The average balance held in a deposit account in one of Jamaica’s 11 Deposit-Taking Institutions (DTIs) at December 31, 2024, was $343 150. The information is contained in the 2024 edition of the Economic and Social Survey Jamaica (ESSJ), a publication of the Planning Institute of Jamaica (PIOJ).
According to the survey, as at the end of December 2024, the balance in the Deposit Insurance Fund (DIF) was $47.5 billion, an increase of 15.2 per cent compared with December 2023. The DIF balance represented 8.1 per cent of the total estimated insured deposits in the banking system, relative to the Jamaica Deposit Insurance Corporation’s (JDIC) target reserve ratio of 8.0 — 10.0 per cent. This represents an increase of 0.7 percentage points compared with December 2023, the survey found.
