Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Jamaica
JAMFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,537,784,000.00
Year-over-Year Change
40.43%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures outstanding loans at other deposit-taking institutions in Jamaica, providing insights into the use of financial services and access to credit.
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 Other Deposit Takers for Jamaica tracks the total value of outstanding loans made by non-bank financial institutions, such as credit unions and microfinance providers, in the Jamaican economy. This metric is used by economists and policymakers to assess financial inclusion and the flow of credit to businesses and households.
Methodology
The data is collected and compiled by the Bank of Jamaica.
Historical Context
This trend is relevant for understanding the broader financial landscape and credit conditions in Jamaica.
Key Facts
- Jamaica has a diverse financial sector, including banks, credit unions, and microfinance providers.
- Outstanding loans at non-bank deposit takers have been growing in recent years, indicating increased financial inclusion.
- Credit access is a key factor in supporting small businesses and economic growth in Jamaica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by non-bank financial institutions, such as credit unions and microfinance providers, in Jamaica.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and credit access in the Jamaican economy, which are important factors for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank of Jamaica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the broader financial landscape and credit conditions in Jamaica, which can inform policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any reporting delays of the Bank of Jamaica.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Jamaica (JAMFCSODDXDC), retrieved from FRED.