Deposit interest rate (%) in Jamaica
Jamaica: Deposit interest rate (%) was 5.2% in 2025. ◆ Volatile
Deposit interest rate in Jamaica, 1978–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Jamaica recorded 5.2% for deposit interest rate in 2025.
Compared with earlier readings it is down 17.1% on the previous year and up 32.6% over ten years.
Over the whole period, deposit interest rate in Jamaica peaked at 36.6% in 1994 and was at its lowest, 2.5%, in 2020.
That places Jamaica 60th out of 153 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1978 | 6.7% | — |
| 1979 | 8.3% | +23.6% |
| 1980 | 9.6% | +15.1% |
| 1981 | 10.6% | +10.7% |
| 1982 | 10.8% | +1.5% |
| 1983 | 13.7% | +27.0% |
| 1984 | 15.9% | +16.6% |
| 1985 | 19.7% | +23.4% |
| 1986 | 18.8% | -4.2% |
| 1987 | 15.7% | -16.6% |
| 1988 | 15.9% | +1.0% |
| 1989 | 16.0% | +0.9% |
| 1990 | 24.0% | +49.7% |
| 1991 | 24.8% | +3.3% |
| 1992 | 33.8% | +36.3% |
| 1993 | 27.7% | -17.9% |
| 1994 | 36.6% | +32.0% |
| 1995 | 23.3% | -36.3% |
| 1996 | 25.2% | +8.0% |
| 1997 | 13.9% | -44.9% |
| 1998 | 16.4% | +18.3% |
| 1999 | 14.1% | -13.9% |
| 2000 | 14.7% | +3.9% |
| 2001 | 13.3% | -9.2% |
| 2002 | 11.5% | -13.6% |
| 2003 | 11.8% | +2.5% |
| 2004 | 10.8% | -8.8% |
| 2005 | 9.8% | -8.7% |
| 2006 | 9.3% | -5.7% |
| 2007 | 8.9% | -4.0% |
| 2008 | 9.1% | +2.7% |
| 2009 | 9.7% | +6.0% |
| 2010 | 6.4% | -33.4% |
| 2011 | 4.3% | -33.6% |
| 2012 | 3.8% | -12.3% |
| 2013 | 3.7% | -1.5% |
| 2014 | 4.5% | +22.4% |
| 2015 | 3.9% | -13.9% |
| 2016 | 3.6% | -8.7% |
| 2017 | 3.7% | +4.4% |
| 2018 | 3.0% | -18.7% |
| 2019 | 2.6% | -15.4% |
| 2020 | 2.5% | -3.6% |
| 2021 | 2.6% | +5.2% |
| 2022 | 4.1% | +57.0% |
| 2023 | 5.8% | +43.3% |
| 2024 | 6.2% | +7.1% |
| 2025 | 5.2% | -17.1% |
Jamaica compared with similar countries
- Jamaica's 5.2% is above the median for upper middle income countries, which is 4.1%, 1.3× the median. (53 countries reporting)
- Jamaica's 5.2% is above the median for Latin America & Caribbean, which is 3.4%, 1.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.5% | 6.7% | 8.3% | 2 |
| 1980s | 14.7% | 9.6% | 19.7% | 10 |
| 1990s | 24.0% | 13.9% | 36.6% | 10 |
| 2000s | 10.9% | 8.9% | 14.7% | 10 |
| 2010s | 3.9% | 2.6% | 6.4% | 10 |
| 2020s | 4.4% | 2.5% | 6.2% | 6 |
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 deposit interest rate in Jamaica?
- Deposit interest rate in Jamaica was 5.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Jamaica?
- The highest recorded value was 36.6% in 1994.
- What is the lowest deposit interest rate recorded in Jamaica?
- The lowest recorded value was 2.5% in 2020.
- How does Jamaica rank for deposit interest rate?
- Jamaica ranks 60th out of 153 countries with data for 2025.
- Is deposit interest rate rising or falling in Jamaica?
- Over the last ten years it is up 32.6%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.