The Gross Domestic Product (GDP) in Jamaica expanded 0.80 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Jamaica GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Jamaica expanded 1.10 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP per capita growth (annual %) in Jamaica was reported at --0.69744 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Jamaica was reported at 1.6 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Inflation in Jamaica dropped to about 3.91 percent in 2019, meaning that a group of goods that cost 100 Jamaican dollars in 2019 would cost 103.91 Jamaican dollars in 2020. This rate dropped from 4.38 percent in 2017 and was forecast to stay around 5 percent in the medium term.

Inflation and growth

After adjusting for inflation, the growth rate in Jamaica’s economy has been relatively slow over the past few years. This is an issue for the island because its gross domestic product per capita indicates a moderate level of development. This suggests that the people would benefit from a higher level of growth. Developmental economists often call this “catch-up” growth, a period of relatively rapid growth that occurs because the economy develops to the level of other countries that have fully realized their economic potential under modern levels of technology and trade.

Effects of inflation

Inflation is often associated with a corresponding increase in unemployment. In developed economies, central bankers worry about the tradeoff between higher inflation and higher unemployment. For Jamaica, more inflation may be the lesser of two evils. Since the Jamaican dollar is not pegged to any other currency, inflation also weakens the currency. For a country so heavily reliant on foreign currencies through tourism, this actually makes Jamaica a more attractive destination because tourists’ U.S. dollars or euros are worth more in relative terms.

Historical dataset of population level and growth rate for the Kingston, Jamaica metro area from 1950 to 2025.

Imports of goods and services (annual % growth) in Jamaica was reported at 11.8 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Imports of goods and services (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Claims on other sectors of the domestic economy (annual growth as % of broad money) in Jamaica was reported at 3.5963 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Claims on other sectors of the domestic economy (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Exports of goods and services (annual % growth) in Jamaica was reported at 15.1 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Exports of goods and services (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The revenue of the banana market in Jamaica amounted to $X in 2018, going down by -X% against the previous year. Overall, banana consumption continues to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Banana consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

The revenue of the spinach market in Jamaica amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2009 when the market value increased by X% against the previous year. In that year, the spinach market reached its peak level of $X. From 2010 to 2018, the growth of the spinach market remained at a lower figure.

Gross capital formation (annual % growth) in Jamaica was reported at --9.1589 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Gross capital formation (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Claims on private sector (annual growth as % of broad money) in Jamaica was reported at 4.256 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Claims on private sector (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP from Construction in Jamaica increased to 27671 USD Million in the first quarter of 2025 from 3201 USD Million in the fourth quarter of 2024. This dataset provides - Jamaica Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The revenue of the cassava market in Jamaica amounted to $X in 2018, leveling off at the previous year. Over the period under review, cassava consumption continues to indicate a temperate contraction. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. In that year, the cassava market attained its peak level of $X. From 2016 to 2018, the growth of the cassava market remained at a lower figure.

Claims on central government (annual growth as % of broad money) in Jamaica was reported at --0.66719 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Claims on central government (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Urban population growth (annual %) in Jamaica was reported at 0.64551 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Urban population growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Industry (including construction), value added (annual % growth) in Jamaica was reported at --1.5145 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Industry, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GNI growth (annual %) in Jamaica was reported at 3.9141 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - GNI growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Agriculture, forestry, and fishing, value added (annual % growth) in Jamaica was reported at --3.024 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Agriculture, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.