Annual GDP growth (%) in Jamaica
Jamaica: Annual GDP growth (%) was -0.5% in 2024. ◆ Volatile
Annual GDP growth in Jamaica, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Jamaica is -0.5%, measured in 2024.
That represents a change of down 119.5% on the previous year and down 177.6% over ten years.
Over the whole period, annual gdp growth in Jamaica peaked at 6.4% in 2022 and was at its lowest, -8.3%, in 2020.
That places Jamaica 209th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.9% | — |
| 2001 | 1.3% | +53.1% |
| 2002 | 2.0% | +48.5% |
| 2003 | 3.7% | +83.6% |
| 2004 | 1.3% | -63.9% |
| 2005 | 0.9% | -32.5% |
| 2006 | 2.9% | +224.4% |
| 2007 | 1.4% | -50.6% |
| 2008 | -0.8% | -156.7% |
| 2009 | -4.3% | +435.3% |
| 2010 | -1.5% | -66.5% |
| 2011 | 1.7% | -218.8% |
| 2012 | -0.6% | -135.5% |
| 2013 | 0.5% | -184.4% |
| 2014 | 0.7% | +33.3% |
| 2015 | 0.9% | +33.6% |
| 2016 | 2.8% | +199.6% |
| 2017 | 2.3% | -16.9% |
| 2018 | 2.5% | +9.7% |
| 2019 | 1.8% | -28.1% |
| 2020 | -8.3% | -559.0% |
| 2021 | 5.7% | -168.7% |
| 2022 | 6.4% | +12.9% |
| 2023 | 2.7% | -57.4% |
| 2024 | -0.5% | -119.5% |
Jamaica compared with similar countries
- Jamaica's -0.5% is below the median for upper middle income countries, which is 3.5%. (56 countries reporting)
- Jamaica's -0.5% is below the median for Latin America & Caribbean, which is 3.3%. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | -4.3% | 3.7% | 10 |
| 2010s | 1.1% | -1.5% | 2.8% | 10 |
| 2020s | 1.2% | -8.3% | 6.4% | 5 |
Countries ranked near Jamaica
More economy & growth data for Jamaica
- Real gdp growth, annual growth rate -119.48 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -17.03 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 72.88 units per person (2025)
- SDRs holdings, SDR, annual growth rate -20.99 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 53.22 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.62 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Jamaica?
- Annual gdp growth in Jamaica was -0.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Jamaica?
- The highest recorded value was 6.4% in 2022.
- What is the lowest annual gdp growth recorded in Jamaica?
- The lowest recorded value was -8.3% in 2020.
- How does Jamaica rank for annual gdp growth?
- Jamaica ranks 209th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Jamaica?
- Over the last ten years it is down 177.6%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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