Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Jamaica
DDDI12JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.13
Year-over-Year Change
103.24%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Jamaica's gross domestic product (GDP). It is a key indicator of financial depth and access to credit in the Jamaican economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio reflects the level of financial intermediation and development in a country. Higher values indicate greater availability of private sector financing, which can support economic growth and investment.
Methodology
The data is collected and calculated by the World Bank based on information from national statistical agencies and central banks.
Historical Context
This trend is used by policymakers, economists, and investors to assess the financial health and development of the Jamaican economy.
Key Facts
- Jamaica's private credit to GDP ratio was 37.3% in 2021.
- The ratio has declined from a high of 48.4% in 2011.
- Increased access to credit can support private investment and economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Jamaica's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial depth and access to credit in the Jamaican economy, which can impact investment, growth, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information from national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to assess the financial health and development of the Jamaican economy, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Jamaica (DDDI12JMA156NWDB), retrieved from FRED.