Interest payments in Jamaica
Jamaica: Interest payments was 22.0% in 2020. ▼ Falling
Interest payments in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in Jamaica is 22.0%, measured in 2020. That is the lowest value across all 33 years on record.
Compared with earlier readings it is down 9.0% on the previous year and down 42.9% over ten years.
Over the whole period, interest payments in Jamaica peaked at 50.9% in 2003 and was at its lowest, 22.0%, in 2020.
Jamaica ranks 11th of 152 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 33 years of available data.
Interest payments in Jamaica, year by year
| Year | % of expense | Change |
|---|---|---|
| 1988 | 36.7% | — |
| 1989 | 38.2% | +4.1% |
| 1990 | 39.2% | +2.5% |
| 1991 | 38.9% | -0.6% |
| 1992 | 42.1% | +8.2% |
| 1993 | 38.9% | -7.5% |
| 1994 | 43.6% | +11.9% |
| 1995 | 40.4% | -7.2% |
| 1996 | 42.5% | +5.0% |
| 1997 | 34.1% | -19.8% |
| 1998 | 40.8% | +19.8% |
| 1999 | 44.8% | +9.9% |
| 2000 | 44.8% | -0.1% |
| 2001 | 44.9% | +0.1% |
| 2002 | 44.0% | -1.9% |
| 2003 | 50.9% | +15.6% |
| 2004 | 49.3% | -3.2% |
| 2005 | 45.9% | -6.8% |
| 2006 | 43.6% | -5.1% |
| 2007 | 40.2% | -7.7% |
| 2008 | 40.4% | +0.4% |
| 2009 | 48.8% | +20.7% |
| 2010 | 38.5% | -21.0% |
| 2011 | 34.5% | -10.5% |
| 2012 | 35.1% | +1.8% |
| 2013 | 30.7% | -12.6% |
| 2014 | 31.4% | +2.5% |
| 2015 | 29.4% | -6.6% |
| 2016 | 30.2% | +2.8% |
| 2017 | 26.8% | -11.4% |
| 2018 | 24.0% | -10.3% |
| 2019 | 24.2% | +0.7% |
| 2020 | 22.0% | -9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 37.5% | 36.7% | 38.2% | 2 |
| 1990s | 40.5% | 34.1% | 44.8% | 10 |
| 2000s | 45.3% | 40.2% | 50.9% | 10 |
| 2010s | 30.5% | 24.0% | 38.5% | 10 |
| 2020s | 22.0% | 22.0% | 22.0% | 1 |
Countries ranked near Jamaica
More public sector data for Jamaica
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.52 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 92.46 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0119 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 262.51 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 923.36 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Jamaica?
- Interest payments in Jamaica was 22.0% 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 50.9% in 2003.
- What is the lowest interest payments recorded in Jamaica?
- The lowest recorded value was 22.0% in 2020.
- How does Jamaica rank for interest payments?
- Jamaica ranks 11th out of 152 countries with data for 2020.
- Is interest payments rising or falling in Jamaica?
- Over the last ten years it is down 42.9%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.