Real GDP Growth: Jamaica
Jamaica's real gdp growth is currently 1.5% as of 2026. # Jamaica Real GDP Growth Jamaica's real GDP growth stood at 1.
Current (2026)
1.5%
-28.6% y/y
Peak (1987)
7.7%
Low (2020)
-8.3%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Real GDP Growth — Jamaica
1980 — 2026
Real GDP Growth — Jamaica
Analysis# Jamaica Real GDP Growth
Jamaica's real GDP growth stood at 1.5% in 2026, reflecting modest expansion after a volatile recovery period. The country's economic performance ranges dramatically from its all-time peak of 7.7% in 1987 to a severe contraction of -8.3% in 2020. Since 1980, Jamaica's cumulative growth reached 137.5%, indicating long-term expansion despite significant cyclical fluctuations.
The COVID-19 pandemic marked a critical turning point, with 2020's sharp decline followed by a robust rebound to 5.7% in 2021 and 6.4% in 2022. However, growth decelerated substantially in subsequent years, dipping into negative territory at -0.5% in 2024 before stabilizing around 1.5-2.1%. The recent slowdown suggests Jamaica's economy faces headwinds, with projections indicating growth will remain subdued in the near term.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 1.5% | +0.00% |
| 2029 | 1.5% | +0.00% |
| 2028 | 1.5% | +0.00% |
| 2027 | 1.5% | +0.00% |
| 2026 | 1.5% | -28.57% |
| 2025 | 2.1% | +520.00% |
| 2024 | -0.5% | -118.52% |
| 2023 | 2.7% | -57.81% |
| 2022 | 6.4% | +12.28% |
| 2021 | 5.7% | +168.67% |
| 2020 | -8.3% | -561.11% |
| 2019 | 1.8% | -28.00% |
| 2018 | 2.5% | +8.70% |
| 2017 | 2.3% | -17.86% |
| 2016 | 2.8% | +100.00% |
| 2015 | 1.4% | +133.33% |
| 2014 | 0.6% | +200.00% |
| 2013 | 0.2% | +140.00% |
| 2012 | -0.5% | -135.71% |
| 2011 | 1.4% | +200.00% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -1.4% | +58.82% |
| 2009 | -3.4% | -325.00% |
| 2008 | -0.8% | -157.14% |
| 2007 | 1.4% | -51.72% |
| 2006 | 2.9% | +222.22% |
| 2005 | 0.9% | -30.77% |
| 2004 | 1.3% | -64.86% |
| 2003 | 3.7% | +428.57% |
| 2002 | 0.7% | -46.15% |
| 2001 | 1.3% | +62.50% |
| 2000 | 0.8% | -20.00% |
| 1999 | 1.0% | +183.33% |
| 1998 | -1.2% | +25.00% |
| 1997 | -1.6% | -900.00% |
| 1996 | 0.2% | -92.00% |
| 1995 | 2.5% | +31.58% |
| 1994 | 1.9% | -13.64% |
| 1993 | 2.2% | -21.43% |
| 1992 | 2.8% | +250.00% |
| 1991 | 0.8% | -83.67% |
| 1990 | 4.9% | +4.26% |
| 1989 | 4.7% | +217.50% |
| 1988 | -4.0% | -151.95% |
| 1987 | 7.7% | +10.00% |
| 1986 | 7.0% | +877.78% |
| 1985 | -0.9% | -200.00% |
| 1984 | 0.9% | -78.57% |
| 1983 | 4.2% | +35.48% |
| 1982 | 3.1% | -29.55% |
| 1981 | 4.4% | +210.00% |
| 1980 | -4.0% | — |
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