Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Jamaica
JAMFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,357,704,225,000.00
Year-over-Year Change
341.56%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in Jamaica, providing insights into the level of financial services usage and access to credit in the country.
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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Jamaica tracks the total value of loans and advances extended by commercial banks operating in Jamaica. This metric is a key indicator of financial intermediation and can help policymakers and analysts assess the depth and breadth of the banking sector's support for economic activity.
Methodology
The data is collected and reported by the Central Bank of Jamaica.
Historical Context
This trend is used by economists, policymakers, and financial analysts to monitor the availability of credit and the overall health of Jamaica's banking system.
Key Facts
- Jamaica's commercial bank loans outstanding totaled $XX.XX billion as of the latest data.
- Loans have grown by X.X% over the past year, indicating increased financial services usage.
- The loans-to-GDP ratio in Jamaica is currently X.X%, reflecting the sector's importance to the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans and advances extended by commercial banks operating in Jamaica, providing insights into the level of financial services usage and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial intermediation and can help policymakers and analysts assess the depth and breadth of the banking sector's support for economic activity in Jamaica.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Jamaica.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and financial analysts to monitor the availability of credit and the overall health of Jamaica's banking system, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Jamaica, but there may be occasional delays or limitations in reporting that users should be aware of.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Jamaica (JAMFCSODCXDC), retrieved from FRED.