Effective tax rates: Corporate tax statistics … Effective average in Jamaica
Jamaica: Effective tax rates: Corporate tax statistics … Effective average was 35.9 Percentage of taxable income in 2025. ▲ Rising
Effective tax rates - Corporate tax statistics — Effective average in Jamaica, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for effective tax rates - corporate tax statistics — effective average in Jamaica is 35.9 Percentage of taxable income, measured in 2025. That is the highest value across all 9 years on record.
That represents a change of up 0.2% on the previous year and up 2.2% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective average in Jamaica peaked at 35.9 Percentage of taxable income in 2025 and was at its lowest, 33.24 Percentage of taxable income, in 2019.
That places Jamaica 11th out of 99 countries with data for 2025, putting it in the top quarter.
Effective tax rates: Corporate tax statistics … Effective average in Jamaica, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 35.14 Percentage of taxable income | — |
| 2018 | 34.22 Percentage of taxable income | -2.6% |
| 2019 | 33.24 Percentage of taxable income | -2.9% |
| 2020 | 33.28 Percentage of taxable income | +0.1% |
| 2021 | 33.83 Percentage of taxable income | +1.6% |
| 2022 | 34.81 Percentage of taxable income | +2.9% |
| 2023 | 35.43 Percentage of taxable income | +1.8% |
| 2024 | 35.83 Percentage of taxable income | +1.1% |
| 2025 | 35.9 Percentage of taxable income | +0.2% |
Jamaica compared with similar countries
- Jamaica's 35.9 Percentage of taxable income is above the median for upper middle income countries, which is 26.94 Percentage of taxable income, 1.3× the median. (24 countries reporting)
- Jamaica's 35.9 Percentage of taxable income is above the median for Latin America & Caribbean, which is 26.4 Percentage of taxable income, 1.4× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 34.2 Percentage of taxable income | 33.24 Percentage of taxable income | 35.14 Percentage of taxable income | 3 |
| 2020s | 34.84 Percentage of taxable income | 33.28 Percentage of taxable income | 35.9 Percentage of taxable income | 6 |
Countries ranked near Jamaica
- 8 Nigeria 40.56 Percentage of taxable income compare
- 9 Brazil 39.98 Percentage of taxable income compare
- 10 Azerbaijan 36.53 Percentage of taxable income compare
- 12 Senegal 34.76 Percentage of taxable income compare
- 13 Liberia 34.11 Percentage of taxable income compare
- 14 Angola 34.06 Percentage of taxable income compare
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 effective tax rates - corporate tax statistics — effective average in Jamaica?
- Effective tax rates - corporate tax statistics — effective average in Jamaica was 35.9 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective average recorded in Jamaica?
- The highest recorded value was 35.9 Percentage of taxable income in 2025.
- What is the lowest effective tax rates - corporate tax statistics — effective average recorded in Jamaica?
- The lowest recorded value was 33.24 Percentage of taxable income in 2019.
- How does Jamaica rank for effective tax rates - corporate tax statistics — effective average?
- Jamaica ranks 11th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective average rising or falling in Jamaica?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.