The budget balance in relation to the GDP in Jamaica was forecast to increase between 2024 and 2029 by in total 0.5 percentage points. This overall increase does not happen continuously, notably not in 2029. The budget balance is estimated to amount to 0.75 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Dominican Republic, Haiti, and Dominica.
Jamaica: Budget balance between 2019 to 2029 in relation to GDP
Characteristic
Budget balance in relation to GDP
2029*
0.75%
2028*
0.84%
2027*
0.73%
2026*
0.3%
2025*
0.06%
2024
0.29%
2023
0.04%
2022
0.28%
2021
0.92%
2020
-3.1%
2019
0.92%
Created with Highcharts 7.2.2Budget balance in relation to GDP0.92%0.92%-3.1%-3.1%0.92%0.92%0.28%0.28%0.04%0.04%0.29%0.29%0.06%0.06%0.3%0.3%0.73%0.73%0.84%0.84%0.75%0.75%2019202020212022202320242025*2026*2027*2028*2029*
-4%-3%-2%-1%0%1%2%
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IMF. (October 22, 2024). Jamaica: Budget balance between 2019 to 2029 in relation to GDP [Graph]. In Statista. Retrieved December 29, 2024, from https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/
IMF. "Jamaica: Budget balance between 2019 to 2029 in relation to GDP." Chart. October 22, 2024. Statista. Accessed December 29, 2024. https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/
IMF. (2024). Jamaica: Budget balance between 2019 to 2029 in relation to GDP. Statista. Statista Inc.. Accessed: December 29, 2024. https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/
IMF. "Jamaica: Budget Balance between 2019 to 2029 in Relation to Gdp." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/
IMF, Jamaica: Budget balance between 2019 to 2029 in relation to GDP Statista, https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/ (last visited December 29, 2024)
Jamaica: Budget balance between 2019 to 2029 in relation to GDP [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/527104/jamaica-budget-balance-in-relation-to-gdp/
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