Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total population.11 million.11 million.11 million
    WDI
    		A.1.1
    Urban population (% of total)35.59% of total35.58% of total35.58% of total
    WDI
    		A.1.4
    Urban population growth (annual %).48%.41%.35%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    GDP, current prices (U.S. dollars)954 USD (millions)912 USD (millions)843 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)1,401 USD (millions)1,326 USD (millions)1,235 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)8,936.58 USD 8,578.1 USD 7,956.52 USD
    WDI
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)13,128.49 USD 12,476.82 USD 11,658.47 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)4.58%5.69%2.35%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)-1.17%-.63%-1.24%
    WEO
    		A.2.6
    GDP, deflator (Index)121.69121.69118.85
    WEO
    		A.2.7
    Consumer price index103.03104.47105.47
    WDI
    		A.2.8
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Central bank lending/discount rate6.5%6.5%6.5%
    IFS
    		A.2.15.1
    Yield on 3 months treasury bills6%6%5.96%
    IFS
    		A.2.15.2
    Average bank deposit rate1.83%2.4%2.64%
    IFS
    		A.2.15.4
    Lending rate8.96%9.19%9.27%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of dwelling units:B.1.1
    Characteristics of housing stock:B.1.3
    % of substandard dwelling units  40% of totalB.1.3.2
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  94% of totalB.1.4.1
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: 94% of the poor live in owner-occupied housing. This number is used instead of the 88% non-poor owner-occupied value because more than 40% of the country lives in homes unfit for humans according to the IMF.
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
    Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
    Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
    Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Government funds--small portion of total mortgage lending when compared to total commercial bank lending.
    Notes: Grenada Development Bank is a non-depository, government-owned bank that offers a wide range of loans that promote business development, home ownership, education, etc. It has been in existence since 1965.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 0.2% on land value and 0.3% on structure value.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: Tax of 5% on value of property for citizens selling property.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
    Notes: Values from 2007-2015 include commercial bank totals along with totals from Grenada's Development Bank. Years before then only include commercial bank data from the ECCB.
    Notes: Values from 2007-2015 include commercial bank totals along with totals from Grenada's Development Bank. Years before then only include commercial bank data from the ECCB.
    Notes: Values from 2007-2015 include commercial bank totals along with totals from Grenada's Development Bank. Years before then only include commercial bank data from the ECCB.