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Trading Basics

Jamaica

Capital
Kingston
Region
Latin America & Caribbean
Income group
Upper middle income
Population
2.8 million (2025)

At a glance

  • Prices in Jamaica rose 4.0% in 2025, faster than in most countries.
  • Jamaica's economy grew 0.1% in 2025, slower than most economies.
  • Output per person in Jamaica was US$8,003 in 2025, close to the middle of the range worldwide.
  • 3.3% of Jamaica's labour force had no job in 2025, a lower share than in most countries.
  • Jamaica had 2.8 million people in 2025: about less than 0.1% of everyone on Earth, the 140th largest population of 217 countries and territories.
  • Jamaica had a current account surplus of 1.5% of GDP in 2025, higher than in most countries.

Consumer prices, change over the year (yearly average)

4.0%
World median 3.0%

Since 2000

Show the numbers
Inflation in Jamaica and the world median, last ten years
YearJamaicaWorld median
20254.0%3.0%
20245.4%3.0%
20236.5%5.7%
202210.4%8.0%
20215.9%3.5%
20205.2%1.9%
20193.9%2.2%
20183.7%2.5%
20174.4%2.3%
20162.4%1.6%

Real GDP, change over the year

0.1%
World median 3.4%

Since 2000

Show the numbers
Economic growth in Jamaica and the world median, last ten years
YearJamaicaWorld median
20250.1%3.4%
2024−0.5%3.4%
20232.8%3.2%
20226.4%4.3%
20215.7%5.1%
2020−8.3%−3.8%
20191.8%2.8%
20182.5%3.2%
20172.3%3.3%
20162.8%3.1%

GDP divided by population, in US dollars at current prices

US$8,003
World median US$7,882

Since 2000

Show the numbers
GDP per person in Jamaica and the world median, last ten years
YearJamaicaWorld median
2025US$8,003US$7,882
2024US$7,754US$7,853
2023US$7,542US$7,862
2022US$6,626US$7,656
2021US$5,626US$7,269
2020US$5,299US$6,433
2019US$6,031US$7,037
2018US$5,977US$6,978
2017US$5,605US$6,548
2016US$5,302US$5,982

Share of the labour force without a job (ILO modelled estimate)

3.3%
World median 5.1%

Since 2000

Show the numbers
Unemployment in Jamaica and the world median, last ten years
YearJamaicaWorld median
20253.3%5.1%
20243.2%5.1%
20233.0%5.2%
20224.1%5.3%
20215.2%6.0%
20206.5%6.4%
20195.0%5.4%
20185.5%5.4%
20177.4%5.6%
20168.6%5.9%

Everyone living in the country, mid-year

2.8 million

Since 2000

Show the numbers
Population in Jamaica and the world median, last ten years
YearJamaica
20252.8 million
20242.8 million
20232.8 million
20222.8 million
20212.8 million
20202.8 million
20192.8 million
20182.8 million
20172.8 million
20162.8 million

Current account balance, % of GDP

1.5%
World median −0.8%

Since 2000

Show the numbers
Current account balance in Jamaica and the world median, last ten years
YearJamaicaWorld median
20251.5%−0.8%
20242.9%−1.3%
20232.7%−1.2%
2022−0.7%−3.0%
20210.9%−2.4%
2020−1.1%−1.7%
2019−1.8%−2.1%
2018−1.4%−2.9%
2017−2.5%−2.1%
2016−0.3%−2.8%

No recent World Bank figure for Jamaica: government debt.

About these figures

All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Jamaica since 2000 or since its first figure.

Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.