Deposit interest rate — all countries

Deposit interest rate — Jamaica

Deposit interest rate in Jamaica in 2025 — 5.16%. Ranked 25 in the world out of 70. Since 1978, the indicator has fallen by 1.57 pp.

2025 5.16% −1.07 pp vs 2024
World rank 25of 70
Period maximum 36.57%1994
Period minimum 2.46%2020

Trend over time

1978–2025 · % per annum

Deposit interest rate — Jamaica, 1978–202501020304019781983198819931998200320082013201820231978: 6.73%1979: 8.32%1980: 9.58%1981: 10.6%1982: 10.76%1983: 13.66%1984: 15.93%1985: 19.66%1986: 18.84%1987: 15.71%1988: 15.87%1989: 16.02%1990: 23.98%1991: 24.78%1992: 33.78%1993: 27.71%1994: 36.57%1995: 23.31%1996: 25.17%1997: 13.87%1998: 16.4%1999: 14.12%2000: 14.66%2001: 13.32%2002: 11.51%2003: 11.79%2004: 10.75%2005: 9.82%2006: 9.26%2007: 8.89%2008: 9.12%2009: 9.67%2010: 6.44%2011: 4.28%2012: 3.75%2013: 3.7%2014: 4.52%2015: 3.89%2016: 3.56%2017: 3.71%2018: 3.02%2019: 2.55%2020: 2.46%2021: 2.59%2022: 4.06%2023: 5.82%2024: 6.23%2025: 5.16%
Change over the period: −1.57 pp Annual average: -0.03 pp
Deposit interest rate — Jamaica, by year Jamaica All countries CSV XLSX
Year % Change, pp
2025 5.16 −1.07 pp
2024 6.23 +0.42 pp
2023 5.82 +1.76 pp
2022 4.06 +1.47 pp
2021 2.59 +0.13 pp
2020 2.46 −0.09 pp
2019 2.55 −0.47 pp
2018 3.02 −0.69 pp
2017 3.71 +0.15 pp
2016 3.56 −0.34 pp
2015 3.89 −0.63 pp
2014 4.52 +0.83 pp
2013 3.7 −0.06 pp
2012 3.75 −0.53 pp
2011 4.28 −2.16 pp
2010 6.44 −3.23 pp
2009 9.67 +0.55 pp
2008 9.12 +0.24 pp
2007 8.89 −0.37 pp
2006 9.26 −0.56 pp
2005 9.82 −0.94 pp
2004 10.75 −1.04 pp
2003 11.79 +0.29 pp
2002 11.51 −1.81 pp
2001 13.32 −1.35 pp
2000 14.66 +0.55 pp
1999 14.12 −2.29 pp
1998 16.4 +2.53 pp
1997 13.87 −11.3 pp
1996 25.17 +1.86 pp
1995 23.31 −13.26 pp
1994 36.57 +8.86 pp
1993 27.71 −6.06 pp
1992 33.78 +9 pp
1991 24.78 +0.8 pp
1990 23.98 +7.96 pp
1989 16.02 +0.15 pp
1988 15.87 +0.16 pp
1987 15.71 −3.13 pp
1986 18.84 −0.82 pp
1985 19.66 +3.73 pp
1984 15.93 +2.27 pp
1983 13.66 +2.9 pp
1982 10.76 +0.16 pp
1981 10.6 +1.02 pp
1980 9.58 +1.26 pp
1979 8.32 +1.59 pp
1978 6.73

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

Source: World Economic Outlook (IMF), license IMF open data.