Multilateral debt service in Jamaica
Jamaica: Multilateral debt service was 35.6% in 2024. ▲ Rising
Multilateral debt service in Jamaica, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
Jamaica recorded 35.6% for multilateral debt service in 2024.
The figure is up 29.2% on the previous year and up 80.6% over ten years.
Over the whole period, multilateral debt service in Jamaica peaked at 49.3% in 1993 and was at its lowest, 7.1%, in 1977.
That places Jamaica 66th out of 123 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Multilateral debt service in Jamaica, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1970 | 12.7% | — |
| 1971 | 14.6% | +15.2% |
| 1972 | 13.4% | -8.1% |
| 1973 | 12.3% | -8.4% |
| 1974 | 8.1% | -34.1% |
| 1975 | 8.0% | -1.4% |
| 1976 | 7.3% | -8.9% |
| 1977 | 7.1% | -2.7% |
| 1978 | 8.5% | +19.4% |
| 1979 | 11.0% | +29.5% |
| 1980 | 13.8% | +25.9% |
| 1981 | 13.0% | -5.9% |
| 1982 | 17.0% | +30.5% |
| 1983 | 19.6% | +15.4% |
| 1984 | 25.4% | +29.6% |
| 1985 | 21.2% | -16.4% |
| 1986 | 22.3% | +5.2% |
| 1987 | 33.5% | +50.2% |
| 1988 | 35.9% | +7.2% |
| 1989 | 39.9% | +10.9% |
| 1990 | 38.8% | -2.5% |
| 1991 | 35.4% | -8.9% |
| 1992 | 39.9% | +12.7% |
| 1993 | 49.3% | +23.5% |
| 1994 | 44.6% | -9.5% |
| 1995 | 40.7% | -8.7% |
| 1996 | 37.3% | -8.5% |
| 1997 | 38.4% | +3.1% |
| 1998 | 41.7% | +8.5% |
| 1999 | 33.6% | -19.5% |
| 2000 | 33.8% | +0.6% |
| 2001 | 26.9% | -20.2% |
| 2002 | 22.2% | -17.5% |
| 2003 | 23.4% | +5.5% |
| 2004 | 22.5% | -4.0% |
| 2005 | 20.0% | -11.1% |
| 2006 | 27.9% | +39.5% |
| 2007 | 21.4% | -23.3% |
| 2008 | 22.2% | +3.7% |
| 2009 | 17.1% | -23.1% |
| 2010 | 22.7% | +33.1% |
| 2011 | 15.3% | -32.9% |
| 2012 | 19.2% | +25.9% |
| 2013 | 28.6% | +49.2% |
| 2014 | 19.7% | -31.3% |
| 2015 | 16.7% | -15.2% |
| 2016 | 13.6% | -18.5% |
| 2017 | 20.4% | +50.2% |
| 2018 | 25.2% | +23.1% |
| 2019 | 15.2% | -39.8% |
| 2020 | 24.2% | +60.0% |
| 2021 | 25.3% | +4.4% |
| 2022 | 24.1% | -4.6% |
| 2023 | 27.5% | +14.0% |
| 2024 | 35.6% | +29.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.3% | 7.1% | 14.6% | 10 |
| 1980s | 24.2% | 13.0% | 39.9% | 10 |
| 1990s | 40.0% | 33.6% | 49.3% | 10 |
| 2000s | 23.7% | 17.1% | 33.8% | 10 |
| 2010s | 19.7% | 13.6% | 28.6% | 10 |
| 2020s | 27.4% | 24.1% | 35.6% | 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 multilateral debt service in Jamaica?
- Multilateral debt service in Jamaica was 35.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Jamaica?
- The highest recorded value was 49.3% in 1993.
- What is the lowest multilateral debt service recorded in Jamaica?
- The lowest recorded value was 7.1% in 1977.
- How does Jamaica rank for multilateral debt service?
- Jamaica ranks 66th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Jamaica?
- Over the last ten years it is up 80.6%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.