Jamaica GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Jamaica's gdp deflator was 10.37% in 2025, ranked 40th globally. This represents a 113.4% increase from 2024. Data from World Bank, covering 1967–2025.
Overview
Jamaica's gdp deflator stood at 10.37% in 2025, a rise of +5.51pp from 2024. Based on recent trends, this figure is projected to reach 10.37% by 2025. Jamaica ranked 40th globally.
Jamaica’s GDP deflator has risen from 4.24 % in 1967 to 10.37 % in 2025, placing the island nation 40th in the world ranking and closely matching peers such as Bulgaria (10.51 %) and St. Kitts and Nevis (10.33 %). The indicator experienced an extreme surge during the early 1990s, reaching an all‑time peak of 60.04 % in 1992, a reflection of severe inflationary pressures that followed structural adjustment programmes and external shocks. Conversely, the deflator turned negative in 1972, hitting a trough of –4.91 % as the economy contracted amid declining export earnings and fiscal imbalances. Over the 59‑year coverage period, the long‑run upward trend suggests a gradual stabilization of price levels, although episodic volatility remains tied to exchange‑rate fluctuations and commodity price swings. Continued monetary discipline and diversified growth sources will be key to moderating the deflator’s trajectory in the coming years.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 12.21% | - | - |
| 2026* trend | 11.29% | - | - |
| 2025* trend | 10.37% | - | - |
| 2025 | 10.37% | +5.51pp | #40 |
| 2024 | 4.86% | −6.47pp | #125 |
| 2023 | 11.33% | −1.32pp | #172 |
| 2022 | 12.66% | +6.05pp | #157 |
| 2021 | 6.61% | +3.98pp | #134 |
| 2020 | 2.63% | −0.01pp | #121 |
| 2019 | 2.64% | −2.27pp | #125 |
| 2018 | 4.91% | −1.03pp | #153 |
| 2017 | 5.94% | +2.31pp | #158 |
| 2016 | 3.62% | −8.85pp | #145 |
| 2015 | 12.48% | +5.55pp | #199 |
| 2014 | 6.93% | −1.49pp | #178 |
| 2013 | 8.42% | +1.84pp | #189 |
| 2012 | 6.57% | +0.78pp | #151 |
| 2011 | 5.80% | −4.01pp | #114 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's gdp deflator was 10.37% in 2025. Ranked 40th globally. This represents a 113.4% increase from the previous year.
Jamaica's gdp deflator peaked at 60.04% in 1992.
The lowest gdp deflator in Jamaica was -4.91% in 1972.
Jamaica ranks 40th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Jamaica's gdp deflator is projected to reach 10.37% by 2025 based on trend extrapolation.
The gdp deflator of Jamaica in 2025 was 10.37%. This ranks 40th in the world.
Cite this page
@misc{historysaid_jamaica_gdp-deflator,
title = {Jamaica GDP Deflator},
url = {https://historysaid.com/jamaica/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}