Home Jamaica Economy & Growth Gross Savings

Jamaica Gross Savings

Gross savings as % of GDP  NY.GNS.ICTR.ZS

21.98% −1.98% (-8.3%)
Year 2025 Rank #82 Global Peak 29.13% (1991) Source World Bank

Jamaica Gross Savings (1980–2025)

Overview

Jamaica's gross savings stood at 21.98% in 2025, a decline of +1.98% from 2024. The IMF projects 21.98% by 2025. Jamaica ranked 82nd globally.

Data & projection

Year Gross Savings YoY change Rank
2030* IMF 16.01% - -
2029* IMF 16.56% - -
2028* IMF 17.58% - -
2027* IMF 18.61% - -
2026* IMF 20.22% - -
2025* IMF 21.98% - -
2025 21.98% −1.98% #82
2024 23.96% −3.37% #77
2023 27.33% +3.96% #58
2022 23.37% +4.12% #84
2021 19.25% +0.69% #116
2020 18.56% −4.21% #117
2019 22.77% +0.59% #91
2018 22.18% +0.69% #92
2017 21.49% +0.43% #94
2016 21.06% +2.95% #98
2015 18.11% +3.60% #119
2014 14.51% +2.02% #137
2013 12.49% +1.20% #147
2012 11.29% +2.52% #154
2011 8.78% −5.02% #160
Show all years (1980-2025)
* 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 gross savings improve within 24 months. View full analysis →

Frequently Asked Questions

What is Jamaica's gross savings?

Jamaica's gross savings was 21.98% in 2025. Ranked 82nd globally. This represents a 8.3% decrease from the previous year.

What was the highest gross savings in Jamaica?

Jamaica's gross savings peaked at 29.13% in 1991.

What was the lowest gross savings in Jamaica?

The lowest gross savings in Jamaica was 6.28% in 2008.

How does Jamaica rank in gross savings?

Jamaica ranks 82nd globally in gross savings as of 2025.

What is the World Bank indicator code for gross savings?

The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.

What is the projected gross savings of Jamaica in 2025?

Jamaica's gross savings is projected to reach 21.98% by 2025 based on IMF projection.

What is the gross savings of Jamaica in 2025?

The gross savings of Jamaica in 2025 was 21.98%. This ranks 82nd in the world.

Cite this page

APA
Jamaica Gross Savings. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/jamaica/gross-savings
BibTeX
@misc{historysaid_jamaica_gross-savings, title = {Jamaica Gross Savings}, url = {https://historysaid.com/jamaica/gross-savings}, publisher = {HistorySaid}, year = {2026} }