Formal Savings Statistics in Jamaica (2026)
According to World Bank Global Findex data, 24% of adults in Jamaica saved at a formal financial institution in 2021. Down from 29.7% in 2014 to 24% in 2021 (−5.7 percentage points). Jamaica ranks #7 of 20 economies in Latin America & Caribbean on this measure, and #65 of 142 globally.
Key Statistics
- Latest value (2021)
- 24% (2021)
- Formal Savings in Jamaica as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2014
- −5.7 pp (2021)
- Down from 29.7% in 2014 to 24% in 2021 (−5.7 percentage points).
- Earliest value in this dataset (2011)
- 30.4% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 30.4% in 2011 to 24% in 2021.
- Peak value (2011)
- 30.4% (2011)
- Highest value in the available series; the 2021 value is 24%.
- Rank in Latin America & Caribbean
- #7 of 20 (2021)
- Jamaica ranks 7 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #65 of 142 (2021)
- Jamaica ranks 65 of 142 countries with data globally.
- Latin America & Caribbean average
- 21.3% (2021)
- Jamaica (24%) is above the average of 21.3% across the 20 countries in Latin America & Caribbean with data.
- Among women (2021)
- 23.8% (2021)
- Value for women in Jamaica, same 2021 World Bank Global Findex data.
- Among men (2021)
- 24.3% (2021)
- Value for men in Jamaica, same 2021 World Bank Global Findex data.
- Gender gap (women minus men)
- −0.6 pp (2021)
- In 2021, the figure was 23.8% for women and 24.3% for men — 0.6 percentage points lower among women.
- Among the poorest 40% (2021)
- 11.6% (2021)
- Value for adults in the poorest 40% of households in Jamaica in 2021.
- Poorest-40% gap vs national
- −12.4 pp (2021)
- The poorest 40% (11.6%) are 12.4 percentage points below the national figure (24%).
- 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, 2011–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 24% | −5.7 pp |
| 2014 | 29.7% | −0.7 pp |
| 2011 | 30.4% | — |
Frequently asked questions
What share of adults in Jamaica saved at a formal financial institution?
24% of adults in Jamaica saved at a formal financial institution in 2021, according to World Bank Global Findex data.
Where does the formal savings data for Jamaica come from?
The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Jamaica is from 2021; the snapshot was retrieved on 2026-06-10.
How has formal savings in Jamaica changed over time?
World Bank Global Findex data show a decline from 30.4% in 2011 to 24% in 2021.
How does Jamaica compare with other countries in Latin America & Caribbean?
Jamaica ranks 7 of 20 countries in Latin America & Caribbean with data, with 24% versus a regional average of 21.3% (latest values per country).
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .