The ratio of national debt to gross domestic product (GDP) in Jamaica was forecast to continuously decrease between 2024 and 2029 by in total 14.8 percentage points. After the ninth consecutive decreasing year, the ratio is estimated to reach 53.13 percent and therefore a new minimum in 2029. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
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IMF. (October 22, 2024). Jamaica: National debt in relation to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/
IMF. "Jamaica: National debt in relation to gross domestic product (GDP) from 2019 to 2029." Chart. October 22, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/
IMF. (2024). Jamaica: National debt in relation to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/
IMF. "Jamaica: National Debt in Relation to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/
IMF, Jamaica: National debt in relation to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/ (last visited November 23, 2024)
Jamaica: National debt in relation to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/527106/national-debt-of-jamaica-in-relation-to-gross-domestic-product-gdp/