Jamaica recorded a Government Budget deficit equal to 3.90 percent of the country's Gross Domestic Product in 2020. source: Bank of Jamaica

Government Budget in Jamaica averaged -2.20 percent of GDP from 2000 until 2020, reaching an all time high of 1.40 percent of GDP in 2019 and a record low of -6.72 percent of GDP in 2009. This page provides - Jamaica Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Jamaica is expected to reach -1.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Government Budget is projected to trend around 0.30 percent of GDP in 2022, according to our econometric models.

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Jamaica Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.90 1.40 1.40 -6.72 2000 - 2020 percent of GDP Yearly

Jamaica Government Last Previous Highest Lowest Unit
Government Debt to GDP 110.10 94.80 212.40 70.50 percent of GDP [+]
Government Budget -3.90 1.40 1.40 -6.72 percent of GDP [+]
Military Expenditure 247.00 265.00 265.00 63.20 USD Million [+]
Government Debt 2169796.20 2234350.00 2234350.00 1970612.00 USD Million [+]
Credit Rating 33.00 [+]


Jamaica Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.