minimum of 0.364 index points in 1986 and a maximum of 0.73 index points in 2006. The latest value from 2021 is 0.593 index points. For comparison, the world average in 2021 based on 178 countries is 0.585 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, efficiency - Recent values chart

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




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.


 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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