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Economy of Jamaica vs Morocco compared: GDP & Debt

Updated on by Georank

Jamaica has a GDP of $22.7B compared to $182B for Morocco, ranking 125/197 and 58/197 by economy size, respectively.

Jamaica has $15.4B in government debt (67.7% of GDP), compared to $122B (67.1% of GDP) in Morocco.

Jamaica vs Morocco GDP by year

Jamaica
Morocco
1x
Year GDP, current $
Jamaica Morocco
2025 $22,704,903,218 $182,374,250,612
2024 $22,014,429,051 $160,610,994,055
2023 $21,418,797,833 $146,036,093,667
2022 $18,813,516,805 $131,245,312,804
2021 $15,963,885,376 $142,022,058,447
2020 $15,000,214,216 $121,353,645,057
2019 $17,026,269,263 $128,920,266,409
2018 $16,855,447,986 $127,341,147,582
2017 $15,783,583,237 $118,540,573,368
2016 $14,898,999,754 $111,572,947,005
2015 $14,963,589,916 $110,413,823,842
2014 $13,899,217,680 $119,130,841,412
2013 $14,264,205,153 $115,739,287,305
2012 $14,807,086,556 $106,937,392,311
2011 $14,444,661,522 $110,080,631,332
2010 $13,220,549,908 $100,865,329,473
2009 $12,120,458,115 $101,154,952,241
2008 $13,709,401,520 $101,822,906,949
2007 $12,799,600,047 $86,947,913,287
2006 $11,930,179,090 $75,883,823,301
2005 $11,243,865,778 $68,852,658,069
2004 $10,174,664,854 $66,114,145,451
2003 $9,430,234,811 $58,029,363,354
2002 $9,719,009,495 $47,077,192,188
2001 $9,194,727,831 $43,831,480,208
2000 $9,005,064,475 $43,017,455,402
1999 $8,887,057,997 $46,266,428,648
1998 $8,787,195,622 $46,497,608,725
1997 $8,400,041,724 $39,147,844,526
1996 $7,393,891,921 $43,161,571,528
1995 $6,577,520,643 $39,030,285,468
1994 $5,452,558,947 $35,604,137,423
1993 $5,440,075,676 $31,655,473,664
1992 $3,535,460,090 $33,711,069,431
1991 $4,106,207,649 $32,285,573,574
1990 $4,592,208,087 $30,179,954,775
1989 $4,404,937,853 $26,314,313,191
1988 $3,828,342,820 $25,705,296,184
1987 $3,287,007,322 $21,765,195,948
1986 $2,754,549,582 $19,462,085,540
1985 $2,100,239,019 $14,991,283,216
1984 $2,373,564,549 $14,824,667,954
1983 $3,619,262,277 $16,251,408,128
1982 $3,293,496,312 $17,692,276,734
1981 $2,979,027,966 $17,788,185,479
1980 $2,679,379,372 $21,728,516,153
1979 $2,425,064,229 $15,911,994,817
1978 $2,644,527,822 $13,236,946,234
1977 $3,249,733,140 $11,049,783,872
1976 $2,966,042,856 $9,584,297,284
1975 $2,860,442,750 $8,984,853,005
1974 $2,375,122,375 $7,675,466,449
1973 $1,905,917,553 $6,242,145,880
1972 $1,875,146,587 $5,074,117,545
1971 $1,539,861,816 $4,356,669,034
1970 $1,404,720,442 $3,956,336,244
1969 $1,191,239,047 $3,651,622,669
1968 $1,083,839,133 $3,271,422,333
1967 $1,148,014,311 $3,046,345,314
1966 $1,096,759,561 $2,876,401,297
1965 $972,159,611 $2,948,331,090
1964 $897,949,001 $2,798,345,299
1963 $826,706,669 $2,657,252,578
1962 $777,727,689 $2,379,611,125
1961 $748,043,501 $2,025,693,540
1960 $699,064,380 $2,037,154,742

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

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

GDP per capita in Jamaica vs Morocco by year

Jamaica
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,003 - $4,746 -
2024 $7,754 $12,890 $4,218 $10,415
2023 $7,542 $12,651 $3,872 $9,895
2022 $6,626 $11,888 $3,516 $9,310
2021 $5,626 $10,431 $3,843 $8,623
2020 $5,299 $9,764 $3,317 $7,705
2019 $6,031 $10,845 $3,560 $8,046
2018 $5,977 $10,753 $3,553 $7,801
2017 $5,605 $10,466 $3,344 $8,115
2016 $5,302 $9,948 $3,186 $7,853
2015 $5,339 $9,476 $3,190 $7,799
2014 $4,975 $9,210 $3,483 $7,237
2013 $5,124 $9,101 $3,425 $7,542
2012 $5,341 $8,831 $3,206 $7,308
2011 $5,233 $8,809 $3,345 $7,274
2010 $4,810 $8,521 $3,107 $6,849
2009 $4,428 $8,580 $3,158 $6,629
2008 $5,030 $8,952 $3,222 $6,437
2007 $4,716 $8,893 $2,788 $6,058
2006 $4,417 $8,577 $2,466 $5,781
2005 $4,184 $8,127 $2,268 $5,275
2004 $3,808 $7,854 $2,207 $5,025
2003 $3,550 $7,593 $1,962 $4,741
2002 $3,681 $7,226 $1,612 $4,436
2001 $3,504 $7,019 $1,521 $4,269
2000 $3,453 $6,816 $1,513 $3,930
1999 $3,432 $6,653 $1,651 $3,801
1998 $3,419 $6,543 $1,683 $3,740
1997 $3,297 $6,682 $1,439 $3,502
1996 $2,929 $6,706 $1,610 $3,551
1995 $2,631 $6,657 $1,478 $3,152
1994 $2,203 $6,435 $1,369 $3,315
1993 $2,221 $6,279 $1,236 $2,979
1992 $1,458 $5,664 $1,337 $2,979
1991 $1,710 $5,485 $1,302 $3,025
1990 $1,930 $5,106 $1,238 $2,777
1989 $1,865 - $1,099 -
1988 $1,632 - $1,094 -
1987 $1,411 - $944 -
1986 $1,191 - $861 -
1985 $917 - $678 -
1984 $1,048 - $687 -
1983 $1,619 - $772 -
1982 $1,494 - $862 -
1981 $1,370 - $890 -
1980 $1,249 - $1,117 -
1979 $1,144 - $839 -
1978 $1,262 - $716 -
1977 $1,569 - $613 -
1976 $1,450 - $545 -
1975 $1,417 - $524 -
1974 $1,193 - $459 -
1973 $972 - $382 -
1972 $971 - $319 -
1971 $809 - $280.6 -
1970 $748 - $261.5 -
1969 $642 - $247.8 -
1968 $591 - $228 -
1967 $633 - $218.1 -
1966 $612 - $211.5 -
1965 $549 - $222.7 -
1964 $514 - $216.9 -
1963 $480 - $211.3 -
1962 $458 - $194.2 -
1961 $447 - $169.8 -
1960 $424 - $175.2 -

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

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

Jamaica's GDP per capita is $8,003, ranking 98/197, compared to $4,746 in Morocco, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Morocco ranks 132nd at $10,415.

Economic indicators

Jamaica Morocco
Gross domestic product
$22.7B
2025
$182B
2025
GDP rank
125/197
2025
58/197
2025
GDP growth
0.08%
2024-2025
4.6%
2024-2025
GDP per capita
$8,003
2025
$4,746
2025
GDP per capita rank
98/197
2025
126/197
2025
GDP per capita, PPP
$12,890
2024
$10,415
2024
GDP per capita PPP rank
121/197
2024
132/197
2024
Government debt
$15.4B
2025
$122B
2025
Debt-to-GDP ratio
67.7%
2025
67.1%
2025
Government debt per person
$5,419
2025
$3,183
2025
Government debt per person rank
80/185
2025
102/185
2025
Average annual personal income after taxes
$8,390
2026
$4,045
2026
Market capitalization of domestic companies
$11.6B
2025
$114B
2025
Number of billionaires n/a
3
2026
Income share by richest 10%
29.6%
2021
31.9%
2013
Income share by poorest 10%
2.2%
2021
2.7%
2013
Government expenditure, % of GDP
33.8%
2025
31.3%
2025
Consumer prices inflation
4%
2024-2025
0.7%
2024-2025
Central bank interest rate
5.75%
2025
2.25%
2025
Unemployment rate
3.02%
2023
11.8%
2022
Population
2834177
38938817

Spending and national debt comparison by year

Jamaica
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Jamaica Morocco
Government spending Government debt Government spending Government debt
2025 33.8% 67.7% 31.3% 67.1%
2024 30.1% 62.5% 30.9% 67.7%
2023 27.7% 66.5% 30.2% 68.7%
2022 27.1% 70.2% 31.8% 71.4%
2021 27.6% 86.3% 30.1% 69.4%
2020 30.1% 101.3% 34.1% 72.2%
2019 27.5% 87.7% 27% 60.3%
2018 27.5% 88.3% 27.8% 60.5%
2017 26.9% 95.1% 27.9% 60.3%
2016 26.5% 106.9% 28.6% 60.1%
2015 25.9% 115.9% 28.5% 58.4%
2014 26.1% 134.4% 30.7% 58.6%
2013 26.3% 135.2% 30.4% 57.1%
2012 29.1% 140.3% 32.5% 52.3%
2011 31.2% 135.9% 31.2% 48.6%
2010 32.3% 137.8% 28.7% 45.3%
2009 37.7% 138.3% 28.1% 42.6%
2008 33.9% 123.8% 28.3% 42%
2007 30.6% 111.6% 26.4% 47.1%
2006 30.1% 114.2% 26% 50.6%
2005 28.6% 121.5% 28.6% 54.8%
2004 30.7% 116.9% 24.5% 54.4%
2003 31.1% 120.1% 24.1% 56.9%
2002 30.1% 115.4% 25.8% 59.4%
2001 27.8% 105.3% 23.7% 60.4%
2000 25.7% 89.5% 22.8% 64.9%
1999 27.9% 80.7% 18.4% 63.4%
1998 27.9% 75.6% 18.7% 64.5%
1997 27.6% 74.4% 18.6% 68%
1996 27.4% 70.2% 17.6% 65.3%
1995 22.1% 85.2% 21.3% 72.2%
1994 19.9% 90.4% 21.7% 69.3%
1993 19.6% 106.2% 23.1% 74.7%
1992 18.2% 100.4% 22.3% 67%
1991 19.9% 175.1% 20.8% 59.1%
1990 22.6% 128.8% 22.6% 70.5%

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/morocco | CC BY

In 2025, Jamaica's government spending was $7.68B, accounting for 33.8% of its GDP, while Morocco spent $57B, or 31.3% of GDP.

Debt-to-GDP ratio is 67.7% in Jamaica and 67.1% in Morocco, ranking 62/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Morocco
1x
Year Deficit/surplus, % of GDP
Jamaica Morocco
2025 -3.77% -3.54%
2024 0.22% -3.92%
2023 0.04% -4.41%
2022 0.26% -5.37%
2021 0.84% -5.92%
2020 -2.87% -7.15%
2019 0.85% -3.8%
2018 1.1% -3.52%
2017 0.42% -3.3%
2016 -0.18% -4.49%
2015 -0.28% -4.59%
2014 -0.48% -4.78%
2013 0.12% -4.7%
2012 -3.97% -6.63%
2011 -6.24% -6.08%
2010 -6.17% -3.93%
2009 -10.8% -1.63%
2008 -7.32% 0.63%
2007 -3.7% -0.12%
2006 -4.74% -1.8%
2005 -3.22% -5.46%
2004 -4.56% -3.31%
2003 -5.42% -3.74%
2002 -6.55% -4.37%
2001 -4.77% -3.79%
2000 -0.78% -1.97%
1999 -3.41% 3.21%
1998 -5.73% 1.47%
1997 -6.39% 1.5%
1996 -5.25% 0.87%
1995 1.53% -2.54%
1994 2.4% -2.51%
1993 2.37% -2%
1992 2.83% -1.84%
1991 3.14% -0.9%
1990 2.06% -1.32%

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

GeoRank.org/economy/jamaica/morocco | 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 Morocco's deficit of $6.46B, or 3.54% of GDP.

Over the past 36 years, Jamaica recorded a fiscal deficit in 22 of those years, while Morocco ran a deficit in 31 years. On average, Jamaica posted an annual deficit equal to 2.18% of GDP, compared to deficit of 2.94% of GDP for Morocco.

Inflation comparison by year

Inflation
Jamaica

Morocco
1x
Year Consumer prices inflation
Jamaica Morocco
2025 4% 0.7%
2024 5.41% 0.99%
2023 6.47% 6.09%
2022 10.3% 6.66%
2021 5.86% 1.4%
2020 5.23% 0.71%
2019 3.91% 0.3%
2018 3.74% 1.8%
2017 4.38% 0.75%
2016 2.35% 1.64%
2015 3.69% 1.56%
2014 8.27% 0.44%
2013 9.34% 1.88%
2012 6.87% 1.29%
2011 7.56% 0.91%
2010 12.6% 0.99%
2009 9.59% 0.97%
2008 22% 3.71%
2007 9.24% 2.04%
2006 8.56% 3.28%
2005 15.1% 0.98%
2004 13.6% 1.49%
2003 10.1% 1.17%
2002 7.08% 2.8%
2001 6.8% 0.62%
2000 8.17% 1.89%
1999 5.95% 0.68%
1998 8.63% 2.75%
1997 9.66% 1.04%

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

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

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.08%, compared with 1.78% in Morocco. In 2025, inflation was 4% in Jamaica and 0.7% in Morocco.

Top exports between countries

Jamaica
Export category Export value
Morocco
Export category Export value
Raw materials & minerals $769K
Processed food, beverages & tobacco $646K
Metals $39K
Textiles & consumer goods $6K
Chemicals & pharma $4K

Balance of trade

Jamaica Morocco
Current account balance
$679M
2024
-$4.56B
2025
Current account balance ranking
53/190
2024
163/190
2025
Current account balance, % of GDP
+3.08%
2024
-2.5%
2025
Goods imports
$6.07B
2024
$77.2B
2025
Goods exports
$1.87B
2024
$43.7B
2025
Service imports
$3.46B
2024
$16.7B
2025
Service exports
$5.26B
2024
$33.6B
2025
Imports of goods and services, % of GDP
52.1%
2019
51.1%
2025
Exports of goods and services, % of GDP
38%
2019
42%
2025

Economic freedom indices

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

Jamaica Morocco
Economic freedom 68.2 61.8
Economic freedom ranking 48/197 91/197
Property rights 66.8 55.2
Government integrity 49.4 35.6
Judicial effectiveness 75.6 32.5
Tax burden 76.3 65.5
Government spending 76 67.5
Fiscal health 92.2 57.5
Business freedom 68.5 72.1
Labor freedom 59.2 46.2
Monetary freedom 74.2 79.6
Trade freedom 70.4 69.8
Investment freedom 60 80
Financial freedom 50 80

Economic freedom comparison by year

Jamaica
Morocco
1x
Year Economic freedom index
Jamaica Morocco
2026 68.2 61.8
2025 68.7 60.3
2024 68.1 56.8
2023 68.1 58.4
2022 67.4 59.2
2021 69 63.3
2020 68.5 63.3
2019 68.6 62.9
2018 69.1 61.9
2017 69.5 61.5
2016 67.5 61.3
2015 67.7 60.1
2014 66.7 58.3
2013 66.8 59.6
2012 65.1 60.2
2011 65.7 59.6
2010 65.5 59.2
2009 65.2 57.7
2008 65.7 55.6
2007 65.5 56.4
2006 66.4 51.5
2005 67 52.2
2004 66.7 56.7
2003 67 57.8
2002 61.7 59
2001 63.7 63.9
2000 65.5 63.2
1999 64.7 63.8
1998 67.1 61.1
1997 67.7 64.7
1996 66.7 64.3
1995 64.4 62.8

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

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Morocco
Services, % of GDP
59.8%
2025
52.3%
2025
Industry, % of GDP
16.3%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
8.74%
2025
10.5%
2025
GNI, Atlas method
$22.1B
2025
$170B
2025
GNI per capita, PPP
$13,090
2025
$10,960
2025
Total reserves including gold
$6.3B
2025
$48.5B
2025
Total reserves ranking
92/177
2025
50/177
2025
Net foreign direct investment
-$304M
2024
-$2.51B
2025
Net inflows of foreign direct investment
$305M
2024
$1.75B
2024
Net outflows of foreign direct investment
$1.07M
2024
$679M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
5.63%
2024
Poverty at national poverty lines
8.2%
2023
3.9%
2022
Gross capital formation, % of GDP
22.6%
2019
31.9%
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/morocco | 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 (2022–2025, 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.