Home Jamaica Government Government Debt to GDP

Jamaica Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

59.23% −3.20% (-5.1%)
Year 2025 Rank #78 Global Peak 140.26% (2012) Source IMF WEO

Jamaica Government Debt to GDP (1999–2025)

Overview

Jamaica's government debt to gdp stood at 59.23% in 2025, a decline of +3.20% from 2024. The IMF projects 59.23% by 2025. Jamaica ranked 78th globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 51.70% - -
2029* IMF 53.05% - -
2028* IMF 54.43% - -
2027* IMF 55.95% - -
2026* IMF 57.44% - -
2025* IMF 59.23% - -
2025 59.23% −3.20% #78
2024 62.43% −4.12% #114
2023 66.55% −3.62% #120
2022 70.17% −16.11% #129
2021 86.28% −15.00% #150
2020 101.27% +13.55% #158
2019 87.72% −0.54% #163
2018 88.26% −6.85% #169
2017 95.10% −11.80% #170
2016 106.91% −9.02% #177
2015 115.93% −18.48% #182
2014 134.40% −0.82% #183
2013 135.23% −5.03% #184
2012 140.26% +4.32% #185
2011 135.94% −1.89% #182
Show all years (1999-2025)
* IMF World Economic Outlook projection

Detected Pattern

Fiscal Dominance Trap
Government debt exceeding 80% of GDP with real interest rates negative and inflation above 10%. Monetary policy effectiveness impaired by fiscal pressures.
Inflation 10.3% Real rate -1.1%
Occurred 386 times, 278 successful
Inflation
28.2%
Real rate
-4.2%
Inflation
219.9%
Real rate
-47.4%
Inflation
28.3%
Real rate
-7.0%
Inflation
91.4%
Real rate
-26.9%
Inflation
13.6%
Real rate
-0.9%
Inflation
133.5%
Real rate
-17.3%

Analysis

Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Jamaica's government debt to gdp?

Jamaica's government debt to gdp was 59.23% in 2025. Ranked 78th globally. This represents a 5.1% decrease from the previous year.

What was the highest government debt to gdp in Jamaica?

Jamaica's government debt to gdp peaked at 140.26% in 2012.

What was the lowest government debt to gdp in Jamaica?

The lowest government debt to gdp in Jamaica was 59.23% in 2025.

How does Jamaica rank in government debt to gdp?

Jamaica ranks 78th globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Jamaica in 2025?

Jamaica's government debt to gdp is projected to reach 59.23% by 2025 based on IMF projection.

What is the government debt to gdp of Jamaica in 2025?

The government debt to gdp of Jamaica in 2025 was 59.23%. This ranks 78th in the world.

Cite this page

APA
Jamaica Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/jamaica/government-debt-to-gdp
BibTeX
@misc{historysaid_jamaica_government-debt-to-gdp, title = {Jamaica Government Debt to GDP}, url = {https://historysaid.com/jamaica/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }