Taxes less subsidies on products in Jamaica
Jamaica: Taxes less subsidies on products was 307.68 billion constant LCU in 2025. ▲ Rising
Latest (2025)
307.68 billion constant LCU
Change on year
up 0.1%
World rank
54th
of 189 countries
All-time high
309.08 billion constant LCU
in 2023
All-time low
141.24 billion constant LCU
in 1966
Years of data
60
1966–2025
Taxes less subsidies on products in Jamaica, 1966–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, taxes less subsidies on products in Jamaica stood at 307.68 billion constant LCU.
Compared with earlier readings it is up 0.1% on the previous year and up 15.8% over ten years.
Over the whole period, taxes less subsidies on products in Jamaica peaked at 309.08 billion constant LCU in 2023 and was at its lowest, 141.24 billion constant LCU, in 1966.
Jamaica ranks 54th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Taxes less subsidies on products in Jamaica, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1966 | 141.24 billion constant LCU | — |
| 1967 | 166.04 billion constant LCU | +17.6% |
| 1968 | 160.32 billion constant LCU | -3.4% |
| 1969 | 163.95 billion constant LCU | +2.3% |
| 1970 | 177.51 billion constant LCU | +8.3% |
| 1971 | 189.13 billion constant LCU | +6.5% |
| 1972 | 220.63 billion constant LCU | +16.7% |
| 1973 | 205.25 billion constant LCU | -7.0% |
| 1974 | 193.71 billion constant LCU | -5.6% |
| 1975 | 206.24 billion constant LCU | +6.5% |
| 1976 | 186.78 billion constant LCU | -9.4% |
| 1977 | 161.63 billion constant LCU | -13.5% |
| 1978 | 161.18 billion constant LCU | -0.3% |
| 1979 | 174.32 billion constant LCU | +8.1% |
| 1980 | 182.96 billion constant LCU | +5.0% |
| 1981 | 212.79 billion constant LCU | +16.3% |
| 1982 | 227.38 billion constant LCU | +6.9% |
| 1983 | 216.42 billion constant LCU | -4.8% |
| 1984 | 220.42 billion constant LCU | +1.8% |
| 1985 | 232.51 billion constant LCU | +5.5% |
| 1986 | 239.59 billion constant LCU | +3.0% |
| 1987 | 265.52 billion constant LCU | +10.8% |
| 1988 | 263.86 billion constant LCU | -0.6% |
| 1989 | 278.71 billion constant LCU | +5.6% |
| 1990 | 270.50 billion constant LCU | -2.9% |
| 1991 | 258.64 billion constant LCU | -4.4% |
| 1992 | 300.67 billion constant LCU | +16.2% |
| 1993 | 230.10 billion constant LCU | -23.5% |
| 1994 | 234.38 billion constant LCU | +1.9% |
| 1995 | 241.50 billion constant LCU | +3.0% |
| 1996 | 252.40 billion constant LCU | +4.5% |
| 1997 | 248.25 billion constant LCU | -1.6% |
| 1998 | 245.25 billion constant LCU | -1.2% |
| 1999 | 247.66 billion constant LCU | +1.0% |
| 2000 | 249.58 billion constant LCU | +0.8% |
| 2001 | 252.77 billion constant LCU | +1.3% |
| 2002 | 254.48 billion constant LCU | +0.7% |
| 2003 | 263.81 billion constant LCU | +3.7% |
| 2004 | 267.31 billion constant LCU | +1.3% |
| 2005 | 269.69 billion constant LCU | +0.9% |
| 2006 | 277.51 billion constant LCU | +2.9% |
| 2007 | 281.52 billion constant LCU | +1.4% |
| 2008 | 279.35 billion constant LCU | -0.8% |
| 2009 | 250.30 billion constant LCU | -10.4% |
| 2010 | 246.27 billion constant LCU | -1.6% |
| 2011 | 255.78 billion constant LCU | +3.9% |
| 2012 | 252.24 billion constant LCU | -1.4% |
| 2013 | 258.65 billion constant LCU | +2.5% |
| 2014 | 262.44 billion constant LCU | +1.5% |
| 2015 | 265.78 billion constant LCU | +1.3% |
| 2016 | 273.11 billion constant LCU | +2.8% |
| 2017 | 279.38 billion constant LCU | +2.3% |
| 2018 | 286.40 billion constant LCU | +2.5% |
| 2019 | 291.59 billion constant LCU | +1.8% |
| 2020 | 267.37 billion constant LCU | -8.3% |
| 2021 | 282.62 billion constant LCU | +5.7% |
| 2022 | 300.82 billion constant LCU | +6.4% |
| 2023 | 309.08 billion constant LCU | +2.7% |
| 2024 | 307.43 billion constant LCU | -0.5% |
| 2025 | 307.68 billion constant LCU | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 157.89 billion constant LCU | 141.24 billion constant LCU | 166.04 billion constant LCU | 4 |
| 1970s | 187.64 billion constant LCU | 161.18 billion constant LCU | 220.63 billion constant LCU | 10 |
| 1980s | 234.02 billion constant LCU | 182.96 billion constant LCU | 278.71 billion constant LCU | 10 |
| 1990s | 252.93 billion constant LCU | 230.10 billion constant LCU | 300.67 billion constant LCU | 10 |
| 2000s | 264.63 billion constant LCU | 249.58 billion constant LCU | 281.52 billion constant LCU | 10 |
| 2010s | 267.16 billion constant LCU | 246.27 billion constant LCU | 291.59 billion constant LCU | 10 |
| 2020s | 295.84 billion constant LCU | 267.37 billion constant LCU | 309.08 billion constant 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0769 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 615.69 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 12.24 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 97,953 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0612 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 489.66 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 57,275 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.93 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in Jamaica?
- Taxes less subsidies on products in Jamaica was 307.68 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Jamaica?
- The highest recorded value was 309.08 billion constant LCU in 2023.
- What is the lowest taxes less subsidies on products recorded in Jamaica?
- The lowest recorded value was 141.24 billion constant LCU in 1966.
- How does Jamaica rank for taxes less subsidies on products?
- Jamaica ranks 54th out of 189 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Jamaica?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is rising.
- 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 Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.