Taxes on goods and services in Jamaica
Jamaica: Taxes on goods and services was 16.0% in 2020. ▲ Rising
Taxes on goods and services in Jamaica, 1993–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Jamaica is 16.0%, measured in 2020.
That represents a change of down 11.6% on the previous year and up 16.6% over ten years.
Over the whole period, taxes on goods and services in Jamaica peaked at 18.1% in 2019 and was at its lowest, 9.6%, in 1997.
Jamaica ranks 20th of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Taxes on goods and services in Jamaica, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1993 | 10.4% | — |
| 1994 | 10.0% | -3.5% |
| 1995 | 11.1% | +10.9% |
| 1996 | 9.8% | -12.4% |
| 1997 | 9.6% | -2.0% |
| 1998 | 10.4% | +8.4% |
| 1999 | 11.1% | +6.7% |
| 2000 | 10.9% | -1.1% |
| 2001 | 10.7% | -1.9% |
| 2002 | 10.9% | +2.0% |
| 2003 | 12.0% | +9.8% |
| 2004 | 12.1% | +0.4% |
| 2005 | 11.6% | -3.8% |
| 2006 | 12.3% | +5.9% |
| 2007 | 12.1% | -1.5% |
| 2008 | 11.8% | -2.8% |
| 2009 | 12.1% | +2.7% |
| 2010 | 13.7% | +13.7% |
| 2011 | 13.3% | -3.1% |
| 2012 | 14.2% | +6.4% |
| 2013 | 14.8% | +4.4% |
| 2014 | 15.0% | +1.6% |
| 2015 | 15.6% | +3.9% |
| 2016 | 16.7% | +7.3% |
| 2017 | 17.8% | +6.3% |
| 2018 | 18.0% | +1.0% |
| 2019 | 18.1% | +0.8% |
| 2020 | 16.0% | -11.6% |
Jamaica compared with similar countries
- Jamaica's 16.0% is above the median for upper middle income countries, which is 9.8%, 1.6× the median. (48 countries reporting)
- Jamaica's 16.0% is above the median for Latin America & Caribbean, which is 9.1%, 1.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.3% | 9.6% | 11.1% | 7 |
| 2000s | 11.7% | 10.7% | 12.3% | 10 |
| 2010s | 15.7% | 13.3% | 18.1% | 10 |
| 2020s | 16.0% | 16.0% | 16.0% | 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 taxes on goods and services in Jamaica?
- Taxes on goods and services in Jamaica was 16.0% 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 18.1% in 2019.
- What is the lowest taxes on goods and services recorded in Jamaica?
- The lowest recorded value was 9.6% in 1997.
- How does Jamaica rank for taxes on goods and services?
- Jamaica ranks 20th out of 154 countries with data for 2020.
- Is taxes on goods and services rising or falling in Jamaica?
- Over the last ten years it is up 16.6%. 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.