Money market Rate, Percent per annum in Jamaica
Jamaica: Money market Rate, Percent per annum was 3 in 2019. ◆ Volatile
Money market Rate, Percent per annum in Jamaica, 1998–2019
Source: International Monetary Fund.
Analysis
Jamaica recorded 3 for money market rate, percent per annum in 2019. That is the lowest value across all 22 years on record.
The figure is down 65.9% over ten years.
Over the whole period, money market rate, percent per annum in Jamaica peaked at 25.53 in 2003 and was at its lowest, 3, in 2016.
That places Jamaica 63rd out of 94 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Money market Rate, Percent per annum in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 24.44 | — |
| 1999 | 21.5 | -12.0% |
| 2000 | 19.9 | -7.5% |
| 2001 | 19.1 | -4.0% |
| 2002 | 15.09 | -21.0% |
| 2003 | 25.53 | +69.2% |
| 2004 | 12.79 | -49.9% |
| 2005 | 10.96 | -14.3% |
| 2006 | 9.37 | -14.5% |
| 2007 | 9.04 | -3.5% |
| 2008 | 10.78 | +19.2% |
| 2009 | 8.79 | -18.5% |
| 2010 | 5.44 | -38.0% |
| 2011 | 3.59 | -34.0% |
| 2012 | 4.7 | +30.9% |
| 2013 | 5.26 | +12.0% |
| 2014 | 6.71 | +27.6% |
| 2015 | 3.31 | -50.7% |
| 2016 | 3 | -9.4% |
| 2017 | 3 | +0.0% |
| 2018 | 3 | +0.0% |
| 2019 | 3 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.97 | 21.5 | 24.44 | 2 |
| 2000s | 14.13 | 8.79 | 25.53 | 10 |
| 2010s | 4.1 | 3 | 6.71 | 10 |
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 money market rate, percent per annum in Jamaica?
- Money market rate, percent per annum in Jamaica was 3 in 2019, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Jamaica?
- The highest recorded value was 25.53 in 2003.
- What is the lowest money market rate, percent per annum recorded in Jamaica?
- The lowest recorded value was 3 in 2016.
- How does Jamaica rank for money market rate, percent per annum?
- Jamaica ranks 63rd out of 94 countries with data for 2019.
- Is money market rate, percent per annum rising or falling in Jamaica?
- Over the last ten years it is down 65.9%. 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 Money market 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.