Taxes on goods and services (current LCU) in Jamaica
Jamaica: Taxes on goods and services (current LCU) was 263.60 billion current LCU in 2020. ◆ Volatile
Taxes on goods and services in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, taxes on goods and services in Jamaica stood at 263.60 billion current LCU.
That represents a change of down 15.9% on the previous year and up 97.0% over ten years.
Over the whole period, taxes on goods and services in Jamaica peaked at 313.44 billion current LCU in 2019 and was at its lowest, 1.74 billion current LCU, in 1988.
Jamaica ranks 60th 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.
Taxes on goods and services (current LCU) in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1988 | 1.74 billion current LCU | — |
| 1989 | 2.10 billion current LCU | +20.9% |
| 1990 | 2.40 billion current LCU | +14.1% |
| 1991 | 4.08 billion current LCU | +70.0% |
| 1992 | 7.27 billion current LCU | +78.1% |
| 1993 | 12.10 billion current LCU | +66.5% |
| 1994 | 15.70 billion current LCU | +29.8% |
| 1995 | 21.81 billion current LCU | +38.9% |
| 1996 | 23.04 billion current LCU | +5.6% |
| 1997 | 24.46 billion current LCU | +6.2% |
| 1998 | 28.44 billion current LCU | +16.3% |
| 1999 | 33.11 billion current LCU | +16.4% |
| 2000 | 36.57 billion current LCU | +10.5% |
| 2001 | 39.09 billion current LCU | +6.9% |
| 2002 | 44.83 billion current LCU | +14.7% |
| 2003 | 57.01 billion current LCU | +27.2% |
| 2004 | 65.02 billion current LCU | +14.1% |
| 2005 | 70.23 billion current LCU | +8.0% |
| 2006 | 82.79 billion current LCU | +17.9% |
| 2007 | 92.29 billion current LCU | +11.5% |
| 2008 | 101.09 billion current LCU | +9.5% |
| 2009 | 110.99 billion current LCU | +9.8% |
| 2010 | 133.81 billion current LCU | +20.6% |
| 2011 | 138.82 billion current LCU | +3.7% |
| 2012 | 155.24 billion current LCU | +11.8% |
| 2013 | 174.31 billion current LCU | +12.3% |
| 2014 | 189.90 billion current LCU | +8.9% |
| 2015 | 215.61 billion current LCU | +13.5% |
| 2016 | 243.47 billion current LCU | +12.9% |
| 2017 | 276.43 billion current LCU | +13.5% |
| 2018 | 300.65 billion current LCU | +8.8% |
| 2019 | 313.44 billion current LCU | +4.3% |
| 2020 | 263.60 billion current LCU | -15.9% |
Jamaica compared with similar countries
- Jamaica's 263.60 billion current LCU is above the median for upper middle income countries, which is 103.35 billion current LCU, 2.6× the median. (48 countries reporting)
- Jamaica's 263.60 billion current LCU is above the median for Latin America & Caribbean, which is 58.28 billion current LCU, 4.5× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (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 | +78.1% | 4.08 billion current LCU | 7.27 billion current LCU |
| 1991 | +70.0% | 2.40 billion current LCU | 4.08 billion current LCU |
| 1993 | +66.5% | 7.27 billion current LCU | 12.10 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.92 billion current LCU | 1.74 billion current LCU | 2.10 billion current LCU | 2 |
| 1990s | 17.24 billion current LCU | 2.40 billion current LCU | 33.11 billion current LCU | 10 |
| 2000s | 69.99 billion current LCU | 36.57 billion current LCU | 110.99 billion current LCU | 10 |
| 2010s | 214.17 billion current LCU | 133.81 billion current LCU | 313.44 billion current LCU | 10 |
| 2020s | 263.60 billion current LCU | 263.60 billion current LCU | 263.60 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 taxes on goods and services in Jamaica?
- Taxes on goods and services in Jamaica was 263.60 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Jamaica?
- The highest recorded value was 313.44 billion current LCU in 2019.
- What is the lowest taxes on goods and services recorded in Jamaica?
- The lowest recorded value was 1.74 billion current LCU in 1988.
- How does Jamaica rank for taxes on goods and services?
- Jamaica ranks 60th out of 157 countries with data for 2020.
- Is taxes on goods and services rising or falling in Jamaica?
- Over the last ten years it is up 97.0%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.