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 2021 was between 6.6 billion and 21.7 billion USD. The hightest level within the past 23 years was reached in 2012. However, the liabilities in 2021 have been only 14 billion USD

Based on the number of inhabitants, this is a debt of 4,923 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

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Gross debt of the last 23 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 USD11,241 USD
200110.17 bn USD3,804 USD11,263 USD
200211.88 bn USD4,412 USD12,266 USD
200312.14 bn USD4,482 USD15,295 USD
200412.54 bn USD4,602 USD17,606 USD
200514.36 bn USD5,241 USD18,337 USD
200614.44 bn USD5,244 USD18,887 USD
200715.14 bn USD5,468 USD20,910 USD
200817.67 bn USD6,352 USD24,100 USD
200917.60 bn USD6,295 USD25,376 USD
201019.00 bn USD6,762 USD26,515 USD
201120.47 bn USD7,244 USD29,254 USD
201221.72 bn USD7,642 USD28,198 USD
201320.21 bn USD7,069 USD30,008 USD
201419.50 bn USD6,782 USD30,677 USD
201517.60 bn USD6,298 USD25,944 USD
201616.25 bn USD5,798 USD26,287 USD
201715.26 bn USD5,432 USD27,108 USD
201815.04 bn USD5,348 USD28,543 USD
201915.00 bn USD5,330 USD27,264 USD
202014.92 bn USD5,291 USD30,919 USD
202113.92 bn USD4,923 USD33,827 USD

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

      Jamaica       European Union

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