Loans from nonresident banks (amounts outstanding) to GDP in Jamaica
Jamaica: Loans from nonresident banks (amounts outstanding) to GDP was 68.5% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Jamaica, 1972–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Jamaica recorded 68.5% for loans from nonresident banks (amounts outstanding) to gdp in 2021.
Compared with earlier readings it is down 12.7% on the previous year and up 17.9% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Jamaica peaked at 87.8% in 2016 and was at its lowest, 0.4%, in 1983.
That places Jamaica 14th out of 136 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1972 | 0.5% | — |
| 1973 | 1.3% | +136.1% |
| 1974 | 1.0% | -19.8% |
| 1975 | 0.8% | -17.0% |
| 1976 | 0.8% | -3.6% |
| 1977 | 0.7% | -8.7% |
| 1978 | 0.9% | +22.9% |
| 1979 | 0.6% | -36.4% |
| 1980 | 0.5% | -9.5% |
| 1981 | 0.5% | -10.1% |
| 1982 | 0.4% | -9.5% |
| 1983 | 0.4% | -9.0% |
| 1984 | 0.6% | +52.5% |
| 1985 | 0.7% | +13.0% |
| 1986 | 0.5% | -23.8% |
| 1987 | 0.4% | -16.2% |
| 1996 | 1.0% | +138.2% |
| 1997 | 3.2% | +216.9% |
| 1998 | 5.9% | +84.1% |
| 1999 | 5.1% | -14.4% |
| 2000 | 9.6% | +88.8% |
| 2001 | 18.0% | +88.3% |
| 2002 | 18.7% | +3.9% |
| 2003 | 17.5% | -6.7% |
| 2004 | 22.6% | +29.5% |
| 2005 | 26.7% | +18.0% |
| 2006 | 33.1% | +24.3% |
| 2007 | 45.6% | +37.7% |
| 2008 | 44.8% | -1.8% |
| 2009 | 56.5% | +26.1% |
| 2010 | 59.5% | +5.2% |
| 2011 | 58.1% | -2.3% |
| 2012 | 54.2% | -6.7% |
| 2013 | 68.0% | +25.5% |
| 2014 | 71.9% | +5.7% |
| 2015 | 83.1% | +15.6% |
| 2016 | 87.8% | +5.6% |
| 2017 | 84.8% | -3.4% |
| 2018 | 79.8% | -5.9% |
| 2019 | 79.7% | -0.1% |
| 2020 | 78.5% | -1.5% |
| 2021 | 68.5% | -12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.5% | 1.3% | 8 |
| 1980s | 0.5% | 0.4% | 0.7% | 8 |
| 1990s | 3.8% | 1.0% | 5.9% | 4 |
| 2000s | 29.3% | 9.6% | 56.5% | 10 |
| 2010s | 72.7% | 54.2% | 87.8% | 10 |
| 2020s | 73.5% | 68.5% | 78.5% | 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 loans from nonresident banks (amounts outstanding) to gdp in Jamaica?
- Loans from nonresident banks (amounts outstanding) to gdp in Jamaica was 68.5% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Jamaica?
- The highest recorded value was 87.8% in 2016.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Jamaica?
- The lowest recorded value was 0.4% in 1983.
- How does Jamaica rank for loans from nonresident banks (amounts outstanding) to gdp?
- Jamaica ranks 14th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Jamaica?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.