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Macro

Jamaica

Latin America & Caribbean · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 1.9%
Current prices2025
22USD bn
GDP per capita▲ 1.8%
Current prices2025
8,106USD
Real GDP growth▲ 0.5 pp
Annual change2025
-0.1%
Inflation▼ 1.7 pp
Average consumer prices2025
3.9%
Unemployment▼ 0.8 pp
Rate2025
3.4%
Government debt▲ 5.2 pp
General government, gross2025
67.7% of GDP
Current account▼ 1.7 pp
Balance2025
1.2% of GDP
Population▲ 0.1%
Total2025
2.75million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-8.30.06.41995: 2.5%1996: 0.2%1997: -1.6%1998: -1.2%1999: 1.0%2000: 0.8%2001: 1.3%2002: 0.7%2003: 3.7%2004: 1.3%2005: 0.9%2006: 2.9%2007: 1.4%2008: -0.8%2009: -3.4%2010: -1.4%2011: 1.4%2012: -0.5%2013: 0.2%2014: 0.6%2015: 1.4%2016: 2.8%2017: 2.3%2018: 2.5%2019: 1.8%2020: -8.3%2021: 5.7%2022: 6.4%2023: 2.7%2024: -0.5%2025: -0.1%2026: -1.2% (IMF projection)2027: 3.1% (IMF projection)2028: 1.8% (IMF projection)2029: 1.5% (IMF projection)2030: 1.5% (IMF projection)2031: 1.5% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.026.41995: 19.9%1996: 26.4%1997: 9.7%1998: 8.6%1999: 6.0%2000: 8.1%2001: 6.9%2002: 7.0%2003: 10.1%2004: 13.5%2005: 15.1%2006: 8.5%2007: 9.3%2008: 22.0%2009: 9.6%2010: 12.6%2011: 7.5%2012: 6.9%2013: 9.4%2014: 8.3%2015: 3.7%2016: 2.3%2017: 4.4%2018: 3.7%2019: 3.9%2020: 5.2%2021: 5.9%2022: 10.3%2023: 6.5%2024: 5.5%2025: 3.9%2026: 6.1% (IMF projection)2027: 5.5% (IMF projection)2028: 5.0% (IMF projection)2029: 5.0% (IMF projection)2030: 5.0% (IMF projection)2031: 5.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %5.76.42.7-0.5-0.1-1.23.11.81.51.5
Inflation, average consumer prices %5.910.36.55.53.96.15.55.05.05.0
Unemployment rate %8.46.34.44.23.4–––––
GDP, current prices USD bn16192122222324252627
GDP per capita, current prices USD5,8326,8207,7557,9658,1068,3568,6748,9929,3009,601
GDP per capita, PPP Int. USD10,80112,30013,09113,32913,68313,89714,63215,13015,61216,119
General government gross debt % of GDP86.370.266.562.567.765.865.063.862.861.6
General government net lending/borrowing % of GDP0.80.30.00.2-3.8-4.9-3.1-2.1-1.7-1.6
Current account balance % of GDP0.9-0.72.72.91.2-6.0-6.6-3.6-1.00.2
Population million2.742.742.752.752.752.762.762.762.772.77

Government debt, % of GDP

General government gross debt
0.01402000: 89%2001: 105%2002: 115%2003: 120%2004: 117%2005: 122%2006: 114%2007: 112%2008: 124%2009: 138%2010: 138%2011: 136%2012: 140%2013: 135%2014: 134%2015: 116%2016: 107%2017: 95%2018: 88%2019: 88%2020: 101%2021: 86%2022: 70%2023: 67%2024: 62%2025: 68%2026: 66% (IMF projection)2027: 65% (IMF projection)2028: 64% (IMF projection)2029: 63% (IMF projection)2030: 62% (IMF projection)2031: 61% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-19.80.02.92000: -4.0%2001: -8.0%2002: -10.8%2003: -8.0%2004: -4.8%2005: -9.3%2006: -9.7%2007: -15.4%2008: -19.8%2009: -9.1%2010: -6.9%2011: -13.3%2012: -9.5%2013: -9.3%2014: -7.8%2015: -2.9%2016: -0.3%2017: -2.5%2018: -1.4%2019: -1.8%2020: -1.0%2021: 0.9%2022: -0.7%2023: 2.7%2024: 2.9%2025: 1.2%2026: -6.0% (IMF projection)2027: -6.6% (IMF projection)2028: -3.6% (IMF projection)2029: -1.0% (IMF projection)2030: 0.2% (IMF projection)2031: 0.5% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19958.627.512.257.3
20055.221.97.864.5
20155.917.27.161.7
20258.716.37.759.8

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method7,790USD2025+57.7%
GNI, Atlas method22USD bn2025+59.4%
Life expectancy at birth71.6years2024-1.0%
Urban population59.4% of total2025+4.2 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)