Monetary policy-related, Rate, Percent per annum in Jamaica
Jamaica: Monetary policy-related, Rate, Percent per annum was 7 in 2022. ◆ Volatile
Monetary policy-related, Rate, Percent per annum in Jamaica, 2002–2022
Source: International Monetary Fund.
Analysis
In 2022, monetary policy-related, rate, percent per annum in Jamaica stood at 7.
The figure is up 180.0% on the previous year and up 12.0% over ten years.
Over the whole period, monetary policy-related, rate, percent per annum in Jamaica peaked at 17 in 2009 and was at its lowest, 0.5, in 2019.
That places Jamaica 25th out of 80 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary policy-related, Rate, Percent per annum in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 12.95 | — |
| 2003 | 15 | +15.8% |
| 2004 | 14.4 | -4.0% |
| 2005 | 12.95 | -10.1% |
| 2006 | 12.6 | -2.7% |
| 2007 | 11.65 | -7.5% |
| 2008 | 12.65 | +8.6% |
| 2009 | 17 | +34.4% |
| 2010 | 10.5 | -38.2% |
| 2011 | 8 | -23.8% |
| 2012 | 6.25 | -21.9% |
| 2013 | 6.25 | +0.0% |
| 2014 | 5.75 | -8.0% |
| 2015 | 5.25 | -8.7% |
| 2016 | 5 | -4.8% |
| 2017 | 3.25 | -35.0% |
| 2018 | 1.75 | -46.2% |
| 2019 | 0.5 | -71.4% |
| 2020 | 0.5 | +0.0% |
| 2021 | 2.5 | +400.0% |
| 2022 | 7 | +180.0% |
Jamaica compared with similar countries
- Jamaica's 7 is above the median for upper middle income countries, which is 6, 1.2× the median. (31 countries reporting)
- Jamaica's 7 is above the median for Latin America & Caribbean, which is 6, 1.2× the median. (17 countries reporting)
Biggest year-on-year movements
Years where Monetary policy-related, Rate, Percent per annum in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +400.0% | 0.5 | 2.5 |
| 2022 | +180.0% | 2.5 | 7 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.65 | 11.65 | 17 | 8 |
| 2010s | 5.25 | 0.5 | 10.5 | 10 |
| 2020s | 3.33 | 0.5 | 7 | 3 |
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 monetary policy-related, rate, percent per annum in Jamaica?
- Monetary policy-related, rate, percent per annum in Jamaica was 7 in 2022, according to International Monetary Fund.
- What is the highest monetary policy-related, rate, percent per annum recorded in Jamaica?
- The highest recorded value was 17 in 2009.
- What is the lowest monetary policy-related, rate, percent per annum recorded in Jamaica?
- The lowest recorded value was 0.5 in 2019.
- How does Jamaica rank for monetary policy-related, rate, percent per annum?
- Jamaica ranks 25th out of 80 countries with data for 2022.
- Is monetary policy-related, rate, percent per annum rising or falling in Jamaica?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Monetary policy-related, Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.