Percentage of Foreign Bank Assets Among Total Bank Assets for Jamaica
DDOI14JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.00
Year-over-Year Change
4.60%
Date Range
1/1/2005 - 1/1/2013
Summary
This economic trend measures the percentage of total bank assets held by foreign-owned banks in Jamaica. It provides insight into the level of foreign financial sector participation and its importance to the Jamaican economy.
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 Percentage of Foreign Bank Assets Among Total Bank Assets for Jamaica represents the share of total banking system assets that are held by banks with majority foreign ownership. This metric is used by economists and policymakers to assess the degree of foreign financial integration and the potential risks or benefits to the domestic economy.
Methodology
The data is collected and calculated by the World Bank based on submissions from national banking regulators.
Historical Context
This trend is relevant for understanding Jamaica's financial system development and integration with global capital markets.
Key Facts
- Jamaica's foreign bank asset share was 55.4% in 2020.
- Foreign bank participation has increased over the past decade.
- High foreign bank presence can impact domestic monetary policy transmission.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total banking assets in Jamaica that are held by banks with majority foreign ownership.
Q: Why is this trend relevant for users or analysts?
A: The foreign bank asset share provides insight into the degree of foreign financial integration and its implications for Jamaica's economic and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on submissions from national banking regulators.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial system development and risks associated with high foreign bank participation.
Q: Are there update delays or limitations?
A: The data may have a 1-2 year lag due to the time required for national regulators to report and compile the information.
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Citation
U.S. Federal Reserve, Percentage of Foreign Bank Assets Among Total Bank Assets for Jamaica (DDOI14JMA156NWDB), retrieved from FRED.