Jamaica: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Jamaica

Fiscal balance, percent of GDP

 Latest value 0.29
 Year 2024
 Measure percent
 Data availability 1990 - 2024
 Average -2.19
 Min - Max -11.13 - 3.23
 Source International Monetary Fund (IMF)
The latest value from 2024 is 0.29 percent, an increase from 0.04 percent in 2023. In comparison, the world average is -3.04 percent, based on data from 3 countries. Historically, the average for Jamaica from 1990 to 2024 is -2.19 percent. The minimum value, -11.13 percent, was reached in 2009 while the maximum of 3.23 percent was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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

Historical series
Jamaica - Fiscal balance, percent of GDP - historical chart - 1990-2024




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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest 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 0.29 2024 percent
 Government debt 67.88 2024 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 95.14 2022 million U.S. dollars
This site uses cookies.
Learn more here


OK