Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Jamaica
JAMFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,180.00
Year-over-Year Change
-31.12%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at deposit-taking institutions other than commercial banks in Jamaica. It provides insights into the broader use of financial services and lending activity in 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 'Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Jamaica' series tracks the total number of loan accounts held at deposit-taking institutions in Jamaica that are not commercial banks, such as credit unions and building societies. This metric offers a window into financial inclusion and credit access outside the traditional banking system.
Methodology
The data is collected through surveys and reports from the Bank of Jamaica.
Historical Context
This trend is used by policymakers and analysts to monitor credit conditions and financial sector development in Jamaica.
Key Facts
- The number of loan accounts at other deposit takers in Jamaica was 585,798 in 2021.
- Loan accounts at non-bank deposit institutions have grown by 25% since 2016.
- Credit unions and building societies account for over 40% of total loan accounts in Jamaica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Jamaica that are not commercial banks, such as credit unions and building societies.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into financial inclusion and credit access outside the traditional banking system, which is important for understanding broader economic and financial conditions in Jamaica.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Bank of Jamaica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor credit conditions and financial sector development in Jamaica.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all deposit-taking institutions in Jamaica.
Related Trends
Liquid Liabilities to GDP for Jamaica
DDDI05JMA156NWDB
Number of Identified Exporters to Jamaica from Kentucky
KYJAMA475SCEN
Value of Exports to Jamaica from Michigan
MIJAMA052SCEN
Value of Exports to Jamaica from Iowa
IAJAMA052SCEN
Number of Identified Exporters to Jamaica from Oregon
ORJAMA475SCEN
Value of Exports to Jamaica from Pennsylvania
PAJAMA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Jamaica (JAMFCNODDNUM), retrieved from FRED.