Number of Loan Accounts, Commercial Banks, of Which: Household Sector in Jamaica
Jamaica: Number of Loan Accounts, Commercial Banks, of Which: Household Sector was 615,335 in 2024. ▲ Rising
Number of Loan Accounts, Commercial Banks, of Which: Household Sector in Jamaica, 2007–2024
Source: International Monetary Fund.
Analysis
The most recent figure for number of loan accounts, commercial banks, of which: household sector in Jamaica is 615,335, measured in 2024. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 8.6% on the previous year and up 44.4% over ten years.
Over the whole period, number of loan accounts, commercial banks, of which: household sector in Jamaica peaked at 615,335 in 2024 and was at its lowest, 342,937, in 2011.
Jamaica ranks 54th of 100 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Number of Loan Accounts, Commercial Banks, of Which: Household Sector in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 370,606 | — |
| 2008 | 381,681 | +3.0% |
| 2009 | 365,013 | -4.4% |
| 2010 | 352,984 | -3.3% |
| 2011 | 342,937 | -2.8% |
| 2012 | 372,370 | +8.6% |
| 2013 | 395,369 | +6.2% |
| 2014 | 426,034 | +7.8% |
| 2015 | 431,730 | +1.3% |
| 2016 | 463,640 | +7.4% |
| 2017 | 433,640 | -6.5% |
| 2018 | 465,551 | +7.4% |
| 2019 | 527,209 | +13.2% |
| 2020 | 527,899 | +0.1% |
| 2021 | 540,429 | +2.4% |
| 2022 | 558,331 | +3.3% |
| 2023 | 566,746 | +1.5% |
| 2024 | 615,335 | +8.6% |
Jamaica compared with similar countries
- Jamaica's 615,335 is below the median for upper middle income countries, which is 1.03 million, 60% of the median. (39 countries reporting)
- Jamaica's 615,335 is below the median for Latin America & Caribbean, which is 2.04 million, 30% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 372,433 | 365,013 | 381,681 | 3 |
| 2010s | 421,146 | 342,937 | 527,209 | 10 |
| 2020s | 561,748 | 527,899 | 615,335 | 5 |
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 number of loan accounts, commercial banks, of which: household sector in Jamaica?
- Number of loan accounts, commercial banks, of which: household sector in Jamaica was 615,335 in 2024, according to International Monetary Fund.
- What is the highest number of loan accounts, commercial banks, of which: household sector recorded in Jamaica?
- The highest recorded value was 615,335 in 2024.
- What is the lowest number of loan accounts, commercial banks, of which: household sector recorded in Jamaica?
- The lowest recorded value was 342,937 in 2011.
- How does Jamaica rank for number of loan accounts, commercial banks, of which: household sector?
- Jamaica ranks 54th out of 100 countries with data for 2024.
- Is number of loan accounts, commercial banks, of which: household sector rising or falling in Jamaica?
- Over the last ten years it is up 44.4%. 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 Number of Loan Accounts, Commercial Banks, of Which: Household Sector Loan Accounts. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.