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Economy of Jamaica vs Jordan compared: GDP & Debt

Updated on by Georank team

Jamaica has a GDP of $22B compared to $53.4B for Jordan, ranking 124/197 and 90/197 by economy size, respectively.

Jamaica has $14B in government debt (63.4% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Jamaica vs Jordan GDP by year

Jamaica
Jordan
1x
Year GDP, current $
Jamaica Jordan
2024 $22,014,397,090 $53,352,289,577
2023 $21,418,804,320 $51,088,476,338
2022 $18,813,516,805 $48,764,963,380
2021 $15,963,885,376 $46,296,100,141
2020 $15,000,214,216 $43,700,383,099
2019 $17,026,269,263 $44,503,006,338
2018 $16,855,447,986 $43,370,860,704
2017 $15,783,583,237 $41,608,435,915
2016 $14,898,999,754 $39,892,551,127
2015 $14,963,589,916 $38,587,017,887
2014 $13,899,217,680 $36,847,643,521
2013 $14,264,205,153 $34,454,440,141
2012 $14,807,086,556 $31,634,561,690
2011 $14,444,661,522 $29,524,149,155
2010 $13,220,549,908 $27,133,804,225
2009 $12,120,458,115 $24,537,876,056
2008 $13,709,401,520 $22,658,715,989
2007 $12,799,600,047 $17,110,437,236
2006 $11,930,179,090 $15,056,981,664
2005 $11,243,865,778 $12,588,998,590
2004 $10,174,664,854 $11,411,706,629
2003 $9,430,234,811 $10,195,627,645
2002 $9,719,009,495 $9,582,510,578
2001 $9,194,727,831 $8,975,814,653
2000 $9,005,064,475 $8,460,789,845
1999 $8,887,057,997 $8,149,929,478
1998 $8,787,195,622 $7,912,270,804
1997 $8,400,041,724 $7,245,839,210
1996 $7,393,891,921 $6,927,503,526
1995 $6,577,520,643 $6,727,597,032
1994 $5,452,558,947 $6,236,295,978
1993 $5,440,075,676 $5,606,400,222
1992 $3,535,460,090 $5,310,833,194
1991 $4,106,207,649 $4,344,467,193
1990 $4,592,208,087 $4,160,087,508
1989 $4,404,937,853 $4,221,373,674
1988 $3,828,342,820 $6,277,451,829
1987 $3,287,007,322 $6,756,209,762
1986 $2,754,549,582 $6,402,050,485
1985 $2,100,239,019 $4,993,601,520
1984 $2,373,564,549 $4,967,162,160
1983 $3,619,262,277 $4,920,692,191
1982 $3,293,496,312 $4,681,240,993
1981 $2,979,027,966 $4,383,944,703
1980 $2,679,379,372 $3,910,044,474
1979 $2,425,064,229 $3,271,368,781
1978 $2,644,527,822 $2,602,208,589
1977 $3,249,733,140 $2,096,778,602
1976 $2,966,042,856 $1,708,521,219
1975 $2,860,442,750 $1,363,073,498
1974 $2,375,122,375 $1,197,483,949
1973 $1,905,917,553 $943,783,840
1972 $1,875,146,587 $788,479,685
1971 $1,539,861,816 $678,159,729
1970 $1,404,720,442 $639,519,744
1969 $1,191,239,047 $698,879,720
1968 $1,083,839,133 $561,119,776
1967 $1,148,014,311 $631,679,747
1966 $1,096,759,561 $657,999,737
1965 $972,159,611 $599,759,760
1964 $897,949,001 -
1963 $826,706,669 -
1962 $777,727,689 -
1961 $748,043,501 -
1960 $699,064,380 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jamaica/jordan | CC BY

GDP per capita in Jamaica vs Jordan by year

Jamaica
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,754 $12,890 $4,618 $10,821
2023 $7,542 $12,651 $4,466 $10,412
2022 $6,626 $11,888 $4,332 $9,927
2021 $5,626 $10,431 $4,183 $9,182
2020 $5,299 $9,764 $4,022 $9,579
2019 $6,031 $10,845 $4,170 $9,429
2018 $5,977 $10,753 $4,145 $9,042
2017 $5,605 $10,466 $4,066 $9,266
2016 $5,302 $9,948 $3,987 $8,748
2015 $5,339 $9,476 $4,043 $8,967
2014 $4,975 $9,210 $4,191 $9,145
2013 $5,124 $9,101 $4,311 $9,817
2012 $5,341 $8,831 $4,170 $9,739
2011 $5,233 $8,809 $3,947 $9,632
2010 $4,810 $8,521 $3,718 $9,417
2009 $4,428 $8,580 $3,436 $9,291
2008 $5,030 $8,952 $3,242 $8,983
2007 $4,716 $8,893 $2,506 $8,416
2006 $4,417 $8,577 $2,343 $8,046
2005 $4,184 $8,127 $2,088 $7,697
2004 $3,808 $7,854 $1,940 $7,074
2003 $3,550 $7,593 $1,776 $6,500
2002 $3,681 $7,226 $1,706 $6,256
2001 $3,504 $7,019 $1,632 $5,948
2000 $3,453 $6,816 $1,571 $5,641
1999 $3,432 $6,653 $1,545 $5,402
1998 $3,419 $6,543 $1,532 $5,264
1997 $3,297 $6,682 $1,436 $5,171
1996 $2,929 $6,706 $1,410 $5,055
1995 $2,631 $6,657 $1,416 $5,027
1994 $2,203 $6,435 $1,367 $4,830
1993 $2,221 $6,279 $1,289 $4,726
1992 $1,458 $5,664 $1,287 $4,654
1991 $1,710 $5,485 $1,110 $4,195
1990 $1,930 $5,106 $1,149 $4,317
1989 $1,865 - $1,260 -
1988 $1,632 - $1,966 -
1987 $1,411 - $2,217 -
1986 $1,191 - $2,200 -
1985 $917 - $1,797 -
1984 $1,048 - $1,871 -
1983 $1,619 - $1,939 -
1982 $1,494 - $1,929 -
1981 $1,370 - $1,885 -
1980 $1,249 - $1,750 -
1979 $1,144 - $1,519 -
1978 $1,262 - $1,249 -
1977 $1,569 - $1,039 -
1976 $1,450 - $873 -
1975 $1,417 - $718 -
1974 $1,193 - $651 -
1973 $972 - $531 -
1972 $971 - $460 -
1971 $809 - $412 -
1970 $748 - $409 -
1969 $642 - $474 -
1968 $591 - $409 -
1967 $633 - $497 -
1966 $612 - $558 -
1965 $549 - $546 -
1964 $514 - - -
1963 $480 - - -
1962 $458 - - -
1961 $447 - - -
1960 $424 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jamaica/jordan | CC BY

Jamaica's GDP per capita is $7,754, ranking 95/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Jordan ranks 131st at $10,821.

Economic indicators

Jamaica Jordan
Gross domestic product
$22B
2024
$53.4B
2024
GDP rank
124/197
2024
90/197
2024
GDP growth
-0.54%
2023-2024
2.49%
2023-2024
GDP per capita
$7,754
2024
$4,618
2024
GDP per capita rank
95/197
2024
123/197
2024
GDP per capita, PPP
$12,890
2024
$10,821
2024
GDP per capita PPP rank
121/197
2024
131/197
2024
Government debt
$14B
2024
$48.1B
2024
Debt-to-GDP ratio
63.4%
2024
90.2%
2024
Government debt per person
$4,917
2024
$4,167
2024
Government debt per person rank
79/185
2024
91/185
2024
Average annual personal income after taxes
$6,905
2026
$4,787
2026
Market capitalization of domestic companies
$12.4B
2024
$24.9B
2024
Income share by richest 10%
29.6%
2021
27.4%
2010
Income share by poorest 10%
2.2%
2021
3.5%
2010
Government expenditure, % of GDP
30.5%
2024
33%
2024
Consumer prices inflation
5.41%
2023-2024
1.56%
2023-2024
Central bank interest rate
5.75%
2025
5.75%
2025
Unemployment rate
3.02%
2023
16.6%
2023
Population
2834980
11555022

Spending and national debt comparison by year

Jamaica
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Jamaica Jordan
Government spending Government debt Government spending Government debt
2024 30.5% 63.4% 33% 90.2%
2023 28% 67.3% 32.9% 89%
2022 28.4% 73.5% 33.3% 88.6%
2021 29% 90.9% 34.1% 87.6%
2020 29.8% 100.1% 33.7% 104.5%
2019 27.8% 88.6% 32.4% 92.9%
2018 27.8% 89.2% 32% 87.4%
2017 27.3% 96.7% 29.6% 86.1%
2016 27% 109.1% 29.8% 85%
2015 26.3% 117.6% 31.7% 83.4%
2014 26.5% 136.7% 39.2% 78.6%
2013 26.9% 138.1% 36.4% 78.1%
2012 29.6% 143% 32.2% 73.8%
2011 31.7% 138.1% 27.4% 63.9%
2010 32.9% 140.1% 29.8% 59.5%
2009 38.6% 141.5% 35.9% 55.5%
2008 34.4% 125.6% 35.8% 53.2%
2007 31.6% 115.3% 37.7% 64.4%
2006 31.2% 118% 34.7% 65.6%
2005 29.3% 124.5% 37.3% 80.5%
2004 31.5% 120.1% 36.6% 86%
2003 32.5% 125.5% 36% 94.6%
2002 31.1% 119.1% 32.9% 91.3%
2001 28.5% 107.9% 32.1% 89.7%
2000 26.2% 91.3% 33.1% 85.6%
1999 28.9% 83.5% 32.7% 98.1%
1998 28.3% 75.6% 34.9% 99.8%
1997 28.3% 74.4% 33.9% 98.1%
1996 27.7% 70.2% 36.2% 104.9%
1995 23.1% 85.2% 35.5% 106.1%
1994 21.5% 90.4% 34.3% 116.2%
1993 21.5% 106.2% 36.4% 126.6%
1992 20% 100.4% 35.5% 139.6%
1991 24.5% 175.1% 44.9% 187%
1990 25.7% 128.8% 44% 204.8%
1989 - - 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1998, retrieved 2026-02-20).

GeoRank.org/economy/jamaica/jordan | CC BY

In 2024, Jamaica's government spending was $6.72B, accounting for 30.5% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 63.4% in Jamaica and 90.2% in Jordan, ranking 73/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Jordan
1x
Year Deficit/surplus, % of GDP
Jamaica Jordan
2024 0.22% -7.33%
2023 0.04% -6.89%
2022 0.27% -6.8%
2021 0.89% -8.45%
2020 -2.83% -10.1%
2019 0.85% -7.19%
2018 1.12% -5.78%
2017 0.43% -3.61%
2016 -0.19% -3.71%
2015 -0.28% -7.1%
2014 -0.49% -15.5%
2013 0.12% -16.1%
2012 -4.05% -13.8%
2011 -6.34% -5.61%
2010 -6.27% -5.43%
2009 -11.1% -8.66%
2008 -7.43% -5.38%
2007 -3.82% -5.45%
2006 -4.9% -3.82%
2005 -3.3% -5.36%
2004 -4.68% -1.09%
2003 -5.67% -2.52%
2002 -6.77% -4.44%
2001 -4.89% -2.77%
2000 -0.8% -3.99%
1999 -3.53% -2.69%
1998 -5.82% -5.4%
1997 -6.54% -2.97%
1996 -5.32% -3.25%
1995 1.6% -1.72%
1994 2.59% -2.3%
1993 2.6% -2.14%
1992 3.11% 1.87%
1991 3.87% -10.2%
1990 2.34% -7.45%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jamaica/jordan | CC BY

In 2024, Jamaica's government surplus, the difference between spending and revenue, was $49.1M, equivalent to 0.22% of GDP. This compares to Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 35 years, Jamaica recorded a fiscal deficit in 21 of those years, while Jordan ran a deficit in 34 years. On average, Jamaica posted an annual deficit equal to 2.14% of GDP, compared to deficit of 5.8% of GDP for Jordan.

Inflation comparison by year

Inflation
Jamaica

Jordan
1x
Year Consumer prices inflation
Jamaica Jordan
2024 5.41% 1.56%
2023 6.47% 2.08%
2022 10.3% 4.23%
2021 5.86% 1.35%
2020 5.23% 0.33%
2019 3.91% 0.76%
2018 3.74% 4.46%
2017 4.38% 3.32%
2016 2.35% -0.78%
2015 3.69% -0.88%
2014 8.27% 2.9%
2013 9.34% 4.82%
2012 6.87% 4.52%
2011 7.56% 4.16%
2010 12.6% 4.85%
2009 9.59% -0.74%
2008 22% 14%
2007 9.24% 4.74%
2006 8.56% 6.25%
2005 15.1% 3.49%
2004 13.6% 3.36%
2003 10.1% 1.63%
2002 7.08% 1.83%
2001 6.8% 1.77%
2000 8.17% 0.67%
1999 5.95% 0.61%
1998 8.63% 3.09%
1997 9.66% 3.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jamaica/jordan | CC BY

Over the past 28 years, Jamaica has recorded an average annual inflation rate of 8.23%, compared with 2.91% in Jordan. In 2024, inflation was 5.41% in Jamaica and 1.56% in Jordan.

Top exports between countries

Jamaica
Export category Export value
Jordan
Export category Export value
Chemicals & pharma $379K
Textiles & consumer goods $71K
Metals $65K
Processed food, beverages & tobacco $52K
Raw materials & minerals $28K
Machinery & equipment $9K

Balance of trade

Jamaica Jordan
Current account balance
$679M
2024
-$3.13B
2024
Current account balance ranking
56/190
2024
158/190
2024
Current account balance, % of GDP
+3.08%
2024
-5.86%
2024
Goods imports
$6.07B
2024
$23.9B
2024
Goods exports
$1.87B
2024
$13.3B
2024
Service imports
$3.46B
2024
$6.5B
2024
Service exports
$5.26B
2024
$9.45B
2024
Imports of goods and services, % of GDP
52.1%
2019
57.1%
2024
Exports of goods and services, % of GDP
38%
2019
42.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jamaica Jordan
Economic freedom 68.2 59.3
Economic freedom ranking 48/197 104/197
Property rights 66.8 52.3
Government integrity 49.4 51
Judicial effectiveness 75.6 44
Tax burden 76.3 84.1
Government spending 76 67.2
Fiscal health 92.2 5.2
Business freedom 68.5 62.7
Labor freedom 59.2 51.3
Monetary freedom 74.2 81.2
Trade freedom 70.4 82
Investment freedom 60 70
Financial freedom 50 60

Economic freedom comparison by year

Jamaica
Jordan
1x
Year Economic freedom index
Jamaica Jordan
2026 68.2 59.3
2025 68.7 59.4
2024 68.1 58.3
2023 68.1 58.8
2022 67.4 60.1
2021 69 64.6
2020 68.5 66
2019 68.6 66.5
2018 69.1 64.9
2017 69.5 66.7
2016 67.5 68.3
2015 67.7 69.3
2014 66.7 69.2
2013 66.8 70.4
2012 65.1 69.9
2011 65.7 68.9
2010 65.5 66.1
2009 65.2 65.4
2008 65.7 64.1
2007 65.5 64.5
2006 66.4 63.7
2005 67 66.7
2004 66.7 66.1
2003 67 65.3
2002 61.7 66.2
2001 63.7 68.3
2000 65.5 67.5
1999 64.7 67.4
1998 67.1 66.8
1997 67.7 63.6
1996 66.7 60.8
1995 64.4 62.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jamaica/jordan | CC BY

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Jordan
Services, % of GDP
60%
2024
60.4%
2024
Industry, % of GDP
16.5%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
7.97%
2024
5.07%
2024
GNI, Atlas method
$20.5B
2024
$51.2B
2024
GNI per capita, PPP
$12,690
2024
$10,570
2024
Total reserves including gold
$5.63B
2024
$21.9B
2024
Total reserves ranking
93/177
2024
60/177
2024
Net foreign direct investment
-$304M
2024
-$1.58B
2024
Net inflows of foreign direct investment
$305M
2024
$1.63B
2024
Net outflows of foreign direct investment
$1.07M
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
8.64%
2024
Poverty at national poverty lines
8.2%
2023
14.2%
2020
Gross capital formation, % of GDP
22.6%
2019
25.2%
2021

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jamaica/jordan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1998, retrieved 2026-02-20)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.