Private Credit by Deposit Money Banks to GDP for Jamaica
DDDI01JMA156NWDB • 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
The 'Private Credit by Deposit Money Banks to GDP for Jamaica' trend measures the value of credit extended by deposit money banks to the private sector as a percentage of the country's GDP. It is an important indicator of financial intermediation and economic development.
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
This economic indicator tracks the size of the private credit market relative to the overall economy in Jamaica. It provides insight into the degree of financial deepening and the role of the banking sector in channeling funds to private enterprises and individuals.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators dataset.
Historical Context
Policymakers and analysts use this metric to assess the financial health and stability of the Jamaican economy.
Key Facts
- Jamaica's private credit to GDP ratio was 35.8% in 2020.
- The ratio has declined from a high of 49.2% in 2008.
- Private credit to GDP is lower in Jamaica compared to other Caribbean economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of credit extended by deposit money banks to the private sector as a percentage of Jamaica's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of Jamaica's financial system and the role of banks in channeling funds to private enterprises and individuals.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators dataset.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial health and stability of the Jamaican economy, which is relevant for monetary policy and financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture the most recent economic conditions in Jamaica.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Jamaica (DDDI01JMA156NWDB), retrieved from FRED.