Real gdp growth in Jamaica
Jamaica: Real gdp growth was -0.535 in 2024. ◆ Volatile
Real gdp growth in Jamaica, 1980–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Jamaica is -0.535, measured in 2024.
That represents a change of down 119.5% on the previous year and down 193.0% over ten years.
Over the whole period, real gdp growth in Jamaica peaked at 7.7 in 1987 and was at its lowest, -8.3, in 2020.
Jamaica ranks 184th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -4.04 | — |
| 1981 | 4.42 | -209.4% |
| 1982 | 3.08 | -30.3% |
| 1983 | 4.15 | +34.8% |
| 1984 | 0.95 | -77.1% |
| 1985 | -0.9 | -194.7% |
| 1986 | 7 | -877.8% |
| 1987 | 7.7 | +10.0% |
| 1988 | -3.99 | -151.9% |
| 1989 | 4.7 | -217.7% |
| 1990 | 4.88 | +3.7% |
| 1991 | 0.834 | -82.9% |
| 1992 | 2.78 | +233.1% |
| 1993 | 2.21 | -20.4% |
| 1994 | 1.88 | -15.2% |
| 1995 | 2.52 | +34.5% |
| 1996 | 0.236 | -90.6% |
| 1997 | -1.64 | -795.3% |
| 1998 | -1.21 | -26.3% |
| 1999 | 0.981 | -181.1% |
| 2000 | 0.776 | -20.9% |
| 2001 | 1.28 | +65.1% |
| 2002 | 0.675 | -47.3% |
| 2003 | 3.67 | +443.3% |
| 2004 | 1.32 | -63.9% |
| 2005 | 0.894 | -32.5% |
| 2006 | 2.9 | +224.3% |
| 2007 | 1.44 | -50.2% |
| 2008 | -0.818 | -156.6% |
| 2009 | -3.41 | +317.0% |
| 2010 | -1.44 | -57.9% |
| 2011 | 1.43 | -199.4% |
| 2012 | -0.501 | -135.1% |
| 2013 | 0.224 | -144.7% |
| 2014 | 0.575 | +156.7% |
| 2015 | 1.43 | +148.3% |
| 2016 | 2.76 | +93.3% |
| 2017 | 2.29 | -16.9% |
| 2018 | 2.52 | +9.7% |
| 2019 | 1.81 | -28.1% |
| 2020 | -8.3 | -559.0% |
| 2021 | 5.71 | -168.7% |
| 2022 | 6.44 | +12.9% |
| 2023 | 2.75 | -57.4% |
| 2024 | -0.535 | -119.5% |
Jamaica compared with similar countries
- Jamaica's -0.535 is below the median for upper middle income countries, which is 3.49. (57 countries reporting)
- Jamaica's -0.535 is below the median for Latin America & Caribbean, which is 3.37. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1986 | +877.8% | -0.9 | 7 |
| 1997 | -795.3% | 0.236 | -1.64 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.31 | -4.04 | 7.7 | 10 |
| 1990s | 1.35 | -1.64 | 4.88 | 10 |
| 2000s | 0.8731 | -3.41 | 3.67 | 10 |
| 2010s | 1.11 | -1.44 | 2.76 | 10 |
| 2020s | 1.21 | -8.3 | 6.44 | 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 real gdp growth in Jamaica?
- Real gdp growth in Jamaica was -0.535 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Jamaica?
- The highest recorded value was 7.7 in 1987.
- What is the lowest real gdp growth recorded in Jamaica?
- The lowest recorded value was -8.3 in 2020.
- How does Jamaica rank for real gdp growth?
- Jamaica ranks 184th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Jamaica?
- Over the last ten years it is down 193.0%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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