Gross Fixed Capital Formation — Value Standard Local Currency in Jamaica
Jamaica: Gross Fixed Capital Formation — Value Standard Local Currency was 763,074 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Jamaica, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Jamaica recorded 763,074 million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 6.9% on the previous year and up 124.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Jamaica peaked at 763,074 million SLC in 2024 and was at its lowest, 345.4 million SLC, in 1977.
That places Jamaica 65th out of 202 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Jamaica, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 362.9 million SLC | — |
| 1971 | 351.83 million SLC | -3.1% |
| 1972 | 362.5 million SLC | +3.0% |
| 1973 | 442.95 million SLC | +22.2% |
| 1974 | 472.6 million SLC | +6.7% |
| 1975 | 602.46 million SLC | +27.5% |
| 1976 | 445.52 million SLC | -26.0% |
| 1977 | 345.4 million SLC | -22.5% |
| 1978 | 493.05 million SLC | +42.7% |
| 1979 | 739.33 million SLC | +50.0% |
| 1980 | 682.01 million SLC | -7.8% |
| 1981 | 942.72 million SLC | +38.2% |
| 1982 | 1,154 million SLC | +22.4% |
| 1983 | 1,420 million SLC | +23.0% |
| 1984 | 1,957 million SLC | +37.9% |
| 1985 | 2,658 million SLC | +35.8% |
| 1986 | 2,403 million SLC | -9.6% |
| 1987 | 3,503 million SLC | +45.8% |
| 1988 | 4,808 million SLC | +37.3% |
| 1989 | 6,461 million SLC | +34.4% |
| 1990 | 8,264 million SLC | +27.9% |
| 1991 | 11,686 million SLC | +41.4% |
| 1992 | 23,672 million SLC | +102.6% |
| 1993 | 33,385 million SLC | +41.0% |
| 1994 | 43,133 million SLC | +29.2% |
| 1995 | 57,596 million SLC | +33.5% |
| 1996 | 69,577 million SLC | +20.8% |
| 1997 | 76,041 million SLC | +9.3% |
| 1998 | 72,178 million SLC | -5.1% |
| 1999 | 73,226 million SLC | +1.5% |
| 2000 | 89,824 million SLC | +22.7% |
| 2001 | 108,850 million SLC | +21.2% |
| 2002 | 127,865 million SLC | +17.5% |
| 2003 | 142,024 million SLC | +11.1% |
| 2004 | 164,173 million SLC | +15.6% |
| 2005 | 187,221 million SLC | +14.0% |
| 2006 | 220,129 million SLC | +17.6% |
| 2007 | 231,392 million SLC | +5.1% |
| 2008 | 239,066 million SLC | +3.3% |
| 2009 | 222,197 million SLC | -7.1% |
| 2010 | 229,408 million SLC | +3.2% |
| 2011 | 259,834 million SLC | +13.3% |
| 2012 | 258,093 million SLC | -0.7% |
| 2013 | 300,554 million SLC | +16.5% |
| 2014 | 339,502 million SLC | +13.0% |
| 2015 | 352,095 million SLC | +3.7% |
| 2016 | 373,187 million SLC | +6.0% |
| 2017 | 419,435 million SLC | +12.4% |
| 2018 | 471,962 million SLC | +12.5% |
| 2019 | 508,473 million SLC | +7.7% |
| 2020 | 381,042 million SLC | -25.1% |
| 2021 | 403,721 million SLC | +6.0% |
| 2022 | 618,133 million SLC | +53.1% |
| 2023 | 713,697 million SLC | +15.5% |
| 2024 | 763,074 million SLC | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 461.85 million SLC | 345.4 million SLC | 739.33 million SLC | 10 |
| 1980s | 2,599 million SLC | 682.01 million SLC | 6,461 million SLC | 10 |
| 1990s | 46,876 million SLC | 8,264 million SLC | 76,041 million SLC | 10 |
| 2000s | 173,274 million SLC | 89,824 million SLC | 239,066 million SLC | 10 |
| 2010s | 351,254 million SLC | 229,408 million SLC | 508,473 million SLC | 10 |
| 2020s | 575,933 million SLC | 381,042 million SLC | 763,074 million SLC | 5 |
Countries ranked near Jamaica
- 62 South Africa 1.07 million million SLC compare
- 63 Germany 909,014 million SLC compare
- 64 Equatorial Guinea 799,829 million SLC compare
- 66 Australia 703,358 million SLC compare
- 67 South Sudan 692,561 million SLC compare
- 68 Canada 685,093 million SLC 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)
- 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)
- GNI (current LCU), per capita 1.25 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 11.12 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 9.61 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 0.0582 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1513 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,211 current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Jamaica?
- Gross fixed capital formation — value standard local currency in Jamaica was 763,074 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Jamaica?
- The highest recorded value was 763,074 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Jamaica?
- The lowest recorded value was 345.4 million SLC in 1977.
- How does Jamaica rank for gross fixed capital formation — value standard local currency?
- Jamaica ranks 65th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Jamaica?
- Over the last ten years it is up 124.8%. 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 Fixed Capital Formation — 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).