Military expenditure in Jamaica
Jamaica: Military expenditure was 262.51 million current USD in 2024. ◆ Volatile
Military expenditure in Jamaica, 1976–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Jamaica stood at 262.51 million current USD.
That represents a change of up 14.0% on the previous year and up 116.4% over ten years.
Over the whole period, military expenditure in Jamaica peaked at 266.01 million current USD in 2019 and was at its lowest, 18.71 million current USD, in 1985.
That places Jamaica 122nd out of 166 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.01 million current USD | 27.45 million current USD | 30.58 million current USD | 2 |
| 1980s | 34.81 million current USD | 18.71 million current USD | 53.61 million current USD | 9 |
| 1990s | 42.12 million current USD | 31.89 million current USD | 54.85 million current USD | 10 |
| 2000s | 71.72 million current USD | 43.57 million current USD | 130.70 million current USD | 10 |
| 2010s | 151.73 million current USD | 115.57 million current USD | 266.01 million current USD | 10 |
| 2020s | 233.57 million current USD | 217.58 million current USD | 262.51 million current USD | 5 |
Countries ranked near Jamaica
- 119 Gabon 319.10 million current USD compare
- 120 Afghanistan 278.25 million current USD compare
- 121 Ghana 268.74 million current USD compare
- 123 Mauritania 260.06 million current USD compare
- 124 Tajikistan 246.39 million current USD compare
- 125 Trinidad and Tobago 234.54 million current USD compare
More public sector data for Jamaica
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.7% (2020)
- Taxes on income, profits and capital gains 33.2% (2020)
- Taxes on goods and services 45.8% (2020)
- Net investment in nonfinancial assets 2.3% (2020)
- Net lending (+) / net borrowing (-) -2.8% (2020)
- Interest payments 22.4% (2020)
- Interest payments 22.0% (2020)
- Compensation of employees 38.0% (2020)
- Taxes on international trade 8.8% (2020)
Frequently asked questions
- What is military expenditure in Jamaica?
- Military expenditure in Jamaica was 262.51 million current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Jamaica?
- The highest recorded value was 266.01 million current USD in 2019.
- What is the lowest military expenditure recorded in Jamaica?
- The lowest recorded value was 18.71 million current USD in 1985.
- How does Jamaica rank for military expenditure?
- Jamaica ranks 122nd out of 166 countries with data for 2024.
- Is military expenditure rising or falling in Jamaica?
- Over the last ten years it is up 116.4%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)