Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Jamaica
Jamaica: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 737.15 billion in 2024. ◆ Volatile
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Jamaica, 2004–2024
Source: International Monetary Fund.
Analysis
Jamaica recorded 737.15 billion for outstanding loans, commercial banks, of which: household sector loans in 2024. That is the highest value across all 21 years on record.
The figure is up 15.1% on the previous year and up 347.1% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Jamaica peaked at 737.15 billion in 2024 and was at its lowest, 33.43 billion, in 2004.
Jamaica ranks 45th of 134 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 33.43 billion | — |
| 2005 | 41.16 billion | +23.1% |
| 2006 | 55.92 billion | +35.9% |
| 2007 | 73.73 billion | +31.8% |
| 2008 | 84.88 billion | +15.1% |
| 2009 | 83.72 billion | -1.4% |
| 2010 | 87.88 billion | +5.0% |
| 2011 | 102.19 billion | +16.3% |
| 2012 | 127.34 billion | +24.6% |
| 2013 | 156.80 billion | +23.1% |
| 2014 | 164.87 billion | +5.1% |
| 2015 | 181.53 billion | +10.1% |
| 2016 | 210.75 billion | +16.1% |
| 2017 | 307.79 billion | +46.0% |
| 2018 | 346.48 billion | +12.6% |
| 2019 | 410.43 billion | +18.5% |
| 2020 | 443.68 billion | +8.1% |
| 2021 | 490.00 billion | +10.4% |
| 2022 | 564.09 billion | +15.1% |
| 2023 | 640.46 billion | +13.5% |
| 2024 | 737.15 billion | +15.1% |
Jamaica compared with similar countries
- Jamaica's 737.15 billion is above the median for upper middle income countries, which is 162.63 billion, 4.5× the median. (46 countries reporting)
- Jamaica's 737.15 billion is above the median for Latin America & Caribbean, which is 54.41 billion, 13.5× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 62.14 billion | 33.43 billion | 84.88 billion | 6 |
| 2010s | 209.61 billion | 87.88 billion | 410.43 billion | 10 |
| 2020s | 575.08 billion | 443.68 billion | 737.15 billion | 5 |
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 outstanding loans, commercial banks, of which: household sector loans in Jamaica?
- Outstanding loans, commercial banks, of which: household sector loans in Jamaica was 737.15 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Jamaica?
- The highest recorded value was 737.15 billion in 2024.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Jamaica?
- The lowest recorded value was 33.43 billion in 2004.
- How does Jamaica rank for outstanding loans, commercial banks, of which: household sector loans?
- Jamaica ranks 45th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Jamaica?
- Over the last ten years it is up 347.1%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.