Grenada - External debt stocks, short-term (DOD, current US$)

The latest value for External debt stocks, short-term (DOD, current US$) in Grenada was $102,156,000 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between $102,156,000 in 2020 and $1,000,000 in 1977.

Definition: Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1977 $1,000,000
1978 $1,000,000
1979 $2,000,000
1980 $1,000,000
1981 $2,000,000
1982 $2,000,000
1983 $2,523,667
1984 $1,834,993
1985 $1,648,394
1986 $2,231,578
1987 $3,376,782
1988 $9,609,969
1989 $10,556,890
1990 $12,855,180
1991 $13,647,630
1992 $11,485,280
1993 $43,195,740
1994 $15,605,830
1995 $14,628,930
1996 $20,813,580
1997 $7,980,044
1998 $64,114,990
1999 $23,657,720
2000 $17,540,780
2001 $49,728,540
2002 $75,902,370
2003 $63,233,770
2004 $72,319,470
2005 $7,352,466
2006 $32,836,300
2007 $44,965,360
2008 $64,217,090
2009 $38,301,080
2010 $37,576,800
2011 $15,825,920
2012 $70,829,170
2013 $46,449,460
2014 $78,989,800
2015 $18,988,260
2016 $26,773,890
2017 $22,036,560
2018 $16,731,000
2019 $13,847,120
2020 $102,156,000

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