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Jamaica Poverty Rate

Poverty headcount ratio at $2.15/day  SI.POV.DDAY

Jamaica's poverty rate was 1.40% in 2021, ranked 45th globally. This represents a 250.0% increase from 2020. Data from World Bank, covering 1988–2021.

1.40% +1.00pp (+250.0%)
Year 2021 Rank #45 Global Peak 20.50% (1993) Source World Bank

Jamaica Poverty Rate (1988–2021)

Overview

Jamaica's poverty rate stood at 1.40% in 2021, a rise of +1.00pp from 2018. Jamaica ranked 45th globally.

Jamaica’s poverty rate fell dramatically from an all‑time peak of 20.50 % in 1993 to a trough of 0.40 % in 2018, before rising slightly to 1.40 % in 2021, a level that ties it with Egypt, Arab Republic of and Argentina in the World Bank ranking and places the island nation 45th globally. The steep decline over the 1990s and 2000s reflects sustained social programmes, expansion of formal employment, and targeted cash‑transfer schemes, while the modest uptick after 2018 coincides with the COVID‑19 pandemic’s impact on tourism‑dependent households and a slowdown in fiscal consolidation. With nine years of data covering the period from 1988 to 2021, the trend illustrates Jamaica’s capacity to reduce extreme poverty but also its vulnerability to external shocks. Continued diversification of the economy, investment in resilient social safety nets, and climate‑adaptation measures will be crucial to sustain the downward trajectory and prevent a reversal of recent gains.

Data & projection

Year Poverty Rate YoY change Rank
2021 1.40% +1.00pp #45
2018 0.40% −4.10pp #30
2004 4.50% −1.90pp #44
2002 6.40% +0.70pp #31
1999 5.70% −2.60pp #17
1996 8.30% −12.20pp #22
1993 20.50% +8.90pp #23
1990 11.60% −2.20pp #12
1988 13.80% – #9

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 poverty rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Jamaica's poverty rate?▾

Jamaica's poverty rate was 1.40% in 2021. Ranked 45th globally. This represents a 250.0% increase from the previous year.

What was the highest poverty rate in Jamaica?▾

Jamaica's poverty rate peaked at 20.50% in 1993.

What was the lowest poverty rate in Jamaica?▾

The lowest poverty rate in Jamaica was 0.40% in 2018.

How does Jamaica rank in poverty rate?▾

Jamaica ranks 45th globally in poverty rate as of 2021.

What is the World Bank indicator code for poverty rate?▾

The World Bank indicator code is SI.POV.DDAY. Data sourced from World Bank.

What is the poverty rate of Jamaica in 2021?▾

The poverty rate of Jamaica in 2021 was 1.40%. This ranks 45th in the world.

Cite this page

APA
Jamaica Poverty Rate. HistorySaid. Retrieved October 22, 2026, from https://historysaid.com/jamaica/poverty-rate/
BibTeX
@misc{historysaid_jamaica_poverty-rate, title = {Jamaica Poverty Rate}, url = {https://historysaid.com/jamaica/poverty-rate/}, publisher = {HistorySaid}, year = {2026} }
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