Total debt service in Jamaica
Jamaica: Total debt service was 11.3% in 2024. ▼ Falling
Total debt service in Jamaica, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in Jamaica is 11.3%, measured in 2024.
Compared with earlier readings it is down 19.6% on the previous year and down 2.1% over ten years.
Over the whole period, total debt service in Jamaica peaked at 33.3% in 2019 and was at its lowest, 5.8%, in 1998.
That places Jamaica 12th out of 122 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 55 years of available data.
Total debt service in Jamaica, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 17.4% | — |
| 1971 | 16.5% | -5.2% |
| 1972 | 13.3% | -19.4% |
| 1973 | 14.5% | +9.4% |
| 1974 | 13.0% | -10.7% |
| 1975 | 11.6% | -10.3% |
| 1976 | 22.9% | +96.8% |
| 1977 | 9.1% | -60.5% |
| 1978 | 27.7% | +205.6% |
| 1979 | 13.4% | -51.5% |
| 1980 | 11.4% | -15.0% |
| 1981 | 13.6% | +19.3% |
| 1982 | 11.6% | -14.5% |
| 1983 | 11.5% | -1.1% |
| 1984 | 21.0% | +82.7% |
| 1985 | 28.2% | +34.1% |
| 1986 | 27.4% | -3.0% |
| 1987 | 25.5% | -6.7% |
| 1988 | 21.1% | -17.3% |
| 1989 | 15.9% | -24.9% |
| 1990 | 16.0% | +0.6% |
| 1991 | 18.9% | +18.7% |
| 1992 | 21.1% | +11.5% |
| 1993 | 10.3% | -51.3% |
| 1994 | 11.5% | +11.8% |
| 1995 | 10.8% | -6.1% |
| 1996 | 9.2% | -14.8% |
| 1997 | 7.8% | -15.4% |
| 1998 | 5.8% | -25.4% |
| 1999 | 7.1% | +22.1% |
| 2000 | 8.2% | +15.7% |
| 2001 | 8.5% | +3.9% |
| 2002 | 9.4% | +10.0% |
| 2003 | 9.5% | +1.5% |
| 2004 | 8.9% | -6.0% |
| 2005 | 9.2% | +2.8% |
| 2006 | 7.4% | -19.9% |
| 2007 | 10.7% | +45.8% |
| 2008 | 9.0% | -16.4% |
| 2009 | 13.0% | +45.5% |
| 2010 | 9.4% | -28.2% |
| 2011 | 11.9% | +26.6% |
| 2012 | 12.4% | +4.4% |
| 2013 | 8.7% | -29.8% |
| 2014 | 11.6% | +33.2% |
| 2015 | 28.0% | +141.8% |
| 2016 | 13.3% | -52.6% |
| 2017 | 9.1% | -31.3% |
| 2018 | 9.0% | -1.1% |
| 2019 | 33.3% | +269.1% |
| 2020 | 12.6% | -62.0% |
| 2021 | 8.9% | -29.2% |
| 2022 | 8.4% | -5.8% |
| 2023 | 14.1% | +67.3% |
| 2024 | 11.3% | -19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.0% | 9.1% | 27.7% | 10 |
| 1980s | 18.7% | 11.4% | 28.2% | 10 |
| 1990s | 11.8% | 5.8% | 21.1% | 10 |
| 2000s | 9.4% | 7.4% | 13.0% | 10 |
| 2010s | 14.7% | 8.7% | 33.3% | 10 |
| 2020s | 11.1% | 8.4% | 14.1% | 5 |
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.08 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 13.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 111,319 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0497 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 397.73 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 5.81 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in Jamaica?
- Total debt service in Jamaica was 11.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Jamaica?
- The highest recorded value was 33.3% in 2019.
- What is the lowest total debt service recorded in Jamaica?
- The lowest recorded value was 5.8% in 1998.
- How does Jamaica rank for total debt service?
- Jamaica ranks 12th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Jamaica?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.