Revenue Statistics in Latin America and the Caribbean - Comparative in Jamaica
Jamaica: Revenue Statistics in Latin America and the Caribbean - Comparative was 30.7 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in Latin America and the Caribbean - Comparative in Jamaica, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Jamaica recorded 30.7 Percentage of GDP for revenue statistics in latin america and the caribbean - comparative in 2024.
That represents a change of down 3.8% on the previous year and up 24.0% over ten years.
Over the whole period, revenue statistics in latin america and the caribbean - comparative in Jamaica peaked at 33.1 Percentage of GDP in 2022 and was at its lowest, 17.47 Percentage of GDP, in 1992.
That places Jamaica 3rd out of 29 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Revenue Statistics in Latin America and the Caribbean - Comparative in Jamaica, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 22.49 Percentage of GDP | — |
| 1991 | 17.85 Percentage of GDP | -20.6% |
| 1992 | 17.47 Percentage of GDP | -2.2% |
| 1993 | 19.44 Percentage of GDP | +11.3% |
| 1994 | 19.53 Percentage of GDP | +0.5% |
| 1995 | 20.78 Percentage of GDP | +6.4% |
| 1996 | 19.85 Percentage of GDP | -4.5% |
| 1997 | 19.45 Percentage of GDP | -2.0% |
| 1998 | 20.7 Percentage of GDP | +6.4% |
| 1999 | 21.32 Percentage of GDP | +3.0% |
| 2000 | 22.21 Percentage of GDP | +4.2% |
| 2001 | 21.06 Percentage of GDP | -5.2% |
| 2002 | 21.36 Percentage of GDP | +1.4% |
| 2003 | 23.9 Percentage of GDP | +11.9% |
| 2004 | 24.72 Percentage of GDP | +3.4% |
| 2005 | 23.3 Percentage of GDP | -5.8% |
| 2006 | 24.1 Percentage of GDP | +3.4% |
| 2007 | 24.78 Percentage of GDP | +2.8% |
| 2008 | 25.1 Percentage of GDP | +1.3% |
| 2009 | 24.9 Percentage of GDP | -0.8% |
| 2010 | 24.91 Percentage of GDP | +0.0% |
| 2011 | 24.5 Percentage of GDP | -1.6% |
| 2012 | 24.53 Percentage of GDP | +0.1% |
| 2013 | 24.93 Percentage of GDP | +1.7% |
| 2014 | 24.76 Percentage of GDP | -0.7% |
| 2015 | 25.77 Percentage of GDP | +4.1% |
| 2016 | 26.54 Percentage of GDP | +3.0% |
| 2017 | 27.29 Percentage of GDP | +2.8% |
| 2018 | 27.37 Percentage of GDP | +0.3% |
| 2019 | 29.35 Percentage of GDP | +7.2% |
| 2020 | 25.66 Percentage of GDP | -12.6% |
| 2021 | 31.63 Percentage of GDP | +23.3% |
| 2022 | 33.1 Percentage of GDP | +4.6% |
| 2023 | 31.93 Percentage of GDP | -3.5% |
| 2024 | 30.7 Percentage of GDP | -3.8% |
Jamaica compared with similar countries
- Jamaica's 30.7 Percentage of GDP is above the median for Latin America & Caribbean, which is 21.28 Percentage of GDP, 1.4× the median. (29 countries reporting)
- Jamaica's 30.7 Percentage of GDP is above the median for upper middle income countries, which is 21.49 Percentage of GDP, 1.4× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.89 Percentage of GDP | 17.47 Percentage of GDP | 22.49 Percentage of GDP | 10 |
| 2000s | 23.54 Percentage of GDP | 21.06 Percentage of GDP | 25.1 Percentage of GDP | 10 |
| 2010s | 25.99 Percentage of GDP | 24.5 Percentage of GDP | 29.35 Percentage of GDP | 10 |
| 2020s | 30.6 Percentage of GDP | 25.66 Percentage of GDP | 33.1 Percentage of GDP | 5 |
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 revenue statistics in latin america and the caribbean - comparative in Jamaica?
- Revenue statistics in latin america and the caribbean - comparative in Jamaica was 30.7 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest revenue statistics in latin america and the caribbean - comparative recorded in Jamaica?
- The highest recorded value was 33.1 Percentage of GDP in 2022.
- What is the lowest revenue statistics in latin america and the caribbean - comparative recorded in Jamaica?
- The lowest recorded value was 17.47 Percentage of GDP in 1992.
- How does Jamaica rank for revenue statistics in latin america and the caribbean - comparative?
- Jamaica ranks 3rd out of 29 countries with data for 2024.
- Is revenue statistics in latin america and the caribbean - comparative rising or falling in Jamaica?
- Over the last ten years it is up 24.0%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.