Merchandise trade as a proportion of GDP (%) in Jamaica
Jamaica: Merchandise trade as a proportion of GDP (%) was 41.6% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Jamaica, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Jamaica stood at 41.6%.
The figure is down 7.2% on the previous year and down 20.7% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Jamaica peaked at 79.5% in 2008 and was at its lowest, 40.1%, in 2016.
That places Jamaica 153rd out of 220 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 51.0% | — |
| 2001 | 49.8% | -2.4% |
| 2002 | 47.8% | -4.0% |
| 2003 | 51.1% | +6.9% |
| 2004 | 52.5% | +2.7% |
| 2005 | 55.8% | +6.2% |
| 2006 | 63.7% | +14.2% |
| 2007 | 71.5% | +12.2% |
| 2008 | 79.5% | +11.3% |
| 2009 | 52.6% | -33.8% |
| 2010 | 49.6% | -5.8% |
| 2011 | 55.8% | +12.6% |
| 2012 | 54.3% | -2.7% |
| 2013 | 54.6% | +0.5% |
| 2014 | 52.5% | -3.9% |
| 2015 | 41.8% | -20.3% |
| 2016 | 40.1% | -4.2% |
| 2017 | 45.2% | +12.7% |
| 2018 | 48.2% | +6.8% |
| 2019 | 47.2% | -2.1% |
| 2020 | 40.1% | -15.1% |
| 2021 | 46.7% | +16.4% |
| 2022 | 51.2% | +9.7% |
| 2023 | 44.8% | -12.5% |
| 2024 | 41.6% | -7.2% |
Jamaica compared with similar countries
- Jamaica's 41.6% is below the median for upper middle income countries, which is 56.9%, 73% of the median. (55 countries reporting)
- Jamaica's 41.6% is below the median for Latin America & Caribbean, which is 43.3%, 96% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 57.5% | 47.8% | 79.5% | 10 |
| 2010s | 48.9% | 40.1% | 55.8% | 10 |
| 2020s | 44.9% | 40.1% | 51.2% | 5 |
Countries ranked near Jamaica
More economy & growth data for Jamaica
- Real gdp growth, annual growth rate -119.48 % change on previous year (2024)
- 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)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Jamaica?
- Merchandise trade as a proportion of gdp in Jamaica was 41.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Jamaica?
- The highest recorded value was 79.5% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Jamaica?
- The lowest recorded value was 40.1% in 2016.
- How does Jamaica rank for merchandise trade as a proportion of gdp?
- Jamaica ranks 153rd out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Jamaica?
- Over the last ten years it is down 20.7%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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