GDP Growth Rate
Year -
-0.54%
In 2024, Jamaica experienced a significant a decrease in its GDP growth rate, which fall to -0.54% from 2.75% in 2023. Additionally, the GDP per capita growth rate in Jamaica decrease to -0.51% in 2024, compared to 2.72% in 2023.
In 2024, Jamaica experienced a decrease in economic performance, with the GDP growth rate falling by 3.29%. Additionally, the GDP per capita growth rate decrease by 3.23%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | 1.81 | - | 0.61 | - |
| 1968 | 5.74% | 3.93% | 4.54% | 3.93% |
| 1969 | 5.57% | -0.17% | 4.36% | -0.18% |
| 1970 | 12.06% | 6.49% | 10.69% | 6.33% |
| 1971 | 2.46% | -9.60% | 1.08% | -9.61% |
| 1972 | 18.01% | 15.55% | 16.31% | 15.23% |
| 1973 | -5.49% | -23.50% | -6.92% | -23.23% |
| 1974 | -4.23% | 1.26% | -5.66% | 1.26% |
| 1975 | -0.26% | 3.97% | -1.64% | 4.02% |
| 1976 | -6.69% | -6.43% | -7.91% | -6.27% |
| 1977 | -2.6% | 4.09% | -3.78% | 4.13% |
| 1978 | -0.05% | 2.55% | -1.21% | 2.57% |
| 1979 | -1.06% | -1.01% | -2.21% | -1.00% |
| 1980 | -5.71% | -4.65% | -6.86% | -4.65% |
| 1981 | 2.64% | 8.35% | 1.31% | 8.17% |
| 1982 | 2.07% | -0.57% | 0.68% | -0.63% |
| 1983 | 1.91% | -0.16% | 0.5% | -0.18% |
| 1984 | -1.54% | -3.45% | -2.83% | -3.33% |
| 1985 | -2.94% | -1.40% | -4.05% | -1.22% |
| 1986 | 1.88% | 4.82% | 0.94% | 4.99% |
| 1987 | 7.85% | 5.97% | 7.03% | 6.09% |
| 1988 | 3.97% | -3.88% | 3.27% | -3.76% |
| 1989 | 7.17% | 3.20% | 6.44% | 3.17% |
| 1990 | 4.2% | -2.97% | 3.41% | -3.03% |
| 1991 | 4.84% | 0.64% | 3.92% | 0.51% |
| 1992 | 1.96% | -2.88% | 0.95% | -2.97% |
| 1993 | 9.42% | 7.46% | 8.29% | 7.34% |
| 1994 | 1.38% | -8.04% | 0.35% | -7.94% |
| 1995 | 2.35% | 0.97% | 1.33% | 0.98% |
| 1996 | -0.11% | -2.46% | -1.08% | -2.41% |
| 1997 | -1.14% | -1.03% | -2.05% | -0.97% |
| 1998 | -2.33% | -1.19% | -3.17% | -1.12% |
| 1999 | 1.05% | 3.38% | 0.27% | 3.44% |
| 2000 | 0.88% | -0.17% | 0.18% | -0.09% |
| 2001 | 1.34% | 0.46% | 0.7% | 0.52% |
| 2002 | 2% | 0.66% | 1.37% | 0.67% |
| 2003 | 3.67% | 1.67% | 3.04% | 1.67% |
| 2004 | 1.32% | -2.35% | 0.73% | -2.31% |
| 2005 | 0.89% | -0.43% | 0.34% | -0.39% |
| 2006 | 2.9% | 2.01% | 2.37% | 2.03% |
| 2007 | 1.43% | -1.47% | 0.95% | -1.42% |
| 2008 | -0.81% | -2.24% | -1.24% | -2.19% |
| 2009 | -4.35% | -3.54% | -4.74% | -3.50% |
| 2010 | -1.46% | 2.89% | -1.87% | 2.87% |
| 2011 | 1.73% | 3.19% | 1.29% | 3.16% |
| 2012 | -0.61% | -2.34% | -1.04% | -2.33% |
| 2013 | 0.52% | 1.13% | 0.11% | 1.15% |
| 2014 | 0.69% | 0.17% | 0.33% | 0.22% |
| 2015 | 0.92% | 0.23% | 0.61% | 0.28% |
| 2016 | 2.76% | 1.84% | 2.49% | 1.88% |
| 2017 | 2.29% | -0.47% | 2.08% | -0.41% |
| 2018 | 2.52% | 0.23% | 2.36% | 0.28% |
| 2019 | 1.81% | -0.71% | 1.69% | -0.67% |
| 2020 | -8.3% | -10.11% | -8.55% | -10.24% |
| 2021 | 5.7% | 14.00% | 5.45% | 14.00% |
| 2022 | 6.44% | 0.74% | 6.38% | 0.93% |
| 2023 | 2.75% | -3.69% | 2.72% | -3.66% |
| 2024 | -0.54% | -3.29% | -0.51% | -3.23% |