Trade in services in Jamaica
Jamaica: Trade in services was 39.6% in 2024. ▲ Rising
Trade in services in Jamaica, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Jamaica is 39.6%, measured in 2024.
The figure is down 3.0% on the previous year and up 5.9% over ten years.
Over the whole period, trade in services in Jamaica peaked at 51.4% in 1992 and was at its lowest, 14.6%, in 1977.
Jamaica ranks 45th of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Trade in services in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 19.1% | — |
| 1977 | 14.6% | -23.5% |
| 1978 | 22.1% | +51.6% |
| 1979 | 28.5% | +28.8% |
| 1980 | 28.8% | +0.9% |
| 1981 | 28.1% | -2.2% |
| 1982 | 28.0% | -0.4% |
| 1983 | 26.1% | -7.0% |
| 1984 | 41.5% | +59.1% |
| 1985 | 48.8% | +17.6% |
| 1986 | 42.3% | -13.3% |
| 1987 | 39.3% | -7.0% |
| 1988 | 35.3% | -10.1% |
| 1989 | 36.3% | +2.6% |
| 1990 | 37.5% | +3.6% |
| 1991 | 40.5% | +7.8% |
| 1992 | 51.4% | +27.0% |
| 1993 | 38.3% | -25.5% |
| 1994 | 44.7% | +16.6% |
| 1995 | 41.1% | -8.0% |
| 1996 | 37.2% | -9.4% |
| 1997 | 34.9% | -6.2% |
| 1998 | 34.9% | -0.1% |
| 1999 | 37.1% | +6.5% |
| 2000 | 38.3% | +3.1% |
| 2001 | 37.1% | -3.1% |
| 2002 | 36.1% | -2.7% |
| 2003 | 39.5% | +9.4% |
| 2004 | 39.5% | -0.1% |
| 2005 | 36.0% | -8.7% |
| 2006 | 39.1% | +8.6% |
| 2007 | 39.0% | -0.4% |
| 2008 | 37.7% | -3.4% |
| 2009 | 37.4% | -0.7% |
| 2010 | 33.7% | -9.8% |
| 2011 | 31.6% | -6.3% |
| 2012 | 33.3% | +5.4% |
| 2013 | 33.7% | +1.3% |
| 2014 | 37.4% | +10.8% |
| 2015 | 34.9% | -6.7% |
| 2016 | 36.2% | +3.7% |
| 2017 | 37.0% | +2.3% |
| 2018 | 37.0% | +0.0% |
| 2019 | 41.1% | +11.2% |
| 2020 | 24.8% | -39.8% |
| 2021 | 38.0% | +53.4% |
| 2022 | 41.1% | +8.3% |
| 2023 | 40.8% | -0.8% |
| 2024 | 39.6% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.1% | 14.6% | 28.5% | 4 |
| 1980s | 35.4% | 26.1% | 48.8% | 10 |
| 1990s | 39.8% | 34.9% | 51.4% | 10 |
| 2000s | 38.0% | 36.0% | 39.5% | 10 |
| 2010s | 35.6% | 31.6% | 41.1% | 10 |
| 2020s | 36.8% | 24.8% | 41.1% | 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.08 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 13.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 111,319 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0497 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 397.73 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 5.81 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Jamaica?
- Trade in services in Jamaica was 39.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Jamaica?
- The highest recorded value was 51.4% in 1992.
- What is the lowest trade in services recorded in Jamaica?
- The lowest recorded value was 14.6% in 1977.
- How does Jamaica rank for trade in services?
- Jamaica ranks 45th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Jamaica?
- Over the last ten years it is up 5.9%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.