Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Jamaica
DDOI09JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.49
Year-over-Year Change
21.17%
Date Range
1/1/1972 - 1/1/2021
Summary
This economic indicator measures the loans from non-resident banks to Jamaica as a percentage of its gross domestic product (GDP). It provides insights into Jamaica's international financial integration and external debt levels.
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, Amounts Outstanding, to GDP for Jamaica' metric tracks the total outstanding loans from banks located outside of Jamaica to entities within the country, expressed as a ratio to Jamaica's GDP. This helps economists and policymakers assess Jamaica's level of financial openness and exposure to foreign creditors.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
This trend is closely monitored by Jamaican authorities, international financial institutions, and investors to gauge the country's external debt sustainability and integration with global capital markets.
Key Facts
- Jamaica's loans from non-resident banks were 31.9% of GDP in 2020.
- This metric peaked at 49.3% of GDP in 2008 during the global financial crisis.
- Reducing external debt is a key policy priority for the Jamaican government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total outstanding loans from banks located outside of Jamaica to entities within the country, expressed as a percentage of Jamaica's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Jamaica's level of financial integration with the global economy and its exposure to foreign creditors, which is important for assessing the country's external debt sustainability and economic resilience.
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 database.
Q: How is this trend used in economic policy?
A: Jamaican authorities, international financial institutions, and investors closely monitor this trend to gauge the country's external debt sustainability and integration with global capital markets, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical figures as the World Bank updates its database.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Jamaica (DDOI09JMA156NWDB), retrieved from FRED.