Jamaica’s public debt-to-GDP ratio has steadily declined. By the end of fiscal year 2018/2019, Jamaica’s debt-to-GDP was at 94.4%, making this the first time in two decades that its debt-to-GDP ratio has fallen below 100% (JIS, 2019). Jamaica’s private debt-to-GDP ratio is not publicly available following literature searches of relevant publications by the Ministry of Finance or publications from the Financial Service Sector.

References:

Jamaica Information Service (JIS). (2019). Debt-to-GDP Ratio to Fall to 96 Per Cent at the End of 2018-2019. Published on the 8^th of March 2019. Available from: https://jis.gov.jm/debt-to-gdp-ratio-to-fall-to-96-per-cent-at-end-of-2018-19/