Jamaica: Lending interest rate

The latest value from 2025 is 12.14 percent, an increase from 12 percent in 2024. In comparison, the world average is 11.86 percent, based on data from 66 countries. Historically, the average for Jamaica from 1976 to 2025 is 21.31 percent. The minimum value, 11.4 percent, was reached in 2022 while the maximum of 49.46 percent was recorded in 1994. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.