Financial system deposits to GDP in Jamaica
Jamaica: Financial system deposits to GDP was 68.7% in 2021. ▲ Rising
Financial system deposits to GDP in Jamaica, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, financial system deposits to gdp in Jamaica stood at 68.7%. That is the highest value across all 62 years on record.
That represents a change of up 7.8% on the previous year and up 79.0% over ten years.
Over the whole period, financial system deposits to gdp in Jamaica peaked at 68.7% in 2021 and was at its lowest, 14.3%, in 1961.
Jamaica ranks 75th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Financial system deposits to GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 17.3% | — |
| 1961 | 14.3% | -17.8% |
| 1962 | 19.2% | +34.8% |
| 1963 | 20.6% | +6.9% |
| 1964 | 20.8% | +1.4% |
| 1965 | 20.8% | -0.3% |
| 1966 | 21.4% | +3.1% |
| 1967 | 22.2% | +3.5% |
| 1968 | 26.5% | +19.5% |
| 1969 | 29.0% | +9.3% |
| 1970 | 28.4% | -2.0% |
| 1971 | 32.1% | +13.1% |
| 1972 | 31.7% | -1.2% |
| 1973 | 33.7% | +6.2% |
| 1974 | 35.2% | +4.4% |
| 1975 | 31.9% | -9.5% |
| 1976 | 32.7% | +2.5% |
| 1977 | 32.5% | -0.4% |
| 1978 | 31.2% | -3.9% |
| 1979 | 30.8% | -1.4% |
| 1980 | 33.1% | +7.6% |
| 1981 | 38.9% | +17.4% |
| 1982 | 45.6% | +17.2% |
| 1983 | 49.3% | +8.2% |
| 1984 | 44.1% | -10.6% |
| 1985 | 45.8% | +3.8% |
| 1986 | 45.2% | -1.2% |
| 1987 | 44.8% | -1.0% |
| 1988 | 51.1% | +14.0% |
| 1989 | 46.6% | -8.8% |
| 1990 | 42.8% | -8.1% |
| 1991 | 39.9% | -6.6% |
| 1992 | 45.1% | +13.0% |
| 1993 | 35.6% | -21.1% |
| 1994 | 35.9% | +0.8% |
| 1995 | 35.9% | +0.1% |
| 1996 | 33.4% | -7.0% |
| 1997 | 34.5% | +3.3% |
| 1998 | 33.9% | -1.8% |
| 1999 | 33.9% | +0.1% |
| 2000 | 34.3% | +1.1% |
| 2001 | 42.2% | +22.9% |
| 2002 | 43.6% | +3.4% |
| 2003 | 41.8% | -4.1% |
| 2004 | 42.5% | +1.8% |
| 2005 | 40.4% | -5.0% |
| 2006 | 41.5% | +2.6% |
| 2007 | 42.1% | +1.6% |
| 2008 | 39.4% | -6.4% |
| 2009 | 40.7% | +3.2% |
| 2010 | 39.6% | -2.7% |
| 2011 | 38.4% | -3.0% |
| 2012 | 39.6% | +3.1% |
| 2013 | 41.2% | +4.1% |
| 2014 | 40.8% | -1.0% |
| 2015 | 42.9% | +5.1% |
| 2016 | 45.7% | +6.5% |
| 2017 | 47.3% | +3.6% |
| 2018 | 48.3% | +2.1% |
| 2019 | 50.7% | +5.0% |
| 2020 | 63.7% | +25.6% |
| 2021 | 68.7% | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.2% | 14.3% | 29.0% | 10 |
| 1970s | 32.0% | 28.4% | 35.2% | 10 |
| 1980s | 44.5% | 33.1% | 51.1% | 10 |
| 1990s | 37.1% | 33.4% | 45.1% | 10 |
| 2000s | 40.8% | 34.3% | 43.6% | 10 |
| 2010s | 43.5% | 38.4% | 50.7% | 10 |
| 2020s | 66.2% | 63.7% | 68.7% | 2 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Net domestic credit (current LCU), per capita 711,957 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 88.96 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 4.42 billion SDR (2025)
- Reserves excluding gold 4.60 billion SDR (2025)
- Total reserves (gold at market value) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in Jamaica?
- Financial system deposits to gdp in Jamaica was 68.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Jamaica?
- The highest recorded value was 68.7% in 2021.
- What is the lowest financial system deposits to gdp recorded in Jamaica?
- The lowest recorded value was 14.3% in 1961.
- How does Jamaica rank for financial system deposits to gdp?
- Jamaica ranks 75th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Jamaica?
- Over the last ten years it is up 79.0%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).