Private credit by deposit money banks and other financial in Jamaica
Jamaica: Private credit by deposit money banks and other financial was 58.1% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Jamaica, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Jamaica is 58.1%, measured in 2021. That is the highest value across all 62 years on record.
That represents a change of up 4.0% on the previous year and up 116.9% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Jamaica peaked at 58.1% in 2021 and was at its lowest, 13.0%, in 2001.
That places Jamaica 73rd out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 15.7% | — |
| 1961 | 16.3% | +3.6% |
| 1962 | 14.9% | -8.3% |
| 1963 | 13.0% | -13.1% |
| 1964 | 16.3% | +25.3% |
| 1965 | 18.3% | +12.5% |
| 1966 | 17.3% | -5.7% |
| 1967 | 17.6% | +1.9% |
| 1968 | 19.2% | +9.2% |
| 1969 | 24.7% | +28.6% |
| 1970 | 23.9% | -3.4% |
| 1971 | 25.4% | +6.4% |
| 1972 | 28.9% | +13.8% |
| 1973 | 31.6% | +9.2% |
| 1974 | 30.9% | -2.3% |
| 1975 | 28.8% | -6.6% |
| 1976 | 27.3% | -5.4% |
| 1977 | 22.0% | -19.2% |
| 1978 | 20.3% | -7.9% |
| 1979 | 20.5% | +0.9% |
| 1980 | 20.7% | +0.9% |
| 1981 | 25.3% | +22.3% |
| 1982 | 31.4% | +24.1% |
| 1983 | 33.6% | +7.2% |
| 1984 | 29.1% | -13.6% |
| 1985 | 25.3% | -12.8% |
| 1986 | 24.2% | -4.5% |
| 1987 | 27.7% | +14.5% |
| 1988 | 31.7% | +14.6% |
| 1989 | 35.6% | +12.2% |
| 1990 | 31.6% | -11.4% |
| 1991 | 28.9% | -8.5% |
| 1992 | 23.2% | -19.7% |
| 1993 | 20.9% | -10.0% |
| 1994 | 19.6% | -6.1% |
| 1995 | 21.3% | +9.0% |
| 1996 | 19.9% | -6.7% |
| 1997 | 18.5% | -7.2% |
| 1998 | 23.4% | +26.6% |
| 1999 | 23.9% | +2.1% |
| 2000 | 25.6% | +7.2% |
| 2001 | 13.0% | -49.3% |
| 2002 | 14.7% | +13.7% |
| 2003 | 18.4% | +24.6% |
| 2004 | 20.0% | +9.0% |
| 2005 | 21.0% | +4.9% |
| 2006 | 23.4% | +11.7% |
| 2007 | 27.3% | +16.5% |
| 2008 | 30.2% | +10.6% |
| 2009 | 28.6% | -5.3% |
| 2010 | 26.4% | -7.7% |
| 2011 | 26.8% | +1.5% |
| 2012 | 29.0% | +8.2% |
| 2013 | 29.8% | +2.7% |
| 2014 | 29.3% | -1.5% |
| 2015 | 30.0% | +2.4% |
| 2016 | 32.0% | +6.6% |
| 2017 | 40.6% | +26.7% |
| 2018 | 42.5% | +4.7% |
| 2019 | 47.9% | +12.7% |
| 2020 | 55.9% | +16.7% |
| 2021 | 58.1% | +4.0% |
Jamaica compared with similar countries
- Jamaica's 58.1% is above the median for upper middle income countries, which is 50.2%, 1.2× the median. (55 countries reporting)
- Jamaica's 58.1% is above the median for Latin America & Caribbean, which is 51.7%, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.3% | 13.0% | 24.7% | 10 |
| 1970s | 26.0% | 20.3% | 31.6% | 10 |
| 1980s | 28.5% | 20.7% | 35.6% | 10 |
| 1990s | 23.1% | 18.5% | 31.6% | 10 |
| 2000s | 22.2% | 13.0% | 30.2% | 10 |
| 2010s | 33.4% | 26.4% | 47.9% | 10 |
| 2020s | 57.0% | 55.9% | 58.1% | 2 |
Countries ranked near Jamaica
- 70 Armenia 59.1% compare
- 71 Vanuatu 58.8% compare
- 72 El Salvador 58.2% compare
- 74 South Africa 57.7% compare
- 75 Grenada 57.3% compare
- 76 Costa Rica 57.1% compare
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 private credit by deposit money banks and other financial in Jamaica?
- Private credit by deposit money banks and other financial in Jamaica was 58.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Jamaica?
- The highest recorded value was 58.1% in 2021.
- What is the lowest private credit by deposit money banks and other financial recorded in Jamaica?
- The lowest recorded value was 13.0% in 2001.
- How does Jamaica rank for private credit by deposit money banks and other financial?
- Jamaica ranks 73rd out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Jamaica?
- Over the last ten years it is up 116.9%. 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 Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)