Jamaica recorded a Government Budget deficit equal to 0.10 percent of the country's Gross Domestic Product in 2017. Government Budget in Jamaica averaged -2.53 percent of GDP from 2000 until 2017, reaching an all time high of 0.70 percent of GDP in 2000 and a record low of -6.72 percent of GDP in 2009. source: Bank of Jamaica

Government Budget in Jamaica is expected to be 0.40 percent of GDP by the end of this quarter, 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 2020, according to our econometric models.

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Jamaica Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.20 0.70 -6.72 2000 - 2017 percent of GDP Yearly


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.

Jamaica Government Last Previous Highest Lowest Unit
Government Debt to GDP 103.30 120.60 212.40 70.50 percent [+]
Government Budget -0.10 -0.20 0.70 -6.72 percent of GDP [+]
Military Expenditure 201.00 144.00 201.00 60.80 USD Million [+]
Credit Rating 31.00 [+]
Government Debt 2022279.00 2079002.00 2158846.00 2004658.00 USD Million [+]