Jamaica's multilateral debt service (TDS, current US$) was US$398.06 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 119.3% from US$181.52 million in 2014 (8.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$398.06 million | 2024 |
| Five years earlier | US$297.26 million | 2019 |
| Ten years earlier | US$181.52 million | 2014 |
| Highest | US$398.06 million | 2024 |
| Lowest | US$1.93 million | 1970 |
| Average since 2015 | US$280.36 million | 2015–2024 |
| First recorded | US$1.93 million |
What the numbers say
In 2024, Jamaica's multilateral debt service (TDS, current US$) rose 3.7% on 2023 (from US$383.93 million to US$398.06 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.7% and a typical year strayed about 12.4% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 53.3% in 1978 and the biggest yearly fall was 18.1% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$17.54 million a year. A straight line explains 68% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Jamaica had the 46th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Jamaica | US$398.06 million | 2024 |
| Upper middle income | US$51.4 billion | 2024 |
Closest to Jamaica in the 2024 ranking
What this measures
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Debt service payments are the sum of principal repayments and interest payments actually made in the year specified. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Multilateral debt service (TDS, current US$) |
|---|---|
| 2024 | 398,060,327 |
| 2023 | 383,930,071 |
| 2022 | 261,906,989 |
| 2021 | 258,518,647 |
| 2020 | 260,230,347 |
| 2019 | 297,258,711 |
| 2018 | 263,418,967 |
| 2017 | 253,665,098 |
| 2016 | 237,373,283 |
| 2015 | 189,258,879 |
| 2014 |
Multilateral debt service (TDS, current US$) in nearby economies
- Argentina — US$5.07 billion (2024)
- Belize — US$65.09 million (2024)
- Bolivia — US$1.1 billion (2024)
- Brazil — US$4.96 billion (2024)
- Colombia — US$2.37 billion (2024)
- Dominica — US$15.76 million (2024)
- Dominican Republic — US$1.05 billion (2024)
- Ecuador — US$1.77 billion (2024)
- El Salvador — US$748.67 million (2024)
- Grenada — US$23.51 million (2024)
More economic policy & debt data for Jamaica
- Total reserves, including gold (current US$) — US$6.3 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.3 billion (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$19.27 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 3.07 trillion (2025)
- GDP (current US$) — US$22.7 billion (2025)
- GDP (current LCU) — 3.61 trillion (2025)
- GDP per capita (current US$) — US$8,003 (2025)
- GDP per capita (current LCU) — 1.27 million (2025)
- GNI (current US$) — US$22.36 billion (2025)
- GNI (current LCU) — 3.56 trillion (2025)
Reading data like this
Questions people ask
- What is Jamaica's multilateral debt service (TDS, current US$)?
- US$398.06 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 20,482% from US$1.93 million in 1970 (10.37% a year on average, compounded). The highest value was US$398.06 million in 2024 and the lowest US$1.93 million in 1970.
- How does Jamaica rank?
- 46th highest of 120 economies with data for 2024.
- Is the latest change in multilateral debt service (TDS, current US$) unusual for Jamaica?
- In 2024, Jamaica's multilateral debt service (TDS, current US$) rose 3.7% on 2023 (from US$383.93 million to US$398.06 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.7% and a typical year strayed about 12.4% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.TDS.MLAT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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