Financial Institutions Access Index in Jamaica
Jamaica: Financial Institutions Access Index was 0.2477 in 2020. ▲ Rising
Financial Institutions Access Index in Jamaica, 1980–2020
Source: International Monetary Fund.
Analysis
Jamaica recorded 0.2477 for financial institutions access index in 2020. That is the highest value across all 41 years on record.
That represents a change of up 6.4% on the previous year and up 37.4% over ten years.
Over the whole period, financial institutions access index in Jamaica peaked at 0.2477 in 2020 and was at its lowest, 0.1279, in 1998.
Jamaica ranks 115th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Access Index in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1631 | — |
| 1981 | 0.1908 | +16.9% |
| 1982 | 0.2071 | +8.5% |
| 1983 | 0.2143 | +3.5% |
| 1984 | 0.2271 | +6.0% |
| 1985 | 0.2115 | -6.9% |
| 1986 | 0.1741 | -17.7% |
| 1987 | 0.1741 | -0.0% |
| 1988 | 0.1905 | +9.4% |
| 1989 | 0.2028 | +6.5% |
| 1990 | 0.2361 | +16.4% |
| 1991 | 0.225 | -4.7% |
| 1992 | 0.1939 | -13.8% |
| 1993 | 0.1797 | -7.3% |
| 1994 | 0.1648 | -8.3% |
| 1995 | 0.1535 | -6.9% |
| 1996 | 0.1452 | -5.4% |
| 1997 | 0.1331 | -8.3% |
| 1998 | 0.1279 | -4.0% |
| 1999 | 0.1379 | +7.8% |
| 2000 | 0.1572 | +14.0% |
| 2001 | 0.1667 | +6.0% |
| 2002 | 0.1666 | -0.1% |
| 2003 | 0.1569 | -5.8% |
| 2004 | 0.1568 | -0.1% |
| 2005 | 0.1615 | +3.0% |
| 2006 | 0.1706 | +5.6% |
| 2007 | 0.1705 | -0.1% |
| 2008 | 0.1779 | +4.4% |
| 2009 | 0.1808 | +1.6% |
| 2010 | 0.1803 | -0.3% |
| 2011 | 0.1844 | +2.3% |
| 2012 | 0.1861 | +0.9% |
| 2013 | 0.1855 | -0.3% |
| 2014 | 0.1909 | +2.9% |
| 2015 | 0.1947 | +2.0% |
| 2016 | 0.2002 | +2.8% |
| 2017 | 0.2242 | +12.0% |
| 2018 | 0.2239 | -0.1% |
| 2019 | 0.2329 | +4.0% |
| 2020 | 0.2477 | +6.4% |
Jamaica compared with similar countries
- Jamaica's 0.2477 is below the median for upper middle income countries, which is 0.3583, 69% of the median. (54 countries reporting)
- Jamaica's 0.2477 is below the median for Latin America & Caribbean, which is 0.3636, 68% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1955 | 0.1631 | 0.2271 | 10 |
| 1990s | 0.1697 | 0.1279 | 0.2361 | 10 |
| 2000s | 0.1666 | 0.1568 | 0.1808 | 10 |
| 2010s | 0.2003 | 0.1803 | 0.2329 | 10 |
| 2020s | 0.2477 | 0.2477 | 0.2477 | 1 |
Countries ranked near Jamaica
- 112 Eswatini 0.2529 compare
- 113 Belarus 0.2519 compare
- 114 Cambodia 0.2478 compare
- 116 Netherlands 0.2387 compare
- 117 Philippines 0.2353 compare
- 118 Azerbaijan 0.226 compare
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 financial institutions access index in Jamaica?
- Financial institutions access index in Jamaica was 0.2477 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Jamaica?
- The highest recorded value was 0.2477 in 2020.
- What is the lowest financial institutions access index recorded in Jamaica?
- The lowest recorded value was 0.1279 in 1998.
- How does Jamaica rank for financial institutions access index?
- Jamaica ranks 115th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Jamaica?
- Over the last ten years it is up 37.4%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.