Adjusted savings: gross savings in Jamaica
Jamaica: Adjusted savings: gross savings was 34.9% in 2021. ▲ Rising
Adjusted savings: gross savings in Jamaica, 1976–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
Jamaica recorded 34.9% for adjusted savings: gross savings in 2021.
That represents a change of up 25.6% on the previous year and up 292.3% over ten years.
Over the whole period, adjusted savings: gross savings in Jamaica peaked at 35.4% in 1993 and was at its lowest, 6.5%, in 2008.
Jamaica ranks 21st of 178 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Adjusted savings: gross savings in Jamaica, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1976 | 8.6% | — |
| 1977 | 12.6% | +46.4% |
| 1978 | 15.8% | +25.0% |
| 1979 | 17.3% | +9.9% |
| 1980 | 13.6% | -21.6% |
| 1981 | 12.1% | -11.2% |
| 1982 | 10.9% | -10.1% |
| 1983 | 14.6% | +34.8% |
| 1984 | 13.3% | -9.2% |
| 1985 | 15.1% | +13.5% |
| 1986 | 17.7% | +17.4% |
| 1987 | 18.2% | +2.6% |
| 1988 | 26.7% | +46.9% |
| 1989 | 23.1% | -13.4% |
| 1990 | 21.0% | -9.1% |
| 1991 | 20.6% | -1.9% |
| 1992 | 28.4% | +38.0% |
| 1993 | 35.4% | +24.6% |
| 1994 | 27.7% | -21.8% |
| 1995 | 25.2% | -9.2% |
| 1996 | 24.5% | -2.8% |
| 1997 | 22.6% | -7.5% |
| 1998 | 19.3% | -14.7% |
| 1999 | 19.4% | +0.3% |
| 2000 | 17.4% | -10.0% |
| 2001 | 18.2% | +4.5% |
| 2002 | 17.0% | -6.6% |
| 2003 | 19.0% | +11.7% |
| 2004 | 22.0% | +15.5% |
| 2005 | 16.0% | -27.3% |
| 2006 | 18.4% | +15.0% |
| 2007 | 16.4% | -10.8% |
| 2008 | 6.5% | -60.6% |
| 2009 | 13.7% | +112.1% |
| 2010 | 13.9% | +1.7% |
| 2011 | 8.9% | -36.1% |
| 2012 | 11.2% | +25.3% |
| 2013 | 12.2% | +9.6% |
| 2014 | 14.5% | +18.5% |
| 2015 | 18.8% | +29.9% |
| 2016 | 22.1% | +17.7% |
| 2017 | 22.2% | +0.2% |
| 2018 | 23.1% | +4.3% |
| 2019 | 23.4% | +1.0% |
| 2020 | 27.8% | +19.1% |
| 2021 | 34.9% | +25.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.6% | 8.6% | 17.3% | 4 |
| 1980s | 16.5% | 10.9% | 26.7% | 10 |
| 1990s | 24.4% | 19.3% | 35.4% | 10 |
| 2000s | 16.5% | 6.5% | 22.0% | 10 |
| 2010s | 17.0% | 8.9% | 23.4% | 10 |
| 2020s | 31.4% | 27.8% | 34.9% | 2 |
Countries ranked near Jamaica
- 18 Republic of Korea 36.2% compare
- 19 Switzerland 36.0% compare
- 20 Nigeria 35.2% compare
- 22 Tanzania, United Republic of 34.7% compare
- 23 Viet Nam 34.4% compare
- 24 Bangladesh 34.2% compare
More economy & growth data for Jamaica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.6 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.08 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 13.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 111,319 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0497 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 397.73 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 5.81 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Jamaica?
- Adjusted savings: gross savings in Jamaica was 34.9% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Jamaica?
- The highest recorded value was 35.4% in 1993.
- What is the lowest adjusted savings: gross savings recorded in Jamaica?
- The lowest recorded value was 6.5% in 2008.
- How does Jamaica rank for adjusted savings: gross savings?
- Jamaica ranks 21st out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Jamaica?
- Over the last ten years it is up 292.3%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.