Jamaica: Lending interest rate

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Jamaica: Interest rates on bank credit to the private sector

: For that indicator, we provide data for Jamaica from 1976 to 2019. The average value for Jamaica during that period was 22.61 percent with a minimum of 13 percent in 2019 and a maximum of 49.46 percent in 1994. The latest value from 2019 is 13 percent. For comparison, the world average in 2019 based on 82 countries is 10.99 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The lending interest rate in Jamaica shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
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