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Indicators of economy in Jamaica

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Jamaica, on the other hand, reached USD 4.587 per capita, or 13.64 billion USD in the whole country. Jamaica is one of the smaller economies and is currently ranked 138. If this is calculated per inhabitant taking into account the purchasing power parity, then Jamaica is in the list of the world's richest countries in place 110.

Inflation in Jamaica was in 2021 at around 5.86%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 49.2% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Jamaica

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic in 2020 were considerable in Jamaica. Overall, gross domestic product in 2020 fell from 15.83 billion US Dollar auf 13.81 billion US Dollar. With a large drop of 12.75 percent, the economy in Jamaica has struggled significantly more than other countries. The unemployment rate rose from 7.7 to 9.5 percent. The consumer inflation rate has risen from 3.9% previously to 5.2% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Jamaica
Total
Jamaica
per capita
EU
Total
EU
per capita
GDP13.64 bn USD4,586.65 USD17.09 tn USD33,228.68 USD
Gross national product14.28 bn USD4,802.36 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2020

 Jamaica
Total
Jamaica
per capita
EU
Total
EU
per capita
Imports5.86 bn USD1,971.04 USD8,916.24 bn USD17,337.55 USD
Exports3.31 bn USD1,113.54 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1976 - 2020

Exports
Imports



Jamaica: AirportsLargest airports and airlines in JamaicaThe 4 biggest airports and 2 airlines in Jamaica with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
United States: Public HolidaysPublic holidays in the United States 2022-2026Statutory and inofficial holidays in the United States for 2022 to 2026