Jamaica vs North Macedonia: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Jamaica and North Macedonia ranked 153rd vs 110th and 106th vs 100th, respectively.

Gross Domestic Product & Income

StatJamaicaNorth Macedonia
GDP$15.7B$12.7B
GDP growth, 1 year1.4%2.7%
GDP growth, 5-years average1%2.6%
Population2.9M2.1M
GDP per capita$5.4k$6.1k
GDP per capita growth1.45%2.62%
Purchasing Power Parity conversion factor73.9819.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.37
GDP per capita, PPP adjusted$9.4k$16k
GNI, Atlas method$14.6B$11.4B
GNI per capita$5k$5.5k
GNI, PPP adjusted$26.1B$32.6B
GNI per capita, PPP adjusted$8.9k$16k

Financial system and Human development

StatJamaicaNorth Macedonia
Income Tax Rate25%10%
Corporate Tax Rate25%10%
Inflation, consumer prices3.7%1.5%
Inflation, GDP deflator4.8%4.3%
Unemployment9.5%21.6%
Economic Freedom Index68.569.5
Personal Freedom Index7.298.17
Human Freedom Index7.167.55
Property Rights Index62.162.5
Judical Effectiveness Index50.542.7
Business Freedom Index77.780.6
Fiscal Health Index80.287.7
Labor Freedom Index7467
Investment Freedom Index8065
Financial Freedom Index5060
Trade Freedom Index68.486.2
Monetary Freedom Index77.777.7
Government Spending Index74.871
Tax Burden Index8091.5
Government Integrity Index46.842.2
Corruption Perceptions Index4437
Life expectancy at birth, years74.375.6
Suicide mortality rate, per 100,000 people2.27.9
Mortality caused by road traffic injury, per 100,000 people13.66.4
Intentional homicides, per 100,000 people571.5
International tourism, number of arrivals2.5M707k

Government debt & reserves

StatJamaicaNorth Macedonia
Central government debt, % of GDP99.4%39.5%
External debt stocks, % of GNI108%72%
External debt stocks$16.3B$8.7B
Short-term debt, % of total reserves56.4%40.9%
Total debt service, % of exports and primary income20.4%16.6%
Adjusted net savings including particulate emission damage, % of GNI15.9%15.4%
Gross savings, % of GDP21.3%33%
Gross capital formation, % of GDP23.3%33%
Total reserves including gold$3.5B$3.3B
Foreign direct investment net inflows$774.6M$648.7M

Exports, imports and economic structure

StatJamaicaNorth Macedonia
Exports of goods and services, % of GDP38%60.3%
Imports of goods and services, % of GDP51.1%72.9%
Current account balance (balance of payments)-$287.6M-$25.6M
Revenue excluding grants, % of GDP29.3%26.8%
Grants excluding technical cooperation, BoP$96.8M$133.8M
Personal remittances received$2.5B$344.5M
Industry including construction value added, % of GDP20.3%23.6%
Agriculture, forestry and fishing value added, % of GDP6.6%7.2%
Charges for the use of intellectual property, payments BoP$50.8M$188.8M
Charges for the use of intellectual property, receipts BoP$5.3M$11.8M
Expense, % of GDP26.7%27.9%
Government Expenditure, % of GDP29%31.1%

Compare with countries close by GDP per capita

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k