External loans and deposits of reporting banks vis-à-vis the banking in Jamaica
Jamaica: External loans and deposits of reporting banks vis-à-vis the banking was 14.4% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis the banking in Jamaica, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
In 2021, external loans and deposits of reporting banks vis-à-vis the banking in Jamaica stood at 14.4%.
The figure is down 43.5% on the previous year and down 30.5% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the banking in Jamaica peaked at 40.2% in 2004 and was at its lowest, 14.0%, in 2016.
That places Jamaica 78th out of 180 countries with data for 2021, putting it 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 the banking in Jamaica, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 21.2% | — |
| 1996 | 28.5% | +34.7% |
| 1997 | 20.4% | -28.3% |
| 1998 | 21.9% | +7.1% |
| 1999 | 17.7% | -19.3% |
| 2000 | 34.7% | +96.4% |
| 2001 | 37.8% | +9.0% |
| 2002 | 31.2% | -17.4% |
| 2003 | 27.3% | -12.4% |
| 2004 | 40.2% | +47.1% |
| 2005 | 31.8% | -20.9% |
| 2006 | 32.5% | +2.4% |
| 2007 | 30.5% | -6.3% |
| 2008 | 20.0% | -34.5% |
| 2009 | 18.5% | -7.5% |
| 2010 | 23.3% | +26.2% |
| 2011 | 20.7% | -11.2% |
| 2012 | 14.2% | -31.3% |
| 2013 | 17.1% | +20.3% |
| 2014 | 18.2% | +6.6% |
| 2015 | 18.1% | -0.9% |
| 2016 | 14.0% | -22.6% |
| 2017 | 19.3% | +38.2% |
| 2018 | 16.8% | -13.1% |
| 2019 | 17.2% | +2.3% |
| 2020 | 25.5% | +48.4% |
| 2021 | 14.4% | -43.5% |
Jamaica compared with similar countries
- Jamaica's 14.4% is above the median for upper middle income countries, which is 10.4%, 1.4× the median. (53 countries reporting)
- Jamaica's 14.4% is above the median for Latin America & Caribbean, which is 14.4%, 1.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.9% | 17.7% | 28.5% | 5 |
| 2000s | 30.4% | 18.5% | 40.2% | 10 |
| 2010s | 17.9% | 14.0% | 23.3% | 10 |
| 2020s | 19.9% | 14.4% | 25.5% | 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 the banking in Jamaica?
- External loans and deposits of reporting banks vis-à-vis the banking in Jamaica was 14.4% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the banking recorded in Jamaica?
- The highest recorded value was 40.2% in 2004.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the banking recorded in Jamaica?
- The lowest recorded value was 14.0% in 2016.
- How does Jamaica rank for external loans and deposits of reporting banks vis-à-vis the banking?
- Jamaica ranks 78th out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the banking rising or falling in Jamaica?
- Over the last ten years it is down 30.5%. 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 the banking sector (% of domestic bank deposits). Statizoid updates them automatically from the source API.
Download this data
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About this data
Data is from BIS Statistical Appendix Table 7A minus 7B: External loans and deposits of reporting banks vis-à-vis all sectors minus external loans and deposits of reporting banks vis-à-vis nonbanking sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.