Domestic credit provided by financial sector in Jamaica
Jamaica: Domestic credit provided by financial sector was 152.3% in 2021. ▲ Rising
Domestic credit provided by financial sector in Jamaica, 2017–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Jamaica is 152.3%, measured in 2021.
Compared with earlier readings it is down 4.8% on the previous year and up 15.4% over five years.
That places Jamaica 7th out of 65 countries with data for 2021, putting it in the top 10%.
Domestic credit provided by financial sector in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 132.0% | — |
| 2018 | 137.5% | +4.2% |
| 2019 | 139.8% | +1.7% |
| 2020 | 160.0% | +14.5% |
| 2021 | 152.3% | -4.8% |
Jamaica compared with similar countries
- Jamaica's 152.3% is above the median for upper middle income countries, which is 62.6%, 2.4× the median. (30 countries reporting)
- Jamaica's 152.3% is above the median for Latin America & Caribbean, which is 65.9%, 2.3× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 136.5% | 132.0% | 139.8% | 3 |
| 2020s | 156.2% | 152.3% | 160.0% | 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 domestic credit provided by financial sector in Jamaica?
- Domestic credit provided by financial sector in Jamaica was 152.3% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Jamaica?
- The highest recorded value was 160.0% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in Jamaica?
- The lowest recorded value was 132.0% in 2017.
- How does Jamaica rank for domestic credit provided by financial sector?
- Jamaica ranks 7th out of 65 countries with data for 2021.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.