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Economy of Jamaica vs Niger compared: GDP & Debt

Updated on by Georank

Jamaica has a GDP of $22.7B compared to $21.6B for Niger, ranking 125/197 and 129/197 by economy size, respectively.

Jamaica has $15.4B in government debt (67.7% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Jamaica vs Niger GDP by year

Jamaica
Niger
1x
Year GDP, current $
Jamaica Niger
2025 $22,704,903,218 $21,646,191,388
2024 $22,014,429,051 $19,729,786,047
2023 $21,418,797,833 $16,949,765,464
2022 $18,813,516,805 $15,531,799,641
2021 $15,963,885,376 $14,936,154,253
2020 $15,000,214,216 $13,648,332,190
2019 $17,026,269,263 $12,420,836,507
2018 $16,855,447,986 $12,800,907,986
2017 $15,783,583,237 $11,359,273,443
2016 $14,898,999,754 $10,341,025,540
2015 $14,963,589,916 $9,683,867,926
2014 $13,899,217,680 $10,862,943,544
2013 $14,264,205,153 $10,224,897,438
2012 $14,807,086,556 $9,426,912,648
2011 $14,444,661,522 $8,772,950,778
2010 $13,220,549,908 $7,851,192,502
2009 $12,120,458,115 $7,352,131,310
2008 $13,709,401,520 $7,297,600,226
2007 $12,799,600,047 $5,731,485,052
2006 $11,930,179,090 $4,756,361,252
2005 $11,243,865,778 $4,383,315,965
2004 $10,174,664,854 $3,760,443,738
2003 $9,430,234,811 $3,394,084,732
2002 $9,719,009,495 $2,782,192,879
2001 $9,194,727,831 $2,448,714,704
2000 $9,005,064,475 $2,241,753,193
1999 $8,887,057,997 $2,537,789,821
1998 $8,787,195,622 $2,643,363,519
1997 $8,400,041,724 $2,290,318,910
1996 $7,393,891,921 $2,405,686,940
1995 $6,577,520,643 $2,302,537,562
1994 $5,452,558,947 $1,938,058,175
1993 $5,440,075,676 $3,052,673,849
1992 $3,535,460,090 $3,386,232,579
1991 $4,106,207,649 $3,285,796,875
1990 $4,592,208,087 $3,512,356,508
1989 $4,404,937,853 $2,179,567,114
1988 $3,828,342,820 $2,280,356,193
1987 $3,287,007,322 $2,233,006,105
1986 $2,754,549,582 $1,904,096,998
1985 $2,100,239,019 $1,440,581,652
1984 $2,373,564,549 $1,461,243,326
1983 $3,619,262,277 $1,803,099,561
1982 $3,293,496,312 $2,017,612,216
1981 $2,979,027,966 $2,170,893,414
1980 $2,679,379,372 $2,508,524,721
1979 $2,425,064,229 $2,109,277,666
1978 $2,644,527,822 $1,774,365,590
1977 $3,249,733,140 $1,291,458,041
1976 $2,966,042,856 $1,064,517,601
1975 $2,860,442,750 $1,048,690,933
1974 $2,375,122,375 $1,026,137,111
1973 $1,905,917,553 $946,385,105
1972 $1,875,146,587 $742,779,661
1971 $1,539,861,816 $693,573,704
1970 $1,404,720,442 $649,916,621
1969 $1,191,239,047 $625,867,985
1968 $1,083,839,133 $641,214,226
1967 $1,148,014,311 $665,586,872
1966 $1,096,759,561 $702,296,079
1965 $972,159,611 $673,383,511
1964 $897,949,001 $582,816,396
1963 $826,706,669 $586,294,879
1962 $777,727,689 $531,736,599
1961 $748,043,501 $485,785,231
1960 $699,064,380 $449,526,873

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

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

GDP per capita in Jamaica vs Niger by year

Jamaica
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,003 - $775 -
2024 $7,754 $12,890 $730 $2,050
2023 $7,542 $12,651 $648 $1,875
2022 $6,626 $11,888 $614 $1,840
2021 $5,626 $10,431 $610 $1,586
2020 $5,299 $9,764 $575 $1,497
2019 $6,031 $10,845 $541 $1,419
2018 $5,977 $10,753 $577 $1,276
2017 $5,605 $10,466 $530 $1,208
2016 $5,302 $9,948 $500 $1,189
2015 $5,339 $9,476 $486 $1,172
2014 $4,975 $9,210 $565 $1,161
2013 $5,124 $9,101 $552 $1,138
2012 $5,341 $8,831 $529 $1,162
2011 $5,233 $8,809 $511 $1,064
2010 $4,810 $8,521 $474 $1,058
2009 $4,428 $8,580 $461 $999
2008 $5,030 $8,952 $475 $1,010
2007 $4,716 $8,893 $387 $955
2006 $4,417 $8,577 $333 $935
2005 $4,184 $8,127 $319 $888
2004 $3,808 $7,854 $283.5 $832
2003 $3,550 $7,593 $265.2 $837
2002 $3,681 $7,226 $225.3 $832
2001 $3,504 $7,019 $205.4 $809
2000 $3,453 $6,816 $194.8 $764
1999 $3,432 $6,653 $228.3 $783
1998 $3,419 $6,543 $246.1 $801
1997 $3,297 $6,682 $220.6 $745
1996 $2,929 $6,706 $239.5 $746
1995 $2,631 $6,657 $237 $757
1994 $2,203 $6,435 $206.2 $748
1993 $2,221 $6,279 $335 $742
1992 $1,458 $5,664 $384 $746
1991 $1,710 $5,485 $384 $738
1990 $1,930 $5,106 $424 $739
1989 $1,865 - $271.3 -
1988 $1,632 - $292.6 -
1987 $1,411 - $295.3 -
1986 $1,191 - $259.6 -
1985 $917 - $202.4 -
1984 $1,048 - $211.5 -
1983 $1,619 - $268.8 -
1982 $1,494 - $310 -
1981 $1,370 - $343 -
1980 $1,249 - $409 -
1979 $1,144 - $354 -
1978 $1,262 - $307 -
1977 $1,569 - $229.8 -
1976 $1,450 - $194.8 -
1975 $1,417 - $197.2 -
1974 $1,193 - $198.3 -
1973 $972 - $187.9 -
1972 $971 - $151.4 -
1971 $809 - $145.2 -
1970 $748 - $139.8 -
1969 $642 - $138.3 -
1968 $591 - $145.6 -
1967 $633 - $155.4 -
1966 $612 - $168.6 -
1965 $549 - $166.3 -
1964 $514 - $148.1 -
1963 $480 - $153.3 -
1962 $458 - $143.2 -
1961 $447 - $134.6 -
1960 $424 - $128.3 -

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

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

Jamaica's GDP per capita is $8,003, ranking 98/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Niger ranks 186th at $2,050.

Economic indicators

Jamaica Niger
Gross domestic product
$22.7B
2025
$21.6B
2025
GDP rank
125/197
2025
129/197
2025
GDP growth
0.08%
2024-2025
7.01%
2024-2025
GDP per capita
$8,003
2025
$775
2025
GDP per capita rank
98/197
2025
188/197
2025
GDP per capita, PPP
$12,890
2024
$2,050
2024
GDP per capita PPP rank
121/197
2024
186/197
2024
Government debt
$15.4B
2025
$9.82B
2025
Debt-to-GDP ratio
67.7%
2025
45.4%
2025
Government debt per person
$5,419
2025
$352
2025
Government debt per person rank
80/185
2025
175/185
2025
Average annual personal income after taxes
$8,390
2026
$1,418
2026
Market capitalization of domestic companies
$11.6B
2025
n/a
Income share by richest 10%
29.6%
2021
27.8%
2021
Income share by poorest 10%
2.2%
2021
3.8%
2021
Government expenditure, % of GDP
33.8%
2025
14.8%
2025
Consumer prices inflation
4%
2024-2025
-4.45%
2024-2025
Central bank interest rate
5.75%
2025
n/a
Unemployment rate
3.02%
2023
0.4%
2022
Population
2834177
29294628

Spending and national debt comparison by year

Jamaica
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Jamaica Niger
Government spending Government debt Government spending Government debt
2025 33.8% 67.7% 14.8% 45.4%
2024 30.1% 62.5% 13.4% 47.7%
2023 27.7% 66.5% 15.8% 51.8%
2022 27.1% 70.2% 21.6% 50.7%
2021 27.6% 86.3% 24.3% 51.3%
2020 30.1% 101.3% 22.4% 45%
2019 27.5% 87.7% 21.6% 39.8%
2018 27.5% 88.3% 21.2% 37%
2017 26.9% 95.1% 19.5% 36.5%
2016 26.5% 106.9% 19.4% 32.8%
2015 25.9% 115.9% 24.2% 29.9%
2014 26.1% 134.4% 23.6% 22.1%
2013 26.3% 135.2% 20.4% 19.6%
2012 29.1% 140.3% 16.6% 18.1%
2011 31.2% 135.9% 15.3% 14.7%
2010 32.3% 137.8% 14.3% 15.1%
2009 37.7% 138.3% 17.7% 15.9%
2008 33.9% 123.8% 16.9% 14.2%
2007 30.6% 111.6% 17.4% 17.8%
2006 30.1% 114.2% 15.2% 18.3%
2005 28.6% 121.5% 15.6% 49.5%
2004 30.7% 116.9% 16.1% 55%
2003 31.1% 120.1% 14% 60.6%
2002 30.1% 115.4% 14.4% 69%
2001 27.8% 105.3% 13.7% 74%
2000 25.7% 89.5% 13.5% 82.1%
1999 27.9% 80.7% 15% 63.3%
1998 27.9% 75.6% 13.6% 61.3%
1997 27.6% 74.4% 12.9% 69.1%
1996 27.4% 70.2% 10.9% 63.5%
1995 22.1% 85.2% 12.5% 69.4%
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/niger | CC BY

In 2025, Jamaica's government spending was $7.68B, accounting for 33.8% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 67.7% in Jamaica and 45.4% in Niger, ranking 62/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Niger
1x
Year Deficit/surplus, % of GDP
Jamaica Niger
2025 -3.77% -3.28%
2024 0.22% -4.27%
2023 0.04% -5.37%
2022 0.26% -6.77%
2021 0.84% -6.1%
2020 -2.87% -4.82%
2019 0.85% -3.56%
2018 1.1% -3.01%
2017 0.42% -4.12%
2016 -0.18% -4.46%
2015 -0.28% -6.75%
2014 -0.48% -6.12%
2013 0.12% -1.93%
2012 -3.97% -0.83%
2011 -6.24% -2.19%
2010 -6.17% -0.99%
2009 -10.8% -3.93%
2008 -7.32% 1.11%
2007 -3.7% -0.75%
2006 -4.74% 31%
2005 -3.22% -1.53%
2004 -4.56% -2.76%
2003 -5.42% -2.17%
2002 -6.55% -2.21%
2001 -4.77% -2.59%
2000 -0.78% -2.83%
1999 -3.41% -4.27%
1998 -5.73% -2.23%
1997 -6.39% -2.39%
1996 -5.25% -0.36%
1995 1.53% -3.19%
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/niger | 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 Niger's deficit of $711M, or 3.28% of GDP.

Over the past 31 years, Jamaica recorded a fiscal deficit in 22 of those years, while Niger ran a deficit in 29 years. On average, Jamaica posted an annual deficit equal to 2.94% of GDP, compared to deficit of 2.05% of GDP for Niger.

Inflation comparison by year

Inflation
Jamaica

Niger
1x
Year Consumer prices inflation
Jamaica Niger
2025 4% -4.45%
2024 5.41% 9.07%
2023 6.47% 3.7%
2022 10.3% 4.23%
2021 5.86% 3.84%
2020 5.23% 2.9%
2019 3.91% -2.49%
2018 3.74% 2.97%
2017 4.38% 2.8%
2016 2.35% 1.65%
2015 3.69% -0.58%
2014 8.27% -0.93%
2013 9.34% 2.3%
2012 6.87% 0.46%
2011 7.56% 2.94%
2010 12.6% 0.8%
2009 9.59% 0.58%
2008 22% 11.3%
2007 9.24% 0.05%
2006 8.56% 0.04%
2005 15.1% 7.8%
2004 13.6% 0.26%
2003 10.1% -1.61%
2002 7.08% 2.63%
2001 6.8% 4.01%
2000 8.17% 2.9%
1999 5.95% -2.3%
1998 8.63% 4.55%
1997 9.66% 2.93%

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

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

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.08%, compared with 2.15% in Niger. In 2025, inflation was 4% in Jamaica and -4.45% in Niger.

Balance of trade

Jamaica Niger
Current account balance
$679M
2024
-$1.2B
2024
Current account balance ranking
53/190
2024
123/190
2024
Current account balance, % of GDP
+3.08%
2024
-6.09%
2024
Goods imports
$6.07B
2024
$2B
2024
Goods exports
$1.87B
2024
$1.52B
2024
Service imports
$3.46B
2024
$1.03B
2024
Service exports
$5.26B
2024
$248M
2024
Imports of goods and services, % of GDP
52.1%
2019
18.1%
2025
Exports of goods and services, % of GDP
38%
2019
15.8%
2025

Economic freedom indices

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

Jamaica Niger
Economic freedom 68.2 51
Economic freedom ranking 48/197 156/197
Property rights 66.8 16.6
Government integrity 49.4 33.9
Judicial effectiveness 75.6 28
Tax burden 76.3 78.2
Government spending 76 91.4
Fiscal health 92.2 47.6
Business freedom 68.5 32.4
Labor freedom 59.2 54.7
Monetary freedom 74.2 67.9
Trade freedom 70.4 65.8
Investment freedom 60 55
Financial freedom 50 40

Economic freedom comparison by year

Jamaica
Niger
1x
Year Economic freedom index
Jamaica Niger
2026 68.2 51
2025 68.7 51.5
2024 68.1 52.3
2023 68.1 53.7
2022 67.4 54.9
2021 69 57.3
2020 68.5 54.7
2019 68.6 51.6
2018 69.1 49.5
2017 69.5 50.8
2016 67.5 54.3
2015 67.7 54.6
2014 66.7 55.1
2013 66.8 53.9
2012 65.1 54.3
2011 65.7 54.3
2010 65.5 52.9
2009 65.2 53.8
2008 65.7 52.9
2007 65.5 53.2
2006 66.4 52.5
2005 67 54.1
2004 66.7 54.6
2003 67 54.2
2002 61.7 48.2
2001 63.7 48.9
2000 65.5 45.9
1999 64.7 48.6
1998 67.1 47.5
1997 67.7 46.6
1996 66.7 45.8
1995 64.4 -

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

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Niger
Services, % of GDP
59.8%
2025
31.1%
2025
Industry, % of GDP
16.3%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
8.74%
2025
47.6%
2025
GNI, Atlas method
$22.1B
2025
$20.9B
2025
GNI per capita, PPP
$13,090
2025
$2,150
2025
Total reserves including gold
$6.3B
2025
n/a
Total reserves ranking
92/177
2025
n/a
Net foreign direct investment
-$304M
2024
-$337M
2024
Net inflows of foreign direct investment
$305M
2024
$358M
2024
Net outflows of foreign direct investment
$1.07M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
1.96%
2024
Poverty at national poverty lines
8.2%
2023
41.2%
2021
Gross capital formation, % of GDP
22.6%
2019
22%
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/niger | 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.