Taxes less subsidies on products in Jamaica
Jamaica: Taxes less subsidies on products was 3.44 billion current US$ in 2025. ◆ Volatile
Latest (2025)
3.44 billion current US$
Change on year
up 0.1%
World rank
93rd
of 197 countries
All-time high
3.44 billion current US$
in 2025
All-time low
55.02 million current US$
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in Jamaica, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, taxes less subsidies on products in Jamaica stood at 3.44 billion current US$. That is the highest value across all 66 years on record.
That represents a change of up 0.1% on the previous year and up 51.2% over ten years.
Over the whole period, taxes less subsidies on products in Jamaica peaked at 3.44 billion current US$ in 2025 and was at its lowest, 55.02 million current US$, in 1960.
Jamaica ranks 93rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Jamaica, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 55.02 million current US$ | — |
| 1961 | 59.64 million current US$ | +8.4% |
| 1962 | 60.90 million current US$ | +2.1% |
| 1963 | 63.56 million current US$ | +4.4% |
| 1964 | 79.94 million current US$ | +25.8% |
| 1965 | 85.26 million current US$ | +6.7% |
| 1966 | 93.52 million current US$ | +9.7% |
| 1967 | 120.96 million current US$ | +29.3% |
| 1968 | 100.08 million current US$ | -17.3% |
| 1969 | 104.88 million current US$ | +4.8% |
| 1970 | 117.36 million current US$ | +11.9% |
| 1971 | 136.53 million current US$ | +16.3% |
| 1972 | 163.40 million current US$ | +19.7% |
| 1973 | 162.12 million current US$ | -0.8% |
| 1974 | 197.56 million current US$ | +21.9% |
| 1975 | 262.57 million current US$ | +32.9% |
| 1976 | 260.37 million current US$ | -0.8% |
| 1977 | 237.27 million current US$ | -8.9% |
| 1978 | 192.39 million current US$ | -18.9% |
| 1979 | 202.91 million current US$ | +5.5% |
| 1980 | 263.11 million current US$ | +29.7% |
| 1981 | 349.16 million current US$ | +32.7% |
| 1982 | 411.02 million current US$ | +17.7% |
| 1983 | 411.19 million current US$ | +0.0% |
| 1984 | 282.59 million current US$ | -31.3% |
| 1985 | 279.91 million current US$ | -0.9% |
| 1986 | 372.70 million current US$ | +33.2% |
| 1987 | 461.05 million current US$ | +23.7% |
| 1988 | 505.65 million current US$ | +9.7% |
| 1989 | 570.58 million current US$ | +12.8% |
| 1990 | 539.99 million current US$ | -5.4% |
| 1991 | 424.27 million current US$ | -21.4% |
| 1992 | 438.62 million current US$ | +3.4% |
| 1993 | 588.01 million current US$ | +34.1% |
| 1994 | 555.92 million current US$ | -5.5% |
| 1995 | 736.18 million current US$ | +32.4% |
| 1996 | 788.56 million current US$ | +7.1% |
| 1997 | 854.24 million current US$ | +8.3% |
| 1998 | 969.44 million current US$ | +13.5% |
| 1999 | 1.01 billion current US$ | +4.6% |
| 2000 | 1.03 billion current US$ | +1.2% |
| 2001 | 1.07 billion current US$ | +3.9% |
| 2002 | 1.11 billion current US$ | +3.7% |
| 2003 | 1.16 billion current US$ | +4.9% |
| 2004 | 1.30 billion current US$ | +11.8% |
| 2005 | 1.42 billion current US$ | +9.6% |
| 2006 | 1.55 billion current US$ | +8.8% |
| 2007 | 1.71 billion current US$ | +10.6% |
| 2008 | 1.80 billion current US$ | +5.1% |
| 2009 | 1.55 billion current US$ | -13.6% |
| 2010 | 1.87 billion current US$ | +20.1% |
| 2011 | 2.01 billion current US$ | +7.8% |
| 2012 | 2.14 billion current US$ | +6.3% |
| 2013 | 2.17 billion current US$ | +1.3% |
| 2014 | 2.13 billion current US$ | -1.7% |
| 2015 | 2.27 billion current US$ | +6.7% |
| 2016 | 2.37 billion current US$ | +4.1% |
| 2017 | 2.71 billion current US$ | +14.4% |
| 2018 | 2.88 billion current US$ | +6.4% |
| 2019 | 2.97 billion current US$ | +3.1% |
| 2020 | 2.28 billion current US$ | -23.3% |
| 2021 | 2.56 billion current US$ | +12.5% |
| 2022 | 3.16 billion current US$ | +23.4% |
| 2023 | 3.34 billion current US$ | +5.7% |
| 2024 | 3.43 billion current US$ | +2.7% |
| 2025 | 3.44 billion current US$ | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 82.38 million current US$ | 55.02 million current US$ | 120.96 million current US$ | 10 |
| 1970s | 193.25 million current US$ | 117.36 million current US$ | 262.57 million current US$ | 10 |
| 1980s | 390.70 million current US$ | 263.11 million current US$ | 570.58 million current US$ | 10 |
| 1990s | 690.95 million current US$ | 424.27 million current US$ | 1.01 billion current US$ | 10 |
| 2000s | 1.37 billion current US$ | 1.03 billion current US$ | 1.80 billion current US$ | 10 |
| 2010s | 2.35 billion current US$ | 1.87 billion current US$ | 2.97 billion current US$ | 10 |
| 2020s | 3.04 billion current US$ | 2.28 billion current US$ | 3.44 billion current US$ | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 3.71 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8487 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,792 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.47 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 135.02 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.08 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.0817 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6471 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Jamaica?
- Taxes less subsidies on products in Jamaica was 3.44 billion current US$ 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 3.44 billion current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in Jamaica?
- The lowest recorded value was 55.02 million current US$ in 1960.
- How does Jamaica rank for taxes less subsidies on products?
- Jamaica ranks 93rd out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Jamaica?
- Over the last ten years it is up 51.2%. The long-run trend across the full record is volatile.
- 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.