Jamaica—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #143 of 192Updated August 2026
Latest Value
-1.5%
2031
YoY Change
+6.3%
2030 → 2031
Global Rank
#143
of 192 countries
Maximum
1.1%
2018
Minimum
-10.8%
2009
Last
-1.5%
Previous
-1.6%
Highest
1.1%
Lowest
-10.8%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Jamaica's fiscal balance (% of GDP) was -4.9% in 2026, ranking #143 out of 192 countries. This represents a +6.3% change from 2030. Over the past 27 years, the highest recorded value was 1.1% (2018) and the lowest was -10.8% (2009). The IMF WEO projects -1.5% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -1.5% | +6.3% |
| 2030 | -1.6% | +5.9% |
| 2029 | -1.7% | +19.0% |
| 2028 | -2.1% | +32.3% |
| 2027 | -3.1% | +36.7% |
| 2026 | -4.9% | -28.9% |
| 2025 | -3.8% | -2000.0% |
| 2024 | 0.2% | |
| 2023 | 0.0% | -100.0% |
| 2022 | 0.3% | -62.5% |
| 2021 | 0.8% | +127.6% |
| 2020 | -2.9% | -462.5% |
| 2019 | 0.8% | -27.3% |
| 2018 | 1.1% | +175.0% |
| 2017 | 0.4% | +300.0% |
| 2016 | -0.2% | +33.3% |
| 2015 | -0.3% | +40.0% |
| 2014 | -0.5% | -600.0% |
| 2013 | 0.1% | +102.5% |
| 2012 | -4.0% | +35.5% |
| 2011 | -6.2% | +0.0% |
| 2010 | -6.2% | +42.6% |
| 2009 | -10.8% | -47.9% |
| 2008 | -7.3% | -97.3% |
| 2007 | -3.7% | +21.3% |
| 2006 | -4.7% | -46.9% |
| 2005 | -3.2% | +30.4% |
| 2004 | -4.6% | +14.8% |
| 2003 | -5.4% | +18.2% |
| 2002 | -6.6% | -37.5% |
| 2001 | -4.8% | -500.0% |
| 2000 | -0.8% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -4.9% | -28.9% |
| 2027Forecast | -3.1% | +36.7% |
| 2028Forecast | -2.1% | +32.3% |
| 2029Forecast | -1.7% | +19.0% |
| 2030Forecast | -1.6% | +5.9% |
| 2031Forecast | -1.5% | +6.3% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP