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 169 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.
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
- Domestic credit to private sector by banks 45.7% (2025)
- Total reserves in months of imports 6.47 (2024)
- Net domestic credit 2.02 trillion current LCU (2025)
- Net foreign assets 1.11 trillion current LCU (2025)
- Monetary Sector credit to private sector 45.9% (2025)
- Broad money 65.8% (2025)
- Claims on central government, etc. 7.9% (2025)
- Domestic credit to private sector 45.9% (2025)
- Official exchange rate 159.1 LCU per US$, period average (2025)
- Net migration -11,053 (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 169 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.