The conservation status of the Rufous-tailed Jacamar is rated as of Least Concern by the IUCN (BirdLife International 2009b). The Rufous-tailed Jacamar has a very wide geographic distribution, and although the population trend is believed to be decreasing (BirdLife International), its relative abundance usually is assessed as common to fairly common (Mexico, Howell and Webb 1995), fairly common (Costa Rica, Stiles and Skutch 1989; Trinidad, ffrench 1991), or common (Colombia, Hilty and Brown 1986; Venezuela, Hilty 2003).

Although this species is not currently threatened or endangered, Skutch (1962) observed a disappearance of breeding Rufous-tailed Jacamars in an area with increasing human presence, and subsequent forest disturbance by people and dogs.