Jamaica: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Jamaica

Fiscal balance, percent of GDP

 Latest value 0.28
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average -2.25
 Min - Max -11.13 - 3.23
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Jamaica from 1990 to 2023. The average value for Jamaica during that period was -2.25 percent with a minimum of -11.13 percent in 2009 and a maximum of 3.23 percent in 1991. The latest value from 2023 is 0.28 percent. For comparison, the world average in 2023 based on 7 countries is -2.73 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Jamaica - Fiscal balance, percent of GDP - recent values

Historical chart
Jamaica - Fiscal balance, percent of GDP - historical chart - 1990-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.58 2019 percent
 Government spending, in dollars 2.15 2019 billion U.S. dollars
 Fiscal balance, percent of GDP 0.28 2023 percent
 Government debt 72.34 2023 percent
 Tax revenue 25.71 2020 percent
 Commercial tax rate 35.10 2019 percent
 Tax preparation time 268 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 45.81 2020 percent
 Taxes on international trade 8.83 2020 percent
 Income and profits taxes 33.24 2020 percent
 Foreign aid 58.45 2021 million U.S. dollars
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