Jamaica Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Jamaica's interest rate spread was 4.27% in 2025, ranked 61st globally. This represents a 26.0% decrease from 2024. Data from World Bank, covering 1978–2025.
Overview
Jamaica's interest rate spread stood at 4.27% in 2025, a decline of +1.50pp from 2024. Based on recent trends, this figure is projected to reach 4.27% by 2025. Jamaica ranked 61st globally.
Jamaica’s interest‑rate spread, defined as the gap between lending and deposit rates, has narrowed sharply from an all‑time peak of 20.27 % in 1995 to a trough of 2.60 % in 1984, before settling at 4.27 % in 2025, ranking 61st globally. The 48‑year series shows a pronounced contraction after the mid‑1990s, reflecting tighter monetary policy and reforms that lowered borrowing costs while modestly raising deposit yields. Compared with peer economies, the spread is slightly higher than Bulgaria’s 4.21 % and lower than the Russian Federation’s 4.44 %, indicating a middle‑of‑the‑road risk premium in the Caribbean context. The recent level remains above the 1984 trough, suggesting that while credit markets have become more efficient, some residual pricing of risk persists. Continued fiscal consolidation and deeper financial intermediation could further compress the spread, potentially bringing Jamaica’s figure closer to the lower end of its regional peers.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.12% | - | - |
| 2026* trend | 3.19% | - | - |
| 2025* trend | 4.27% | - | - |
| 2025 | 4.27% | −1.50pp | #61 |
| 2024 | 5.76% | −0.07pp | #44 |
| 2023 | 5.84% | −1.51pp | #50 |
| 2022 | 7.35% | −1.56pp | #66 |
| 2021 | 8.91% | −0.69pp | #84 |
| 2020 | 9.60% | −0.84pp | #87 |
| 2019 | 10.45% | −0.63pp | #93 |
| 2018 | 11.08% | −0.12pp | #97 |
| 2017 | 11.19% | −1.74pp | #109 |
| 2016 | 12.93% | −0.15pp | #116 |
| 2015 | 13.08% | +0.39pp | #116 |
| 2014 | 12.69% | −1.33pp | #117 |
| 2013 | 14.02% | +0.14pp | #121 |
| 2012 | 13.88% | −1.35pp | #119 |
| 2011 | 15.23% | +1.22pp | #119 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's interest rate spread was 4.27% in 2025. Ranked 61st globally. This represents a 26.0% decrease from the previous year.
Jamaica's interest rate spread peaked at 20.27% in 1995.
The lowest interest rate spread in Jamaica was 2.60% in 1984.
Jamaica ranks 61st globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Jamaica's interest rate spread is projected to reach 4.27% by 2025 based on trend extrapolation.
The interest rate spread of Jamaica in 2025 was 4.27%. This ranks 61st in the world.
Cite this page
@misc{historysaid_jamaica_interest-rate-spread,
title = {Jamaica Interest Rate Spread},
url = {https://historysaid.com/jamaica/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}