Jamaica: Real interest rate
* indicates monthly or quarterly data series
Jamaica |
Real interest rate: Bank lending rate minus inflation |
---|---|
Latest value | -0.03 |
Year | 2023 |
Measure | percent |
Data availability | 1976 - 2023 |
Average | 6.02 |
Min - Max | -12.79 - 21.22 |
Source | The International Monetary Fund |
The latest value from 2023 is -0.03 percent, an increase from -1.23 percent in 2022. In comparison, the world average is 4.25 percent, based on data from 81 countries. Historically, the average for Jamaica from 1976 to 2023 is 6.02 percent. The minimum value, -12.79 percent, was reached in 1984 while the maximum of 21.22 percent was recorded in 1997.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Lending-deposit interest rate spread | 9.60 | 2020 | interest rate points |
Bank cost to income ratio | 67.27 | 2021 | percent |
Bank overhead cost | 4.06 | 2021 | percent |
Net interest margin | 3.72 | 2021 | percent |
Bank credit to deposits | 84.60 | 2021 | percent |
Regulatory capital to risk-weighted assets | 25.60 | 2000 | percent |
Return on assets | 1.78 | 2021 | percent |
Return on equity | 13.75 | 2021 | percent |
Banking system z-scores | 15.48 | 2021 | index points |
Liquid assets to deposits | 76.66 | 2021 | percent |
Non-interest income to total income | 48.16 | 2021 | percent |
Lending interest rate | 11.65 | 2023 | percent |
Real interest rate | -0.03 | 2023 | percent |
Legal rights | 9.00 | 2019 | points |
Credit information sharing | 8.00 | 2019 | points |