Jamaica Government Debt To GDP

Jamaica recorded a Government Debt to GDP of 145.80 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Jamaica is reported by the Bank of Jamaica. From 1999 until 2012, Jamaica Government Debt To GDP averaged 117.5 Percent reaching an all time high of 145.8 Percent in December of 2012 and a record low of 87.3 Percent in December of 1999. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Jamaica Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
145.80 138.90 145.80 87.31 149.74 | 2014/06 1999 - 2012 Percent Yearly

TO

Jamaica Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 145.80 2012-12-31 138.90 145.80 87.31 149.74 2014-06-30 Percent [+]
Government Budget -1.90 2011-12-31 -3.05 0.70 -6.72 -3.34 2014-06-30 Percent of GDP [+]
Credit Rating 25.00 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Jamaica Youth Unemployment Rate at 5.60 Percent  
Youth Unemployment Rate in Jamaica decreased to 5.60 percent in February of 2014 from 6.10 percent in January of 2014. Youth Unemployment Rate in Jamaica is reported by the Ministry of Internal Affairs & Communications.
Jamaica GDP Annual Growth Rate at 1.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 1.80 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Sales Tax Rate | VAT at 16.50 Percent  
The Sales Tax Rate in Jamaica stands at 16.50 percent. Sales Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Inflation Rate at 8.60 Percent  
The inflation rate in Jamaica was recorded at 8.60 percent in February of 2014. Inflation Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica GDP Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 0.80 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Balance of Trade at -975800.00 USD Thousand  
Jamaica recorded a trade deficit of 975800 USD Thousand in the third quarter of 2013. Balance of Trade in Jamaica is reported by the Bank of Jamaica.
Jamaica Interest Rate at 5.75 Percent  
The benchmark interest rate in Jamaica was last recorded at 5.75 percent. Interest Rate in Jamaica is reported by the Bank of Jamaica.
Jamaica Government Budget at -1.90 Percent of GDP  
Jamaica recorded a Government Budget deficit equal to 1.90 percent of the countrys Gross Domestic Product in 2011. Government Budget in Jamaica is reported by the Caribbean Centre for Money and Finance.
Jamaica Current Account at -409.30 USD Million  
Jamaica recorded a Current Account deficit of 409.30 USD Million in the third quarter of 2013. Current Account in Jamaica is reported by the Bank of Jamaica.
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