Jamaica GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Jamaica's gdp growth was 2.10% in 2025, ranked 131st globally. This represents a 492.5% increase from 2024. Data from World Bank, covering 1967–2025.
Overview
Jamaica's gdp growth stood at 2.10% in 2025, a rise of +2.64pp from 2024. The IMF projects 2.10% by 2025. Jamaica ranked 131st globally.
Jamaica’s real GDP growth has averaged modestly over the 59‑year span from 1967 to 2025, moving from an early rate of 1.81% to a latest expansion of 2.10% in 2025, which places the island at rank 131 globally. The economy’s most dramatic surge occurred in 1972 when growth peaked at 18.01%, driven by a commodity boom and expansive fiscal policy, while the COVID‑19 pandemic produced the deepest contraction in 2020, with a trough of –8.30%. Compared with peers of similar size and development, Jamaica’s 2025 growth is virtually identical to Belarus’s 2.10% and slightly below the Bahamas’ 2.20%, reflecting comparable post‑pandemic recoveries in the Caribbean and Eastern Europe. Structural reforms in the fiscal sector, diversification away from tourism‑centric revenues, and continued investment in renewable energy could sustain the current upward trajectory, while external shocks such as climate events or global interest‑rate hikes would pose risks to the modest but positive outlook.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.55% | - | - |
| 2029* IMF | 1.55% | - | - |
| 2028* IMF | 1.55% | - | - |
| 2027* IMF | 1.55% | - | - |
| 2026* IMF | 1.55% | - | - |
| 2025* IMF | 2.10% | - | - |
| 2025 | 2.10% | +2.64pp | #131 |
| 2024 | -0.54% | −3.28pp | #184 |
| 2023 | 2.75% | −3.69pp | #114 |
| 2022 | 6.44% | +0.73pp | #51 |
| 2021 | 5.70% | +14.01pp | #92 |
| 2020 | -8.30% | −10.11pp | #159 |
| 2019 | 1.81% | −0.71pp | #139 |
| 2018 | 2.52% | +0.22pp | #131 |
| 2017 | 2.29% | −0.47pp | #143 |
| 2016 | 2.76% | +1.33pp | #119 |
| 2015 | 0.92% | +0.35pp | #167 |
| 2014 | 0.69% | +0.47pp | #180 |
| 2013 | 0.52% | +1.02pp | #165 |
| 2012 | -0.61% | −2.04pp | #173 |
| 2011 | 1.73% | +3.17pp | #155 |
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 growth improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's gdp growth was 2.10% in 2025. Ranked 131st globally. This represents a 492.5% increase from the previous year.
Jamaica's gdp growth peaked at 18.01% in 1972.
The lowest gdp growth in Jamaica was -8.30% in 2020.
Jamaica ranks 131st globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Jamaica's gdp growth is projected to reach 2.10% by 2025 based on IMF projection.
The gdp growth of Jamaica in 2025 was 2.10%. This ranks 131st in the world.
Cite this page
@misc{historysaid_jamaica_gdp-growth,
title = {Jamaica GDP Growth},
url = {https://historysaid.com/jamaica/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}