Jamaica Lending Rate
Lending interest rate FR.INR.LEND
Jamaica's lending rate was 11.73% in 2025, ranked 36th globally. This represents a 2.2% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Jamaica's lending rate stood at 11.73% in 2025, a decline of +0.27pp from 2024. Based on recent trends, this figure is projected to reach 11.73% by 2025. Jamaica ranked 36th globally.
Jamaica’s lending rate has fallen sharply from an all‑time peak of 49.46 % in 1994 to a trough of 11.40 % in 2022, reflecting successive monetary‑policy tightening cycles and structural reforms aimed at stabilising inflation and reducing external vulnerabilities. By 2025 the rate stood at 11.73 %, placing the island nation 36th globally and just above peers such as Nigeria (11.75 %) and Moldova (11.64 %). The 50‑year coverage shows a sustained downward trajectory since the early 2000s, with the most pronounced decline occurring after the 2008 global financial crisis when the Bank of Jamaica adopted a more accommodative stance to support growth. Although the current level remains modestly above the 2022 trough, the narrow gap suggests limited room for further cuts without risking financial stability. Future movements will likely hinge on the pace of fiscal consolidation, external debt servicing pressures and any spill‑over effects from global interest‑rate cycles.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 11.74% | - | - |
| 2026* trend | 11.73% | - | - |
| 2025* trend | 11.73% | - | - |
| 2025 | 11.73% | −0.27pp | #36 |
| 2024 | 12.00% | +0.34pp | #57 |
| 2023 | 11.65% | +0.25pp | #59 |
| 2022 | 11.41% | −0.09pp | #65 |
| 2021 | 11.49% | −0.57pp | #79 |
| 2020 | 12.06% | −0.94pp | #81 |
| 2019 | 13.00% | −1.10pp | #85 |
| 2018 | 14.09% | −0.81pp | #91 |
| 2017 | 14.91% | −1.58pp | #105 |
| 2016 | 16.49% | −0.49pp | #113 |
| 2015 | 16.98% | −0.24pp | #115 |
| 2014 | 17.22% | −0.50pp | #119 |
| 2013 | 17.72% | +0.09pp | #124 |
| 2012 | 17.63% | −1.88pp | #118 |
| 2011 | 19.51% | −0.95pp | #122 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's lending rate was 11.73% in 2025. Ranked 36th globally. This represents a 2.2% decrease from the previous year.
Jamaica's lending rate peaked at 49.46% in 1994.
The lowest lending rate in Jamaica was 11.41% in 2022.
Jamaica ranks 36th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Jamaica's lending rate is projected to reach 11.73% by 2025 based on trend extrapolation.
The lending rate of Jamaica in 2025 was 11.73%. This ranks 36th in the world.
Cite this page
@misc{historysaid_jamaica_lending-rate,
title = {Jamaica Lending Rate},
url = {https://historysaid.com/jamaica/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}