Statutory corporate income tax rate in Jamaica
Jamaica: Statutory corporate income tax rate was 25.0% in 2018. ▼ Falling
Statutory corporate income tax rate in Jamaica, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
Jamaica recorded 25.0% for statutory corporate income tax rate in 2018. That is the lowest value across all 19 years on record.
The figure is down 25.0% over ten years.
Over the whole period, statutory corporate income tax rate in Jamaica peaked at 33.3% in 2000 and was at its lowest, 25.0%, in 2013.
That places Jamaica 31st out of 93 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 33.3% | — |
| 2001 | 33.3% | +0.0% |
| 2002 | 33.3% | +0.0% |
| 2003 | 33.3% | +0.0% |
| 2004 | 33.3% | +0.0% |
| 2005 | 33.3% | +0.0% |
| 2006 | 33.3% | +0.0% |
| 2007 | 33.3% | +0.0% |
| 2008 | 33.3% | +0.0% |
| 2009 | 33.3% | +0.0% |
| 2010 | 33.3% | +0.0% |
| 2011 | 33.3% | +0.0% |
| 2012 | 33.3% | +0.0% |
| 2013 | 25.0% | -25.0% |
| 2014 | 25.0% | +0.0% |
| 2015 | 25.0% | +0.0% |
| 2016 | 25.0% | +0.0% |
| 2017 | 25.0% | +0.0% |
| 2018 | 25.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.3% | 33.3% | 33.3% | 10 |
| 2010s | 27.8% | 25.0% | 33.3% | 9 |
Countries ranked near Jamaica
- 28 Canada 26.8% compare
- 29 Luxembourg 26.0% compare
- 30 United States of America 25.8% compare
- 31 Austria 25.0% compare
- 31 Barbados 25.0% compare
- 31 Chile 25.0% compare
- 31 China 25.0% compare
- 31 Côte d'Ivoire 25.0% compare
- 31 Indonesia 25.0% compare
- 31 Liberia 25.0% compare
- 31 Netherlands 25.0% compare
- 31 Panama 25.0% compare
- 31 Spain 25.0% compare
- 31 Uruguay 25.0% compare
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)
- Services, value added (current US$), annual growth rate 2.94 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5984 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 4,789 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.69 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 95.21 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 761,935 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate -0.2275 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4694 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Jamaica?
- Statutory corporate income tax rate in Jamaica was 25.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Jamaica?
- The highest recorded value was 33.3% in 2000.
- What is the lowest statutory corporate income tax rate recorded in Jamaica?
- The lowest recorded value was 25.0% in 2013.
- How does Jamaica rank for statutory corporate income tax rate?
- Jamaica ranks 31st out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Jamaica?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.