Interest payments in Jamaica
Jamaica: Interest payments was 129.04 billion current LCU in 2020. ◆ Volatile
Interest payments in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in Jamaica is 129.04 billion current LCU, measured in 2020.
Compared with earlier readings it is down 1.9% on the previous year and up 0.5% over ten years.
Over the whole period, interest payments in Jamaica peaked at 188.72 billion current LCU in 2009 and was at its lowest, 1.89 billion current LCU, in 1988.
That places Jamaica 49th out of 155 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1988 | 1.89 billion current LCU | — |
| 1989 | 2.34 billion current LCU | +24.4% |
| 1990 | 2.93 billion current LCU | +24.8% |
| 1991 | 4.14 billion current LCU | +41.5% |
| 1992 | 6.87 billion current LCU | +66.0% |
| 1993 | 9.88 billion current LCU | +43.7% |
| 1994 | 15.02 billion current LCU | +52.0% |
| 1995 | 17.97 billion current LCU | +19.7% |
| 1996 | 27.28 billion current LCU | +51.8% |
| 1997 | 24.56 billion current LCU | -10.0% |
| 1998 | 34.59 billion current LCU | +40.8% |
| 1999 | 41.78 billion current LCU | +20.8% |
| 2000 | 42.92 billion current LCU | +2.7% |
| 2001 | 51.01 billion current LCU | +18.8% |
| 2002 | 62.12 billion current LCU | +21.8% |
| 2003 | 88.17 billion current LCU | +41.9% |
| 2004 | 92.78 billion current LCU | +5.2% |
| 2005 | 88.30 billion current LCU | -4.8% |
| 2006 | 97.82 billion current LCU | +10.8% |
| 2007 | 101.72 billion current LCU | +4.0% |
| 2008 | 125.31 billion current LCU | +23.2% |
| 2009 | 188.72 billion current LCU | +50.6% |
| 2010 | 128.35 billion current LCU | -32.0% |
| 2011 | 120.64 billion current LCU | -6.0% |
| 2012 | 126.94 billion current LCU | +5.2% |
| 2013 | 109.92 billion current LCU | -13.4% |
| 2014 | 124.51 billion current LCU | +13.3% |
| 2015 | 125.68 billion current LCU | +0.9% |
| 2016 | 139.36 billion current LCU | +10.9% |
| 2017 | 135.18 billion current LCU | -3.0% |
| 2018 | 129.19 billion current LCU | -4.4% |
| 2019 | 131.49 billion current LCU | +1.8% |
| 2020 | 129.04 billion current LCU | -1.9% |
Jamaica compared with similar countries
- Jamaica's 129.04 billion current LCU is above the median for upper middle income countries, which is 34.20 billion current LCU, 3.8× the median. (48 countries reporting)
- Jamaica's 129.04 billion current LCU is above the median for Latin America & Caribbean, which is 12.21 billion current LCU, 10.6× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.12 billion current LCU | 1.89 billion current LCU | 2.34 billion current LCU | 2 |
| 1990s | 18.50 billion current LCU | 2.93 billion current LCU | 41.78 billion current LCU | 10 |
| 2000s | 93.89 billion current LCU | 42.92 billion current LCU | 188.72 billion current LCU | 10 |
| 2010s | 127.13 billion current LCU | 109.92 billion current LCU | 139.36 billion current LCU | 10 |
| 2020s | 129.04 billion current LCU | 129.04 billion current LCU | 129.04 billion current LCU | 1 |
Countries ranked near Jamaica
More public sector data for Jamaica
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Jamaica?
- Interest payments in Jamaica was 129.04 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Jamaica?
- The highest recorded value was 188.72 billion current LCU in 2009.
- What is the lowest interest payments recorded in Jamaica?
- The lowest recorded value was 1.89 billion current LCU in 1988.
- How does Jamaica rank for interest payments?
- Jamaica ranks 49th out of 155 countries with data for 2020.
- Is interest payments rising or falling in Jamaica?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.