Loans from Non-Resident Banks, Net, to GDP for Jamaica
DDOI08JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.47
Year-over-Year Change
-135.55%
Date Range
1/1/1972 - 1/1/2021
Summary
This economic trend measures the net loans from non-resident banks to Jamaica's GDP, providing insight into the country's international financing and economic integration.
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 'Loans from Non-Resident Banks, Net, to GDP for Jamaica' series represents the value of net loans from banks located outside of Jamaica as a percentage of the country's gross domestic product. This metric is used to analyze Jamaica's level of financial integration with the global economy and dependency on foreign capital.
Methodology
The data is collected and calculated by the World Bank based on reports from national central banks and other financial institutions.
Historical Context
Policymakers use this trend to assess Jamaica's external debt sustainability and the impact of international financial flows on the domestic economy.
Key Facts
- Jamaica's net loans from non-resident banks were 5.7% of GDP in 2020.
- This trend reached a peak of 12.3% of GDP in 2008 during the global financial crisis.
- The value of this metric has declined since the 2000s as Jamaica has reduced its reliance on foreign bank lending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net value of loans from banks located outside of Jamaica as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Jamaica's level of financial integration with the global economy and dependency on foreign capital, which is important for assessing the country's external debt sustainability and economic resilience.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data based on reports from Jamaica's central bank and other financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers in Jamaica and international institutions use this trend to evaluate the country's external debt levels and the impact of foreign financial flows on the domestic economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
Related Trends
Value of Exports to Jamaica from Oklahoma
OKJAMA052SCEN
Boone Indicator in Banking Market for Jamaica
DDOI05JMA156NWDB
Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Jamaica
JAMFCNODDNUM
Value of Exports to Jamaica from South Carolina
SCJAMA052SCEN
Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Jamaica
JAMFCAODUANUM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica
JAMFCBODUNUM
Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Net, to GDP for Jamaica (DDOI08JMA156NWDB), retrieved from FRED.