General Government Net Lending/Borrowing for Jamaica
JAMGGXCNLGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-82.73%
Date Range
1/1/1990 - 1/1/2030
Summary
The General Government Net Lending/Borrowing for Jamaica measures the difference between government revenue and expenditure, indicating whether the government is a net lender or borrower to the rest of the economy.
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 economic indicator represents the overall fiscal balance of the Jamaican government, providing insights into its fiscal policy stance and ability to finance spending. It is a key metric used by economists and policymakers to assess the government's fiscal sustainability and macroeconomic management.
Methodology
The data is collected and calculated by the International Monetary Fund based on national accounts and fiscal reporting.
Historical Context
This trend is closely monitored by global financial institutions and markets to gauge Jamaica's fiscal health and creditworthiness.
Key Facts
- Jamaica's general government net lending/borrowing was -3.4% of GDP in 2021.
- The government has set a target of achieving a balanced budget by 2025.
- Reducing the fiscal deficit is a key policy priority for the Jamaican government.
FAQs
Q: What does this economic trend measure?
A: The General Government Net Lending/Borrowing for Jamaica measures the difference between the government's total revenue and total expenditure, indicating whether the government is a net lender or borrower to the rest of the economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the Jamaican government's fiscal policy stance and ability to finance its spending, which is crucial for assessing the country's fiscal sustainability and overall macroeconomic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on national accounts and fiscal reporting.
Q: How is this trend used in economic policy?
A: The General Government Net Lending/Borrowing for Jamaica is closely monitored by global financial institutions and markets to gauge the country's fiscal health and creditworthiness, which informs investment decisions and shapes economic policy discussions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and there may be revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, General Government Net Lending/Borrowing for Jamaica (JAMGGXCNLGDP), retrieved from FRED.