Jamaica recorded a Government Budget deficit equal to 3.8% of the country's Gross Domestic Product in 2025. Government Budget in Jamaica averaged -2.09 percent of GDP from 2000 until 2025, 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 -0.10 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Government Budget is projected to trend around -0.20 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 40.00 Apr 2026
Government Budget -3.80 -1.00 percent of GDP Dec 2025
Government Debt 2246217.52 2250646.29 USD Million Sep 2025
Government Debt to GDP 67.90 73.30 percent of GDP Dec 2024
Holidays
Military Expenditure 286.60 276.20 USD Million Dec 2025


Jamaica Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -1.00 1.50 -6.72 2000 - 2025 percent of GDP Yearly