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

The latest value for External debt stocks, total (DOD, current US$) in Grenada was $644,940,400 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $644,940,400 in 2018 and $8,931,620 in 1972.

Definition: 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. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. 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 $10,525,920
1976 $10,642,860
1977 $14,396,010
1978 $19,119,750
1979 $22,361,280
1980 $21,536,330
1981 $34,017,740
1982 $45,419,810
1983 $58,501,940
1984 $55,598,860
1985 $59,764,950
1986 $65,312,670
1987 $80,338,250
1988 $90,751,130
1989 $91,648,350
1990 $112,883,300
1991 $124,502,200
1992 $117,298,700
1993 $149,341,200
1994 $130,260,000
1995 $128,146,000
1996 $140,689,400
1997 $116,640,600
1998 $172,158,100
1999 $137,900,700
2000 $199,420,900
2001 $235,652,500
2002 $372,086,100
2003 $369,076,400
2004 $429,599,100
2005 $362,225,900
2006 $452,574,900
2007 $487,671,800
2008 $538,874,400
2009 $556,611,000
2010 $560,590,000
2011 $532,309,600
2012 $589,257,200
2013 $586,831,000
2014 $637,672,300
2015 $597,659,600
2016 $597,084,000
2017 $537,360,200
2018 $644,940,400

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