Interest payments in Jamaica
Jamaica: Interest payments was 22.4% in 2020. ▼ Falling
Interest payments in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in Jamaica is 22.4%, measured in 2020.
That represents a change of up 10.8% on the previous year and down 44.8% over ten years.
Over the whole period, interest payments in Jamaica peaked at 62.9% in 2009 and was at its lowest, 20.2%, in 2019.
That places Jamaica 12th out of 155 countries with data for 2020, putting it 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 revenue | Change |
|---|---|---|
| 1988 | 30.7% | — |
| 1989 | 27.9% | -9.3% |
| 1990 | 30.3% | +8.9% |
| 1991 | 27.5% | -9.4% |
| 1992 | 29.2% | +6.2% |
| 1993 | 29.4% | +0.7% |
| 1994 | 33.7% | +14.6% |
| 1995 | 30.7% | -8.9% |
| 1996 | 43.2% | +40.9% |
| 1997 | 37.0% | -14.5% |
| 1998 | 46.7% | +26.2% |
| 1999 | 46.0% | -1.5% |
| 2000 | 42.5% | -7.6% |
| 2001 | 49.7% | +17.0% |
| 2002 | 53.0% | +6.6% |
| 2003 | 58.8% | +10.9% |
| 2004 | 54.1% | -8.0% |
| 2005 | 47.3% | -12.6% |
| 2006 | 46.3% | -2.2% |
| 2007 | 40.4% | -12.8% |
| 2008 | 45.4% | +12.4% |
| 2009 | 62.9% | +38.6% |
| 2010 | 40.6% | -35.4% |
| 2011 | 37.4% | -7.8% |
| 2012 | 36.8% | -1.7% |
| 2013 | 27.7% | -24.8% |
| 2014 | 30.2% | +9.2% |
| 2015 | 27.6% | -8.8% |
| 2016 | 27.9% | +1.1% |
| 2017 | 24.1% | -13.5% |
| 2018 | 20.5% | -14.8% |
| 2019 | 20.2% | -1.5% |
| 2020 | 22.4% | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29.3% | 27.9% | 30.7% | 2 |
| 1990s | 35.4% | 27.5% | 46.7% | 10 |
| 2000s | 50.0% | 40.4% | 62.9% | 10 |
| 2010s | 29.3% | 20.2% | 40.6% | 10 |
| 2020s | 22.4% | 22.4% | 22.4% | 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 22.4% 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 62.9% in 2009.
- What is the lowest interest payments recorded in Jamaica?
- The lowest recorded value was 20.2% in 2019.
- How does Jamaica rank for interest payments?
- Jamaica ranks 12th out of 155 countries with data for 2020.
- Is interest payments rising or falling in Jamaica?
- Over the last ten years it is down 44.8%. 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.