Tax revenue (current LCU) in Jamaica
Jamaica: Tax revenue (current LCU) was 505.69 billion current LCU in 2020. ◆ Volatile
Tax revenue in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, tax revenue in Jamaica stood at 505.69 billion current LCU.
The figure is down 12.7% on the previous year and up 80.7% over ten years.
Over the whole period, tax revenue in Jamaica peaked at 579.40 billion current LCU in 2019 and was at its lowest, 4.93 billion current LCU, in 1988.
Jamaica ranks 65th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU) in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1988 | 4.93 billion current LCU | — |
| 1989 | 6.20 billion current LCU | +25.6% |
| 1990 | 7.75 billion current LCU | +25.0% |
| 1991 | 11.48 billion current LCU | +48.2% |
| 1992 | 19.05 billion current LCU | +65.9% |
| 1993 | 28.95 billion current LCU | +52.0% |
| 1994 | 38.07 billion current LCU | +31.5% |
| 1995 | 50.26 billion current LCU | +32.0% |
| 1996 | 55.19 billion current LCU | +9.8% |
| 1997 | 59.22 billion current LCU | +7.3% |
| 1998 | 66.97 billion current LCU | +13.1% |
| 1999 | 75.96 billion current LCU | +13.4% |
| 2000 | 87.07 billion current LCU | +14.6% |
| 2001 | 90.57 billion current LCU | +4.0% |
| 2002 | 102.86 billion current LCU | +13.6% |
| 2003 | 131.07 billion current LCU | +27.4% |
| 2004 | 150.48 billion current LCU | +14.8% |
| 2005 | 162.58 billion current LCU | +8.0% |
| 2006 | 188.35 billion current LCU | +15.9% |
| 2007 | 219.52 billion current LCU | +16.5% |
| 2008 | 246.22 billion current LCU | +12.2% |
| 2009 | 265.86 billion current LCU | +8.0% |
| 2010 | 279.87 billion current LCU | +5.3% |
| 2011 | 289.88 billion current LCU | +3.6% |
| 2012 | 319.76 billion current LCU | +10.3% |
| 2013 | 343.84 billion current LCU | +7.5% |
| 2014 | 370.88 billion current LCU | +7.9% |
| 2015 | 411.85 billion current LCU | +11.0% |
| 2016 | 458.32 billion current LCU | +11.3% |
| 2017 | 496.89 billion current LCU | +8.4% |
| 2018 | 542.92 billion current LCU | +9.3% |
| 2019 | 579.40 billion current LCU | +6.7% |
| 2020 | 505.69 billion current LCU | -12.7% |
Jamaica compared with similar countries
- Jamaica's 505.69 billion current LCU is above the median for upper middle income countries, which is 346.89 billion current LCU, 1.5× the median. (48 countries reporting)
- Jamaica's 505.69 billion current LCU is above the median for Latin America & Caribbean, which is 102.16 billion current LCU, 5.0× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Tax revenue (current LCU) in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +65.9% | 11.48 billion current LCU | 19.05 billion current LCU |
| 1993 | +52.0% | 19.05 billion current LCU | 28.95 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.57 billion current LCU | 4.93 billion current LCU | 6.20 billion current LCU | 2 |
| 1990s | 41.29 billion current LCU | 7.75 billion current LCU | 75.96 billion current LCU | 10 |
| 2000s | 164.46 billion current LCU | 87.07 billion current LCU | 265.86 billion current LCU | 10 |
| 2010s | 409.36 billion current LCU | 279.87 billion current LCU | 579.40 billion current LCU | 10 |
| 2020s | 505.69 billion current LCU | 505.69 billion current LCU | 505.69 billion current LCU | 1 |
Countries ranked near Jamaica
More public sector data for Jamaica
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax revenue in Jamaica?
- Tax revenue in Jamaica was 505.69 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Jamaica?
- The highest recorded value was 579.40 billion current LCU in 2019.
- What is the lowest tax revenue recorded in Jamaica?
- The lowest recorded value was 4.93 billion current LCU in 1988.
- How does Jamaica rank for tax revenue?
- Jamaica ranks 65th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Jamaica?
- Over the last ten years it is up 80.7%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.