Gross value added at basic prices (GVA) in Jamaica
Jamaica: Gross value added at basic prices (GVA) was 3.07 trillion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Jamaica, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Jamaica recorded 3.07 trillion current LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 66 years on record.
The figure is up 5.5% on the previous year and up 106.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Jamaica peaked at 3.07 trillion current LCU in 2025 and was at its lowest, 460.33 million current LCU, in 1960.
That places Jamaica 77th out of 207 countries with data for 2025, 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 value added at basic prices (GVA) in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 460.33 million current LCU | — |
| 1961 | 492.00 million current LCU | +6.9% |
| 1962 | 512.37 million current LCU | +4.1% |
| 1963 | 545.53 million current LCU | +6.5% |
| 1964 | 584.24 million current LCU | +7.1% |
| 1965 | 633.50 million current LCU | +8.4% |
| 1966 | 716.60 million current LCU | +13.1% |
| 1967 | 743.80 million current LCU | +3.8% |
| 1968 | 819.80 million current LCU | +10.2% |
| 1969 | 905.30 million current LCU | +10.4% |
| 1970 | 1.07 billion current LCU | +18.5% |
| 1971 | 1.17 billion current LCU | +8.9% |
| 1972 | 1.31 billion current LCU | +12.4% |
| 1973 | 1.57 billion current LCU | +19.8% |
| 1974 | 1.98 billion current LCU | +25.8% |
| 1975 | 2.36 billion current LCU | +19.3% |
| 1976 | 2.46 billion current LCU | +4.1% |
| 1977 | 2.74 billion current LCU | +11.3% |
| 1978 | 3.47 billion current LCU | +26.5% |
| 1979 | 3.92 billion current LCU | +13.2% |
| 1980 | 4.30 billion current LCU | +9.8% |
| 1981 | 4.68 billion current LCU | +8.8% |
| 1982 | 5.13 billion current LCU | +9.6% |
| 1983 | 6.20 billion current LCU | +20.7% |
| 1984 | 8.24 billion current LCU | +33.0% |
| 1985 | 10.12 billion current LCU | +22.7% |
| 1986 | 13.05 billion current LCU | +28.9% |
| 1987 | 15.51 billion current LCU | +18.8% |
| 1988 | 18.24 billion current LCU | +17.6% |
| 1989 | 22.03 billion current LCU | +20.8% |
| 1990 | 29.11 billion current LCU | +32.2% |
| 1991 | 44.61 billion current LCU | +53.2% |
| 1992 | 71.10 billion current LCU | +59.4% |
| 1993 | 121.05 billion current LCU | +70.2% |
| 1994 | 162.01 billion current LCU | +33.8% |
| 1995 | 205.28 billion current LCU | +26.7% |
| 1996 | 245.19 billion current LCU | +19.4% |
| 1997 | 267.16 billion current LCU | +9.0% |
| 1998 | 285.74 billion current LCU | +7.0% |
| 1999 | 307.38 billion current LCU | +7.6% |
| 2000 | 342.98 billion current LCU | +11.6% |
| 2001 | 373.88 billion current LCU | +9.0% |
| 2002 | 417.04 billion current LCU | +11.5% |
| 2003 | 477.53 billion current LCU | +14.5% |
| 2004 | 543.26 billion current LCU | +13.8% |
| 2005 | 611.69 billion current LCU | +12.6% |
| 2006 | 682.64 billion current LCU | +11.6% |
| 2007 | 767.25 billion current LCU | +12.4% |
| 2008 | 866.62 billion current LCU | +13.0% |
| 2009 | 928.79 billion current LCU | +7.2% |
| 2010 | 990.13 billion current LCU | +6.6% |
| 2011 | 1.07 trillion current LCU | +7.9% |
| 2012 | 1.12 trillion current LCU | +5.3% |
| 2013 | 1.21 trillion current LCU | +8.0% |
| 2014 | 1.31 trillion current LCU | +7.5% |
| 2015 | 1.48 trillion current LCU | +13.7% |
| 2016 | 1.57 trillion current LCU | +5.6% |
| 2017 | 1.67 trillion current LCU | +6.7% |
| 2018 | 1.80 trillion current LCU | +7.6% |
| 2019 | 1.87 trillion current LCU | +4.0% |
| 2020 | 1.81 trillion current LCU | -3.3% |
| 2021 | 2.02 trillion current LCU | +11.5% |
| 2022 | 2.40 trillion current LCU | +18.8% |
| 2023 | 2.79 trillion current LCU | +16.0% |
| 2024 | 2.91 trillion current LCU | +4.3% |
| 2025 | 3.07 trillion current LCU | +5.5% |
Jamaica compared with similar countries
- Jamaica's 3.07 trillion current LCU is above the median for upper middle income countries, which is 896.75 billion current LCU, 3.4× the median. (58 countries reporting)
- Jamaica's 3.07 trillion current LCU is above the median for Latin America & Caribbean, which is 135.81 billion current LCU, 22.6× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +70.2% | 71.10 billion current LCU | 121.05 billion current LCU |
| 1992 | +59.4% | 44.61 billion current LCU | 71.10 billion current LCU |
| 1991 | +53.2% | 29.11 billion current LCU | 44.61 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 641.35 million current LCU | 460.33 million current LCU | 905.30 million current LCU | 10 |
| 1970s | 2.21 billion current LCU | 1.07 billion current LCU | 3.92 billion current LCU | 10 |
| 1980s | 10.75 billion current LCU | 4.30 billion current LCU | 22.03 billion current LCU | 10 |
| 1990s | 173.86 billion current LCU | 29.11 billion current LCU | 307.38 billion current LCU | 10 |
| 2000s | 601.17 billion current LCU | 342.98 billion current LCU | 928.79 billion current LCU | 10 |
| 2010s | 1.41 trillion current LCU | 990.13 billion current LCU | 1.87 trillion current LCU | 10 |
| 2020s | 2.50 trillion current LCU | 1.81 trillion current LCU | 3.07 trillion current 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 3.07 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Jamaica?
- The highest recorded value was 3.07 trillion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Jamaica?
- The lowest recorded value was 460.33 million current LCU in 1960.
- How does Jamaica rank for gross value added at basic prices (gva)?
- Jamaica ranks 77th out of 207 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 106.5%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.