Gross value added at basic prices (GVA) in Jamaica
Jamaica: Gross value added at basic prices (GVA) was 1.72 trillion constant LCU in 2025. ▲ Rising
Latest (2025)
1.72 trillion constant LCU
Change on year
up 0.1%
World rank
78th
of 198 countries
All-time high
1.73 trillion constant LCU
in 2023
All-time low
724.41 billion constant LCU
in 1967
Years of data
60
1966–2025
Gross value added at basic prices (GVA) in Jamaica, 1966–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Jamaica is 1.72 trillion constant LCU, measured in 2025.
The figure is up 0.1% on the previous year and up 15.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Jamaica peaked at 1.73 trillion constant LCU in 2023 and was at its lowest, 724.41 billion constant LCU, in 1967.
Jamaica ranks 78th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Gross value added at basic prices (GVA) in Jamaica, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1966 | 727.53 billion constant LCU | — |
| 1967 | 724.41 billion constant LCU | -0.4% |
| 1968 | 777.18 billion constant LCU | +7.3% |
| 1969 | 824.39 billion constant LCU | +6.1% |
| 1970 | 928.40 billion constant LCU | +12.6% |
| 1971 | 945.91 billion constant LCU | +1.9% |
| 1972 | 1.12 trillion constant LCU | +18.2% |
| 1973 | 1.06 trillion constant LCU | -5.3% |
| 1974 | 1.02 trillion constant LCU | -4.0% |
| 1975 | 1.00 trillion constant LCU | -1.2% |
| 1976 | 941.26 billion constant LCU | -6.3% |
| 1977 | 931.65 billion constant LCU | -1.0% |
| 1978 | 931.41 billion constant LCU | -0.0% |
| 1979 | 910.69 billion constant LCU | -2.2% |
| 1980 | 845.04 billion constant LCU | -7.2% |
| 1981 | 849.06 billion constant LCU | +0.5% |
| 1982 | 859.18 billion constant LCU | +1.2% |
| 1983 | 886.77 billion constant LCU | +3.2% |
| 1984 | 867.73 billion constant LCU | -2.1% |
| 1985 | 828.59 billion constant LCU | -4.5% |
| 1986 | 842.22 billion constant LCU | +1.6% |
| 1987 | 903.12 billion constant LCU | +7.2% |
| 1988 | 947.95 billion constant LCU | +5.0% |
| 1989 | 1.02 trillion constant LCU | +7.5% |
| 1990 | 1.08 trillion constant LCU | +5.6% |
| 1991 | 1.15 trillion constant LCU | +6.5% |
| 1992 | 1.14 trillion constant LCU | -0.4% |
| 1993 | 1.32 trillion constant LCU | +15.7% |
| 1994 | 1.35 trillion constant LCU | +1.9% |
| 1995 | 1.38 trillion constant LCU | +2.4% |
| 1996 | 1.37 trillion constant LCU | -0.4% |
| 1997 | 1.35 trillion constant LCU | -1.6% |
| 1998 | 1.33 trillion constant LCU | -1.2% |
| 1999 | 1.35 trillion constant LCU | +1.0% |
| 2000 | 1.36 trillion constant LCU | +0.8% |
| 2001 | 1.38 trillion constant LCU | +1.3% |
| 2002 | 1.39 trillion constant LCU | +0.7% |
| 2003 | 1.44 trillion constant LCU | +3.7% |
| 2004 | 1.45 trillion constant LCU | +1.3% |
| 2005 | 1.47 trillion constant LCU | +0.9% |
| 2006 | 1.51 trillion constant LCU | +2.9% |
| 2007 | 1.53 trillion constant LCU | +1.4% |
| 2008 | 1.52 trillion constant LCU | -0.8% |
| 2009 | 1.47 trillion constant LCU | -3.4% |
| 2010 | 1.45 trillion constant LCU | -1.4% |
| 2011 | 1.47 trillion constant LCU | +1.4% |
| 2012 | 1.46 trillion constant LCU | -0.5% |
| 2013 | 1.46 trillion constant LCU | +0.2% |
| 2014 | 1.47 trillion constant LCU | +0.6% |
| 2015 | 1.48 trillion constant LCU | +0.9% |
| 2016 | 1.53 trillion constant LCU | +2.8% |
| 2017 | 1.56 trillion constant LCU | +2.3% |
| 2018 | 1.60 trillion constant LCU | +2.5% |
| 2019 | 1.63 trillion constant LCU | +1.8% |
| 2020 | 1.49 trillion constant LCU | -8.3% |
| 2021 | 1.58 trillion constant LCU | +5.7% |
| 2022 | 1.68 trillion constant LCU | +6.4% |
| 2023 | 1.73 trillion constant LCU | +2.7% |
| 2024 | 1.72 trillion constant LCU | -0.5% |
| 2025 | 1.72 trillion constant LCU | +0.1% |
Jamaica compared with similar countries
- Jamaica's 1.72 trillion constant LCU is above the median for upper middle income countries, which is 504.09 billion constant LCU, 3.4× the median. (57 countries reporting)
- Jamaica's 1.72 trillion constant LCU is above the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 15.5× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 763.38 billion constant LCU | 724.41 billion constant LCU | 824.39 billion constant LCU | 4 |
| 1970s | 978.75 billion constant LCU | 910.69 billion constant LCU | 1.12 trillion constant LCU | 10 |
| 1980s | 884.86 billion constant LCU | 828.59 billion constant LCU | 1.02 trillion constant LCU | 10 |
| 1990s | 1.28 trillion constant LCU | 1.08 trillion constant LCU | 1.38 trillion constant LCU | 10 |
| 2000s | 1.45 trillion constant LCU | 1.36 trillion constant LCU | 1.53 trillion constant LCU | 10 |
| 2010s | 1.51 trillion constant LCU | 1.45 trillion constant LCU | 1.63 trillion constant LCU | 10 |
| 2020s | 1.65 trillion constant LCU | 1.49 trillion constant LCU | 1.73 trillion constant LCU | 6 |
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 value added at basic prices (gva) in Jamaica?
- Gross value added at basic prices (gva) in Jamaica was 1.72 trillion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Jamaica?
- The highest recorded value was 1.73 trillion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Jamaica?
- The lowest recorded value was 724.41 billion constant LCU in 1967.
- How does Jamaica rank for gross value added at basic prices (gva)?
- Jamaica ranks 78th out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Jamaica?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.