Grenada vs Jamaica: Private credit by deposit money banks to GDP

Grenada
57.3%
in 2021
Jamaica
58.1%
in 2021
Grenada rank
70th
Jamaica rank
67th

Private credit by deposit money banks to GDP over time

  • Grenada
  • Jamaica
20406080196019902021

How they compare

Jamaica currently reports 58.1% against 57.3% in Grenada, a difference of 0.8%.

The two have swapped places 3 times across 45 shared years of data; in 1977 it was Grenada ahead.

Grenada ranks 70th and Jamaica ranks 67th of 187 countries.

Across the 6 decades both report, Grenada averaged higher in 5 and Jamaica in 1.

Head to head by decade

Decade Grenada Jamaica Difference Ahead
1970s 24.9% 20.9% 4.0% Grenada
1980s 27.1% 28.5% 1.3% Jamaica
1990s 47.4% 23.1% 24.3% Grenada
2000s 64.8% 22.2% 42.6% Grenada
2010s 65.4% 33.4% 32.0% Grenada
2020s 58.8% 57.0% 1.8% Grenada

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks to gdp, Grenada or Jamaica?
Jamaica, at 58.1% against 57.3% in Grenada as of 2021.
What is the difference in private credit by deposit money banks to gdp between Grenada and Jamaica?
0.8%, with Jamaica ahead.
How many years of comparable data are there for Grenada and Jamaica?
45 years are reported by both, from 1977 to 2021.
How do Grenada and Jamaica rank globally for private credit by deposit money banks to gdp?
Grenada ranks 70th and Jamaica ranks 67th of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Grenada vs Jamaica: Private credit by deposit money banks to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 17 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-to-gdp-percent/grenada/jamaica/

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About this data

Indicator
Private credit by deposit money banks to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,608 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).