Domestic credit to private sector by banks in Jamaica
Jamaica: Domestic credit to private sector by banks was 45.7% in 2025. ▲ Rising
Domestic credit to private sector by banks in Jamaica, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Jamaica recorded 45.7% for domestic credit to private sector by banks in 2025.
That represents a change of up 1.6% on the previous year and up 60.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Jamaica peaked at 52.2% in 2020 and was at its lowest, 13.0%, in 2001.
That places Jamaica 84th out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Domestic credit to private sector by banks in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 15.7% | — |
| 1961 | 16.3% | +3.6% |
| 1962 | 14.9% | -8.3% |
| 1963 | 13.0% | -13.1% |
| 1964 | 16.3% | +25.3% |
| 1965 | 18.3% | +12.5% |
| 1966 | 17.3% | -5.7% |
| 1967 | 17.6% | +1.9% |
| 1968 | 19.2% | +9.2% |
| 1969 | 24.7% | +28.6% |
| 1970 | 23.9% | -3.4% |
| 1971 | 25.4% | +6.4% |
| 1972 | 28.9% | +13.8% |
| 1973 | 31.6% | +9.2% |
| 1974 | 30.9% | -2.3% |
| 1975 | 28.8% | -6.6% |
| 1976 | 27.3% | -5.4% |
| 1977 | 22.0% | -19.2% |
| 1978 | 20.3% | -7.9% |
| 1979 | 20.5% | +0.9% |
| 1980 | 20.7% | +0.9% |
| 1981 | 25.3% | +22.3% |
| 1982 | 31.4% | +24.1% |
| 1983 | 33.6% | +7.2% |
| 1984 | 29.1% | -13.6% |
| 1985 | 25.3% | -12.8% |
| 1986 | 24.2% | -4.5% |
| 1987 | 27.7% | +14.5% |
| 1988 | 31.7% | +14.6% |
| 1989 | 35.6% | +12.2% |
| 1990 | 31.6% | -11.4% |
| 1991 | 28.9% | -8.5% |
| 1992 | 23.2% | -19.7% |
| 1993 | 20.9% | -10.0% |
| 1994 | 19.6% | -6.1% |
| 1995 | 21.3% | +9.0% |
| 1996 | 19.9% | -6.7% |
| 1997 | 18.5% | -7.2% |
| 1998 | 23.4% | +26.6% |
| 1999 | 23.9% | +2.1% |
| 2000 | 25.6% | +7.2% |
| 2001 | 13.0% | -49.3% |
| 2002 | 14.7% | +13.7% |
| 2003 | 18.4% | +24.6% |
| 2004 | 20.0% | +9.0% |
| 2005 | 21.0% | +4.9% |
| 2006 | 23.4% | +11.7% |
| 2007 | 27.3% | +16.5% |
| 2008 | 30.2% | +10.6% |
| 2009 | 28.6% | -5.3% |
| 2010 | 26.4% | -7.7% |
| 2011 | 26.8% | +1.5% |
| 2012 | 29.0% | +8.2% |
| 2013 | 29.8% | +2.7% |
| 2014 | 29.3% | -1.5% |
| 2015 | 28.5% | -2.9% |
| 2016 | 30.3% | +6.2% |
| 2017 | 38.1% | +26.1% |
| 2018 | 40.2% | +5.3% |
| 2019 | 44.8% | +11.6% |
| 2020 | 52.2% | +16.6% |
| 2021 | 49.9% | -4.5% |
| 2022 | 46.1% | -7.7% |
| 2023 | 44.4% | -3.6% |
| 2024 | 45.0% | +1.3% |
| 2025 | 45.7% | +1.6% |
Jamaica compared with similar countries
- Jamaica's 45.7% is above the median for upper middle income countries, which is 39.8%, 1.1× the median. (55 countries reporting)
- Jamaica's 45.7% is above the median for Latin America & Caribbean, which is 42.9%, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.3% | 13.0% | 24.7% | 10 |
| 1970s | 26.0% | 20.3% | 31.6% | 10 |
| 1980s | 28.5% | 20.7% | 35.6% | 10 |
| 1990s | 23.1% | 18.5% | 31.6% | 10 |
| 2000s | 22.2% | 13.0% | 30.2% | 10 |
| 2010s | 32.3% | 26.4% | 44.8% | 10 |
| 2020s | 47.2% | 44.4% | 52.2% | 6 |
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 to private sector by banks in Jamaica?
- Domestic credit to private sector by banks in Jamaica was 45.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Jamaica?
- The highest recorded value was 52.2% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Jamaica?
- The lowest recorded value was 13.0% in 2001.
- How does Jamaica rank for domestic credit to private sector by banks?
- Jamaica ranks 84th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Jamaica?
- Over the last ten years it is up 60.6%. The long-run trend across the full record is rising.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.