Jamaica GDP Growth Rate (2026)
Jamaica has a Caribbean economy supported by tourism, services, mining, remittances, and household consumption. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
-1.2%
Annual real GDP growth
World Rank
#186
Out of 195 countries
Change vs 2025
-1.1 pp
2025: -0.1%
North America Rank
#21
Out of 23 countries
1. Jamaica GDP Growth Rate in 2026
Jamaican economic growth is influenced by tourism, consumer demand, remittances, mining, and investment. Global travel demand and weather conditions remain especially important.
2. Jamaica GDP Growth Rate Trends (1980–2026)
Jamaica’s growth history has been shaped by tourism cycles, fiscal reforms, mining, remittances, and periodic external shocks. Services remain the dominant part of the economy.
3. Jamaica GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | -1.2% | -1.1 pp |
| 2025 | -0.1% | +0.4 pp |
| 2024 | -0.5% | -3.2 pp |
| 2023 | +2.7% | -3.7 pp |
| 2022 | +6.4% | +0.7 pp |
| 2021 | +5.7% | +14.0 pp |
| 2020 | -8.3% | -10.1 pp |
| 2019 | +1.8% | -0.7 pp |
| 2018 | +2.5% | +0.2 pp |
| 2017 | +2.3% | -0.5 pp |
| 2016 | +2.8% | +1.4 pp |
| 2015 | +1.4% | +0.8 pp |
| 2014 | +0.6% | +0.4 pp |
| 2013 | +0.2% | +0.7 pp |
| 2012 | -0.5% | -1.9 pp |
| 2011 | +1.4% | +2.8 pp |
| 2010 | -1.4% | +2.0 pp |
| 2009 | -3.4% | -2.6 pp |
| 2008 | -0.8% | -2.2 pp |
| 2007 | +1.4% | -1.5 pp |
| 2006 | +2.9% | +2.0 pp |
| 2005 | +0.9% | -0.4 pp |
| 2004 | +1.3% | -2.4 pp |
| 2003 | +3.7% | +3.0 pp |
| 2002 | +0.7% | -0.6 pp |
| 2001 | +1.3% | +0.5 pp |
| 2000 | +0.8% | -0.2 pp |
| 1999 | +1.0% | +2.2 pp |
| 1998 | -1.2% | +0.4 pp |
| 1997 | -1.6% | -1.8 pp |
| 1996 | +0.2% | -2.3 pp |
| 1995 | +2.5% | +0.6 pp |
| 1994 | +1.9% | -0.3 pp |
| 1993 | +2.2% | -0.6 pp |
| 1992 | +2.8% | +2.0 pp |
| 1991 | +0.8% | -4.1 pp |
| 1990 | +4.9% | +0.2 pp |
| 1989 | +4.7% | +8.7 pp |
| 1988 | -4.0% | -11.7 pp |
| 1987 | +7.7% | +0.7 pp |
| 1986 | +7.0% | +7.9 pp |
| 1985 | -0.9% | -1.8 pp |
| 1984 | +0.9% | -3.3 pp |
| 1983 | +4.2% | +1.1 pp |
| 1982 | +3.1% | -1.3 pp |
| 1981 | +4.4% | +8.4 pp |
| 1980 | -4.0% | — |
4. Jamaica GDP Growth Performance
Current Growth Rate
-1.2%
(2026 to 2026)
5-Year Average
+1.5%
(2022 to 2026)
10-Year Average
+1.1%
(2017 to 2026)
20-Year Average
+0.7%
(2007 to 2026)
The economy benefits from strong tourism and improved macroeconomic stability, while limited productivity and climate exposure can constrain faster expansion.
5. Jamaica GDP Growth Rate vs North America and World
Jamaica
-1.2%
North America Average
+2.2%
World Average
+2.8%
-1.2%
0.8%
2.8%
Annual real GDP growth (%)
Jamaica’s GDP growth rate is approximately
3.3 pp
below the
North America average
and
4.0 pp
below the world average.
6. Jamaica GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #15 | Bahamas | +2.1% |
| #16 | Saint Kitts & Nevis | +2.0% |
| #17 | Saint Lucia | +2.0% |
| #18 | Mexico | +1.6% |
| #19 | Canada | +1.5% |
| #20 | Trinidad and Tobago | +0.8% |
| #21 | Jamaica | -1.2% |
| #22 | Haiti | -1.7% |
| #23 | Cuba | -1.9% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Jamaica
Jamaica GDP (Nominal)
$23.0 Billion
(2026)
Jamaica GDP Growth Rate
-1.2%
(2026)
Jamaica generally records moderate growth within the Caribbean and remains highly sensitive to tourism demand. Its improved fiscal position supports greater resilience.
Explore more:
Jamaica GDP
9. Jamaica GDP Growth Rate Forecast
The outlook depends on tourism, investment, remittances, infrastructure, and fiscal discipline. Climate risks and external slowdowns remain important.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.1% | +4.3 pp |
| 2028 | +1.8% | -1.3 pp |
| 2029 | +1.5% | -0.3 pp |
| 2030 | +1.5% | 0.0 pp |
10. Jamaica GDP Growth Rate: Key Findings
Jamaica GDP growth rate is estimated at -1.2% in 2026.
It ranks #186 globally and #21 in North America by annual GDP growth rate.
The growth rate slowed by 1.1 percentage points compared with 2025.
The 5-year average GDP growth rate is +1.5%.
The 10-year average GDP growth rate is +1.1%.
The current rate is 3.3 percentage points below the North America average.
The current rate is 4.0 percentage points below the world average.
The forecast GDP growth rate is +1.5% in 2030, 2.7 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Jamaica GDP Growth Rate FAQs
Jamaica GDP growth rate is estimated at -1.2% in 2026.
Jamaica ranks #186 globally and #21 in North America by annual GDP growth rate.
The economy is contracting, with real GDP growth of approximately -1.2% in 2026.
Jamaica GDP growth rate was +1.4% in 2015.
Jamaica GDP growth rate is 3.3 percentage points below the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.