Bank concentration (%) in Jamaica
Jamaica: Bank concentration (%) was 83.4% in 2021. ▼ Falling
Bank concentration in Jamaica, 2002–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Jamaica is 83.4%, measured in 2021.
Compared with earlier readings it is up 15.7% on the previous year and down 5.1% over ten years.
Over the whole period, bank concentration in Jamaica peaked at 100.0% in 2014 and was at its lowest, 68.7%, in 2015.
Jamaica ranks 52nd of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Bank concentration (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 90.0% | — |
| 2003 | 90.2% | +0.2% |
| 2004 | 88.9% | -1.5% |
| 2005 | 87.9% | -1.1% |
| 2006 | 85.8% | -2.5% |
| 2007 | 93.6% | +9.2% |
| 2008 | 93.2% | -0.4% |
| 2009 | 88.9% | -4.6% |
| 2010 | 90.0% | +1.2% |
| 2011 | 87.9% | -2.3% |
| 2012 | 94.9% | +8.0% |
| 2013 | 89.8% | -5.3% |
| 2014 | 100.0% | +11.3% |
| 2015 | 68.7% | -31.3% |
| 2016 | 70.1% | +2.0% |
| 2017 | 71.3% | +1.8% |
| 2018 | 72.0% | +0.9% |
| 2019 | 71.7% | -0.4% |
| 2020 | 72.1% | +0.5% |
| 2021 | 83.4% | +15.7% |
Jamaica compared with similar countries
- Jamaica's 83.4% is above the median for upper middle income countries, which is 70.5%, 1.2× the median. (48 countries reporting)
- Jamaica's 83.4% is above the median for Latin America & Caribbean, which is 73.8%, 1.1× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Bank concentration (%) in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -31.3% | 100.0% | 68.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 89.8% | 85.8% | 93.6% | 8 |
| 2010s | 81.6% | 68.7% | 100.0% | 10 |
| 2020s | 77.7% | 72.1% | 83.4% | 2 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank concentration in Jamaica?
- Bank concentration in Jamaica was 83.4% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Jamaica?
- The highest recorded value was 100.0% in 2014.
- What is the lowest bank concentration recorded in Jamaica?
- The lowest recorded value was 68.7% in 2015.
- How does Jamaica rank for bank concentration?
- Jamaica ranks 52nd out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Jamaica?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.