Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Jamaica
Jamaica: Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) was 3,024 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Jamaica, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Jamaica stood at 3,024 million USD.
That represents a change of down 0.1% on the previous year and down 4.4% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Jamaica peaked at 4,065 million USD in 2006 and was at its lowest, 1,236 million USD, in 1980.
That places Jamaica 153rd out of 235 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Jamaica, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,710 million USD | — |
| 1971 | 3,388 million USD | -8.7% |
| 1972 | 3,397 million USD | +0.3% |
| 1973 | 3,486 million USD | +2.6% |
| 1974 | 2,856 million USD | -18.1% |
| 1975 | 3,135 million USD | +9.7% |
| 1976 | 2,215 million USD | -29.3% |
| 1977 | 1,574 million USD | -28.9% |
| 1978 | 1,678 million USD | +6.6% |
| 1979 | 1,598 million USD | -4.8% |
| 1980 | 1,236 million USD | -22.7% |
| 1981 | 1,442 million USD | +16.7% |
| 1982 | 1,684 million USD | +16.7% |
| 1983 | 1,659 million USD | -1.5% |
| 1984 | 1,450 million USD | -12.6% |
| 1985 | 1,434 million USD | -1.1% |
| 1986 | 1,297 million USD | -9.5% |
| 1987 | 1,675 million USD | +29.1% |
| 1988 | 2,005 million USD | +19.6% |
| 1989 | 2,384 million USD | +19.0% |
| 1990 | 2,460 million USD | +3.2% |
| 1991 | 2,328 million USD | -5.4% |
| 1992 | 3,067 million USD | +31.7% |
| 1993 | 3,151 million USD | +2.7% |
| 1994 | 3,090 million USD | -1.9% |
| 1995 | 3,253 million USD | +5.3% |
| 1996 | 3,320 million USD | +2.1% |
| 1997 | 3,316 million USD | -0.1% |
| 1998 | 2,879 million USD | -13.2% |
| 1999 | 2,730 million USD | -5.2% |
| 2000 | 3,023 million USD | +10.7% |
| 2001 | 3,395 million USD | +12.3% |
| 2002 | 3,609 million USD | +6.3% |
| 2003 | 3,591 million USD | -0.5% |
| 2004 | 3,678 million USD | +2.4% |
| 2005 | 3,763 million USD | +2.3% |
| 2006 | 4,065 million USD | +8.0% |
| 2007 | 3,839 million USD | -5.6% |
| 2008 | 3,536 million USD | -7.9% |
| 2009 | 2,902 million USD | -17.9% |
| 2010 | 2,827 million USD | -2.6% |
| 2011 | 3,057 million USD | +8.1% |
| 2012 | 2,906 million USD | -5.0% |
| 2013 | 3,070 million USD | +5.6% |
| 2014 | 3,162 million USD | +3.0% |
| 2015 | 3,010 million USD | -4.8% |
| 2016 | 3,012 million USD | +0.1% |
| 2017 | 3,152 million USD | +4.6% |
| 2018 | 3,333 million USD | +5.7% |
| 2019 | 3,395 million USD | +1.9% |
| 2020 | 2,861 million USD | -15.7% |
| 2021 | 3,031 million USD | +5.9% |
| 2022 | 3,097 million USD | +2.2% |
| 2023 | 3,029 million USD | -2.2% |
| 2024 | 3,024 million USD | -0.1% |
Jamaica compared with similar countries
- Jamaica's 3,024 million USD is below the median for upper middle income countries, which is 7,886 million USD, 38% of the median. (54 countries reporting)
- Jamaica's 3,024 million USD is above the median for Latin America & Caribbean, which is 2,959 million USD, 1.0× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,704 million USD | 1,574 million USD | 3,710 million USD | 10 |
| 1980s | 1,627 million USD | 1,236 million USD | 2,384 million USD | 10 |
| 1990s | 2,959 million USD | 2,328 million USD | 3,320 million USD | 10 |
| 2000s | 3,540 million USD | 2,902 million USD | 4,065 million USD | 10 |
| 2010s | 3,092 million USD | 2,827 million USD | 3,395 million USD | 10 |
| 2020s | 3,009 million USD | 2,861 million USD | 3,097 million USD | 5 |
Countries ranked near Jamaica
- 150 Afghanistan 3,201 million USD compare
- 151 Yemen Ar Rp 3,128 million USD compare
- 152 Namibia 3,103 million USD compare
- 154 Guinea 2,981 million USD compare
- 155 North Macedonia 2,946 million USD compare
- 156 Chad 2,894 million USD 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)
- SDRs holdings, US dollar, annual growth rate -17.03 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 72.88 units per person (2025)
- SDRs holdings, SDR, annual growth rate -20.99 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 53.22 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.62 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.022 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Jamaica?
- Gross fixed capital formation — value us$, 2015 prices in Jamaica was 3,024 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Jamaica?
- The highest recorded value was 4,065 million USD in 2006.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Jamaica?
- The lowest recorded value was 1,236 million USD in 1980.
- How does Jamaica rank for gross fixed capital formation — value us$, 2015 prices?
- Jamaica ranks 153rd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Jamaica?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. 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).