Taxes on incomes of individuals and corporations as share of GDP in Jamaica
Jamaica: Taxes on incomes of individuals and corporations as share of GDP was 9.2% in 2023. ▼ Falling
Taxes on incomes of individuals and corporations as share of GDP in Jamaica, 1990–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Jamaica recorded 9.2% for taxes on incomes of individuals and corporations as share of gdp in 2023.
That represents a change of up 16.2% on the previous year and up 0.9% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Jamaica peaked at 11.9% in 1990 and was at its lowest, 7.6%, in 2021.
That places Jamaica 44th out of 184 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 11.9% | — |
| 1991 | 10.2% | -14.8% |
| 1992 | 8.6% | -15.5% |
| 1993 | 8.8% | +2.5% |
| 1994 | 9.4% | +6.5% |
| 1995 | 9.1% | -3.4% |
| 1996 | 8.9% | -2.2% |
| 1997 | 8.9% | +0.3% |
| 1998 | 9.1% | +2.4% |
| 1999 | 9.5% | +4.4% |
| 2000 | 10.1% | +6.9% |
| 2001 | 9.4% | -7.4% |
| 2002 | 9.7% | +2.7% |
| 2003 | 11.0% | +14.1% |
| 2004 | 11.2% | +1.8% |
| 2005 | 10.0% | -11.0% |
| 2006 | 10.6% | +6.2% |
| 2007 | 11.1% | +4.3% |
| 2008 | 11.5% | +4.2% |
| 2009 | 11.7% | +1.4% |
| 2010 | 10.3% | -11.9% |
| 2011 | 9.9% | -3.9% |
| 2012 | 9.6% | -2.8% |
| 2013 | 9.1% | -5.7% |
| 2014 | 8.7% | -3.7% |
| 2015 | 9.0% | +3.5% |
| 2016 | 9.0% | -0.5% |
| 2017 | 8.2% | -8.6% |
| 2018 | 8.5% | +3.9% |
| 2019 | 8.8% | +3.4% |
| 2020 | 7.9% | -10.4% |
| 2021 | 7.6% | -4.4% |
| 2022 | 7.9% | +4.2% |
| 2023 | 9.2% | +16.2% |
Jamaica compared with similar countries
- Jamaica's 9.2% is above the median for upper middle income countries, which is 5.7%, 1.6× the median. (54 countries reporting)
- Jamaica's 9.2% is above the median for Latin America & Caribbean, which is 5.8%, 1.6× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.4% | 8.6% | 11.9% | 10 |
| 2000s | 10.6% | 9.4% | 11.7% | 10 |
| 2010s | 9.1% | 8.2% | 10.3% | 10 |
| 2020s | 8.1% | 7.6% | 9.2% | 4 |
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 taxes on incomes of individuals and corporations as share of gdp in Jamaica?
- Taxes on incomes of individuals and corporations as share of gdp in Jamaica was 9.2% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Jamaica?
- The highest recorded value was 11.9% in 1990.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Jamaica?
- The lowest recorded value was 7.6% in 2021.
- How does Jamaica rank for taxes on incomes of individuals and corporations as share of gdp?
- Jamaica ranks 44th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Jamaica?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.