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Jamaica GDP

Gross Domestic Product in current US dollars  NY.GDP.MKTP.CD

Jamaica's gdp was $23.1B in 2025, ranked 122nd globally. This represents a 5.1% increase from 2024. Data from World Bank, covering 1960–2025.

$23.1B +$1.1B (+5.1%)
Year 2025 Rank #122 Global Peak $23.1B (2025) Source World Bank

Jamaica GDP (1960–2025)

Overview

Jamaica's gdp stood at $23.1B in 2025, a rise of +$1.1B from 2024. The IMF projects $23.1B by 2025. Jamaica ranked 122nd globally.

Jamaica’s gross domestic product has risen from a trough of 699,064,380.37 in 1960 to an all‑time peak of 23,137,000,000.00 in 2025, placing the island nation at rank 122 globally and representing 66 years of growth. The expansion reflects a compound increase of more than 3,200 % and outpaces several regional peers, such as Niger’s 22,969,000,000.00 and Benin’s 24,402,000,000.00, although it remains modest relative to Mozambique’s 24,726,000,000.00. The upward trajectory has been driven by diversification into tourism, services and remittances, while structural constraints in energy and infrastructure have limited faster acceleration. Continued investment in renewable energy and higher‑value manufacturing could sustain the current momentum, but adverse shocks to the tourism sector or fiscal imbalances would likely temper future growth.

Data & projection

Year GDP YoY change Rank
2030* IMF $27.8B - -
2029* IMF $26.9B - -
2028* IMF $26.0B - -
2027* IMF $25.1B - -
2026* IMF $24.1B - -
2025* IMF $23.1B - -
2025 $23.1B +$1.1B #122
2024 $22.0B +$715.4M #78
2023 $21.4B +$2.7B #87
2022 $18.8B +$2.8B #85
2021 $16.0B +$884.9M #84
2020 $15.0B −$2.0B #87
2019 $17.0B +$259.3M #93
2018 $16.9B +$1.1B #91
2017 $15.8B +$852.6M #91
2016 $14.9B −$28.0M #92
2015 $15.0B +$738.6M #93
2014 $13.9B −$682.8M #84
2013 $14.3B −$884.8M #85
2012 $14.8B +$20.1M #89
2011 $14.4B +$909.7M #88
Show all years (1960-2025)
* IMF World Economic Outlook projection

Detected Pattern

Fiscal Dominance Trap
Government debt exceeding 80% of GDP with real interest rates negative and inflation above 10%. Monetary policy effectiveness impaired by fiscal pressures.
Inflation 10.3% Real rate -1.1%
Occurred 386 times, 278 successful
Inflation
28.2%
Real rate
-4.2%
Inflation
219.9%
Real rate
-47.4%
Inflation
28.3%
Real rate
-7.0%
Inflation
91.4%
Real rate
-26.9%
Inflation
13.6%
Real rate
-0.9%
Inflation
133.5%
Real rate
-17.3%

Analysis

Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Jamaica's gdp?▾

Jamaica's gdp was $23.1B in 2025. Ranked 122nd globally. This represents a 5.1% increase from the previous year.

What was the highest gdp in Jamaica?▾

Jamaica's gdp peaked at $23.1B in 2025.

What was the lowest gdp in Jamaica?▾

The lowest gdp in Jamaica was $699.1M in 1960.

How does Jamaica rank in gdp?▾

Jamaica ranks 122nd globally in gdp as of 2025.

What is the World Bank indicator code for gdp?▾

The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.

What is the projected gdp of Jamaica in 2025?▾

Jamaica's gdp is projected to reach $23.1B by 2025 based on IMF projection.

What is Jamaica's gdp in billion?▾

Jamaica's gdp was approximately 23.14 billion ($23.1B) in 2025.

What is the gdp of Jamaica in 2025?▾

The gdp of Jamaica in 2025 was $23.1B. This ranks 122nd in the world.

Cite this page

APA
Jamaica GDP. HistorySaid. Retrieved November 9, 2026, from https://historysaid.com/jamaica/gdp/
BibTeX
@misc{historysaid_jamaica_gdp, title = {Jamaica GDP}, url = {https://historysaid.com/jamaica/gdp/}, publisher = {HistorySaid}, year = {2026} }
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