Taxes on international trade (current LCU) in Jamaica
Jamaica: Taxes on international trade (current LCU) was 50.83 billion current LCU in 2020. ◆ Volatile
Taxes on international trade 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 international trade in Jamaica stood at 50.83 billion current LCU.
Compared with earlier readings it is down 31.0% on the previous year and up 82.5% over ten years.
Over the whole period, taxes on international trade in Jamaica peaked at 73.66 billion current LCU in 2019 and was at its lowest, 1.03 billion current LCU, in 1988.
Jamaica ranks 52nd of 155 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 international trade (current LCU) in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1988 | 1.03 billion current LCU | — |
| 1989 | 1.30 billion current LCU | +25.4% |
| 1990 | 1.41 billion current LCU | +8.4% |
| 1991 | 2.13 billion current LCU | +51.5% |
| 1992 | 3.23 billion current LCU | +51.9% |
| 1993 | 4.90 billion current LCU | +51.6% |
| 1994 | 5.45 billion current LCU | +11.2% |
| 1995 | 7.51 billion current LCU | +37.8% |
| 1996 | 7.85 billion current LCU | +4.5% |
| 1997 | 8.34 billion current LCU | +6.3% |
| 1998 | 9.32 billion current LCU | +11.7% |
| 1999 | 9.92 billion current LCU | +6.5% |
| 2000 | 11.23 billion current LCU | +13.1% |
| 2001 | 11.73 billion current LCU | +4.5% |
| 2002 | 12.59 billion current LCU | +7.4% |
| 2003 | 14.09 billion current LCU | +11.9% |
| 2004 | 15.95 billion current LCU | +13.2% |
| 2005 | 18.50 billion current LCU | +16.0% |
| 2006 | 20.03 billion current LCU | +8.3% |
| 2007 | 24.34 billion current LCU | +21.5% |
| 2008 | 25.96 billion current LCU | +6.6% |
| 2009 | 24.29 billion current LCU | -6.5% |
| 2010 | 27.85 billion current LCU | +14.7% |
| 2011 | 29.65 billion current LCU | +6.4% |
| 2012 | 33.60 billion current LCU | +13.4% |
| 2013 | 38.78 billion current LCU | +15.4% |
| 2014 | 40.50 billion current LCU | +4.4% |
| 2015 | 44.24 billion current LCU | +9.2% |
| 2016 | 55.17 billion current LCU | +24.7% |
| 2017 | 62.73 billion current LCU | +13.7% |
| 2018 | 69.58 billion current LCU | +10.9% |
| 2019 | 73.66 billion current LCU | +5.9% |
| 2020 | 50.83 billion current LCU | -31.0% |
Jamaica compared with similar countries
- Jamaica's 50.83 billion current LCU is above the median for upper middle income countries, which is 18.56 billion current LCU, 2.7× the median. (48 countries reporting)
- Jamaica's 50.83 billion current LCU is above the median for Latin America & Caribbean, which is 3.44 billion current LCU, 14.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.16 billion current LCU | 1.03 billion current LCU | 1.30 billion current LCU | 2 |
| 1990s | 6.01 billion current LCU | 1.41 billion current LCU | 9.92 billion current LCU | 10 |
| 2000s | 17.87 billion current LCU | 11.23 billion current LCU | 25.96 billion current LCU | 10 |
| 2010s | 47.58 billion current LCU | 27.85 billion current LCU | 73.66 billion current LCU | 10 |
| 2020s | 50.83 billion current LCU | 50.83 billion current LCU | 50.83 billion current LCU | 1 |
Countries ranked near Jamaica
- 49 Brazil 77.50 billion current LCU compare
- 50 Armenia 76.17 billion current LCU compare
- 51 Dominican Republic 70.74 billion current LCU compare
- 53 Ukraine 48.50 billion current LCU compare
- 54 Afghanistan 45.92 billion current LCU compare
- 55 Kyrgyzstan 41.99 billion current LCU compare
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)
- 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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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 international trade in Jamaica?
- Taxes on international trade in Jamaica was 50.83 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Jamaica?
- The highest recorded value was 73.66 billion current LCU in 2019.
- What is the lowest taxes on international trade recorded in Jamaica?
- The lowest recorded value was 1.03 billion current LCU in 1988.
- How does Jamaica rank for taxes on international trade?
- Jamaica ranks 52nd out of 155 countries with data for 2020.
- Is taxes on international trade rising or falling in Jamaica?
- Over the last ten years it is up 82.5%. 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 international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.