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India vs Jamaica: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Jamaica ranked 122nd with $15.7B. By GDP 5-years average growth and GDP per capita, India and Jamaica ranked 6th vs 153rd and 150th vs 106th, respectively.

Gross Domestic Product & Income

StatIndiaJamaica
GDP$2.7T$15.7B
GDP growth, 1 year7.1%1.4%
GDP growth, 5-years average7.6%1%
Population1.3B2.9M
GDP per capita$2k$5.4k
GDP per capita growth5.71%1.45%
Purchasing Power Parity conversion factor18.173.98
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.57
GDP per capita, PPP adjusted$7.9k$9.4k
GNI, Atlas method$2.7T$14.6B
GNI per capita$2k$5k
GNI, PPP adjusted$10.4T$26.1B
GNI per capita, PPP adjusted$7.7k$8.9k

Financial system and Human development

StatIndiaJamaica
Income Tax Rate30.9%25%
Corporate Tax Rate32.4%25%
Inflation, consumer prices3.5%3.7%
Inflation, GDP deflator4.1%4.8%
Unemployment2.6%9.5%
Economic Freedom Index56.568.5
Personal Freedom Index6.967.29
Human Freedom Index6.87.16
Property Rights Index6362.1
Judical Effectiveness Index64.150.5
Business Freedom Index65.677.7
Fiscal Health Index13.180.2
Labor Freedom Index41.274
Investment Freedom Index4080
Financial Freedom Index4050
Trade Freedom Index73.468.4
Monetary Freedom Index7377.7
Government Spending Index77.974.8
Tax Burden Index79.480
Government Integrity Index47.246.8
Corruption Perceptions Index4144
Life expectancy at birth, years69.274.3
Suicide mortality rate, per 100,000 people16.32.2
Mortality caused by road traffic injury, per 100,000 people22.613.6
Intentional homicides, per 100,000 people3.257
International tourism, number of arrivals17.4M2.5M

Government debt & reserves

StatIndiaJamaica
Central government debt, % of GDP69.8%99.4%
External debt stocks, % of GNI19.3%108%
External debt stocks$521.4B$16.3B
Short-term debt, % of total reserves26.1%56.4%
Total debt service, % of exports and primary income11.4%20.4%
Adjusted net savings including particulate emission damage, % of GNI16.3%15.9%
Gross savings, % of GDP30.9%21.3%
Gross capital formation, % of GDP31.3%23.3%
Total reserves including gold$399.2B$3.5B
Foreign direct investment net inflows$42.1B$774.6M

Exports, imports and economic structure

StatIndiaJamaica
Exports of goods and services, % of GDP19.7%38%
Imports of goods and services, % of GDP23.6%51.1%
Current account balance (balance of payments)-$65.6B-$287.6M
Revenue excluding grants, % of GDP12.9%29.3%
Grants excluding technical cooperation, BoP$689.4M$96.8M
Personal remittances received$78.8B$2.5B
Industry including construction value added, % of GDP26.7%20.3%
Agriculture, forestry and fishing value added, % of GDP14.6%6.6%
Charges for the use of intellectual property, payments BoP$7.9B$50.8M
Charges for the use of intellectual property, receipts BoP$784.9M$5.3M
Expense, % of GDP14.9%26.7%
Government Expenditure, % of GDP27.1%29%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M