household debts in Jamaica

Gross debt in Jamaica

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Jamaica in the period from 1998 to 2020 was between 6.6 billion and 21.7 billion USD. The hightest level within the past 22 years was reached in 2012. However, the liabilities in 2020 have been only 15 billion USD

Based on the number of inhabitants, this is a debt of 5,258 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt of the last 22 years in billion USD

YearJamaica totalJamaica per capitaEU per capita
19986.64 bn USD2,546 USD14,079 USD
19997.71 bn USD2,929 USD14,032 USD
20008.44 bn USD3,178 USD11,232 USD
200110.17 bn USD3,804 USD11,255 USD
200211.88 bn USD4,412 USD12,258 USD
200312.14 bn USD4,482 USD15,286 USD
200412.54 bn USD4,602 USD17,595 USD
200514.36 bn USD5,241 USD18,327 USD
200614.44 bn USD5,244 USD18,877 USD
200715.14 bn USD5,468 USD20,898 USD
200817.67 bn USD6,352 USD24,086 USD
200917.60 bn USD6,295 USD25,361 USD
201019.00 bn USD6,762 USD26,496 USD
201120.47 bn USD7,244 USD29,231 USD
201221.72 bn USD7,642 USD28,174 USD
201320.21 bn USD7,069 USD29,981 USD
201419.50 bn USD6,782 USD30,648 USD
201517.60 bn USD6,298 USD25,918 USD
201616.25 bn USD5,798 USD26,261 USD
201715.26 bn USD5,432 USD27,024 USD
201815.04 bn USD5,348 USD28,448 USD
201915.00 bn USD5,330 USD27,168 USD
202014.83 bn USD5,258 USD30,783 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Jamaica       European Union

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