Domestic credit to private sector in Jamaica
Jamaica: Domestic credit to private sector was 56.3% in 2020. ▲ Rising
Domestic credit to private sector in Jamaica, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Jamaica recorded 56.3% for domestic credit to private sector in 2020. That is the highest value across all 61 years on record.
The figure is up 17.4% on the previous year and up 113.3% over ten years.
Over the whole period, domestic credit to private sector in Jamaica peaked at 56.3% in 2020 and was at its lowest, 13.0%, in 2001.
That places Jamaica 76th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Domestic credit to private sector 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 | 28.9% | -6.2% |
| 1976 | 27.5% | -4.9% |
| 1977 | 22.2% | -19.3% |
| 1978 | 20.6% | -7.1% |
| 1979 | 21.0% | +1.7% |
| 1980 | 21.9% | +4.3% |
| 1981 | 25.6% | +16.7% |
| 1982 | 31.5% | +23.3% |
| 1983 | 33.7% | +7.1% |
| 1984 | 29.1% | -13.7% |
| 1985 | 25.4% | -12.9% |
| 1986 | 24.2% | -4.6% |
| 1987 | 28.1% | +16.0% |
| 1988 | 31.8% | +13.1% |
| 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 | 30.0% | +2.4% |
| 2016 | 32.0% | +6.6% |
| 2017 | 40.7% | +27.1% |
| 2018 | 42.6% | +4.7% |
| 2019 | 48.0% | +12.7% |
| 2020 | 56.3% | +17.4% |
Jamaica compared with similar countries
- Jamaica's 56.3% is above the median for upper middle income countries, which is 52.0%, 1.1× the median. (55 countries reporting)
- Jamaica's 56.3% is above the median for Latin America & Caribbean, which is 54.3%, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.3% | 13.0% | 24.7% | 10 |
| 1970s | 26.1% | 20.6% | 31.6% | 10 |
| 1980s | 28.7% | 21.9% | 35.6% | 10 |
| 1990s | 23.1% | 18.5% | 31.6% | 10 |
| 2000s | 22.2% | 13.0% | 30.2% | 10 |
| 2010s | 33.5% | 26.4% | 48.0% | 10 |
| 2020s | 56.3% | 56.3% | 56.3% | 1 |
Countries ranked near Jamaica
- 73 Grenada 59.4% compare
- 74 Bosnia and Herzegovina 58.5% compare
- 75 North Macedonia 56.9% compare
- 77 Saint Kitts and Nevis 55.4% compare
- 78 Antigua and Barbuda 55.4% compare
- 79 Peru 55.2% compare
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 in Jamaica?
- Domestic credit to private sector in Jamaica was 56.3% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Jamaica?
- The highest recorded value was 56.3% in 2020.
- What is the lowest domestic credit to private sector recorded in Jamaica?
- The lowest recorded value was 13.0% in 2001.
- How does Jamaica rank for domestic credit to private sector?
- Jamaica ranks 76th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Jamaica?
- Over the last ten years it is up 113.3%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.