Gross Domestic Product — Value Standard Local Currency in Jamaica
Jamaica: Gross Domestic Product — Value Standard Local Currency was 3.12 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Jamaica, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Jamaica recorded 3.12 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.1% on the previous year and up 102.2% over ten years.
Over the whole period, gross domestic product — value standard local currency in Jamaica peaked at 3.12 million million SLC in 2024 and was at its lowest, 1,446 million SLC, in 1970.
Jamaica ranks 80th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Jamaica, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,446 million SLC | — |
| 1971 | 1,582 million SLC | +9.4% |
| 1972 | 1,774 million SLC | +12.2% |
| 1973 | 2,140 million SLC | +20.6% |
| 1974 | 2,678 million SLC | +25.1% |
| 1975 | 3,225 million SLC | +20.4% |
| 1976 | 3,344 million SLC | +3.7% |
| 1977 | 3,664 million SLC | +9.6% |
| 1978 | 4,635 million SLC | +26.5% |
| 1979 | 5,325 million SLC | +14.9% |
| 1980 | 5,920 million SLC | +11.2% |
| 1981 | 6,582 million SLC | +11.2% |
| 1982 | 7,277 million SLC | +10.6% |
| 1983 | 8,673 million SLC | +19.2% |
| 1984 | 11,606 million SLC | +33.8% |
| 1985 | 14,479 million SLC | +24.7% |
| 1986 | 17,236 million SLC | +19.0% |
| 1987 | 20,637 million SLC | +19.7% |
| 1988 | 24,132 million SLC | +16.9% |
| 1989 | 29,003 million SLC | +20.2% |
| 1990 | 37,910 million SLC | +30.7% |
| 1991 | 57,150 million SLC | +50.8% |
| 1992 | 96,953 million SLC | +69.6% |
| 1993 | 135,722 million SLC | +40.0% |
| 1994 | 180,403 million SLC | +32.9% |
| 1995 | 231,148 million SLC | +28.1% |
| 1996 | 274,458 million SLC | +18.7% |
| 1997 | 297,399 million SLC | +8.4% |
| 1998 | 321,172 million SLC | +8.0% |
| 1999 | 346,982 million SLC | +8.0% |
| 2000 | 387,089 million SLC | +11.6% |
| 2001 | 422,923 million SLC | +9.3% |
| 2002 | 470,555 million SLC | +11.3% |
| 2003 | 544,510 million SLC | +15.7% |
| 2004 | 622,661 million SLC | +14.4% |
| 2005 | 700,276 million SLC | +12.5% |
| 2006 | 784,336 million SLC | +12.0% |
| 2007 | 885,632 million SLC | +12.9% |
| 2008 | 997,444 million SLC | +12.6% |
| 2009 | 1.07 million million SLC | +6.8% |
| 2010 | 1.15 million million SLC | +8.2% |
| 2011 | 1.24 million million SLC | +7.6% |
| 2012 | 1.31 million million SLC | +5.9% |
| 2013 | 1.43 million million SLC | +9.0% |
| 2014 | 1.54 million million SLC | +7.7% |
| 2015 | 1.66 million million SLC | +7.6% |
| 2016 | 1.76 million million SLC | +6.1% |
| 2017 | 1.90 million million SLC | +7.6% |
| 2018 | 2.03 million million SLC | +7.0% |
| 2019 | 2.11 million million SLC | +4.1% |
| 2020 | 1.97 million million SLC | -6.8% |
| 2021 | 2.21 million million SLC | +12.4% |
| 2022 | 2.62 million million SLC | +18.7% |
| 2023 | 2.99 million million SLC | +14.1% |
| 2024 | 3.12 million million SLC | +4.1% |
Jamaica compared with similar countries
- Jamaica's 3.12 million million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 3.4× the median. (54 countries reporting)
- Jamaica's 3.12 million million SLC is above the median for Latin America & Caribbean, which is 147,748 million SLC, 21.1× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1992 | +69.6% | 57,150 million SLC | 96,953 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,981 million SLC | 1,446 million SLC | 5,325 million SLC | 10 |
| 1980s | 14,554 million SLC | 5,920 million SLC | 29,003 million SLC | 10 |
| 1990s | 197,930 million SLC | 37,910 million SLC | 346,982 million SLC | 10 |
| 2000s | 688,075 million SLC | 387,089 million SLC | 1.07 million million SLC | 10 |
| 2010s | 1.61 million million SLC | 1.15 million million SLC | 2.11 million million SLC | 10 |
| 2020s | 2.58 million million SLC | 1.97 million million SLC | 3.12 million million SLC | 5 |
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)
- 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 in Jamaica?
- Gross domestic product — value standard local currency in Jamaica was 3.12 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Jamaica?
- The highest recorded value was 3.12 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Jamaica?
- The lowest recorded value was 1,446 million SLC in 1970.
- How does Jamaica rank for gross domestic product — value standard local currency?
- Jamaica ranks 80th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Jamaica?
- Over the last ten years it is up 102.2%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).