Gross Fixed Capital Formation — Value US$ in Jamaica
Jamaica: Gross Fixed Capital Formation — Value US$ was 4,878 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Jamaica, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Jamaica recorded 4,878 million USD for gross fixed capital formation — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 59.4% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Jamaica peaked at 4,878 million USD in 2024 and was at its lowest, 348.88 million USD, in 1978.
Jamaica ranks 134th of 235 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 Fixed Capital Formation — Value US$ in Jamaica, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 435.48 million USD | — |
| 1971 | 422.46 million USD | -3.0% |
| 1972 | 472.34 million USD | +11.8% |
| 1973 | 487.24 million USD | +3.2% |
| 1974 | 519.86 million USD | +6.7% |
| 1975 | 662.7 million USD | +27.5% |
| 1976 | 490.07 million USD | -26.0% |
| 1977 | 379.94 million USD | -22.5% |
| 1978 | 348.88 million USD | -8.2% |
| 1979 | 418.94 million USD | +20.1% |
| 1980 | 382.85 million USD | -8.6% |
| 1981 | 529.2 million USD | +38.2% |
| 1982 | 647.92 million USD | +22.4% |
| 1983 | 734.68 million USD | +13.4% |
| 1984 | 496.45 million USD | -32.4% |
| 1985 | 478.25 million USD | -3.7% |
| 1986 | 438.73 million USD | -8.3% |
| 1987 | 638.49 million USD | +45.5% |
| 1988 | 876.06 million USD | +37.2% |
| 1989 | 1,125 million USD | +28.4% |
| 1990 | 1,150 million USD | +2.3% |
| 1991 | 964.51 million USD | -16.2% |
| 1992 | 1,031 million USD | +6.9% |
| 1993 | 1,338 million USD | +29.8% |
| 1994 | 1,304 million USD | -2.6% |
| 1995 | 1,639 million USD | +25.7% |
| 1996 | 1,874 million USD | +14.4% |
| 1997 | 2,148 million USD | +14.6% |
| 1998 | 1,975 million USD | -8.1% |
| 1999 | 1,876 million USD | -5.0% |
| 2000 | 2,090 million USD | +11.4% |
| 2001 | 2,366 million USD | +13.2% |
| 2002 | 2,641 million USD | +11.6% |
| 2003 | 2,460 million USD | -6.9% |
| 2004 | 2,683 million USD | +9.1% |
| 2005 | 3,006 million USD | +12.1% |
| 2006 | 3,348 million USD | +11.4% |
| 2007 | 3,344 million USD | -0.1% |
| 2008 | 3,286 million USD | -1.7% |
| 2009 | 2,528 million USD | -23.1% |
| 2010 | 2,631 million USD | +4.1% |
| 2011 | 3,025 million USD | +15.0% |
| 2012 | 2,908 million USD | -3.9% |
| 2013 | 2,994 million USD | +2.9% |
| 2014 | 3,060 million USD | +2.2% |
| 2015 | 3,010 million USD | -1.6% |
| 2016 | 2,983 million USD | -0.9% |
| 2017 | 3,278 million USD | +9.9% |
| 2018 | 3,662 million USD | +11.7% |
| 2019 | 3,814 million USD | +4.1% |
| 2020 | 2,676 million USD | -29.8% |
| 2021 | 2,677 million USD | +0.1% |
| 2022 | 4,029 million USD | +50.5% |
| 2023 | 4,630 million USD | +14.9% |
| 2024 | 4,878 million USD | +5.4% |
Jamaica compared with similar countries
- Jamaica's 4,878 million USD is below the median for upper middle income countries, which is 8,136 million USD, 60% of the median. (54 countries reporting)
- Jamaica's 4,878 million USD is above the median for Latin America & Caribbean, which is 3,605 million USD, 1.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 463.79 million USD | 348.88 million USD | 662.7 million USD | 10 |
| 1980s | 634.74 million USD | 382.85 million USD | 1,125 million USD | 10 |
| 1990s | 1,530 million USD | 964.51 million USD | 2,148 million USD | 10 |
| 2000s | 2,775 million USD | 2,090 million USD | 3,348 million USD | 10 |
| 2010s | 3,137 million USD | 2,631 million USD | 3,814 million USD | 10 |
| 2020s | 3,778 million USD | 2,676 million USD | 4,878 million USD | 5 |
Countries ranked near Jamaica
- 131 Kyrgyzstan 5,361 million USD compare
- 132 Tajikistan 5,049 million USD compare
- 133 Lebanon 5,042 million USD compare
- 135 Niger 4,572 million USD compare
- 136 Malta 4,365 million USD compare
- 137 Brunei Darussalam 4,354 million USD compare
- 137 Brunei 4,354 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)
- 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$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Jamaica?
- Gross fixed capital formation — value us$ in Jamaica was 4,878 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Jamaica?
- The highest recorded value was 4,878 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Jamaica?
- The lowest recorded value was 348.88 million USD in 1978.
- How does Jamaica rank for gross fixed capital formation — value us$?
- Jamaica ranks 134th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Jamaica?
- Over the last ten years it is up 59.4%. 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 Fixed Capital Formation — Value US$. 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).