Jamaica recorded a Government Budget surplus equal to 1.40 percent of the country's Gross Domestic Product in 2019. source: Bank of Jamaica

Government Budget in Jamaica averaged -2.11 percent of GDP from 2000 until 2019, 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 January of 2021.

Government Budget in Jamaica is expected to reach -3.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Government Budget is projected to trend around -2.50 percent of GDP in 2021 and -1.50 percent of GDP in 2022, according to our econometric models.

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Jamaica Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.30 1.40 -6.72 2000 - 2019 percent of GDP Yearly

Jamaica Government Last Previous Highest Lowest Unit
Government Debt to GDP 103.30 120.60 212.40 70.50 percent [+]
Government Budget 1.40 1.30 1.40 -6.72 percent of GDP [+]
Military Expenditure 201.00 144.00 201.00 60.80 USD Million [+]
Government Debt 2079464.00 2136734.00 2158846.00 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.