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Jamaica Private Credit (% GDP)

Jamaica's private credit (% GDP) rose to 49.85% in 2024, up from 49.14% in 2023, according to World Bank. This represents an increase of 0.71% from the previous year. Jamaica has private credit (% GDP) higher than the global median (49.85% vs median 39.47%). Compared with the median in Americas, Jamaica is higher (49.85% vs regional median 48.39%) and ranks 16th out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Private Credit (% GDP)
2024 49.85%
2023 49.14%
2022 50.83%
2021 54.48%
2020 56.86%
2019 48.3%
2018 43.14%
2017 40.76%
2016 32.02%
2015 30.03%
2014 29.32%
2013 29.77%
2012 28.99%
2011 26.8%
2010 26.41%
2009 28.6%
2008 30.19%
2007 27.31%
2006 23.44%
2005 20.98%
2004 20.01%
2003 18.35%
2002 14.72%
2001 12.95%
2000 25.56%
1999 23.86%
1998 23.37%
1997 18.46%
1996 19.9%
1995 21.33%
1994 19.58%
1993 20.86%
1992 23.19%
1991 28.88%
1990 31.56%
1989 35.62%
1988 31.76%
1987 28.07%
1986 24.21%
1985 25.37%
1984 29.12%
1983 33.75%
1982 31.51%
1981 25.56%
1980 21.9%
1979 21%
1978 20.64%
1977 22.22%
1976 27.52%
1975 28.93%
1974 30.85%
1973 31.57%
1972 28.91%
1971 25.41%
1970 23.88%
1969 24.71%
1968 19.21%
1967 17.58%
1966 17.26%
1965 18.3%
1964 16.28%
1963 12.99%
1962 14.94%
1961 16.3%
1960 15.74%
Jamaica Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Jamaica.