Jamaica 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$19.40 billion
↓ 0.13% vs 2023GDP per Capita
$6,831.13
↓ 0.13% vs 2023GDP Growth (Annual %)
-0.13%
↓ 2.33pp vs 2023Inflation Rate (CPI %)
5.41%
↓ 1.06pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $19.42 billion | $19.40 billion | -0.13% |
| GDP per Capita | $6,839.73 | $6,831.13 | -0.13% |
| GDP Growth (Annual %) | 2.20% | -0.13% | -2.33pp |
| Inflation (CPI %) | 6.47% | 5.41% | -1.06pp |
| Unemployment Rate (%) | 4.40% | 4.89% | +0.48pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $19.40 billion
- GDP per Capita
- $6,831.13
- GDP Growth (Annual %)
- -0.13%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 5.41%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 4.89%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Jamaica's Gross Domestic Product (GDP) is $19.40 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Jamaica for 2024 is $6,831.13. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Jamaica for 2024 is 5.41%. This measures the annual percentage change in the cost of consumer goods and services.
Jamaica's annual GDP growth rate for 2024 is -0.13%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Jamaica for 2024 is 4.89%. This represents the percentage of the labor force that is unemployed and actively seeking employment.