National Debt (% of GDP): Jamaica

Analysis# Jamaica National Debt (% of GDP) Jamaica's national debt stands at 57.4% of GDP in 2026, marking a dramatic recovery from the country's 140.3% peak in 2012. This represents a 28.9% decline since 1999, positioning Jamaica at its lowest debt-to-GDP ratio in the entire data range. The current level reflects substantial fiscal consolidation over the past decade. The most significant turning point occurred between 2012 and 2017, when debt fell from 140.3% to 95.1%—a 45.2 percentage point reduction in just five years. A temporary setback appeared in 2020 (101.3%), driven by pandemic pressures, but Jamaica quickly resumed its downward trajectory. The consistent year-over-year improvements from 2021 onward (86.3% → 70.2% → 66.5% → 62.4% → 59.2%) suggest sustained debt management success, with projections indicating continued decline through 2030.