Taxes on goods and services (current LCU), per unit of GDP in Jamaica
Jamaica: Taxes on goods and services (current LCU), per unit of GDP was 17.57 current LCU per US$ of GDP in 2020. ◆ Volatile
Taxes on goods and services (current LCU), per unit of GDP in Jamaica, 1988–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Jamaica is 17.57 current LCU per US$ of GDP, measured in 2020.
Compared with earlier readings it is down 4.5% on the previous year and up 73.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Jamaica peaked at 18.41 current LCU per US$ of GDP in 2019 and was at its lowest, 0.4542 current LCU per US$ of GDP, in 1988.
Jamaica ranks 34th of 157 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), per unit of GDP in Jamaica, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1988 | 0.4542 current LCU per US$ of GDP | — |
| 1989 | 0.4773 current LCU per US$ of GDP | +5.1% |
| 1990 | 0.5225 current LCU per US$ of GDP | +9.5% |
| 1991 | 0.9936 current LCU per US$ of GDP | +90.2% |
| 1992 | 2.06 current LCU per US$ of GDP | +106.8% |
| 1993 | 2.22 current LCU per US$ of GDP | +8.2% |
| 1994 | 2.88 current LCU per US$ of GDP | +29.5% |
| 1995 | 3.32 current LCU per US$ of GDP | +15.2% |
| 1996 | 3.12 current LCU per US$ of GDP | -6.0% |
| 1997 | 2.91 current LCU per US$ of GDP | -6.6% |
| 1998 | 3.24 current LCU per US$ of GDP | +11.1% |
| 1999 | 3.73 current LCU per US$ of GDP | +15.1% |
| 2000 | 4.06 current LCU per US$ of GDP | +9.0% |
| 2001 | 4.25 current LCU per US$ of GDP | +4.7% |
| 2002 | 4.61 current LCU per US$ of GDP | +8.5% |
| 2003 | 6.05 current LCU per US$ of GDP | +31.1% |
| 2004 | 6.39 current LCU per US$ of GDP | +5.7% |
| 2005 | 6.25 current LCU per US$ of GDP | -2.3% |
| 2006 | 6.94 current LCU per US$ of GDP | +11.1% |
| 2007 | 7.21 current LCU per US$ of GDP | +3.9% |
| 2008 | 7.37 current LCU per US$ of GDP | +2.3% |
| 2009 | 9.16 current LCU per US$ of GDP | +24.2% |
| 2010 | 10.12 current LCU per US$ of GDP | +10.5% |
| 2011 | 9.61 current LCU per US$ of GDP | -5.0% |
| 2012 | 10.48 current LCU per US$ of GDP | +9.1% |
| 2013 | 12.22 current LCU per US$ of GDP | +16.6% |
| 2014 | 13.66 current LCU per US$ of GDP | +11.8% |
| 2015 | 14.41 current LCU per US$ of GDP | +5.5% |
| 2016 | 16.34 current LCU per US$ of GDP | +13.4% |
| 2017 | 17.51 current LCU per US$ of GDP | +7.2% |
| 2018 | 17.84 current LCU per US$ of GDP | +1.8% |
| 2019 | 18.41 current LCU per US$ of GDP | +3.2% |
| 2020 | 17.57 current LCU per US$ of GDP | -4.5% |
Jamaica compared with similar countries
- Jamaica's 17.57 current LCU per US$ of GDP is above the median for upper middle income countries, which is 1.74 current LCU per US$ of GDP, 10.1× the median. (48 countries reporting)
- Jamaica's 17.57 current LCU per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5148 current LCU per US$ of GDP, 34.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP 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 | +106.8% | 0.9936 current LCU per US$ of GDP | 2.06 current LCU per US$ of GDP |
| 1991 | +90.2% | 0.5225 current LCU per US$ of GDP | 0.9936 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4657 current LCU per US$ of GDP | 0.4542 current LCU per US$ of GDP | 0.4773 current LCU per US$ of GDP | 2 |
| 1990s | 2.5 current LCU per US$ of GDP | 0.5225 current LCU per US$ of GDP | 3.73 current LCU per US$ of GDP | 10 |
| 2000s | 6.23 current LCU per US$ of GDP | 4.06 current LCU per US$ of GDP | 9.16 current LCU per US$ of GDP | 10 |
| 2010s | 14.06 current LCU per US$ of GDP | 9.61 current LCU per US$ of GDP | 18.41 current LCU per US$ of GDP | 10 |
| 2020s | 17.57 current LCU per US$ of GDP | 17.57 current LCU per US$ of GDP | 17.57 current LCU per US$ of GDP | 1 |
Countries ranked near Jamaica
- 31 Kazakhstan 23.11 current LCU per US$ of GDP compare
- 32 Guinea-Bissau 20.19 current LCU per US$ of GDP
- 33 Serbia 17.82 current LCU per US$ of GDP compare
- 35 Angola 17.37 current LCU per US$ of GDP compare
- 36 Sri Lanka 16.85 current LCU per US$ of GDP compare
- 37 Congo 15.69 current LCU per US$ of GDP compare
More public sector data for Jamaica
- Democracy, annual growth rate 0 % change on previous year (2025)
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- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- 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)
Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in Jamaica?
- Taxes on goods and services (current lcu), per unit of gdp in Jamaica was 17.57 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Jamaica?
- The highest recorded value was 18.41 current LCU per US$ of GDP in 2019.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Jamaica?
- The lowest recorded value was 0.4542 current LCU per US$ of GDP in 1988.
- How does Jamaica rank for taxes on goods and services (current lcu), per unit of gdp?
- Jamaica ranks 34th out of 157 countries with data for 2020.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Jamaica?
- Over the last ten years it is up 73.6%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.