Private credit by deposit money banks to GDP in Jamaica
Jamaica: Private credit by deposit money banks to GDP was 58.1% in 2021. ▲ Rising
Private credit by deposit money banks to GDP 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 to gdp in Jamaica is 58.1%, measured in 2021. That is the highest value across all 62 years on record.
The figure is up 4.0% on the previous year and up 116.9% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Jamaica peaked at 58.1% in 2021 and was at its lowest, 13.0%, in 2001.
Jamaica ranks 67th of 187 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.
Private credit by deposit money banks to GDP 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 49.7%, 1.2× the median. (55 countries reporting)
- Jamaica's 58.1% is above the median for Latin America & Caribbean, which is 50.9%, 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
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 private credit by deposit money banks to gdp in Jamaica?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Jamaica?
- The highest recorded value was 58.1% in 2021.
- What is the lowest private credit by deposit money banks to gdp recorded in Jamaica?
- The lowest recorded value was 13.0% in 2001.
- How does Jamaica rank for private credit by deposit money banks to gdp?
- Jamaica ranks 67th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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 (IFS line 22d); 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).