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Economy of Jamaica vs Mauritius compared: GDP & Debt

Updated on by Georank team

Jamaica has a GDP of $22B compared to $14.9B for Mauritius, ranking 124/197 and 143/197 by economy size, respectively.

Jamaica has $14B in government debt (63.4% of GDP), compared to $13.6B (91.1% of GDP) in Mauritius.

Jamaica vs Mauritius GDP by year

Jamaica
Mauritius
1x
Year GDP, current $
Jamaica Mauritius
2024 $22,014,397,090 $14,937,861,786
2023 $21,418,804,320 $14,072,212,290
2022 $18,813,516,805 $12,936,444,123
2021 $15,963,885,376 $11,622,048,697
2020 $15,000,214,216 $11,566,111,138
2019 $17,026,269,263 $14,645,235,205
2018 $16,855,447,986 $14,957,535,716
2017 $15,783,583,237 $13,896,938,315
2016 $14,898,999,754 $12,757,680,847
2015 $14,963,589,916 $12,162,211,503
2014 $13,899,217,680 $13,230,490,082
2013 $14,264,205,153 $12,434,596,541
2012 $14,807,086,556 $11,832,323,837
2011 $14,444,661,522 $11,677,718,382
2010 $13,220,549,908 $10,144,716,155
2009 $12,120,458,115 $9,264,513,545
2008 $13,709,401,520 $10,127,777,060
2007 $12,799,600,047 $8,277,442,915
2006 $11,930,179,090 $7,137,710,413
2005 $11,243,865,778 $6,576,108,447
2004 $10,174,664,854 $6,667,418,752
2003 $9,430,234,811 $5,894,873,920
2002 $9,719,009,495 $4,906,494,249
2001 $9,194,727,831 $4,675,755,867
2000 $9,005,064,475 $4,726,108,622
1999 $8,887,057,997 $4,402,193,195
1998 $8,787,195,622 $4,225,813,976
1997 $8,400,041,724 $4,243,755,308
1996 $7,393,891,921 $4,481,489,762
1995 $6,577,520,643 $4,094,741,652
1994 $5,452,558,947 $3,606,050,873
1993 $5,440,075,676 $3,307,302,126
1992 $3,535,460,090 $3,267,677,814
1991 $4,106,207,649 $2,895,354,736
1990 $4,592,208,087 $2,689,212,760
1989 $4,404,937,853 $2,211,312,823
1988 $3,828,342,820 $2,163,252,449
1987 $3,287,007,322 $1,906,174,438
1986 $2,754,549,582 $1,482,601,552
1985 $2,100,239,019 $1,090,611,325
1984 $2,373,564,549 $1,054,564,759
1983 $3,619,262,277 $1,104,956,573
1982 $3,293,496,312 $1,092,923,636
1981 $2,979,027,966 $1,157,769,444
1980 $2,679,379,372 $1,147,027,924
1979 $2,425,064,229 $1,227,446,632
1978 $2,644,527,822 $1,029,040,323
1977 $3,249,733,140 $834,722,972
1976 $2,966,042,856 $713,510,052
1975 $2,860,442,750 $673,311,287
1974 $2,375,122,375 $669,894,030
1973 $1,905,917,553 $404,285,775
1972 $1,875,146,587 $318,664,900
1971 $1,539,861,816 $251,437,338
1970 $1,404,720,442 $224,125,805
1969 $1,191,239,047 $221,553,613
1968 $1,083,839,133 $206,576,631
1967 $1,148,014,311 $238,439,291
1966 $1,096,759,561 $227,534,083
1965 $972,159,611 $230,024,161
1964 $897,949,001 $218,914,569
1963 $826,706,669 $253,839,558
1962 $777,727,689 $197,738,208
1961 $748,043,501 $191,757,729
1960 $699,064,380 $162,089,564

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

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

GDP per capita in Jamaica vs Mauritius by year

Jamaica
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,754 $12,890 $11,991 $31,840
2023 $7,542 $12,651 $11,270 $29,561
2022 $6,626 $11,888 $10,247 $26,874
2021 $5,626 $10,431 $9,178 $23,010
2020 $5,299 $9,764 $9,136 $21,622
2019 $6,031 $10,845 $11,568 $24,375
2018 $5,977 $10,753 $11,819 $23,416
2017 $5,605 $10,466 $10,987 $22,898
2016 $5,302 $9,948 $10,095 $21,952
2015 $5,339 $9,476 $9,631 $20,270
2014 $4,975 $9,210 $10,490 $19,294
2013 $5,124 $9,101 $9,877 $18,435
2012 $5,341 $8,831 $9,422 $17,259
2011 $5,233 $8,809 $9,324 $16,884
2010 $4,810 $8,521 $8,113 $15,920
2009 $4,428 $8,580 $7,427 $15,105
2008 $5,030 $8,952 $8,141 $14,569
2007 $4,716 $8,893 $6,677 $13,612
2006 $4,417 $8,577 $5,784 $12,593
2005 $4,184 $8,127 $5,354 $11,703
2004 $3,808 $7,854 $5,461 $11,216
2003 $3,550 $7,593 $4,858 $10,535
2002 $3,681 $7,226 $4,073 $9,824
2001 $3,504 $7,019 $3,909 $9,586
2000 $3,453 $6,816 $3,982 $9,143
1999 $3,432 $6,653 $3,746 $8,344
1998 $3,419 $6,543 $3,642 $8,121
1997 $3,297 $6,682 $3,696 $7,651
1996 $2,929 $6,706 $3,952 $7,206
1995 $2,631 $6,657 $3,648 $6,771
1994 $2,203 $6,435 $3,240 $6,414
1993 $2,221 $6,279 $3,014 $6,116
1992 $1,458 $5,664 $3,013 $5,753
1991 $1,710 $5,485 $2,705 $5,351
1990 $1,930 $5,106 $2,540 $5,010
1989 $1,865 - $2,103 -
1988 $1,632 - $2,074 -
1987 $1,411 - $1,840 -
1986 $1,191 - $1,442 -
1985 $917 - $1,069 -
1984 $1,048 - $1,042 -
1983 $1,619 - $1,103 -
1982 $1,494 - $1,101 -
1981 $1,370 - $1,181 -
1980 $1,249 - $1,187 -
1979 $1,144 - $1,292 -
1978 $1,262 - $1,102 -
1977 $1,569 - $906 -
1976 $1,450 - $787 -
1975 $1,417 - $755 -
1974 $1,193 - $763 -
1973 $972 - $467 -
1972 $971 - $374 -
1971 $809 - $299.6 -
1970 $748 - $271.3 -
1969 $642 - $272.7 -
1968 $591 - $258.7 -
1967 $633 - $304 -
1966 $612 - $296 -
1965 $549 - $305 -
1964 $514 - $297.3 -
1963 $480 - $353 -
1962 $458 - $282.3 -
1961 $447 - $281.7 -
1960 $424 - $238.3 -

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

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

Jamaica's GDP per capita is $7,754, ranking 95/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Mauritius ranks 71st at $31,840.

Economic indicators

Jamaica Mauritius
Gross domestic product
$22B
2024
$14.9B
2024
GDP rank
124/197
2024
143/197
2024
GDP growth
-0.54%
2023-2024
4.93%
2023-2024
GDP per capita
$7,754
2024
$11,991
2024
GDP per capita rank
95/197
2024
78/197
2024
GDP per capita, PPP
$12,890
2024
$31,840
2024
GDP per capita PPP rank
121/197
2024
71/197
2024
Government debt
$14B
2024
$13.6B
2024
Debt-to-GDP ratio
63.4%
2024
91.1%
2024
Government debt per person
$4,917
2024
$10,929
2024
Government debt per person rank
79/185
2024
54/185
2024
Average annual personal income after taxes
$6,905
2026
$7,203
2026
Market capitalization of domestic companies
$12.4B
2024
$9.12B
2024
Income share by richest 10%
29.6%
2021
29.9%
2017
Income share by poorest 10%
2.2%
2021
2.9%
2017
Government expenditure, % of GDP
30.5%
2024
33.7%
2024
Consumer prices inflation
5.41%
2023-2024
3.6%
2023-2024
Central bank interest rate
5.75%
2025
4.5%
2025
Unemployment rate
3.02%
2023
5.21%
2024
Population
2834980
1240121

Spending and national debt comparison by year

Jamaica
Spending

Debt
Mauritius
Spending

Debt
1x
Year % of GDP
Jamaica Mauritius
Government spending Government debt Government spending Government debt
2024 30.5% 63.4% 33.7% 91.1%
2023 28% 67.3% 29.9% 85.6%
2022 28.4% 73.5% 29.4% 86.9%
2021 29% 90.9% 30.8% 93.8%
2020 29.8% 100.1% 32.6% 93.4%
2019 27.8% 88.6% 27.8% 74.6%
2018 27.8% 89.2% 24.3% 64.1%
2017 27.3% 96.7% 24.3% 63%
2016 27% 109.1% 24% 64.3%
2015 26.3% 117.6% 24.5% 65%
2014 26.5% 136.7% 23% 60.6%
2013 26.9% 138.1% 24.1% 58.2%
2012 29.6% 143% 22.5% 55.9%
2011 31.7% 138.1% 23.7% 56.5%
2010 32.9% 140.1% 24% 56.4%
2009 38.6% 141.5% 25.2% 58.4%
2008 34.4% 125.6% 22.7% 49.4%
2007 31.6% 115.3% 21.5% 51.6%
2006 31.2% 118% 22.2% 59.3%
2005 29.3% 124.5% 23% 61.7%
2004 31.5% 120.1% 22.6% 61.1%
2003 32.5% 125.5% 23.4% 70.8%
2002 31.1% 119.1% 23.3% 66.7%
2001 28.5% 107.9% 22.4% 60.5%
2000 26.2% 91.3% 22.2% 59.7%
1999 28.9% 83.5% 27.5% -
1998 28.3% 75.6% 26.6% -
1997 28.3% 74.4% 27.5% -
1996 27.7% 70.2% 27.4% -
1995 23.1% 85.2% 27.3% -
1994 21.5% 90.4% 27.5% -
1993 21.5% 106.2% 24.5% -
1992 20% 100.4% 26.8% -
1991 24.5% 175.1% 27.2% -
1990 25.7% 128.8% 30.2% -

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

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

In 2024, Jamaica's government spending was $6.72B, accounting for 30.5% of its GDP, while Mauritius spent $5.03B, or 33.7% of GDP.

Debt-to-GDP ratio is 63.4% in Jamaica and 91.1% in Mauritius, ranking 73/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Mauritius
1x
Year Deficit/surplus, % of GDP
Jamaica Mauritius
2024 0.22% -7.47%
2023 0.04% -4.7%
2022 0.27% -3.34%
2021 0.89% -4.45%
2020 -2.83% -10.6%
2019 0.85% -7.53%
2018 1.12% -2.19%
2017 0.43% -1.66%
2016 -0.19% -2.81%
2015 -0.28% -3.59%
2014 -0.49% -3.13%
2013 0.12% -3.4%
2012 -4.05% -1.78%
2011 -6.34% -3.09%
2010 -6.27% -3.07%
2009 -11.1% -3.41%
2008 -7.43% -2.66%
2007 -3.82% -3.09%
2006 -4.9% -4.14%
2005 -3.3% -4.44%
2004 -4.68% -4.34%
2003 -5.67% -4.82%
2002 -6.77% -5.18%
2001 -4.89% -5.53%
2000 -0.8% -4.4%
1999 -3.53% -
1998 -5.82% -
1997 -6.54% -
1996 -5.32% -
1995 1.6% -
1994 2.59% -
1993 2.6% -
1992 3.11% -
1991 3.87% -
1990 2.34% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/jamaica/mauritius | 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 Mauritius' deficit of $1.12B, or 7.47% of GDP.

Over the past 25 years, Jamaica recorded a fiscal deficit in 17 of those years, while Mauritius ran a deficit in 25 years. On average, Jamaica posted an annual deficit equal to 2.8% of GDP, compared to deficit of 4.19% of GDP for Mauritius.

Inflation comparison by year

Inflation
Jamaica

Mauritius
1x
Year Consumer prices inflation
Jamaica Mauritius
2024 5.41% 3.6%
2023 6.47% 7.05%
2022 10.3% 10.8%
2021 5.86% 4.03%
2020 5.23% 2.58%
2019 3.91% 0.41%
2018 3.74% 3.22%
2017 4.38% 3.67%
2016 2.35% 0.98%
2015 3.69% 1.29%
2014 8.27% 3.22%
2013 9.34% 3.54%
2012 6.87% 3.85%
2011 7.56% 6.52%
2010 12.6% 2.93%
2009 9.59% 2.52%
2008 22% 9.73%
2007 9.24% 8.83%
2006 8.56% 8.91%
2005 15.1% 4.94%
2004 13.6% 4.71%
2003 10.1% 3.92%
2002 7.08% 6.42%
2001 6.8% 5.39%
2000 8.17% 4.2%
1999 5.95% 6.91%
1998 8.63% 6.81%
1997 9.66% 6.83%

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

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

Over the past 28 years, Jamaica has recorded an average annual inflation rate of 8.23%, compared with 4.92% in Mauritius. In 2024, inflation was 5.41% in Jamaica and 3.6% in Mauritius.

Top exports between countries

Jamaica
Export category Export value
Processed food, beverages & tobacco $14K
Mauritius
Export category Export value
Machinery & equipment $2K

Balance of trade

Jamaica Mauritius
Current account balance
$679M
2024
-$1.05B
2024
Current account balance ranking
56/190
2024
126/190
2024
Current account balance, % of GDP
+3.08%
2024
-7.03%
2024
Goods imports
$6.07B
2024
$6.35B
2024
Goods exports
$1.87B
2024
$2.37B
2024
Service imports
$3.46B
2024
$2.28B
2024
Service exports
$5.26B
2024
$4.19B
2024
Imports of goods and services, % of GDP
52.1%
2019
78.3%
2024
Exports of goods and services, % of GDP
38%
2019
67.1%
2024

Economic freedom indices

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

Jamaica Mauritius
Economic freedom 68.2 73
Economic freedom ranking 48/197 26/197
Property rights 66.8 83.9
Government integrity 49.4 53.4
Judicial effectiveness 75.6 80.7
Tax burden 76.3 89.6
Government spending 76 73.8
Fiscal health 92.2 45.5
Business freedom 68.5 81.5
Labor freedom 59.2 69.6
Monetary freedom 74.2 70.7
Trade freedom 70.4 87
Investment freedom 60 70
Financial freedom 50 70

Economic freedom comparison by year

Jamaica
Mauritius
1x
Year Economic freedom index
Jamaica Mauritius
2026 68.2 73
2025 68.7 75
2024 68.1 71.5
2023 68.1 70.6
2022 67.4 70.9
2021 69 77
2020 68.5 74.9
2019 68.6 73
2018 69.1 75.1
2017 69.5 74.7
2016 67.5 74.7
2015 67.7 76.4
2014 66.7 76.5
2013 66.8 76.9
2012 65.1 77
2011 65.7 76.2
2010 65.5 76.3
2009 65.2 74.3
2008 65.7 72.6
2007 65.5 69.4
2006 66.4 67.4
2005 67 67.2
2004 66.7 64.3
2003 67 64.4
2002 61.7 67.7
2001 63.7 66.4
2000 65.5 67.2
1999 64.7 68.5
1998 67.1 -
1997 67.7 -
1996 66.7 -
1995 64.4 -

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

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 73 for Mauritius, ranking 26/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Mauritius
Services, % of GDP
60%
2024
64.4%
2024
Industry, % of GDP
16.5%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
7.97%
2024
4.23%
2024
GNI, Atlas method
$20.5B
2024
$16.2B
2024
GNI per capita, PPP
$12,690
2024
$35,100
2024
Total reserves including gold
$5.63B
2024
$8.51B
2024
Total reserves ranking
93/177
2024
83/177
2024
Net foreign direct investment
-$304M
2024
$963M
2024
Net inflows of foreign direct investment
$305M
2024
$681M
2024
Net outflows of foreign direct investment
$1.07M
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
10.1%
2024
Poverty at national poverty lines
8.2%
2023
8.4%
2023
Gross capital formation, % of GDP
22.6%
2019
21.2%
2024

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/mauritius | CC BY

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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 (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.