Debt service (PPG and IMF only, % of exports of goods, services and) in Jamaica
Jamaica: Debt service (PPG and IMF only, % of exports of goods, services and) was 19.8% in 2024. ▬ Flat
Debt service (PPG and IMF only, % of exports of goods, services and) in Jamaica, 1976–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
The most recent figure for debt service (ppg and imf only, % of exports of goods, services and) in Jamaica is 19.8%, measured in 2024.
The figure is down 8.7% on the previous year and down 30.5% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Jamaica peaked at 46.0% in 1986 and was at its lowest, 12.2%, in 1976.
That places Jamaica 13th out of 118 countries with data for 2024, putting it in the top quarter.
Debt service (PPG and IMF only, % of exports of goods, services and) in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 12.2% | — |
| 1977 | 16.2% | +32.4% |
| 1978 | 18.8% | +16.1% |
| 1979 | 19.8% | +5.3% |
| 1980 | 17.6% | -11.2% |
| 1981 | 21.6% | +23.1% |
| 1982 | 24.7% | +14.1% |
| 1983 | 27.5% | +11.4% |
| 1984 | 29.6% | +7.6% |
| 1985 | 37.4% | +26.2% |
| 1986 | 46.0% | +23.2% |
| 1987 | 44.3% | -3.8% |
| 1988 | 40.1% | -9.5% |
| 1989 | 30.4% | -24.1% |
| 1990 | 27.1% | -11.0% |
| 1991 | 29.8% | +9.9% |
| 1992 | 28.8% | -3.2% |
| 1993 | 20.9% | -27.4% |
| 1994 | 18.0% | -13.7% |
| 1995 | 17.8% | -1.2% |
| 1996 | 17.8% | +0.2% |
| 1997 | 16.4% | -8.3% |
| 1998 | 12.3% | -24.5% |
| 1999 | 15.0% | +21.3% |
| 2000 | 15.4% | +2.9% |
| 2001 | 19.5% | +26.1% |
| 2002 | 23.7% | +22.0% |
| 2003 | 21.8% | -8.0% |
| 2004 | 19.6% | -10.1% |
| 2005 | 21.0% | +7.0% |
| 2006 | 14.3% | -32.0% |
| 2007 | 18.8% | +31.6% |
| 2008 | 15.8% | -16.1% |
| 2009 | 29.3% | +85.8% |
| 2010 | 19.6% | -33.0% |
| 2011 | 27.3% | +39.2% |
| 2012 | 22.9% | -16.1% |
| 2013 | 22.8% | -0.5% |
| 2014 | 28.5% | +25.0% |
| 2015 | 27.5% | -3.3% |
| 2016 | 37.3% | +35.4% |
| 2017 | 24.5% | -34.4% |
| 2018 | 18.1% | -25.9% |
| 2019 | 32.3% | +78.1% |
| 2020 | 33.5% | +3.7% |
| 2021 | 24.4% | -27.1% |
| 2022 | 18.0% | -26.4% |
| 2023 | 21.7% | +20.8% |
| 2024 | 19.8% | -8.7% |
Jamaica compared with similar countries
- Jamaica's 19.8% is above the median for upper middle income countries, which is 7.8%, 2.5× the median. (50 countries reporting)
- Jamaica's 19.8% is above the median for Latin America & Caribbean, which is 10.0%, 2.0× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.8% | 12.2% | 19.8% | 4 |
| 1980s | 31.9% | 17.6% | 46.0% | 10 |
| 1990s | 20.4% | 12.3% | 29.8% | 10 |
| 2000s | 19.9% | 14.3% | 29.3% | 10 |
| 2010s | 26.1% | 18.1% | 37.3% | 10 |
| 2020s | 23.5% | 18.0% | 33.5% | 5 |
Countries ranked near Jamaica
More external debt data for Jamaica
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -3,693 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 5.2% (2024)
- Net financial flows, IBRD -21.88 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 14.6% (2024)
- Net financial flows, IBRD (NFL, current US$), annual growth rate 49.66 % change on previous year (2024)
- Other investment, Debt instruments 3.86 billion US dollar (2025)
- Use of IMF credit 1.74 billion DOD, current US$ (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Jamaica?
- Debt service (ppg and imf only, % of exports of goods, services and) in Jamaica was 19.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Jamaica?
- The highest recorded value was 46.0% in 1986.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Jamaica?
- The lowest recorded value was 12.2% in 1976.
- How does Jamaica rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Jamaica ranks 13th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Jamaica?
- Over the last ten years it is down 30.5%. The long-run trend across the full record is flat.
- Where does this Jamaica data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.