Jamaica - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Jamaica was 56.20 as of 2020. Its highest value over the past 60 years was 56.20 in 2020, while its lowest value was 12.95 in 2001.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 15.74
1961 16.30
1962 14.94
1963 12.99
1964 16.28
1965 18.30
1966 17.26
1967 17.58
1968 19.21
1969 24.71
1970 23.88
1971 25.41
1972 28.91
1973 31.57
1974 30.85
1975 28.82
1976 27.27
1977 22.05
1978 20.30
1979 20.48
1980 20.67
1981 25.28
1982 31.38
1983 33.65
1984 29.07
1985 25.33
1986 24.19
1987 27.71
1988 31.75
1989 35.61
1990 31.55
1991 28.88
1992 23.19
1993 20.86
1994 19.58
1995 21.33
1996 19.90
1997 18.46
1998 23.37
1999 23.86
2000 25.56
2001 12.95
2002 14.72
2003 18.35
2004 20.01
2005 20.98
2006 23.44
2007 27.31
2008 30.19
2009 28.60
2010 26.41
2011 26.80
2012 28.99
2013 29.77
2014 29.32
2015 30.03
2016 32.02
2017 40.58
2018 42.48
2019 47.87
2020 56.20

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets