Jamaica's PNG, commercial banks and other creditors (NFL, current US$) was US$600 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 19.79% from US$748 million in 2014 (2.18% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$600 million | 2024 |
| Five years earlier | −US$3.28 billion | 2019 |
| Ten years earlier | US$748 million | 2014 |
| Highest | US$2.79 billion | 2018 |
| Lowest | −US$3.28 billion | 2019 |
| Average since 2015 | US$187.22 million | 2015–2024 |
| First recorded | US$1.1 million |
What the numbers say
In 2024, Jamaica's PNG, commercial banks and other creditors (NFL, current US$) rose US$189.72 million on 2023 (from US$410.29 million to US$600 million).
Across the 30 yearly changes before that (1991 to 2023), the average change was −US$11.04 million and a typical year strayed about US$1.42 billion from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$3.24 billion in 2020 and the biggest yearly fall was US$6.07 billion in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Jamaica had the 14th highest value of the 79 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Jamaica | US$600 million | 2024 |
| Upper middle income | −US$54.9 billion | 2024 |
Closest to Jamaica in the 2024 ranking
- Philippines — 11th of 79: US$1.08 billion
- Morocco — 12th of 79: US$942.97 million
- Pakistan — 13th of 79: US$779.96 million
- Egypt, Arab Rep. — 15th of 79: US$554.48 million
- Tanzania — 16th of 79: US$533.82 million
- Albania — 17th of 79: US$434.01 million
What this measures
Nonguaranteed long-term commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 53 values
| Year | PNG, commercial banks and other creditors (NFL, current US$) |
|---|---|
| 2024 | 600,001,000 |
| 2023 | 410,286,000 |
| 2022 | 292,936,000 |
| 2021 | 1,202,836,000 |
| 2020 | -37,471,000 |
| 2019 | -3,282,186,000 |
| 2018 | 2,785,228,000 |
| 2017 | -25,782,000 |
| 2016 | -35,300,000 |
| 2015 | -38,393,000 |
PNG, commercial banks and other creditors (NFL, current US$) in nearby economies
- Argentina — US$1.38 billion (2024)
- Belize — −US$797,000 (2024)
- Bolivia — −US$176.65 million (2024)
- Brazil — −US$16.17 billion (2024)
- Colombia — US$4.94 billion (2024)
- Dominica — −US$247,000 (2024)
- Dominican Republic — −US$424.04 million (2024)
- Ecuador — −US$1.58 billion (2024)
- El Salvador — US$1.12 billion (2024)
More economic policy & debt data for Jamaica
- Total reserves, including gold (current US$) — US$6.3 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.3 billion (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$19.27 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 3.07 trillion (2025)
- GDP (current US$) — US$22.7 billion (2025)
- GDP (current LCU) — 3.61 trillion (2025)
- GDP per capita (current US$) — US$8,003 (2025)
- GDP per capita (current LCU) — 1.27 million (2025)
- GNI (current US$) — US$22.36 billion (2025)
- GNI (current LCU) — 3.56 trillion (2025)
Reading data like this
Questions people ask
- What is Jamaica's PNG, commercial banks and other creditors (NFL, current US$)?
- US$600 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 54,446% from US$1.1 million in 1970 (12.38% a year on average, compounded). The highest value was US$2.79 billion in 2018 and the lowest −US$3.28 billion in 2019.
- How does Jamaica rank?
- 14th highest of 79 economies with data for 2024.
- Is the latest change in PNG, commercial banks and other creditors (NFL, current US$) unusual for Jamaica?
- In 2024, Jamaica's PNG, commercial banks and other creditors (NFL, current US$) rose US$189.72 million on 2023 (from US$410.29 million to US$600 million). Across the 30 yearly changes before that (1991 to 2023), the average change was −US$11.04 million and a typical year strayed about US$1.42 billion from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.PNGC.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics, note: https://www.worldbank.org/en/programs/debt-statistics Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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