Jamaica vs Panama: Loans from nonresident banks (amounts outstanding) to GDP
Loans from nonresident banks (amounts outstanding) to GDP over time
- Jamaica
- Panama
How they compare
Panama currently reports 87.9% against 68.5% in Jamaica, a difference of 19.4%.
That makes Panama's figure about 1.3 times Jamaica's.
The two have swapped places 2 times across 42 shared years of data; in 1972 it was Panama ahead.
Jamaica ranks 14th and Panama ranks 11th of 136 countries.
Across the 6 decades both report, Jamaica averaged higher in 1 and Panama in 5.
Head to head by decade
| Decade | Jamaica | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.8% | 4.2% | 3.4% | Panama |
| 1980s | 0.5% | 5.4% | 4.9% | Panama |
| 1990s | 3.8% | 37.8% | 34.0% | Panama |
| 2000s | 29.3% | 43.5% | 14.1% | Panama |
| 2010s | 72.7% | 36.2% | 36.5% | Jamaica |
| 2020s | 73.5% | 85.6% | 12.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Jamaica or Panama?
- Panama, at 87.9% against 68.5% in Jamaica as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Jamaica and Panama?
- 19.4%, with Panama ahead.
- How many years of comparable data are there for Jamaica and Panama?
- 42 years are reported by both, from 1972 to 2021.
- How do Jamaica and Panama rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Jamaica ranks 14th and Panama ranks 11th of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.