External loans and deposits of reporting banks vis-à-vis all sectors in Jamaica
Jamaica: External loans and deposits of reporting banks vis-à-vis all sectors was 22.5% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis all sectors in Jamaica, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
The most recent figure for external loans and deposits of reporting banks vis-à-vis all sectors in Jamaica is 22.5%, measured in 2021. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 36.3% on the previous year and down 42.0% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis all sectors in Jamaica peaked at 62.8% in 2004 and was at its lowest, 22.5%, in 2021.
Jamaica ranks 91st of 181 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
External loans and deposits of reporting banks vis-à-vis all sectors in Jamaica, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 40.3% | — |
| 1996 | 43.5% | +7.9% |
| 1997 | 37.2% | -14.5% |
| 1998 | 41.8% | +12.4% |
| 1999 | 37.7% | -9.9% |
| 2000 | 51.2% | +35.8% |
| 2001 | 54.9% | +7.4% |
| 2002 | 45.8% | -16.6% |
| 2003 | 45.7% | -0.3% |
| 2004 | 62.8% | +37.3% |
| 2005 | 49.0% | -21.9% |
| 2006 | 49.2% | +0.4% |
| 2007 | 50.6% | +2.8% |
| 2008 | 40.4% | -20.1% |
| 2009 | 37.8% | -6.5% |
| 2010 | 41.2% | +9.0% |
| 2011 | 38.8% | -5.8% |
| 2012 | 30.9% | -20.3% |
| 2013 | 37.7% | +21.9% |
| 2014 | 34.0% | -10.0% |
| 2015 | 29.2% | -14.0% |
| 2016 | 24.2% | -17.0% |
| 2017 | 29.6% | +22.1% |
| 2018 | 25.1% | -15.1% |
| 2019 | 28.0% | +11.4% |
| 2020 | 35.4% | +26.4% |
| 2021 | 22.5% | -36.3% |
Jamaica compared with similar countries
- Jamaica's 22.5% is above the median for upper middle income countries, which is 19.1%, 1.2× the median. (54 countries reporting)
- Jamaica's 22.5% is below the median for Latin America & Caribbean, which is 30.4%, 74% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.1% | 37.2% | 43.5% | 5 |
| 2000s | 48.7% | 37.8% | 62.8% | 10 |
| 2010s | 31.9% | 24.2% | 41.2% | 10 |
| 2020s | 28.9% | 22.5% | 35.4% | 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 external loans and deposits of reporting banks vis-à-vis all sectors in Jamaica?
- External loans and deposits of reporting banks vis-à-vis all sectors in Jamaica was 22.5% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Jamaica?
- The highest recorded value was 62.8% in 2004.
- What is the lowest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Jamaica?
- The lowest recorded value was 22.5% in 2021.
- How does Jamaica rank for external loans and deposits of reporting banks vis-à-vis all sectors?
- Jamaica ranks 91st out of 181 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis all sectors rising or falling in Jamaica?
- Over the last ten years it is down 42.0%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis all sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.