Budget balance — all countries

Budget balance — Jamaica

Budget balance in Jamaica in 2031 — -1.5%. Ranked 67 in the world out of 188. Since 1990, the indicator has fallen by 3.6 pp.

2031 -1.5% +0.1 pp vs 2030
World rank 67of 188
Period maximum 3.1%1991
Period minimum -10.8%2009

Trend over time

1990–2031 · % of GDP

Budget balance — Jamaica, 1990–2031-15-10-5051990199520002005201020152020202520301990: 2.1%1991: 3.1%1992: 2.8%1993: 2.4%1994: 2.4%1995: 1.5%1996: -5.2%1997: -6.4%1998: -5.7%1999: -3.4%2000: -0.8%2001: -4.8%2002: -6.6%2003: -5.4%2004: -4.6%2005: -3.2%2006: -4.7%2007: -3.7%2008: -7.3%2009: -10.8%2010: -6.2%2011: -6.2%2012: -4%2013: 0.1%2014: -0.5%2015: -0.3%2016: -0.2%2017: 0.4%2018: 1.1%2019: 0.8%2020: -2.9%2021: 0.8%2022: 0.3%2023: 0%2024: 0.2%2025: -3.8%2026: -4.9%2027: -3.1%2028: -2.1%2029: -1.7%2030: -1.6%2031: -1.5%
Change over the period: −3.6 pp Annual average: -0.09 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Jamaica

Jamaica -1.5%
World computed -4.85%
Latin America & Caribbean computed -3.31%
Budget balance — Jamaica, by year Jamaica All countries CSV XLSX
Year % Change, pp
2031 -1.5 +0.1 pp
2030 -1.6 +0.1 pp
2029 -1.7 +0.4 pp
2028 -2.1 +1 pp
2027 -3.1 +1.8 pp
2026 -4.9 −1.1 pp
2025 -3.8 −4 pp
2024 0.2 +0.2 pp
2023 0 −0.3 pp
2022 0.3 −0.5 pp
2021 0.8 +3.7 pp
2020 -2.9 −3.7 pp
2019 0.8 −0.3 pp
2018 1.1 +0.7 pp
2017 0.4 +0.6 pp
2016 -0.2 +0.1 pp
2015 -0.3 +0.2 pp
2014 -0.5 −0.6 pp
2013 0.1 +4.1 pp
2012 -4 +2.2 pp
2011 -6.2 +0 pp
2010 -6.2 +4.6 pp
2009 -10.8 −3.5 pp
2008 -7.3 −3.6 pp
2007 -3.7 +1 pp
2006 -4.7 −1.5 pp
2005 -3.2 +1.4 pp
2004 -4.6 +0.8 pp
2003 -5.4 +1.2 pp
2002 -6.6 −1.8 pp
2001 -4.8 −4 pp
2000 -0.8 +2.6 pp
1999 -3.4 +2.3 pp
1998 -5.7 +0.7 pp
1997 -6.4 −1.2 pp
1996 -5.2 −6.7 pp
1995 1.5 −0.9 pp
1994 2.4 +0 pp
1993 2.4 −0.4 pp
1992 2.8 −0.3 pp
1991 3.1 +1 pp
1990 2.1

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.