General Government Expense for Jamaica
JAMGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.59
Year-over-Year Change
-51.55%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'General Government Expense for Jamaica' metric measures the total expenditures of the Jamaican government, providing insights into fiscal policy and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator represents the value of all government expenditures, including consumption, investment, and transfer payments. It is a key measure of the size and role of the public sector within the Jamaican economy.
Methodology
The data is compiled by the International Monetary Fund from official government sources.
Historical Context
Economists and policymakers use this metric to analyze the government's fiscal stance and its potential impact on economic growth and development.
Key Facts
- Jamaica's general government expense averaged 27.3% of GDP from 2010-2020.
- Government spending in Jamaica peaked at 29.5% of GDP in 2020 due to COVID-19 relief efforts.
- The Jamaican government has implemented fiscal consolidation measures to reduce its debt-to-GDP ratio.
FAQs
Q: What does this economic trend measure?
A: The 'General Government Expense for Jamaica' metric measures the total expenditures of the Jamaican government, including consumption, investment, and transfer payments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and role of the public sector within the Jamaican economy, which is useful for analyzing fiscal policy and its potential impact on economic growth and development.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund from official government sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the government's fiscal stance and its potential impact on the Jamaican economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical values.
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Citation
U.S. Federal Reserve, General Government Expense for Jamaica (JAMGGEIGDP), retrieved from FRED.