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Jamaica GDP

Jamaica's GDP rose to $19.93 billion in 2024, up from $19.42 billion in 2023, according to World Bank. This represents an increase of 2.6% ($506.93 million) from the previous year and accounts for 0.02% of the world's total GDP. Jamaica has GDP lower than the global median ($19.93 billion vs median $35.85 billion). Compared with the median in Americas, Jamaica is lower ($19.93 billion vs regional median $25.03 billion) and ranks 24th out of 44 countries in Americas.

Jamaica's GDP per capita fell to $5,312.4 in 2024, down from $5,349.71 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 19.93
2023 19.42
2022 17.1
2021 14.66
2020 13.81
2019 15.83
2018 15.73
2017 14.81
2016 14.08
2015 14.19
2014 13.9
2013 14.26
2012 14.81
2011 14.44
2010 13.22
2009 12.12
2008 13.71
2007 12.8
2006 11.93
2005 11.24
2004 10.17
2003 9.43
2002 9.72
2001 9.19
2000 9.01
1999 8.89
1998 8.79
1997 8.4
1996 7.39
1995 6.58
1994 5.45
1993 5.44
1992 3.54
1991 4.11
1990 4.59
1989 4.4
1988 3.83
1987 3.29
1986 2.75
1985 2.1
1984 2.37
1983 3.62
1982 3.29
1981 2.98
1980 2.68
1979 2.43
1978 2.64
1977 3.25
1976 2.97
1975 2.86
1974 2.38
1973 1.91
1972 1.88
1971 1.54
1970 1.4
1969 1.19
1968 1.08
1967 1.15
1966 1.1
1965 0.97
1964 0.9
1963 0.83
1962 0.78
1961 0.75
1960 0.7
Jamaica GDP : Definition
GDP measures the total value of all goods and services produced in Jamaica, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -0.72% 2.6% 2024
GDP per Capita $5,312.4 $5,349.71 2024
GDP per Capita PPP $10,260 $10,332.06 2024
Real GDP $15.08B $15.19B 2024