🇯🇲 Jamaica

Public Sector Debt · 2026

Total Debt

60.7%

of GDP

Global Rank

#87

of 192

S&P Rating

BB-

Credit rating

SOE Debt

+3.3%

3 categories

Where the Debt Sits

Central Government

Central Government: 57.4%Dev Banks: 1.0%Energy SOEs: 0.5%Infrastructure: 1.8%

Full Debt Breakdown

Central Government57.4% of GDP

Central GovernmentIMF WEO — General Government Debt

57.4%

Energy SOEs0.5% of GDP

Petrojam (refinery)Jamaica Fiscal Policy Paper FY2024/25→State-owned refinery. Reported J$14.9B higher trade receivables. Plant offline March 2024 fire.

0.5%

Infrastructure SOEs1.8% of GDP

National Water Commission (NWC)Jamaica Fiscal Policy Paper FY2024/25→Major public body. Capital expenditure J$10.8B programmed 2024/25. Debt increased J$2.2B in period.

1.5%

JUTC (Jamaica Urban Transit Company)Jamaica Public Bodies Estimates 2025/26→State-owned bus company requiring regular government subventions.

0.3%

Development Banks1.0% of GDP

Development Bank of Jamaica (DBJ)DBJ corporate profile; Jamaica MoF→Wholly govt-owned. Created 2000 from merger. Facilitates productive sector growth. Accredited GCF entity.

1.0%

Total Corporate Debt36.6% of GDP

NF corporate debt (est.)WB WDI 2020

36.6%

Household Debt19.7% of GDP

Household debt (est.)WB WDI 2020

19.7%

All Layers Total117.0%