Jamaica Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Jamaica's credit to gdp was 41.68% in 2025, ranked 73rd globally. This represents a 7.6% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Jamaica's credit to gdp stood at 41.68% in 2025, a decline of +3.45% from 2024. Based on recent trends, this figure is projected to reach 41.68% by 2025. Jamaica ranked 73rd globally.
Jamaica’s credit to GDP ratio stood at 41.68 in 2025, ranking the country 73rd globally, a figure closely aligned with peer nations such as Croatia, which recorded 41.87. The indicator has undergone significant fluctuations over its 66-year coverage, rising from an earliest recorded value of 15.74 in 1960 to an all-time peak of 52.36 in 2020, reflecting a period of financial deepening and increased private sector borrowing. This high was followed by a notable decline, suggesting either deleveraging or slower credit expansion relative to economic growth in the post-pandemic period. The historical trough of 12.95 was observed in 2001, a period marked by economic instability and financial sector constraints. Since 2020, the downward trend indicates potential tightening of credit conditions or structural impediments to lending. Continued monetary policy normalization, improvements in financial inclusion, or stronger private investment demand could reverse the current trajectory. Absent such developments, the credit to GDP ratio may remain subdued in the near term.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 37.70% | - | - |
| 2026* trend | 39.69% | - | - |
| 2025* trend | 41.68% | - | - |
| 2025 | 41.68% | −3.45% | #73 |
| 2024 | 45.13% | +0.57% | #62 |
| 2023 | 44.57% | −1.62% | #78 |
| 2022 | 46.19% | −3.83% | #85 |
| 2021 | 50.02% | −2.34% | #93 |
| 2020 | 52.36% | +7.45% | #93 |
| 2019 | 44.91% | +4.65% | #90 |
| 2018 | 40.26% | +2.02% | #84 |
| 2017 | 38.25% | +7.99% | #75 |
| 2016 | 30.25% | +1.78% | #56 |
| 2015 | 28.47% | −0.85% | #55 |
| 2014 | 29.32% | −0.45% | #61 |
| 2013 | 29.77% | +0.78% | #65 |
| 2012 | 28.99% | +2.19% | #68 |
| 2011 | 26.80% | +0.39% | #64 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's credit to gdp was 41.68% in 2025. Ranked 73rd globally. This represents a 7.6% decrease from the previous year.
Jamaica's credit to gdp peaked at 52.36% in 2020.
The lowest credit to gdp in Jamaica was 12.95% in 2001.
Jamaica ranks 73rd globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Jamaica's credit to gdp is projected to reach 41.68% by 2025 based on trend extrapolation.
The credit to gdp of Jamaica in 2025 was 41.68%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_jamaica_credit-to-gdp,
title = {Jamaica Credit to GDP},
url = {https://historysaid.com/jamaica/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}