Debt service as a proportion of exports of goods, services and in Jamaica
Jamaica: Debt service as a proportion of exports of goods, services and was 21.7% in 2023. ▲ Rising
Latest (2023)
21.7%
Change on year
up 21.1%
World rank
6th
of 125 countries
All-time high
37.3%
in 2016
All-time low
14.3%
in 2006
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Jamaica, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Jamaica recorded 21.7% for debt service as a proportion of exports of goods, services and in 2023.
The figure is up 21.1% on the previous year and down 4.6% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Jamaica peaked at 37.3% in 2016 and was at its lowest, 14.3%, in 2006.
Jamaica ranks 6th of 125 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Debt service as a proportion of exports of goods, services and in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 15.4% | — |
| 2001 | 19.5% | +26.1% |
| 2002 | 23.7% | +22.0% |
| 2003 | 21.8% | -8.0% |
| 2004 | 19.6% | -10.1% |
| 2005 | 21.0% | +7.0% |
| 2006 | 14.3% | -32.0% |
| 2007 | 18.8% | +31.6% |
| 2008 | 15.8% | -16.1% |
| 2009 | 29.3% | +85.8% |
| 2010 | 19.6% | -33.0% |
| 2011 | 27.3% | +39.2% |
| 2012 | 22.9% | -16.1% |
| 2013 | 22.8% | -0.5% |
| 2014 | 28.5% | +25.0% |
| 2015 | 27.5% | -3.3% |
| 2016 | 37.3% | +35.4% |
| 2017 | 24.5% | -34.4% |
| 2018 | 18.1% | -25.9% |
| 2019 | 32.3% | +78.1% |
| 2020 | 33.5% | +3.7% |
| 2021 | 24.8% | -25.8% |
| 2022 | 18.0% | -27.7% |
| 2023 | 21.7% | +21.1% |
Jamaica compared with similar countries
- Jamaica's 21.7% is above the median for upper middle income countries, which is 7.6%, 2.8× the median. (49 countries reporting)
- Jamaica's 21.7% is above the median for Latin America & Caribbean, which is 7.4%, 2.9× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.9% | 14.3% | 29.3% | 10 |
| 2010s | 26.1% | 18.1% | 37.3% | 10 |
| 2020s | 24.5% | 18.0% | 33.5% | 4 |
Countries ranked near Jamaica
More economy & growth data for Jamaica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.07 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.3763 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 305.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -38.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0139 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 107.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Jamaica?
- Debt service as a proportion of exports of goods, services and in Jamaica was 21.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Jamaica?
- The highest recorded value was 37.3% in 2016.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Jamaica?
- The lowest recorded value was 14.3% in 2006.
- How does Jamaica rank for debt service as a proportion of exports of goods, services and?
- Jamaica ranks 6th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Jamaica?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
Download this data
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