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% |
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.07 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.3763 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 305.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -38.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0139 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 107.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 11.9 % 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.