The ratio of government expenditure to GDP in Jamaica was forecast to decrease between 2024 and 2029 by in total one percentage points. This overall decrease does not happen continuously, notably not in 2029. The ratio is estimated to amount to 29.84 percent in 2029. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government expenditure to GDP in countries like Trinidad & Tobago, Bahamas, and Haiti.
Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029
Characteristic
Ratio of government expenditure to GDP
2029*
29.84%
2028*
29.75%
2027*
29.86%
2026*
30.17%
2025*
30.52%
2024
30.84%
2023
30.5%
2022
29.78%
2021
30.1%
2020
32.63%
2019
29.72%
Created with Highcharts 7.2.2Ratio of government expenditure to GDP29.72%29.72%32.63%32.63%30.1%30.1%29.78%29.78%30.5%30.5%30.84%30.84%30.52%30.52%30.17%30.17%29.86%29.86%29.75%29.75%29.84%29.84%2019202020212022202320242025*2026*2027*2028*2029*
0%5%10%15%20%25%30%35%40%
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IMF. (October 22, 2024). Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved April 06, 2025, from https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/
IMF. "Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029." Chart. October 22, 2024. Statista. Accessed April 06, 2025. https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/
IMF. (2024). Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: April 06, 2025. https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/
IMF. "Jamaica: Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/
IMF, Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/ (last visited April 06, 2025)
Jamaica: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/527103/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-jamaica/
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