Jamaica - Broad money growth (annual %)

The value for Broad money growth (annual %) in Jamaica was 18.28 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 54.41 in 1992 and a minimum value of -6.97 in 2000.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 -6.77
1962 33.82
1963 13.86
1964 10.18
1965 7.60
1966 15.12
1967 11.78
1968 30.13
1969 18.36
1970 15.11
1971 23.55
1972 12.91
1973 23.50
1974 33.04
1975 9.90
1976 5.73
1977 11.87
1978 17.02
1979 13.61
1980 31.71
1981 18.16
1982 36.66
1983 27.93
1984 13.72
1985 32.76
1986 47.56
1987 17.56
1988 38.55
1989 10.11
1990 21.60
1991 47.32
1992 54.41
1993 29.85
1994 28.58
1995 27.99
1996 22.39
1997 16.40
1998 8.48
1999 9.16
2000 -6.97
2001 26.22
2002 14.37
2003 11.01
2004 16.29
2005 7.28
2006 15.48
2007 14.62
2008 5.15
2009 9.91
2010 5.58
2011 4.83
2012 8.70
2013 12.82
2014 6.75
2015 13.40
2016 13.43
2017 11.72
2018 9.84
2019 9.35
2020 18.28

Limitations and Exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries.

Statistical Concept and Methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)