Expense in Jamaica
Jamaica: Expense was 27.5% in 2020. ▲ Rising
Expense in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Jamaica recorded 27.5% for expense in 2020.
The figure is up 14.5% on the previous year and down 5.0% over ten years.
Over the whole period, expense in Jamaica peaked at 36.3% in 2009 and was at its lowest, 18.7%, in 1993.
That places Jamaica 72nd out of 157 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Expense in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1988 | 24.4% | — |
| 1989 | 24.3% | -0.8% |
| 1990 | 22.6% | -6.6% |
| 1991 | 21.4% | -5.6% |
| 1992 | 20.1% | -6.0% |
| 1993 | 18.7% | -7.0% |
| 1994 | 19.1% | +2.2% |
| 1995 | 19.2% | +0.7% |
| 1996 | 23.4% | +21.7% |
| 1997 | 24.2% | +3.6% |
| 1998 | 26.4% | +8.8% |
| 1999 | 26.9% | +1.8% |
| 2000 | 24.7% | -7.8% |
| 2001 | 26.9% | +8.6% |
| 2002 | 30.0% | +11.6% |
| 2003 | 31.8% | +6.1% |
| 2004 | 30.3% | -4.9% |
| 2005 | 27.5% | -9.3% |
| 2006 | 28.6% | +4.3% |
| 2007 | 28.6% | -0.2% |
| 2008 | 31.1% | +8.9% |
| 2009 | 36.3% | +16.8% |
| 2010 | 28.9% | -20.4% |
| 2011 | 28.2% | -2.4% |
| 2012 | 27.5% | -2.4% |
| 2013 | 25.0% | -9.1% |
| 2014 | 25.7% | +2.7% |
| 2015 | 24.5% | -4.8% |
| 2016 | 24.8% | +1.2% |
| 2017 | 25.0% | +1.0% |
| 2018 | 24.8% | -0.9% |
| 2019 | 24.0% | -3.3% |
| 2020 | 27.5% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.3% | 24.3% | 24.4% | 2 |
| 1990s | 22.2% | 18.7% | 26.9% | 10 |
| 2000s | 29.6% | 24.7% | 36.3% | 10 |
| 2010s | 25.8% | 24.0% | 28.9% | 10 |
| 2020s | 27.5% | 27.5% | 27.5% | 1 |
Countries ranked near Jamaica
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 3.71 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8487 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,792 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.47 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 135.02 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.08 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.0817 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6471 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is expense in Jamaica?
- Expense in Jamaica was 27.5% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Jamaica?
- The highest recorded value was 36.3% in 2009.
- What is the lowest expense recorded in Jamaica?
- The lowest recorded value was 18.7% in 1993.
- How does Jamaica rank for expense?
- Jamaica ranks 72nd out of 157 countries with data for 2020.
- Is expense rising or falling in Jamaica?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.