Short-term debt in Grenada
Grenada: Short-term debt was 1.8% in 2024. ◆ Volatile
Short-term debt in Grenada, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Grenada recorded 1.8% for short-term debt in 2024.
The figure is down 71.0% on the previous year and down 85.3% over ten years.
Over the whole period, short-term debt in Grenada peaked at 37.2% in 1998 and was at its lowest, 0.0%, in 1970.
Grenada ranks 99th of 122 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Grenada, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 6.9% | — |
| 1978 | 5.2% | -24.7% |
| 1979 | 8.9% | +71.0% |
| 1980 | 4.6% | -48.1% |
| 1981 | 5.9% | +26.6% |
| 1982 | 4.4% | -25.1% |
| 1983 | 4.3% | -2.0% |
| 1984 | 3.3% | -23.5% |
| 1985 | 2.8% | -16.4% |
| 1986 | 3.4% | +23.9% |
| 1987 | 4.2% | +23.0% |
| 1988 | 10.6% | +151.9% |
| 1989 | 11.5% | +8.8% |
| 1990 | 11.4% | -1.1% |
| 1991 | 11.0% | -3.7% |
| 1992 | 9.8% | -10.7% |
| 1993 | 28.9% | +195.4% |
| 1994 | 12.0% | -58.6% |
| 1995 | 11.4% | -4.7% |
| 1996 | 14.8% | +29.6% |
| 1997 | 6.8% | -53.8% |
| 1998 | 37.2% | +444.4% |
| 1999 | 17.2% | -53.9% |
| 2000 | 8.8% | -48.7% |
| 2001 | 21.1% | +139.9% |
| 2002 | 20.4% | -3.3% |
| 2003 | 17.1% | -16.0% |
| 2004 | 16.8% | -1.7% |
| 2005 | 2.0% | -87.9% |
| 2006 | 7.3% | +257.4% |
| 2007 | 9.2% | +27.1% |
| 2008 | 11.9% | +29.2% |
| 2009 | 6.9% | -42.3% |
| 2010 | 6.7% | -2.6% |
| 2011 | 3.0% | -55.6% |
| 2012 | 12.0% | +304.3% |
| 2013 | 7.9% | -34.2% |
| 2014 | 12.4% | +56.3% |
| 2015 | 3.2% | -74.5% |
| 2016 | 4.3% | +36.2% |
| 2017 | 3.9% | -8.9% |
| 2018 | 2.9% | -26.3% |
| 2019 | 2.5% | -12.4% |
| 2020 | 12.2% | +384.8% |
| 2021 | 13.4% | +9.3% |
| 2022 | 7.6% | -43.4% |
| 2023 | 6.3% | -17.2% |
| 2024 | 1.8% | -71.0% |
Grenada compared with similar countries
- Grenada's 1.8% is below the median for upper middle income countries, which is 11.8%, 15% of the median. (52 countries reporting)
- Grenada's 1.8% is below the median for Latin America & Caribbean, which is 9.1%, 20% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +444.4% | 6.8% | 37.2% |
| 2020 | +384.8% | 2.5% | 12.2% |
| 2012 | +304.3% | 3.0% | 12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.1% | 0.0% | 8.9% | 10 |
| 1980s | 5.5% | 2.8% | 11.5% | 10 |
| 1990s | 16.0% | 6.8% | 37.2% | 10 |
| 2000s | 12.2% | 2.0% | 21.1% | 10 |
| 2010s | 5.9% | 2.5% | 12.4% | 10 |
| 2020s | 8.3% | 1.8% | 13.4% | 5 |
Countries ranked near Grenada
More external debt data for Grenada
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 3.0% (2024)
- Net financial flows, IDA 26.48 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 225.88 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0196 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 3,000 NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.4% (2024)
Frequently asked questions
- What is short-term debt in Grenada?
- Short-term debt in Grenada was 1.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Grenada?
- The highest recorded value was 37.2% in 1998.
- What is the lowest short-term debt recorded in Grenada?
- The lowest recorded value was 0.0% in 1970.
- How does Grenada rank for short-term debt?
- Grenada ranks 99th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Grenada?
- Over the last ten years it is down 85.3%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.