GDP Growth Rate
Year -
2.20%
In 2023, Jamaica experienced a significant a decrease in its GDP growth rate, which fall to 2.20% from 5.22% in 2022. Additionally, the GDP per capita growth rate in Jamaica decrease to 2.27% in 2023, compared to 5.23% in 2022.
In 2023, Jamaica experienced a decrease in economic performance, with the GDP growth rate falling by 3.02%. Additionally, the GDP per capita growth rate decrease by 2.96%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | 1.81 | - | 0.57 | - |
| 1968 | 5.74% | 3.93% | 4.48% | 3.91% |
| 1969 | 5.57% | -0.17% | 4.29% | -0.19% |
| 1970 | 12.06% | 6.49% | 10.59% | 6.30% |
| 1971 | 2.46% | -9.60% | 0.99% | -9.60% |
| 1972 | 18.01% | 15.55% | 16.21% | 15.22% |
| 1973 | -5.49% | -23.50% | -6.94% | -23.15% |
| 1974 | -4.23% | 1.26% | -5.66% | 1.28% |
| 1975 | -0.26% | 3.97% | -1.66% | 4.00% |
| 1976 | -6.69% | -6.43% | -7.91% | -6.25% |
| 1977 | -2.6% | 4.09% | -3.8% | 4.11% |
| 1978 | -0.05% | 2.55% | -1.28% | 2.52% |
| 1979 | -1.06% | -1.01% | -2.3% | -1.02% |
| 1980 | -5.71% | -4.65% | -6.98% | -4.68% |
| 1981 | 2.64% | 8.35% | 1.17% | 8.15% |
| 1982 | 2.07% | -0.57% | 0.54% | -0.63% |
| 1983 | 1.91% | -0.16% | 0.39% | -0.15% |
| 1984 | -1.54% | -3.45% | -2.9% | -3.29% |
| 1985 | -2.94% | -1.40% | -4.13% | -1.23% |
| 1986 | 1.88% | 4.82% | 0.83% | 4.96% |
| 1987 | 7.85% | 5.97% | 6.91% | 6.08% |
| 1988 | 3.97% | -3.88% | 3.15% | -3.76% |
| 1989 | 7.17% | 3.20% | 6.34% | 3.19% |
| 1990 | 4.2% | -2.97% | 3.39% | -2.95% |
| 1991 | 4.84% | 0.64% | 3.98% | 0.59% |
| 1992 | 1.96% | -2.88% | 1% | -2.98% |
| 1993 | 9.42% | 7.46% | 8.33% | 7.33% |
| 1994 | 1.38% | -8.04% | 0.36% | -7.97% |
| 1995 | 2.35% | 0.97% | 1.32% | 0.96% |
| 1996 | -0.11% | -2.46% | -1.04% | -2.36% |
| 1997 | -1.14% | -1.03% | -1.99% | -0.95% |
| 1998 | -2.33% | -1.19% | -3.15% | -1.16% |
| 1999 | 1.05% | 3.38% | 0.28% | 3.43% |
| 2000 | 0.88% | -0.17% | 0.26% | -0.02% |
| 2001 | 1.34% | 0.46% | 0.84% | 0.58% |
| 2002 | 2% | 0.66% | 1.5% | 0.66% |
| 2003 | 3.67% | 1.67% | 3.17% | 1.67% |
| 2004 | 1.32% | -2.35% | 0.83% | -2.34% |
| 2005 | 0.89% | -0.43% | 0.41% | -0.42% |
| 2006 | 2.9% | 2.01% | 2.41% | 2.00% |
| 2007 | 1.43% | -1.47% | 1% | -1.41% |
| 2008 | -0.81% | -2.24% | -1.18% | -2.18% |
| 2009 | -4.35% | -3.54% | -4.73% | -3.55% |
| 2010 | -1.46% | 2.89% | -1.87% | 2.86% |
| 2011 | 1.73% | 3.19% | 1.28% | 3.15% |
| 2012 | -0.61% | -2.34% | -1.11% | -2.39% |
| 2013 | 0.52% | 1.13% | 0.04% | 1.15% |
| 2014 | 0.69% | 0.17% | 0.28% | 0.24% |
| 2015 | 0.92% | 0.23% | 0.56% | 0.28% |
| 2016 | 1.38% | 0.46% | 1.08% | 0.52% |
| 2017 | 1% | -0.38% | 0.79% | -0.29% |
| 2018 | 1.89% | 0.89% | 1.76% | 0.97% |
| 2019 | 0.89% | -1.00% | 0.82% | -0.94% |
| 2020 | -9.92% | -10.81% | -10.13% | -10.95% |
| 2021 | 4.6% | 14.52% | 4.33% | 14.46% |
| 2022 | 5.22% | 0.62% | 5.23% | 0.90% |
| 2023 | 2.2% | -3.02% | 2.27% | -2.96% |