Country profile · Edition 1

🇯🇲Jamaica

Caribbean

Score

47.0

Rank

43 of 46

Overview

Jamaica ranks 43rd of 46 economies, with a score of 47.0 out of 100. It is 2nd of 2 ranked economies in Caribbean.

Strongest: Consumer protection and Financial education (100). Weakest: Credit access (12); Youth education (17).

Dimension scores

Credit literacy33.0

Credit access12.0

Financial inclusion63.2

Digital banking49.7

Innovation33.3

Consumer protection100.0

Government support75.0

Financial education100.0

Youth education16.7

Public awareness25.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

33%33% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

12%12% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)

73.3%73% of adults have an account (Findex, 2021)

53%53% could raise emergency funds within 30 days without great difficulty (Findex, 2021)

49.7%50% of adults made or received a digital payment (Findex, 2021)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. There is no standalone course or graduation requirement. Young people are not a priority in a current national strategy.

Policy dimensions record whether a policy exists, not how well it works.