Jamaica Deposit Rate
Deposit interest rate FR.INR.DPST
Jamaica's deposit rate was 7.46% in 2025, ranked 27th globally. This represents a 19.8% increase from 2024. Data from World Bank, covering 1978–2025.
Overview
Jamaica's deposit rate stood at 7.46% in 2025, a rise of +1.23pp from 2024. Based on recent trends, this figure is projected to reach 7.46% by 2025. Jamaica ranked 27th globally.
Jamaica’s deposit rate in 2025 stood at 7.46 percent, placing the island nation 27th in the world according to the World Bank. The figure reflects a long‑term upward trajectory after a historic low of 2.46 percent in 2020, the all‑time trough that coincided with the global pandemic‑induced liquidity squeeze. The rate’s earlier apex of 36.57 percent in 1994 occurred during a period of severe macro‑economic stress and high inflation, after which a gradual decline set in. Over the 48‑year coverage span, the deposit rate has fluctuated markedly, yet the recent level is comparable to peer economies such as Romania’s 7.55 percent and Angola’s 7.59 percent, and modestly above New Zealand’s 7.13 percent. The current stance suggests a tightening of monetary conditions aimed at curbing price pressures, but any resurgence of external shocks or fiscal imbalances could reverse the modest upward trend observed since the 2020 trough.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 9.62% | - | - |
| 2026* trend | 8.54% | - | - |
| 2025* trend | 7.46% | - | - |
| 2025 | 7.46% | +1.23pp | #27 |
| 2024 | 6.23% | +0.42pp | #60 |
| 2023 | 5.82% | +1.76pp | #64 |
| 2022 | 4.06% | +1.47pp | #65 |
| 2021 | 2.59% | +0.13pp | #64 |
| 2020 | 2.46% | −0.09pp | #56 |
| 2019 | 2.55% | −0.47pp | #50 |
| 2018 | 3.02% | −0.69pp | #56 |
| 2017 | 3.71% | +0.15pp | #82 |
| 2016 | 3.56% | −0.34pp | #76 |
| 2015 | 3.89% | −0.63pp | #79 |
| 2014 | 4.52% | +0.83pp | #90 |
| 2013 | 3.70% | −0.06pp | #72 |
| 2012 | 3.75% | −0.53pp | #67 |
| 2011 | 4.28% | −2.16pp | #72 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's deposit rate was 7.46% in 2025. Ranked 27th globally. This represents a 19.8% increase from the previous year.
Jamaica's deposit rate peaked at 36.57% in 1994.
The lowest deposit rate in Jamaica was 2.46% in 2020.
Jamaica ranks 27th globally in deposit rate as of 2025.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
Jamaica's deposit rate is projected to reach 7.46% by 2025 based on trend extrapolation.
The deposit rate of Jamaica in 2025 was 7.46%. This ranks 27th in the world.
Cite this page
@misc{historysaid_jamaica_deposit-rate,
title = {Jamaica Deposit Rate},
url = {https://historysaid.com/jamaica/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}