Deposit Interest Rates Statistics in Jamaica (2026)
As of 2024, the average deposit interest rate in Jamaica was 6.2%, per World Bank World Development Indicators data. Up from 5.8% in 2023 to 6.2% in 2024 (+0.4 percentage points). Jamaica ranks #9 of 30 economies in Latin America & Caribbean on this measure, and #32 of 113 globally.
Key Statistics
- Latest value (2024)
- 6.2% (2024)
- Deposit Interest Rates in Jamaica as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +0.4 pp (2024)
- Up from 5.8% in 2023 to 6.2% in 2024 (+0.4 percentage points).
- Earliest value in this dataset (1990)
- 24% (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 24% in 1990 to 6.2% in 2024.
- Peak value (1994)
- 36.6% (1994)
- Highest value in the available series; the 2024 value is 6.2%.
- Rank in Latin America & Caribbean
- #9 of 30 (2024)
- Jamaica ranks 9 of 30 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #32 of 113 (2024)
- Jamaica ranks 32 of 113 countries with data globally.
- Latin America & Caribbean average
- 5.8% (2024)
- Jamaica (6.2%) is above the average of 5.8% across the 30 countries in Latin America & Caribbean with data.
- Interest rate spread (lending rate minus deposit rate, %) (2024)
- 5.8% (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, 1990–2024
| Year | % | Change |
|---|---|---|
| 2024 | 6.2% | +0.4 pp |
| 2023 | 5.8% | +1.8 pp |
| 2022 | 4.1% | +1.5 pp |
| 2021 | 2.6% | +0.1 pp |
| 2020 | 2.5% | −0.1 pp |
| 2019 | 2.6% | −0.5 pp |
| 2018 | 3% | −0.7 pp |
| 2017 | 3.7% | +0.2 pp |
| 2016 | 3.6% | −0.3 pp |
| 2015 | 3.9% | −0.6 pp |
| 2014 | 4.5% | +0.8 pp |
| 2013 | 3.7% | −0.1 pp |
| 2012 | 3.8% | −0.5 pp |
| 2011 | 4.3% | −2.2 pp |
| 2010 | 6.4% | −3.2 pp |
| 2009 | 9.7% | +0.6 pp |
| 2008 | 9.1% | +0.2 pp |
| 2007 | 8.9% | −0.4 pp |
| 2006 | 9.3% | −0.6 pp |
| 2005 | 9.8% | −0.9 pp |
| 2004 | 10.8% | −1.0 pp |
| 2003 | 11.8% | +0.3 pp |
| 2002 | 11.5% | −1.8 pp |
| 2001 | 13.3% | −1.3 pp |
| 2000 | 14.7% | +0.5 pp |
| 1999 | 14.1% | −2.3 pp |
| 1998 | 16.4% | +2.5 pp |
| 1997 | 13.9% | −11.3 pp |
| 1996 | 25.2% | +1.9 pp |
| 1995 | 23.3% | −13.3 pp |
| 1994 | 36.6% | +8.9 pp |
| 1993 | 27.7% | −6.1 pp |
| 1992 | 33.8% | +9.0 pp |
| 1991 | 24.8% | +0.8 pp |
| 1990 | 24% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Jamaica?
The average deposit interest rate in Jamaica stood at 6.2% in 2024, according to World Bank World Development Indicators data.
Where does Jamaica rank globally on deposit interest rates?
Jamaica ranks 32 of 113 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did deposit interest rates in Jamaica peak?
The highest value in the available series was 36.6% in 1994; the latest (2024) value is 6.2%.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, 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 .