Effective tax rates - Corporate tax statistics — Effective marginal in Jamaica
Jamaica: Effective tax rates - Corporate tax statistics — Effective marginal was 90.16 Percentage of taxable income in 2025. ▲ Rising
Effective tax rates - Corporate tax statistics — Effective marginal in Jamaica, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Jamaica recorded 90.16 Percentage of taxable income for effective tax rates - corporate tax statistics — effective marginal in 2025.
The figure is down 10.1% on the previous year and up 33.8% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective marginal in Jamaica peaked at 108.77 Percentage of taxable income in 2022 and was at its lowest, 63.39 Percentage of taxable income, in 2019.
Jamaica ranks 10th of 99 countries on this measure, in the top 10%.
Effective tax rates - Corporate tax statistics — Effective marginal in Jamaica, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 67.41 Percentage of taxable income | — |
| 2018 | 64.67 Percentage of taxable income | -4.1% |
| 2019 | 63.39 Percentage of taxable income | -2.0% |
| 2020 | 70.75 Percentage of taxable income | +11.6% |
| 2021 | 81.64 Percentage of taxable income | +15.4% |
| 2022 | 108.77 Percentage of taxable income | +33.2% |
| 2023 | 106.41 Percentage of taxable income | -2.2% |
| 2024 | 100.29 Percentage of taxable income | -5.8% |
| 2025 | 90.16 Percentage of taxable income | -10.1% |
Jamaica compared with similar countries
- Jamaica's 90.16 Percentage of taxable income is above the median for upper middle income countries, which is 34.66 Percentage of taxable income, 2.6× the median. (24 countries reporting)
- Jamaica's 90.16 Percentage of taxable income is above the median for Latin America & Caribbean, which is 27.92 Percentage of taxable income, 3.2× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 65.16 Percentage of taxable income | 63.39 Percentage of taxable income | 67.41 Percentage of taxable income | 3 |
| 2020s | 93 Percentage of taxable income | 70.75 Percentage of taxable income | 108.77 Percentage of taxable income | 6 |
Countries ranked near Jamaica
- 7 Papua New Guinea 106.59 Percentage of taxable income compare
- 8 Czechia 99.95 Percentage of taxable income compare
- 9 Peru 95.49 Percentage of taxable income compare
- 11 Nigeria 86.72 Percentage of taxable income compare
- 12 Brazil 85.31 Percentage of taxable income compare
- 13 Angola 78.02 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 marginal in Jamaica?
- Effective tax rates - corporate tax statistics — effective marginal in Jamaica was 90.16 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 marginal recorded in Jamaica?
- The highest recorded value was 108.77 Percentage of taxable income in 2022.
- What is the lowest effective tax rates - corporate tax statistics — effective marginal recorded in Jamaica?
- The lowest recorded value was 63.39 Percentage of taxable income in 2019.
- How does Jamaica rank for effective tax rates - corporate tax statistics — effective marginal?
- Jamaica ranks 10th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective marginal rising or falling in Jamaica?
- Over the last ten years it is up 33.8%. 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 marginal tax rate. Statizoid updates them automatically from the source API.
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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.