Bank credit to bank deposits in Jamaica
Jamaica: Bank credit to bank deposits was 84.6% in 2021. ▼ Falling
Bank credit to bank deposits in Jamaica, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Jamaica recorded 84.6% for bank credit to bank deposits in 2021.
The figure is down 3.5% on the previous year and up 21.2% over ten years.
Over the whole period, bank credit to bank deposits in Jamaica peaked at 114.3% in 1961 and was at its lowest, 30.7%, in 2001.
Jamaica ranks 71st of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 62 years of available data.
Bank credit to bank deposits in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 90.8% | — |
| 1961 | 114.3% | +25.9% |
| 1962 | 77.7% | -32.0% |
| 1963 | 63.2% | -18.7% |
| 1964 | 78.1% | +23.6% |
| 1965 | 88.1% | +12.8% |
| 1966 | 80.5% | -8.6% |
| 1967 | 79.2% | -1.6% |
| 1968 | 72.4% | -8.6% |
| 1969 | 85.2% | +17.7% |
| 1970 | 84.0% | -1.4% |
| 1971 | 79.1% | -5.9% |
| 1972 | 91.1% | +15.2% |
| 1973 | 93.6% | +2.8% |
| 1974 | 87.6% | -6.4% |
| 1975 | 90.4% | +3.2% |
| 1976 | 83.5% | -7.7% |
| 1977 | 67.8% | -18.8% |
| 1978 | 65.0% | -4.1% |
| 1979 | 66.5% | +2.3% |
| 1980 | 62.4% | -6.2% |
| 1981 | 65.0% | +4.2% |
| 1982 | 68.8% | +5.9% |
| 1983 | 68.2% | -0.8% |
| 1984 | 65.9% | -3.4% |
| 1985 | 55.3% | -16.0% |
| 1986 | 53.5% | -3.3% |
| 1987 | 61.9% | +15.7% |
| 1988 | 62.2% | +0.5% |
| 1989 | 76.5% | +23.0% |
| 1990 | 73.8% | -3.6% |
| 1991 | 72.3% | -2.0% |
| 1992 | 51.4% | -28.9% |
| 1993 | 58.6% | +14.0% |
| 1994 | 54.6% | -6.8% |
| 1995 | 59.4% | +8.9% |
| 1996 | 59.6% | +0.3% |
| 1997 | 53.5% | -10.2% |
| 1998 | 69.0% | +28.9% |
| 1999 | 70.4% | +2.0% |
| 2000 | 74.6% | +5.9% |
| 2001 | 30.7% | -58.8% |
| 2002 | 33.8% | +9.9% |
| 2003 | 43.9% | +30.0% |
| 2004 | 47.0% | +7.1% |
| 2005 | 51.9% | +10.3% |
| 2006 | 56.5% | +8.9% |
| 2007 | 64.8% | +14.6% |
| 2008 | 76.6% | +18.2% |
| 2009 | 70.3% | -8.2% |
| 2010 | 66.7% | -5.1% |
| 2011 | 69.8% | +4.7% |
| 2012 | 73.2% | +4.9% |
| 2013 | 72.2% | -1.4% |
| 2014 | 71.9% | -0.5% |
| 2015 | 70.1% | -2.5% |
| 2016 | 70.1% | +0.1% |
| 2017 | 85.7% | +22.3% |
| 2018 | 87.9% | +2.5% |
| 2019 | 94.3% | +7.3% |
| 2020 | 87.7% | -7.1% |
| 2021 | 84.6% | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 83.0% | 63.2% | 114.3% | 10 |
| 1970s | 80.9% | 65.0% | 93.6% | 10 |
| 1980s | 64.0% | 53.5% | 76.5% | 10 |
| 1990s | 62.3% | 51.4% | 73.8% | 10 |
| 2000s | 55.0% | 30.7% | 76.6% | 10 |
| 2010s | 76.2% | 66.7% | 94.3% | 10 |
| 2020s | 86.1% | 84.6% | 87.7% | 2 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank credit to bank deposits in Jamaica?
- Bank credit to bank deposits in Jamaica was 84.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Jamaica?
- The highest recorded value was 114.3% in 1961.
- What is the lowest bank credit to bank deposits recorded in Jamaica?
- The lowest recorded value was 30.7% in 2001.
- How does Jamaica rank for bank credit to bank deposits?
- Jamaica ranks 71st out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Jamaica?
- Over the last ten years it is up 21.2%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).