Net incurrence of liabilities, total (% of GDP) in Jamaica
Jamaica: Net incurrence of liabilities, total (% of GDP) was -0.9% in 2013. ◆ Volatile
Net incurrence of liabilities, total in Jamaica, 2004–2013
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Jamaica is -0.9%, measured in 2013. That is the lowest value across all 10 years on record.
Compared with earlier readings it is down 120.8% on the previous year and down 126.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Jamaica peaked at 11.6% in 2009 and was at its lowest, -0.9%, in 2013.
Jamaica ranks 129th of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 3.5% | — |
| 2005 | 5.6% | +62.8% |
| 2006 | 4.3% | -23.2% |
| 2007 | 3.2% | -25.8% |
| 2008 | 5.0% | +54.6% |
| 2009 | 11.6% | +134.0% |
| 2010 | 9.7% | -16.3% |
| 2011 | 3.7% | -61.7% |
| 2012 | 4.5% | +19.4% |
| 2013 | -0.9% | -120.8% |
Jamaica compared with similar countries
- Jamaica's -0.9% is below the median for upper middle income countries, which is 2.9%. (47 countries reporting)
- Jamaica's -0.9% is below the median for Latin America & Caribbean, which is 2.7%. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 3.2% | 11.6% | 6 |
| 2010s | 4.2% | -0.9% | 9.7% | 4 |
Countries ranked near Jamaica
- 126 Iraq -0.4%
- 127 Saint Lucia -0.6% compare
- 128 Angola -0.7% compare
- 130 Saint Kitts and Nevis -1.0% compare
- 131 Seychelles -1.2% compare
- 132 Luxembourg -1.3%
More public sector data for Jamaica
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- 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)
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Frequently asked questions
- What is net incurrence of liabilities, total in Jamaica?
- Net incurrence of liabilities, total in Jamaica was -0.9% in 2013, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Jamaica?
- The highest recorded value was 11.6% in 2009.
- What is the lowest net incurrence of liabilities, total recorded in Jamaica?
- The lowest recorded value was -0.9% in 2013.
- How does Jamaica rank for net incurrence of liabilities, total?
- Jamaica ranks 129th out of 136 countries with data for 2013.
- Is net incurrence of liabilities, total rising or falling in Jamaica?
- Over the last ten years it is down 126.7%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.