Jamaica Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Jamaica's gross savings was 21.98% in 2025, ranked 82nd globally. This represents a 8.3% decrease from 2024. Data from World Bank, covering 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.
Jamaica’s gross savings ratio has risen steadily from 10.87 percent in 1980 to 21.98 percent in 2025, placing the island nation 82nd in the world. The upward trajectory was punctuated by an all‑time peak of 29.13 percent in 1991, after which savings fell dramatically to a trough of 6.28 percent during the global financial crisis of 2008. The post‑crisis rebound has been gradual, with the 2025 figure narrowly surpassing the contemporary levels of peers such as Canada (21.80 percent) and Honduras (22.01 percent) and approaching Croatia’s 22.11 percent. The long‑run increase reflects higher fiscal consolidation, modest growth in private sector investment, and a modest rise in household saving propensity. Continued improvement will depend on sustaining economic growth, expanding formal employment, and maintaining prudent public‑debt management, which together could lift the savings ratio further and narrow the gap with higher‑saving economies.
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 |
Detected Pattern
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
Jamaica's gross savings was 21.98% in 2025. Ranked 82nd globally. This represents a 8.3% decrease from the previous year.
Jamaica's gross savings peaked at 29.13% in 1991.
The lowest gross savings in Jamaica was 6.28% in 2008.
Jamaica ranks 82nd globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Jamaica's gross savings is projected to reach 21.98% by 2025 based on IMF projection.
The gross savings of Jamaica in 2025 was 21.98%. This ranks 82nd in the world.
Cite this page
@misc{historysaid_jamaica_gross-savings,
title = {Jamaica Gross Savings},
url = {https://historysaid.com/jamaica/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}