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Economy of Jamaica vs Niger compared: GDP & Debt

Updated on by Georank team

Jamaica has a GDP of $22B compared to $19.9B for Niger, ranking 124/197 and 130/197 by economy size, respectively.

Jamaica has $14B in government debt (63.4% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Jamaica vs Niger GDP by year

Jamaica
Niger
1x
Year GDP, current $
Jamaica Niger
2024 $22,014,397,090 $19,876,128,486
2023 $21,418,804,320 $16,698,786,978
2022 $18,813,516,805 $15,433,852,712
2021 $15,963,885,376 $14,915,002,436
2020 $15,000,214,216 $13,744,653,103
2019 $17,026,269,263 $12,889,555,561
2018 $16,855,447,986 $12,837,307,497
2017 $15,783,583,237 $11,185,104,252
2016 $14,898,999,754 $10,398,861,982
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 (1960–2024, retrieved 2026-04-06).

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
2024 $7,754 $12,890 $735 $2,050
2023 $7,542 $12,651 $638 $1,875
2022 $6,626 $11,888 $610 $1,840
2021 $5,626 $10,431 $609 $1,586
2020 $5,299 $9,764 $580 $1,497
2019 $6,031 $10,845 $562 $1,419
2018 $5,977 $10,753 $579 $1,276
2017 $5,605 $10,466 $522 $1,208
2016 $5,302 $9,948 $503 $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 (1960–2024, retrieved 2026-04-06).

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

Jamaica's GDP per capita is $7,754, ranking 95/197, compared to $735 in Niger, ranking 187/197. 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
$22B
2024
$19.9B
2024
GDP rank
124/197
2024
130/197
2024
GDP growth
-0.54%
2023-2024
10.3%
2023-2024
GDP per capita
$7,754
2024
$735
2024
GDP per capita rank
95/197
2024
187/197
2024
GDP per capita, PPP
$12,890
2024
$2,050
2024
GDP per capita PPP rank
121/197
2024
186/197
2024
Government debt
$14B
2024
$9.39B
2024
Debt-to-GDP ratio
63.4%
2024
47.2%
2024
Government debt per person
$4,917
2024
$347
2024
Government debt per person rank
79/185
2024
173/185
2024
Average annual personal income after taxes
$6,905
2026
$1,163
2026
Market capitalization of domestic companies
$12.4B
2024
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
30.5%
2024
13.4%
2024
Consumer prices inflation
5.41%
2023-2024
9.07%
2023-2024
Central bank interest rate
5.75%
2025
n/a
Unemployment rate
3.02%
2023
0.4%
2022
Population
2834980
29080898

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
2024 30.5% 63.4% 13.4% 47.2%
2023 28% 67.3% 15.8% 51.8%
2022 28.4% 73.5% 21.6% 50.6%
2021 29% 90.9% 24.3% 51.3%
2020 29.8% 100.1% 22.4% 45%
2019 27.8% 88.6% 21.6% 39.8%
2018 27.8% 89.2% 21.2% 37%
2017 27.3% 96.7% 19.5% 36.5%
2016 27% 109.1% 19.4% 32.8%
2015 26.3% 117.6% 24.2% 29.9%
2014 26.5% 136.7% 23.6% 22.1%
2013 26.9% 138.1% 20.4% 19.6%
2012 29.6% 143% 16.6% 18.1%
2011 31.7% 138.1% 15.3% 14.7%
2010 32.9% 140.1% 14.3% 15.1%
2009 38.6% 141.5% 17.7% 15.9%
2008 34.4% 125.6% 16.9% 14.2%
2007 31.6% 115.3% 17.4% 17.8%
2006 31.2% 118% 15.2% 18.3%
2005 29.3% 124.5% 15.6% 49.5%
2004 31.5% 120.1% 16.1% 55%
2003 32.5% 125.5% 14% 60.6%
2002 31.1% 119.1% 14.4% 69%
2001 28.5% 107.9% 13.7% 74%
2000 26.2% 91.3% 13.5% 82.1%
1999 28.9% 83.5% 15% 63.3%
1998 28.3% 75.6% 13.6% 61.3%
1997 28.3% 74.4% 12.9% 69.1%
1996 27.7% 70.2% 10.9% 63.5%
1995 23.1% 85.2% 12.5% 69.4%
1994 21.5% 90.4% - -
1993 21.5% 106.2% - -
1992 20% 100.4% - -
1991 24.5% 175.1% - -
1990 25.7% 128.8% - -

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/niger | CC BY

In 2024, Jamaica's government spending was $6.72B, accounting for 30.5% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 63.4% in Jamaica and 47.2% in Niger, ranking 73/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Niger
1x
Year Deficit/surplus, % of GDP
Jamaica Niger
2024 0.22% -4.27%
2023 0.04% -5.37%
2022 0.27% -6.77%
2021 0.89% -6.1%
2020 -2.83% -4.82%
2019 0.85% -3.56%
2018 1.12% -3.01%
2017 0.43% -4.12%
2016 -0.19% -4.46%
2015 -0.28% -6.75%
2014 -0.49% -6.12%
2013 0.12% -1.93%
2012 -4.05% -0.83%
2011 -6.34% -2.19%
2010 -6.27% -0.99%
2009 -11.1% -3.93%
2008 -7.43% 1.11%
2007 -3.82% -0.75%
2006 -4.9% 31%
2005 -3.3% -1.53%
2004 -4.68% -2.76%
2003 -5.67% -2.17%
2002 -6.77% -2.21%
2001 -4.89% -2.59%
2000 -0.8% -2.83%
1999 -3.53% -4.27%
1998 -5.82% -2.23%
1997 -6.54% -2.39%
1996 -5.32% -0.36%
1995 1.6% -3.19%
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/niger | 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 Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Jamaica recorded a fiscal deficit in 21 of those years, while Niger ran a deficit in 28 years. On average, Jamaica posted an annual deficit equal to 2.98% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Jamaica

Niger
1x
Year Consumer prices inflation
Jamaica Niger
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 (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Jamaica has recorded an average annual inflation rate of 8.23%, compared with 2.39% in Niger. In 2024, inflation was 5.41% in Jamaica and 9.07% in Niger.

Balance of trade

Jamaica Niger
Current account balance
$679M
2024
-$2.33B
2023
Current account balance ranking
56/190
2024
146/190
2023
Current account balance, % of GDP
+3.08%
2024
-14%
2023
Goods imports
$6.07B
2024
$2.59B
2023
Goods exports
$1.87B
2024
$992M
2023
Service imports
$3.46B
2024
$1.22B
2023
Service exports
$5.26B
2024
$231M
2023
Imports of goods and services, % of GDP
52.1%
2019
22.7%
2024
Exports of goods and services, % of GDP
38%
2019
27.3%
2024

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 2026-03-09).

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
60%
2024
45%
2024
Industry, % of GDP
16.5%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.97%
2024
34.5%
2024
GNI, Atlas method
$20.5B
2024
$18.3B
2024
GNI per capita, PPP
$12,690
2024
$2,030
2024
Total reserves including gold
$5.63B
2024
n/a
Total reserves ranking
93/177
2024
n/a
Net foreign direct investment
-$304M
2024
-$1.02B
2023
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
1.94%
2024
Poverty at national poverty lines
8.2%
2023
41.2%
2021
Gross capital formation, % of GDP
22.6%
2019
22.1%
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/niger | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.