Foreign banks among total banks (%) in Jamaica
Jamaica: Foreign banks among total banks (%) was 75.0% in 2013. ▲ Rising
Foreign banks among total banks in Jamaica, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
The most recent figure for foreign banks among total banks in Jamaica is 75.0%, measured in 2013. That is the highest value across all 19 years on record.
The figure is up 19.0% over ten years.
Over the whole period, foreign banks among total banks in Jamaica peaked at 75.0% in 2008 and was at its lowest, 30.0%, in 1995.
Jamaica ranks 21st of 137 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Foreign banks among total banks (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 30.0% | — |
| 1996 | 30.0% | +0.0% |
| 1997 | 30.0% | +0.0% |
| 1998 | 30.0% | +0.0% |
| 1999 | 33.0% | +10.0% |
| 2000 | 33.0% | +0.0% |
| 2001 | 50.0% | +51.5% |
| 2002 | 63.0% | +26.0% |
| 2003 | 63.0% | +0.0% |
| 2004 | 71.0% | +12.7% |
| 2005 | 71.0% | +0.0% |
| 2006 | 71.0% | +0.0% |
| 2007 | 71.0% | +0.0% |
| 2008 | 75.0% | +5.6% |
| 2009 | 75.0% | +0.0% |
| 2010 | 75.0% | +0.0% |
| 2011 | 75.0% | +0.0% |
| 2012 | 75.0% | +0.0% |
| 2013 | 75.0% | +0.0% |
Jamaica compared with similar countries
- Jamaica's 75.0% is above the median for upper middle income countries, which is 41.0%, 1.8× the median. (40 countries reporting)
- Jamaica's 75.0% is above the median for Latin America & Caribbean, which is 41.5%, 1.8× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.6% | 30.0% | 33.0% | 5 |
| 2000s | 64.3% | 33.0% | 75.0% | 10 |
| 2010s | 75.0% | 75.0% | 75.0% | 4 |
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 foreign banks among total banks in Jamaica?
- Foreign banks among total banks in Jamaica was 75.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Jamaica?
- The highest recorded value was 75.0% in 2008.
- What is the lowest foreign banks among total banks recorded in Jamaica?
- The lowest recorded value was 30.0% in 1995.
- How does Jamaica rank for foreign banks among total banks?
- Jamaica ranks 21st out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Jamaica?
- Over the last ten years it is up 19.0%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.