Gross Domestic Product — Value US$ in Jamaica
Jamaica: Gross Domestic Product — Value US$ was 19,930 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Jamaica, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Jamaica is 19,930 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 2.6% on the previous year and up 43.4% over ten years.
Over the whole period, gross domestic product — value us$ in Jamaica peaked at 19,930 million USD in 2024 and was at its lowest, 1,736 million USD, in 1970.
Jamaica ranks 125th of 203 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 US$ in Jamaica, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,736 million USD | — |
| 1971 | 1,900 million USD | +9.5% |
| 1972 | 2,312 million USD | +21.7% |
| 1973 | 2,354 million USD | +1.8% |
| 1974 | 2,946 million USD | +25.1% |
| 1975 | 3,548 million USD | +20.4% |
| 1976 | 3,678 million USD | +3.7% |
| 1977 | 4,030 million USD | +9.6% |
| 1978 | 3,280 million USD | -18.6% |
| 1979 | 3,017 million USD | -8.0% |
| 1980 | 3,323 million USD | +10.1% |
| 1981 | 3,695 million USD | +11.2% |
| 1982 | 4,085 million USD | +10.6% |
| 1983 | 4,489 million USD | +9.9% |
| 1984 | 2,944 million USD | -34.4% |
| 1985 | 2,605 million USD | -11.5% |
| 1986 | 3,147 million USD | +20.8% |
| 1987 | 3,761 million USD | +19.5% |
| 1988 | 4,397 million USD | +16.9% |
| 1989 | 5,049 million USD | +14.8% |
| 1990 | 5,277 million USD | +4.5% |
| 1991 | 4,717 million USD | -10.6% |
| 1992 | 4,223 million USD | -10.5% |
| 1993 | 5,440 million USD | +28.8% |
| 1994 | 5,453 million USD | +0.2% |
| 1995 | 6,578 million USD | +20.6% |
| 1996 | 7,394 million USD | +12.4% |
| 1997 | 8,400 million USD | +13.6% |
| 1998 | 8,787 million USD | +4.6% |
| 1999 | 8,887 million USD | +1.1% |
| 2000 | 9,005 million USD | +1.3% |
| 2001 | 9,195 million USD | +2.1% |
| 2002 | 9,719 million USD | +5.7% |
| 2003 | 9,430 million USD | -3.0% |
| 2004 | 10,175 million USD | +7.9% |
| 2005 | 11,244 million USD | +10.5% |
| 2006 | 11,930 million USD | +6.1% |
| 2007 | 12,800 million USD | +7.3% |
| 2008 | 13,709 million USD | +7.1% |
| 2009 | 12,120 million USD | -11.6% |
| 2010 | 13,220 million USD | +9.1% |
| 2011 | 14,445 million USD | +9.3% |
| 2012 | 14,807 million USD | +2.5% |
| 2013 | 14,264 million USD | -3.7% |
| 2014 | 13,899 million USD | -2.6% |
| 2015 | 14,189 million USD | +2.1% |
| 2016 | 14,077 million USD | -0.8% |
| 2017 | 14,809 million USD | +5.2% |
| 2018 | 15,731 million USD | +6.2% |
| 2019 | 15,831 million USD | +0.6% |
| 2020 | 13,812 million USD | -12.7% |
| 2021 | 14,658 million USD | +6.1% |
| 2022 | 17,098 million USD | +16.6% |
| 2023 | 19,423 million USD | +13.6% |
| 2024 | 19,930 million USD | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,880 million USD | 1,736 million USD | 4,030 million USD | 10 |
| 1980s | 3,749 million USD | 2,605 million USD | 5,049 million USD | 10 |
| 1990s | 6,515 million USD | 4,223 million USD | 8,887 million USD | 10 |
| 2000s | 10,933 million USD | 9,005 million USD | 13,709 million USD | 10 |
| 2010s | 14,527 million USD | 13,220 million USD | 15,831 million USD | 10 |
| 2020s | 16,984 million USD | 13,812 million USD | 19,930 million USD | 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)
- GNI, Atlas method (current US$), annual growth rate 8.13 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9728 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 7,785 current US$ per person (2025)
- GNI (current US$), annual growth rate 3.39 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9847 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 7,880 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.15 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 156.66 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Jamaica?
- Gross domestic product — value us$ in Jamaica was 19,930 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Jamaica?
- The highest recorded value was 19,930 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Jamaica?
- The lowest recorded value was 1,736 million USD in 1970.
- How does Jamaica rank for gross domestic product — value us$?
- Jamaica ranks 125th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Jamaica?
- Over the last ten years it is up 43.4%. 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 US$. Statizoid updates them automatically from the source API.
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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).