Jamaica Government Revenue
General government revenue as % of GDP GGR_NGDP
Jamaica's government revenue was 29.82% in 2025, ranked 74th globally. This represents a 1.5% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Jamaica's government revenue stood at 29.82% in 2025, a decline of +0.45% from 2024. The IMF projects 29.82% by 2025. Jamaica ranked 74th globally.
Jamaica’s government revenue has risen steadily over the 36‑year span from 24.66 percent of GDP in 1990 to 29.82 percent in 2025, placing it 74th globally. The upward trajectory accelerated after the early‑1990s trough of 21.05 percent in 1992, reaching an all‑time peak of 30.26 percent in 2024 before a modest pullback the following year. This pattern mirrors the fiscal dynamics of nearby Trinidad and Tobago, whose revenue share stood at 29.88 percent in the same period, suggesting regional convergence in tax capacity and public‑finance reforms. The United States, by contrast, recorded a higher ceiling at 30.42 percent, underscoring the ceiling that small open economies like Jamaica can approach. Continued improvement will depend on sustaining revenue‑raising reforms, broadening the tax base and mitigating external shocks; absent such measures, the modest decline from the 2024 peak could signal a plateau in fiscal consolidation.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 28.22% | - | - |
| 2029* IMF | 27.92% | - | - |
| 2028* IMF | 27.90% | - | - |
| 2027* IMF | 27.94% | - | - |
| 2026* IMF | 27.87% | - | - |
| 2025* IMF | 29.82% | - | - |
| 2025 | 29.82% | −0.45% | #74 |
| 2024 | 30.26% | +2.55% | #76 |
| 2023 | 27.71% | +0.33% | #88 |
| 2022 | 27.38% | −1.03% | #96 |
| 2021 | 28.40% | +1.14% | #79 |
| 2020 | 27.26% | −1.07% | #85 |
| 2019 | 28.33% | −0.31% | #83 |
| 2018 | 28.64% | +1.32% | #83 |
| 2017 | 27.32% | +1.03% | #85 |
| 2016 | 26.29% | +0.62% | #94 |
| 2015 | 25.67% | +0.09% | #97 |
| 2014 | 25.58% | −0.88% | #104 |
| 2013 | 26.46% | +1.38% | #98 |
| 2012 | 25.08% | +0.15% | #107 |
| 2011 | 24.93% | −1.24% | #105 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's government revenue was 29.82% in 2025. Ranked 74th globally. This represents a 1.5% decrease from the previous year.
Jamaica's government revenue peaked at 30.26% in 2024.
The lowest government revenue in Jamaica was 21.05% in 1992.
Jamaica ranks 74th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Jamaica's government revenue is projected to reach 29.82% by 2025 based on IMF projection.
The government revenue of Jamaica in 2025 was 29.82%. This ranks 74th in the world.
Cite this page
@misc{historysaid_jamaica_government-revenue,
title = {Jamaica Government Revenue},
url = {https://historysaid.com/jamaica/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}