Grenada - External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)

The latest value for External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Grenada was $497,828,300 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $551,403,000 in 2016 and $8,931,620 in 1972.

Definition: Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $16,048,000
1971 $9,107,716
1972 $8,931,620
1973 $8,980,952
1974 $9,274,608
1975 $9,577,650
1976 $9,236,862
1977 $11,666,060
1978 $15,439,740
1979 $17,192,920
1980 $17,753,110
1981 $23,742,200
1982 $36,463,230
1983 $48,310,120
1984 $47,586,140
1985 $53,914,380
1986 $60,458,320
1987 $74,877,460
1988 $80,000,010
1989 $80,632,820
1990 $100,016,800
1991 $110,854,600
1992 $105,813,400
1993 $106,145,500
1994 $114,654,200
1995 $113,517,100
1996 $119,875,800
1997 $108,660,500
1998 $108,043,200
1999 $112,966,500
2000 $180,668,400
2001 $184,755,200
2002 $294,919,400
2003 $300,106,700
2004 $346,742,500
2005 $345,175,800
2006 $408,837,800
2007 $433,571,000
2008 $460,266,600
2009 $477,761,300
2010 $476,704,200
2011 $470,557,400
2012 $472,931,800
2013 $495,274,700
2014 $512,968,200
2015 $537,390,200
2016 $551,403,000
2017 $494,989,800
2018 $499,120,700
2019 $476,211,400
2020 $497,828,300

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt