Business Bank Credit Access Statistics in Jamaica (2026)
In 2024, 47.7% of firms in Jamaica had a bank loan or line of credit, according to World Bank World Development Indicators data. Up from 27.2% in 2010 to 47.7% in 2024 (+20.5 percentage points). Jamaica ranks #10 of 14 economies in Latin America & Caribbean on this measure, and #36 of 145 globally.
Key Statistics
- Latest value (2024)
- 47.7% (2024)
- Business Bank Credit Access in Jamaica as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2010
- +20.5 pp (2024)
- Up from 27.2% in 2010 to 47.7% in 2024 (+20.5 percentage points).
- Record high (2024)
- 47.7% (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for Jamaica.
- Rank in Latin America & Caribbean
- #10 of 14 (2024)
- Jamaica ranks 10 of 14 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #36 of 145 (2024)
- Jamaica ranks 36 of 145 countries with data globally.
- Latin America & Caribbean average
- 50.8% (2024)
- Jamaica (47.7%) is below the average of 50.8% across the 14 countries in Latin America & Caribbean with data.
- Firms using banks to finance working capital (% of firms) (2024)
- 34.1% (2024)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2024)
- 32.3% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Jamaica (2024)
- 90.1% (2024)
- 90.1% of the population in Jamaica used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.8 million (2024)
- Jamaica had a population of 2.8 million in 2024 (World Bank); shown for scale only.
Trend, 2010–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 47.7% | +20.5 pp |
| 2010 | 27.2% | — |
Frequently asked questions
What share of firms in Jamaica had a bank loan or line of credit?
47.7% of firms in Jamaica had a bank loan or line of credit in 2024, according to World Bank World Development Indicators data.
How has business bank credit access in Jamaica changed over time?
World Bank World Development Indicators data show a rise from 27.2% in 2010 to 47.7% in 2024.
How does Jamaica compare with other countries in Latin America & Caribbean?
Jamaica ranks 10 of 14 countries in Latin America & Caribbean with data, with 47.7% versus a regional average of 50.8% (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .