External loans and deposits of reporting banks vis-à-vis the in Jamaica
Jamaica: External loans and deposits of reporting banks vis-à-vis the was 8.0% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis the in Jamaica, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
Jamaica recorded 8.0% for external loans and deposits of reporting banks vis-à-vis the in 2021. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 16.0% on the previous year and down 55.9% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the in Jamaica peaked at 22.6% in 2004 and was at its lowest, 8.0%, in 2021.
Jamaica ranks 100th of 180 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 the in Jamaica, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 19.2% | — |
| 1996 | 15.0% | -21.6% |
| 1997 | 16.8% | +11.6% |
| 1998 | 19.9% | +18.8% |
| 1999 | 20.0% | +0.4% |
| 2000 | 16.5% | -17.6% |
| 2001 | 17.1% | +3.9% |
| 2002 | 14.6% | -14.9% |
| 2003 | 18.4% | +25.9% |
| 2004 | 22.6% | +22.8% |
| 2005 | 17.2% | -23.7% |
| 2006 | 16.7% | -3.2% |
| 2007 | 20.1% | +20.8% |
| 2008 | 20.4% | +1.5% |
| 2009 | 19.3% | -5.4% |
| 2010 | 17.9% | -7.4% |
| 2011 | 18.1% | +1.3% |
| 2012 | 16.7% | -7.7% |
| 2013 | 20.6% | +23.3% |
| 2014 | 15.7% | -23.8% |
| 2015 | 11.0% | -29.9% |
| 2016 | 10.2% | -7.5% |
| 2017 | 10.2% | +0.1% |
| 2018 | 8.0% | -21.4% |
| 2019 | 10.5% | +31.3% |
| 2020 | 9.5% | -9.4% |
| 2021 | 8.0% | -16.0% |
Jamaica compared with similar countries
- Jamaica's 8.0% is above the median for upper middle income countries, which is 7.3%, 1.1× the median. (54 countries reporting)
- Jamaica's 8.0% is below the median for Latin America & Caribbean, which is 14.3%, 56% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.2% | 15.0% | 20.0% | 5 |
| 2000s | 18.3% | 14.6% | 22.6% | 10 |
| 2010s | 13.9% | 8.0% | 20.6% | 10 |
| 2020s | 8.8% | 8.0% | 9.5% | 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 in Jamaica?
- External loans and deposits of reporting banks vis-à-vis the in Jamaica was 8.0% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the recorded in Jamaica?
- The highest recorded value was 22.6% in 2004.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the recorded in Jamaica?
- The lowest recorded value was 8.0% in 2021.
- How does Jamaica rank for external loans and deposits of reporting banks vis-à-vis the?
- Jamaica ranks 100th out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the rising or falling in Jamaica?
- Over the last ten years it is down 55.9%. 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 nonbanking 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 7B: 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.