Tax revenue in Jamaica
Jamaica: Tax revenue was 23.7% in 2020. ▲ Rising
Tax revenue in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Jamaica recorded 23.7% for tax revenue in 2020.
That represents a change of down 7.3% on the previous year and down 2.5% over ten years.
Over the whole period, tax revenue in Jamaica peaked at 25.5% in 2019 and was at its lowest, 19.9%, in 1997.
Jamaica ranks 24th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Tax revenue in Jamaica, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1988 | 23.5% | — |
| 1989 | 24.5% | +4.3% |
| 1990 | 23.5% | -4.1% |
| 1991 | 23.1% | -1.7% |
| 1992 | 23.5% | +1.7% |
| 1993 | 21.3% | -9.1% |
| 1994 | 21.1% | -1.1% |
| 1995 | 21.7% | +3.0% |
| 1996 | 20.1% | -7.5% |
| 1997 | 19.9% | -1.0% |
| 1998 | 20.9% | +4.7% |
| 1999 | 21.9% | +5.0% |
| 2000 | 22.5% | +2.8% |
| 2001 | 21.4% | -4.8% |
| 2002 | 21.9% | +2.1% |
| 2003 | 24.1% | +10.1% |
| 2004 | 24.2% | +0.4% |
| 2005 | 23.2% | -3.9% |
| 2006 | 24.0% | +3.4% |
| 2007 | 24.8% | +3.2% |
| 2008 | 24.7% | -0.4% |
| 2009 | 25.0% | +1.1% |
| 2010 | 24.3% | -2.7% |
| 2011 | 23.4% | -3.8% |
| 2012 | 24.3% | +4.1% |
| 2013 | 24.0% | -1.3% |
| 2014 | 24.1% | +0.2% |
| 2015 | 23.5% | -2.2% |
| 2016 | 24.6% | +4.5% |
| 2017 | 24.6% | +0.0% |
| 2018 | 25.0% | +1.6% |
| 2019 | 25.5% | +2.1% |
| 2020 | 23.7% | -7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.0% | 23.5% | 24.5% | 2 |
| 1990s | 21.7% | 19.9% | 23.5% | 10 |
| 2000s | 23.6% | 21.4% | 25.0% | 10 |
| 2010s | 24.3% | 23.4% | 25.5% | 10 |
| 2020s | 23.7% | 23.7% | 23.7% | 1 |
Countries ranked near Jamaica
More public sector data for Jamaica
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.52 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 92.46 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0119 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 262.51 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 923.36 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Jamaica?
- Tax revenue in Jamaica was 23.7% 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 25.5% in 2019.
- What is the lowest tax revenue recorded in Jamaica?
- The lowest recorded value was 19.9% in 1997.
- How does Jamaica rank for tax revenue?
- Jamaica ranks 24th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Jamaica?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.