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Economy of Jamaica vs Moldova compared: GDP & Debt

Updated on by Georank

Jamaica has a GDP of $22.7B compared to $20.4B for Moldova, ranking 125/197 and 133/197 by economy size, respectively.

Jamaica has $15.4B in government debt (67.7% of GDP), compared to $7.45B (36.6% of GDP) in Moldova.

Jamaica vs Moldova GDP by year

Jamaica
Moldova
1x
Year GDP, current $
Jamaica Moldova
2025 $22,704,903,218 $20,351,796,275
2024 $22,014,429,051 $18,206,842,141
2023 $21,418,797,833 $16,711,906,746
2022 $18,813,516,805 $14,525,337,524
2021 $15,963,885,376 $13,691,869,264
2020 $15,000,214,216 $11,530,746,234
2019 $17,026,269,263 $11,736,797,055
2018 $16,855,447,986 $11,252,353,421
2017 $15,783,583,237 $9,514,404,016
2016 $14,898,999,754 $7,980,917,076
2015 $14,963,589,916 $7,797,667,197
2014 $13,899,217,680 $9,402,090,138
2013 $14,264,205,153 $9,496,717,876
2012 $14,807,086,556 $8,709,138,635
2011 $14,444,661,522 $8,414,352,020
2010 $13,220,549,908 $6,974,982,370
2009 $12,120,458,115 $5,439,434,272
2008 $13,709,401,520 $6,054,824,248
2007 $12,799,600,047 $4,401,173,152
2006 $11,930,179,090 $3,408,255,451
2005 $11,243,865,778 $2,988,342,907
2004 $10,174,664,854 $2,598,249,556
2003 $9,430,234,811 $1,980,907,435
2002 $9,719,009,495 $1,661,818,168
2001 $9,194,727,831 $1,480,673,594
2000 $9,005,064,475 $1,288,429,392
1999 $8,887,057,997 $1,170,782,957
1998 $8,787,195,622 $1,698,717,505
1997 $8,400,041,724 $1,930,081,169
1996 $7,393,891,921 $1,695,122,174
1995 $6,577,520,643 $1,752,999,370
1994 $5,452,558,947 $1,702,314,268
1993 $5,440,075,676 $2,371,813,324
1992 $3,535,460,090 $2,319,243,436
1991 $4,106,207,649 $3,094,565,871
1990 $4,592,208,087 $3,592,857,043
1989 $4,404,937,853 -
1988 $3,828,342,820 -
1987 $3,287,007,322 -
1986 $2,754,549,582 -
1985 $2,100,239,019 -
1984 $2,373,564,549 -
1983 $3,619,262,277 -
1982 $3,293,496,312 -
1981 $2,979,027,966 -
1980 $2,679,379,372 -
1979 $2,425,064,229 -
1978 $2,644,527,822 -
1977 $3,249,733,140 -
1976 $2,966,042,856 -
1975 $2,860,442,750 -
1974 $2,375,122,375 -
1973 $1,905,917,553 -
1972 $1,875,146,587 -
1971 $1,539,861,816 -
1970 $1,404,720,442 -
1969 $1,191,239,047 -
1968 $1,083,839,133 -
1967 $1,148,014,311 -
1966 $1,096,759,561 -
1965 $972,159,611 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Jamaica vs Moldova by year

Jamaica
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,003 - $8,622 -
2024 $7,754 $12,890 $7,579 $18,615
2023 $7,542 $12,651 $6,800 $17,747
2022 $6,626 $11,888 $5,744 $16,453
2021 $5,626 $10,431 $5,275 $15,682
2020 $5,299 $9,764 $4,376 $13,527
2019 $6,031 $10,845 $4,405 $13,413
2018 $5,977 $10,753 $4,156 $11,868
2017 $5,605 $10,466 $3,453 $11,252
2016 $5,302 $9,948 $2,847 $10,326
2015 $5,339 $9,476 $2,750 $9,198
2014 $4,975 $9,210 $3,290 $8,643
2013 $5,124 $9,101 $3,321 $8,233
2012 $5,341 $8,831 $3,045 $7,255
2011 $5,233 $8,809 $2,941 $6,833
2010 $4,810 $8,521 $2,437 $6,323
2009 $4,428 $8,580 $1,898 $5,827
2008 $5,030 $8,952 $2,111 $6,153
2007 $4,716 $8,893 $1,531 $5,590
2006 $4,417 $8,577 $1,183 $5,271
2005 $4,184 $8,127 $1,034 $4,866
2004 $3,808 $7,854 $897 $4,378
2003 $3,550 $7,593 $682 $3,960
2002 $3,681 $7,226 $571 $3,633
2001 $3,504 $7,019 $507 $3,311
2000 $3,453 $6,816 $441 $3,045
1999 $3,432 $6,653 $399 $2,910
1998 $3,419 $6,543 $579 $2,965
1997 $3,297 $6,682 $657 $3,136
1996 $2,929 $6,706 $575 $3,021
1995 $2,631 $6,657 $594 $3,146
1994 $2,203 $6,435 $574 $3,111
1993 $2,221 $6,279 $797 $4,394
1992 $1,458 $5,664 $778 $4,337
1991 $1,710 $5,485 $1,038 $5,980
1990 $1,930 $5,106 $1,207 $6,895
1989 $1,865 - - -
1988 $1,632 - - -
1987 $1,411 - - -
1986 $1,191 - - -
1985 $917 - - -
1984 $1,048 - - -
1983 $1,619 - - -
1982 $1,494 - - -
1981 $1,370 - - -
1980 $1,249 - - -
1979 $1,144 - - -
1978 $1,262 - - -
1977 $1,569 - - -
1976 $1,450 - - -
1975 $1,417 - - -
1974 $1,193 - - -
1973 $972 - - -
1972 $971 - - -
1971 $809 - - -
1970 $748 - - -
1969 $642 - - -
1968 $591 - - -
1967 $633 - - -
1966 $612 - - -
1965 $549 - - -
1964 $514 - - -
1963 $480 - - -
1962 $458 - - -
1961 $447 - - -
1960 $424 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Jamaica's GDP per capita is $8,003, ranking 98/197, compared to $8,622 in Moldova, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Moldova ranks 100th at $18,615.

Economic indicators

Jamaica Moldova
Gross domestic product
$22.7B
2025
$20.4B
2025
GDP rank
125/197
2025
133/197
2025
GDP growth
0.08%
2024-2025
2.42%
2024-2025
GDP per capita
$8,003
2025
$8,622
2025
GDP per capita rank
98/197
2025
93/197
2025
GDP per capita, PPP
$12,890
2024
$18,615
2024
GDP per capita PPP rank
121/197
2024
100/197
2024
Government debt
$15.4B
2025
$7.45B
2025
Debt-to-GDP ratio
67.7%
2025
36.6%
2025
Government debt per person
$5,419
2025
$3,158
2025
Government debt per person rank
80/185
2025
103/185
2025
Average annual personal income after taxes
$8,390
2026
$4,301
2026
Market capitalization of domestic companies
$11.6B
2025
n/a
Income share by richest 10%
29.6%
2021
22.8%
2023
Income share by poorest 10%
2.2%
2021
4.3%
2023
Government expenditure, % of GDP
33.8%
2025
39.4%
2025
Consumer prices inflation
4%
2024-2025
7.76%
2024-2025
Central bank interest rate
5.75%
2025
6.5%
2026
Unemployment rate
3.02%
2023
1.28%
2025
Population
2834177
2328600

Spending and national debt comparison by year

Jamaica
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Jamaica Moldova
Government spending Government debt Government spending Government debt
2025 33.8% 67.7% 39.4% 36.6%
2024 30.1% 62.5% 38% 38.8%
2023 27.7% 66.5% 38.8% 34.9%
2022 27.1% 70.2% 36.6% 35%
2021 27.6% 86.3% 34.6% 33.6%
2020 30.1% 101.3% 36.7% 36.6%
2019 27.5% 87.7% 32% 28.8%
2018 27.5% 88.3% 31.5% 31.8%
2017 26.9% 95.1% 31% 34.9%
2016 26.5% 106.9% 30.5% 39.7%
2015 25.9% 115.9% 31.7% 42.1%
2014 26.1% 134.4% 33.8% 35.4%
2013 26.3% 135.2% 32.4% 30%
2012 29.1% 140.3% 33.7% 31.3%
2011 31.2% 135.9% 32.6% 24.2%
2010 32.3% 137.8% 34.1% 25.5%
2009 37.7% 138.3% 45.3% 32.6%
2008 33.9% 123.8% 41.5% 22.2%
2007 30.6% 111.6% 42.7% 28.3%
2006 30.1% 114.2% 40.3% 35%
2005 28.6% 121.5% 37.1% 40.4%
2004 30.7% 116.9% 34.8% 49.3%
2003 31.1% 120.1% 33.5% 68.1%
2002 30.1% 115.4% 30.7% 80.3%
2001 27.8% 105.3% 29.5% 85.4%
2000 25.7% 89.5% 34% 89.1%
1999 27.9% 80.7% 33% 150.7%
1998 27.9% 75.6% 39.1% 159.4%
1997 27.6% 74.4% 46% 89%
1996 27.4% 70.2% 43.3% 87.5%
1995 22.1% 85.2% 42% 79.5%
1994 19.9% 90.4% - -
1993 19.6% 106.2% - -
1992 18.2% 100.4% - -
1991 19.9% 175.1% - -
1990 22.6% 128.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-07-08).

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

In 2025, Jamaica's government spending was $7.68B, accounting for 33.8% of its GDP, while Moldova spent $8.02B, or 39.4% of GDP.

Debt-to-GDP ratio is 67.7% in Jamaica and 36.6% in Moldova, ranking 62/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Moldova
1x
Year Deficit/surplus, % of GDP
Jamaica Moldova
2025 -3.77% -3.87%
2024 0.22% -4.02%
2023 0.04% -5.13%
2022 0.26% -3.24%
2021 0.84% -2.62%
2020 -2.87% -5.32%
2019 0.85% -1.47%
2018 1.1% -0.85%
2017 0.42% -0.65%
2016 -0.18% -1.56%
2015 -0.28% -1.93%
2014 -0.48% -1.6%
2013 0.12% -1.57%
2012 -3.97% -1.93%
2011 -6.24% -2.05%
2010 -6.17% -2.18%
2009 -10.8% -6.38%
2008 -7.32% -0.87%
2007 -3.7% 0.15%
2006 -4.74% -0.42%
2005 -3.22% 1.44%
2004 -4.56% 0.59%
2003 -5.42% 0.47%
2002 -6.55% -1.18%
2001 -4.77% -0.34%
2000 -0.78% -3.55%
1999 -3.41% -2.64%
1998 -5.73% -1.52%
1997 -6.39% -7.47%
1996 -5.25% -7.42%
1995 1.53% -2.58%
1994 2.4% -
1993 2.37% -
1992 2.83% -
1991 3.14% -
1990 2.06% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Jamaica's government deficit, the difference between spending and revenue, was $856M, equivalent to 3.77% of GDP. This compares to Moldova's deficit of $788M, or 3.87% of GDP.

Over the past 31 years, Jamaica recorded a fiscal deficit in 22 of those years, while Moldova ran a deficit in 27 years. On average, Jamaica posted an annual deficit equal to 2.94% of GDP, compared to deficit of 2.31% of GDP for Moldova.

Inflation comparison by year

Inflation
Jamaica

Moldova
1x
Year Consumer prices inflation
Jamaica Moldova
2025 4% 7.76%
2024 5.41% 4.68%
2023 6.47% 13.4%
2022 10.3% 28.7%
2021 5.86% 5.11%
2020 5.23% 3.77%
2019 3.91% 4.84%
2018 3.74% 3.05%
2017 4.38% 6.57%
2016 2.35% 6.36%
2015 3.69% 9.68%
2014 8.27% 5.09%
2013 9.34% 4.6%
2012 6.87% 4.55%
2011 7.56% 7.69%
2010 12.6% 7.48%
2009 9.59% -0.06%
2008 22% 12.8%
2007 9.24% 12.4%
2006 8.56% 12.8%
2005 15.1% 12%
2004 13.6% 12.5%
2003 10.1% 11.7%
2002 7.08% 5.3%
2001 6.8% 9.76%
2000 8.17% 31.3%
1999 5.95% 39.3%
1998 8.63% 7.7%
1997 9.66% 11.8%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.08%, compared with 10.4% in Moldova. In 2025, inflation was 4% in Jamaica and 7.76% in Moldova.

Top exports between countries

Jamaica
Export category Export value
Moldova
Export category Export value
Processed food, beverages & tobacco $26K
Raw agricultural goods $6K

Balance of trade

Jamaica Moldova
Current account balance
$679M
2024
-$4B
2025
Current account balance ranking
53/190
2024
158/190
2025
Current account balance, % of GDP
+3.08%
2024
-19.6%
2025
Goods imports
$6.07B
2024
$10.1B
2025
Goods exports
$1.87B
2024
$3.23B
2025
Service imports
$3.46B
2024
$2.17B
2025
Service exports
$5.26B
2024
$3.22B
2025
Imports of goods and services, % of GDP
52.1%
2019
60.9%
2025
Exports of goods and services, % of GDP
38%
2019
31.8%
2025

Economic freedom indices

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

Jamaica Moldova
Economic freedom 68.2 58.1
Economic freedom ranking 48/197 112/197
Property rights 66.8 40.4
Government integrity 49.4 45.1
Judicial effectiveness 75.6 32.4
Tax burden 76.3 87.9
Government spending 76 57.2
Fiscal health 92.2 70.3
Business freedom 68.5 68.3
Labor freedom 59.2 48.1
Monetary freedom 74.2 66
Trade freedom 70.4 76.8
Investment freedom 60 55
Financial freedom 50 50

Economic freedom comparison by year

Jamaica
Moldova
1x
Year Economic freedom index
Jamaica Moldova
2026 68.2 58.1
2025 68.7 58.3
2024 68.1 57.1
2023 68.1 58.5
2022 67.4 61.3
2021 69 62.5
2020 68.5 62
2019 68.6 59.1
2018 69.1 58.4
2017 69.5 58
2016 67.5 57.4
2015 67.7 57.5
2014 66.7 57.3
2013 66.8 55.5
2012 65.1 54.4
2011 65.7 55.7
2010 65.5 53.7
2009 65.2 54.9
2008 65.7 57.9
2007 65.5 58.7
2006 66.4 58
2005 67 57.4
2004 66.7 57.1
2003 67 60
2002 61.7 57.4
2001 63.7 54.9
2000 65.5 59.6
1999 64.7 56.1
1998 67.1 53.5
1997 67.7 48.9
1996 66.7 52.5
1995 64.4 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Moldova
Services, % of GDP
59.8%
2025
61.5%
2025
Industry, % of GDP
16.3%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
8.74%
2025
7.38%
2025
GNI, Atlas method
$22.1B
2025
$19B
2025
GNI per capita, PPP
$13,090
2025
$19,990
2025
Total reserves including gold
$6.3B
2025
$6.01B
2025
Total reserves ranking
92/177
2025
97/177
2025
Net foreign direct investment
-$304M
2024
-$360M
2025
Net inflows of foreign direct investment
$305M
2024
$458M
2024
Net outflows of foreign direct investment
$1.07M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
6.22%
2024
Poverty at national poverty lines
8.2%
2023
31.6%
2023
Gross capital formation, % of GDP
22.6%
2019
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.