Commercial bank branches in Jamaica
Jamaica: Commercial bank branches was 6.93 per 100,000 adults in 2024. ▲ Rising
Commercial bank branches in Jamaica, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
Jamaica recorded 6.93 per 100,000 adults for commercial bank branches in 2024.
Compared with earlier readings it is down 1.1% on the previous year and up 33.8% over ten years.
Over the whole period, commercial bank branches in Jamaica peaked at 8.13 per 100,000 adults in 2019 and was at its lowest, 5.18 per 100,000 adults, in 2014.
That places Jamaica 125th out of 185 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Commercial bank branches in Jamaica, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 7.18 per 100,000 adults | — |
| 2005 | 6.92 per 100,000 adults | -3.6% |
| 2006 | 6.87 per 100,000 adults | -0.7% |
| 2007 | 6.82 per 100,000 adults | -0.7% |
| 2008 | 6.98 per 100,000 adults | +2.3% |
| 2009 | 6.62 per 100,000 adults | -5.1% |
| 2010 | 6.28 per 100,000 adults | -5.2% |
| 2011 | 6.13 per 100,000 adults | -2.3% |
| 2012 | 6.04 per 100,000 adults | -1.4% |
| 2013 | 5.72 per 100,000 adults | -5.3% |
| 2014 | 5.18 per 100,000 adults | -9.5% |
| 2015 | 5.26 per 100,000 adults | +1.6% |
| 2016 | 5.21 per 100,000 adults | -1.0% |
| 2017 | 7.95 per 100,000 adults | +52.5% |
| 2018 | 8.11 per 100,000 adults | +2.0% |
| 2019 | 8.13 per 100,000 adults | +0.3% |
| 2020 | 7.74 per 100,000 adults | -4.8% |
| 2021 | 7.54 per 100,000 adults | -2.6% |
| 2022 | 7.1 per 100,000 adults | -5.9% |
| 2023 | 7.01 per 100,000 adults | -1.2% |
| 2024 | 6.93 per 100,000 adults | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.9 per 100,000 adults | 6.62 per 100,000 adults | 7.18 per 100,000 adults | 6 |
| 2010s | 6.4 per 100,000 adults | 5.18 per 100,000 adults | 8.13 per 100,000 adults | 10 |
| 2020s | 7.26 per 100,000 adults | 6.93 per 100,000 adults | 7.74 per 100,000 adults | 5 |
Countries ranked near Jamaica
- 122 Malaysia 7.72 per 100,000 adults compare
- 123 Saudi Arabia 7.19 per 100,000 adults compare
- 124 United Arab Emirates 7.09 per 100,000 adults compare
- 126 Angola 6.82 per 100,000 adults compare
- 127 Germany 6.66 per 100,000 adults compare
- 128 Kyrgyzstan 6.65 per 100,000 adults compare
More financial sector data for Jamaica
- Total reserves in months of imports, annual growth rate 18.65 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.89 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1949 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,559 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.56 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,622 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.56 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is commercial bank branches in Jamaica?
- Commercial bank branches in Jamaica was 6.93 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Jamaica?
- The highest recorded value was 8.13 per 100,000 adults in 2019.
- What is the lowest commercial bank branches recorded in Jamaica?
- The lowest recorded value was 5.18 per 100,000 adults in 2014.
- How does Jamaica rank for commercial bank branches?
- Jamaica ranks 125th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Jamaica?
- Over the last ten years it is up 33.8%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.