Interest rate spread in Jamaica
Jamaica: Interest rate spread was 7.0% in 2025. ▲ Rising
Interest rate spread in Jamaica, 1978–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Jamaica is 7.0%, measured in 2025.
Compared with earlier readings it is up 21.0% on the previous year and down 46.7% over ten years.
Over the whole period, interest rate spread in Jamaica peaked at 20.3% in 1995 and was at its lowest, 2.6%, in 1984.
That places Jamaica 40th out of 141 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Interest rate spread in Jamaica, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1978 | 7.0% | — |
| 1979 | 5.5% | -21.0% |
| 1980 | 6.1% | +10.3% |
| 1981 | 5.5% | -9.7% |
| 1982 | 5.7% | +3.9% |
| 1983 | 3.3% | -41.8% |
| 1984 | 2.6% | -21.3% |
| 1985 | 5.3% | +101.7% |
| 1986 | 8.5% | +61.8% |
| 1987 | 9.7% | +14.6% |
| 1988 | 9.3% | -4.3% |
| 1989 | 9.2% | -1.3% |
| 1990 | 6.5% | -29.1% |
| 1991 | 6.7% | +3.3% |
| 1992 | 11.0% | +63.9% |
| 1993 | 16.0% | +44.9% |
| 1994 | 12.9% | -19.5% |
| 1995 | 20.3% | +57.3% |
| 1996 | 14.7% | -27.6% |
| 1997 | 19.0% | +29.5% |
| 1998 | 15.2% | -20.1% |
| 1999 | 12.9% | -15.1% |
| 2000 | 8.7% | -32.6% |
| 2001 | 7.3% | -16.1% |
| 2002 | 7.0% | -4.1% |
| 2003 | 7.1% | +1.4% |
| 2004 | 7.4% | +4.1% |
| 2005 | 7.5% | +2.2% |
| 2006 | 8.4% | +11.1% |
| 2007 | 8.3% | -0.9% |
| 2008 | 7.7% | -7.3% |
| 2009 | 6.8% | -12.3% |
| 2010 | 14.0% | +107.3% |
| 2011 | 15.2% | +8.7% |
| 2012 | 13.9% | -8.9% |
| 2013 | 14.0% | +1.0% |
| 2014 | 12.7% | -9.5% |
| 2015 | 13.1% | +3.1% |
| 2016 | 12.9% | -1.1% |
| 2017 | 11.2% | -13.4% |
| 2018 | 11.1% | -1.0% |
| 2019 | 10.4% | -5.7% |
| 2020 | 9.6% | -8.1% |
| 2021 | 8.9% | -7.2% |
| 2022 | 7.3% | -17.5% |
| 2023 | 5.8% | -20.6% |
| 2024 | 5.8% | -1.2% |
| 2025 | 7.0% | +21.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.2% | 5.5% | 7.0% | 2 |
| 1980s | 6.5% | 2.6% | 9.7% | 10 |
| 1990s | 13.5% | 6.5% | 20.3% | 10 |
| 2000s | 7.6% | 6.8% | 8.7% | 10 |
| 2010s | 12.9% | 10.4% | 15.2% | 10 |
| 2020s | 7.4% | 5.8% | 9.6% | 6 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Net domestic credit (current LCU), per capita 711,957 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 88.96 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 4.42 billion SDR (2025)
- Reserves excluding gold 4.60 billion SDR (2025)
- Total reserves (gold at market value) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Jamaica?
- Interest rate spread in Jamaica was 7.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Jamaica?
- The highest recorded value was 20.3% in 1995.
- What is the lowest interest rate spread recorded in Jamaica?
- The lowest recorded value was 2.6% in 1984.
- How does Jamaica rank for interest rate spread?
- Jamaica ranks 40th out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Jamaica?
- Over the last ten years it is down 46.7%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.