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% |
Jamaica compared with similar countries
- Jamaica's 3 is below the median for upper middle income countries, which is 6.74, 45% of the median. (32 countries reporting)
- Jamaica's 3 is below the median for Latin America & Caribbean, which is 6.89, 44% of the median. (22 countries reporting)
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
- 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 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.