Jamaica recorded a Government Budget deficit equal to 1 percent of the country's Gross Domestic Product in 2024. Government Budget in Jamaica averaged -2.02 percent of GDP from 2000 until 2024, reaching an all time high of 1.50 percent of GDP in 2019 and a record low of -6.72 percent of GDP in 2009. source: Ministry of Finance & the Public Service
Government Budget in Jamaica is expected to reach -0.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Government Budget is projected to trend around -0.10 percent of GDP in 2026 and -0.20 percent of GDP in 2027, according to our econometric models.