Gross Domestic Product — Value Standard Local Currency, annual growth in Jamaica
Jamaica: Gross Domestic Product — Value Standard Local Currency, annual growth was 4.13 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Jamaica, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Jamaica recorded 4.13 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is down 70.8% on the previous year and down 46.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Jamaica peaked at 69.65 % change on previous year in 1992 and was at its lowest, -6.8 % change on previous year, in 2020.
That places Jamaica 168th out of 218 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.
Gross Domestic Product — Value Standard Local Currency, annual growth in Jamaica, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.38 % change on previous year | — |
| 1972 | 12.17 % change on previous year | +29.7% |
| 1973 | 20.59 % change on previous year | +69.2% |
| 1974 | 25.14 % change on previous year | +22.1% |
| 1975 | 20.44 % change on previous year | -18.7% |
| 1976 | 3.69 % change on previous year | -82.0% |
| 1977 | 9.56 % change on previous year | +159.4% |
| 1978 | 26.51 % change on previous year | +177.2% |
| 1979 | 14.87 % change on previous year | -43.9% |
| 1980 | 11.18 % change on previous year | -24.8% |
| 1981 | 11.18 % change on previous year | +0.1% |
| 1982 | 10.56 % change on previous year | -5.6% |
| 1983 | 19.19 % change on previous year | +81.8% |
| 1984 | 33.82 % change on previous year | +76.3% |
| 1985 | 24.75 % change on previous year | -26.8% |
| 1986 | 19.05 % change on previous year | -23.0% |
| 1987 | 19.73 % change on previous year | +3.6% |
| 1988 | 16.94 % change on previous year | -14.2% |
| 1989 | 20.19 % change on previous year | +19.2% |
| 1990 | 30.71 % change on previous year | +52.1% |
| 1991 | 50.75 % change on previous year | +65.3% |
| 1992 | 69.65 % change on previous year | +37.2% |
| 1993 | 39.99 % change on previous year | -42.6% |
| 1994 | 32.92 % change on previous year | -17.7% |
| 1995 | 28.13 % change on previous year | -14.6% |
| 1996 | 18.74 % change on previous year | -33.4% |
| 1997 | 8.36 % change on previous year | -55.4% |
| 1998 | 7.99 % change on previous year | -4.4% |
| 1999 | 8.04 % change on previous year | +0.5% |
| 2000 | 11.56 % change on previous year | +43.8% |
| 2001 | 9.26 % change on previous year | -19.9% |
| 2002 | 11.26 % change on previous year | +21.7% |
| 2003 | 15.72 % change on previous year | +39.5% |
| 2004 | 14.35 % change on previous year | -8.7% |
| 2005 | 12.46 % change on previous year | -13.2% |
| 2006 | 12 % change on previous year | -3.7% |
| 2007 | 12.91 % change on previous year | +7.6% |
| 2008 | 12.63 % change on previous year | -2.2% |
| 2009 | 6.8 % change on previous year | -46.1% |
| 2010 | 8.21 % change on previous year | +20.6% |
| 2011 | 7.63 % change on previous year | -7.1% |
| 2012 | 5.92 % change on previous year | -22.4% |
| 2013 | 8.98 % change on previous year | +51.7% |
| 2014 | 7.67 % change on previous year | -14.6% |
| 2015 | 7.64 % change on previous year | -0.4% |
| 2016 | 6.1 % change on previous year | -20.1% |
| 2017 | 7.61 % change on previous year | +24.7% |
| 2018 | 6.98 % change on previous year | -8.3% |
| 2019 | 4.1 % change on previous year | -41.2% |
| 2020 | -6.8 % change on previous year | -265.7% |
| 2021 | 12.37 % change on previous year | -281.9% |
| 2022 | 18.69 % change on previous year | +51.1% |
| 2023 | 14.14 % change on previous year | -24.3% |
| 2024 | 4.13 % change on previous year | -70.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +281.9% | -6.8 % change on previous year | 12.37 % change on previous year |
| 2020 | -265.7% | 4.1 % change on previous year | -6.8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.82 % change on previous year | 3.69 % change on previous year | 26.51 % change on previous year | 9 |
| 1980s | 18.66 % change on previous year | 10.56 % change on previous year | 33.82 % change on previous year | 10 |
| 1990s | 29.53 % change on previous year | 7.99 % change on previous year | 69.65 % change on previous year | 10 |
| 2000s | 11.9 % change on previous year | 6.8 % change on previous year | 15.72 % change on previous year | 10 |
| 2010s | 7.08 % change on previous year | 4.1 % change on previous year | 8.98 % change on previous year | 10 |
| 2020s | 8.51 % change on previous year | -6.8 % change on previous year | 18.69 % change on previous year | 5 |
Countries ranked near Jamaica
- 165 Djibouti 4.32 % change on previous year compare
- 166 Cook Islands 4.27 % change on previous year compare
- 167 Tuvalu 4.26 % change on previous year compare
- 169 Cameroon 4.12 % change on previous year compare
- 170 Australia 4.1 % change on previous year compare
- 171 Gabon 4.01 % change on previous year 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 gross domestic product — value standard local currency, annual growth in Jamaica?
- Gross domestic product — value standard local currency, annual growth in Jamaica was 4.13 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Jamaica?
- The highest recorded value was 69.65 % change on previous year in 1992.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Jamaica?
- The lowest recorded value was -6.8 % change on previous year in 2020.
- How does Jamaica rank for gross domestic product — value standard local currency, annual growth?
- Jamaica ranks 168th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Jamaica?
- Over the last ten years it is down 46.2%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.