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Economy of Jamaica vs Pakistan compared: GDP & Debt

Updated on by Georank

Jamaica has a GDP of $22.7B compared to $407B for Pakistan, ranking 125/197 and 41/197 by economy size, respectively.

Jamaica has $15.4B in government debt (67.7% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Jamaica vs Pakistan GDP by year

Jamaica
Pakistan
1x
Year GDP, current $
Jamaica Pakistan
2025 $22,704,903,218 $407,307,214,476
2024 $22,014,429,051 $371,747,087,751
2023 $21,418,797,833 $336,686,348,609
2022 $18,813,516,805 $374,890,295,667
2021 $15,963,885,376 $348,516,647,445
2020 $15,000,214,216 $300,425,609,818
2019 $17,026,269,263 $320,909,472,771
2018 $16,855,447,986 $356,128,166,705
2017 $15,783,583,237 $339,205,534,861
2016 $14,898,999,754 $313,630,000,130
2015 $14,963,589,916 $299,963,590,535
2014 $13,899,217,680 $271,390,474,858
2013 $14,264,205,153 $258,657,231,672
2012 $14,807,086,556 $250,106,966,105
2011 $14,444,661,522 $230,586,581,060
2010 $13,220,549,908 $196,709,621,850
2009 $12,120,458,115 $187,337,783,856
2008 $13,709,401,520 $202,203,748,584
2007 $12,799,600,047 $184,140,869,997
2006 $11,930,179,090 $161,871,385,506
2005 $11,243,865,778 $145,208,562,961
2004 $10,174,664,854 $132,216,048,339
2003 $9,430,234,811 $112,371,913,741
2002 $9,719,009,495 $97,923,302,809
2001 $9,194,727,831 $97,145,618,480
2000 $9,005,064,475 $99,484,802,345
1999 $8,887,057,997 $62,973,857,069
1998 $8,787,195,622 $62,191,955,814
1997 $8,400,041,724 $62,433,340,468
1996 $7,393,891,921 $63,320,170,084
1995 $6,577,520,643 $60,636,071,684
1994 $5,452,558,947 $52,293,470,813
1993 $5,440,075,676 $51,809,999,353
1992 $3,535,460,090 $48,884,671,947
1991 $4,106,207,649 $45,625,336,680
1990 $4,592,208,087 $40,010,423,970
1989 $4,404,937,853 $40,171,106,279
1988 $3,828,342,820 $38,472,742,808
1987 $3,287,007,322 $33,351,529,275
1986 $2,754,549,582 $31,899,070,056
1985 $2,100,239,019 $31,144,920,844
1984 $2,373,564,549 $31,151,825,467
1983 $3,619,262,277 $28,691,889,764
1982 $3,293,496,312 $30,725,971,564
1981 $2,979,027,966 $28,100,606,061
1980 $2,679,379,372 $23,654,444,444
1979 $2,425,064,229 $19,688,383,838
1978 $2,644,527,822 $17,811,515,152
1977 $3,249,733,140 $15,126,060,606
1976 $2,966,042,856 $13,168,080,808
1975 $2,860,442,750 $11,230,606,061
1974 $2,375,122,375 $8,899,191,919
1973 $1,905,917,553 $6,383,429,490
1972 $1,875,146,587 $9,415,016,360
1971 $1,539,861,816 $10,665,896,682
1970 $1,404,720,442 $10,027,509,450
1969 $1,191,239,047 $8,683,116,338
1968 $1,083,839,133 $8,041,999,160
1967 $1,148,014,311 $7,464,510,710
1966 $1,096,759,561 $6,561,108,778
1965 $972,159,611 $5,929,231,415
1964 $897,949,001 $5,204,955,901
1963 $826,706,669 $4,630,827,383
1962 $777,727,689 $4,310,163,797
1961 $748,043,501 $4,118,647,627
1960 $699,064,380 $3,749,265,015

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

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

GDP per capita in Jamaica vs Pakistan by year

Jamaica
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,003 - $1,596 -
2024 $7,754 $12,890 $1,479 $6,252
2023 $7,542 $12,651 $1,360 $6,014
2022 $6,626 $11,888 $1,538 $5,920
2021 $5,626 $10,431 $1,455 $5,367
2020 $5,299 $9,764 $1,278 $5,048
2019 $6,031 $10,845 $1,390 $5,038
2018 $5,977 $10,753 $1,569 $4,979
2017 $5,605 $10,466 $1,519 $4,790
2016 $5,302 $9,948 $1,425 $4,631
2015 $5,339 $9,476 $1,380 $4,480
2014 $4,975 $9,210 $1,267 $4,313
2013 $5,124 $9,101 $1,225 $4,174
2012 $5,341 $8,831 $1,204 $4,047
2011 $5,233 $8,809 $1,132 $3,880
2010 $4,810 $8,521 $987 $3,786
2009 $4,428 $8,580 $964 $3,777
2008 $5,030 $8,952 $1,067 $3,721
2007 $4,716 $8,893 $998 $3,672
2006 $4,417 $8,577 $901 $3,515
2005 $4,184 $8,127 $828 $3,293
2004 $3,808 $7,854 $772 $3,048
2003 $3,550 $7,593 $672 $2,822
2002 $3,681 $7,226 $600 $2,688
2001 $3,504 $7,019 $610 $2,644
2000 $3,453 $6,816 $642 $2,565
1999 $3,432 $6,653 $418 $2,475
1998 $3,419 $6,543 $424 $2,419
1997 $3,297 $6,682 $438 $2,398
1996 $2,929 $6,706 $457 $2,401
1995 $2,631 $6,657 $451 $2,315
1994 $2,203 $6,435 $400 $2,224
1993 $2,221 $6,279 $408 $2,160
1992 $1,458 $5,664 $396 $2,132
1991 $1,710 $5,485 $380 $1,992
1990 $1,930 $5,106 $344 $1,895
1989 $1,865 - $358 -
1988 $1,632 - $354 -
1987 $1,411 - $317 -
1986 $1,191 - $314 -
1985 $917 - $317 -
1984 $1,048 - $327 -
1983 $1,619 - $311 -
1982 $1,494 - $345 -
1981 $1,370 - $328 -
1980 $1,249 - $287.4 -
1979 $1,144 - $249.2 -
1978 $1,262 - $233.4 -
1977 $1,569 - $204.7 -
1976 $1,450 - $183.9 -
1975 $1,417 - $161.7 -
1974 $1,193 - $132 -
1973 $972 - $97.5 -
1972 $971 - $148.1 -
1971 $809 - $172.5 -
1970 $748 - $166.7 -
1969 $642 - $148.5 -
1968 $591 - $141.6 -
1967 $633 - $135.2 -
1966 $612 - $122.2 -
1965 $549 - $113.6 -
1964 $514 - $102.5 -
1963 $480 - $93.7 -
1962 $458 - $89.5 -
1961 $447 - $87.8 -
1960 $424 - $82 -

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

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

Jamaica's GDP per capita is $8,003, ranking 98/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Pakistan ranks 150th at $6,252.

Economic indicators

Jamaica Pakistan
Gross domestic product
$22.7B
2025
$407B
2025
GDP rank
125/197
2025
41/197
2025
GDP growth
0.08%
2024-2025
3.7%
2024-2025
GDP per capita
$8,003
2025
$1,596
2025
GDP per capita rank
98/197
2025
164/197
2025
GDP per capita, PPP
$12,890
2024
$6,252
2024
GDP per capita PPP rank
121/197
2024
150/197
2024
Government debt
$15.4B
2025
$297B
2025
Debt-to-GDP ratio
67.7%
2025
72.8%
2025
Government debt per person
$5,419
2025
$1,162
2025
Government debt per person rank
80/185
2025
138/185
2025
Average annual personal income after taxes
$8,390
2026
$1,775
2026
Market capitalization of domestic companies
$11.6B
2025
$70.3B
2025
Income share by richest 10%
29.6%
2021
27.7%
2024
Income share by poorest 10%
2.2%
2021
3.4%
2024
Government expenditure, % of GDP
33.8%
2025
21.2%
2025
Consumer prices inflation
4%
2024-2025
3.55%
2024-2025
Central bank interest rate
5.75%
2025
11.5%
2026
Unemployment rate
3.02%
2023
6.96%
2025
Population
2834177
261421997

Spending and national debt comparison by year

Jamaica
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Jamaica Pakistan
Government spending Government debt Government spending Government debt
2025 33.8% 67.7% 21.2% 72.8%
2024 30.1% 62.5% 19.4% 70.2%
2023 27.7% 66.5% 19.3% 78.5%
2022 27.1% 70.2% 20% 77.3%
2021 27.6% 86.3% 18.5% 74.7%
2020 30.1% 101.3% 20.3% 80.8%
2019 27.5% 87.7% 19.1% 78.7%
2018 27.5% 88.3% 19.1% 66.3%
2017 26.9% 95.1% 19.1% 62.1%
2016 26.5% 106.9% 17.7% 62.1%
2015 25.9% 115.9% 17.8% 59.1%
2014 26.1% 134.4% 18.1% 58.8%
2013 26.3% 135.2% 19.5% 59.2%
2012 29.1% 140.3% 19.4% 58.4%
2011 31.2% 135.9% 17.9% 56.2%
2010 32.3% 137.8% 18.3% 56.7%
2009 37.7% 138.3% 17.3% 54.6%
2008 33.9% 123.8% 18% 49.5%
2007 30.6% 111.6% 16.1% 44.2%
2006 30.1% 114.2% 14.5% 46.2%
2005 28.6% 121.5% 13% 47.9%
2004 30.7% 116.9% 12.1% 50.6%
2003 31.1% 120.1% 12.9% 56.3%
2002 30.1% 115.4% 14.4% 60.5%
2001 27.8% 105.3% 12.9% 65.1%
2000 25.7% 89.5% 13.8% 61.7%
1999 27.9% 80.7% 13.2% 60.7%
1998 27.9% 75.6% 14.1% 53.8%
1997 27.6% 74.4% 13.7% 52.8%
1996 27.4% 70.2% 15% 52.5%
1995 22.1% 85.2% 14% 52.3%
1994 19.9% 90.4% 14.5% 58.5%
1993 19.6% 106.2% 17% 57.9%
1992 18.2% 100.4% 22.6% 53.3%
1991 19.9% 175.1% 21.4% 55.8%
1990 22.6% 128.8% 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Jamaica's government spending was $7.68B, accounting for 33.8% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 67.7% in Jamaica and 72.8% in Pakistan, ranking 62/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Pakistan
1x
Year Deficit/surplus, % of GDP
Jamaica Pakistan
2025 -3.77% -5.37%
2024 0.22% -6.79%
2023 0.04% -7.76%
2022 0.26% -7.84%
2021 0.84% -6.04%
2020 -2.87% -7.03%
2019 0.85% -7.79%
2018 1.1% -5.67%
2017 0.42% -5.17%
2016 -0.18% -3.92%
2015 -0.28% -4.74%
2014 -0.48% -4.37%
2013 0.12% -7.48%
2012 -3.97% -7.74%
2011 -6.24% -6.23%
2010 -6.17% -5.42%
2009 -10.8% -4.53%
2008 -7.32% -5.94%
2007 -3.7% -4.23%
2006 -4.74% -2.79%
2005 -3.22% -2.29%
2004 -4.56% -1.29%
2003 -5.42% -0.12%
2002 -6.55% -2.64%
2001 -4.77% -2.45%
2000 -0.78% -3.21%
1999 -3.41% -3.07%
1998 -5.73% -4.46%
1997 -6.39% -3.87%
1996 -5.25% -4.33%
1995 1.53% -3.9%
1994 2.4% -3.63%
1993 2.37% -5.53%
1992 2.83% -11.3%
1991 3.14% -10.8%
1990 2.06% -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/jamaica/pakistan | 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 Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 36 years, Jamaica recorded a fiscal deficit in 22 of those years, while Pakistan ran a deficit in 36 years. On average, Jamaica posted an annual deficit equal to 2.18% of GDP, compared to deficit of 5.32% of GDP for Pakistan.

Inflation comparison by year

Inflation
Jamaica

Pakistan
1x
Year Consumer prices inflation
Jamaica Pakistan
2025 4% 3.55%
2024 5.41% 12.6%
2023 6.47% 30.8%
2022 10.3% 19.9%
2021 5.86% 9.5%
2020 5.23% 9.74%
2019 3.91% 10.6%
2018 3.74% 5.08%
2017 4.38% 4.09%
2016 2.35% 3.77%
2015 3.69% 2.53%
2014 8.27% 7.19%
2013 9.34% 7.69%
2012 6.87% 9.68%
2011 7.56% 11.9%
2010 12.6% 12.9%
2009 9.59% 13.6%
2008 22% 20.3%
2007 9.24% 7.6%
2006 8.56% 7.92%
2005 15.1% 9.06%
2004 13.6% 7.44%
2003 10.1% 2.91%
2002 7.08% 3.29%
2001 6.8% 3.15%
2000 8.17% 4.37%
1999 5.95% 4.14%
1998 8.63% 6.23%
1997 9.66% 11.4%

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

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

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.08%, compared with 9.07% in Pakistan. In 2025, inflation was 4% in Jamaica and 3.55% in Pakistan.

Top exports between countries

Jamaica
Export category Export value
Metals $216K
Chemicals & pharma $141K
Wood & paper products $3K
Pakistan
Export category Export value
Machinery & equipment $1.48M
Textiles & consumer goods $921K
Processed food, beverages & tobacco $421K
Raw materials & minerals $77K
Chemicals & pharma $29K
Metals $23K
Raw agricultural goods $21K
Miscellaneous $14K
Wood & paper products $3K

Balance of trade

Jamaica Pakistan
Current account balance
$679M
2024
-$448M
2025
Current account balance ranking
53/190
2024
102/190
2025
Current account balance, % of GDP
+3.08%
2024
-0.11%
2025
Goods imports
$6.07B
2024
$62.6B
2025
Goods exports
$1.87B
2024
$31.5B
2025
Service imports
$3.46B
2024
$12B
2025
Service exports
$5.26B
2024
$9.09B
2025
Imports of goods and services, % of GDP
52.1%
2019
17.2%
2025
Exports of goods and services, % of GDP
38%
2019
9.99%
2025

Economic freedom indices

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

Jamaica Pakistan
Economic freedom 68.2 48.9
Economic freedom ranking 48/197 168/197
Property rights 66.8 25.7
Government integrity 49.4 26.3
Judicial effectiveness 75.6 27.6
Tax burden 76.3 78.2
Government spending 76 88.5
Fiscal health 92.2 10.1
Business freedom 68.5 54.4
Labor freedom 59.2 51.7
Monetary freedom 74.2 54.1
Trade freedom 70.4 70.4
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Jamaica
Pakistan
1x
Year Economic freedom index
Jamaica Pakistan
2026 68.2 48.9
2025 68.7 49.1
2024 68.1 49.5
2023 68.1 49.4
2022 67.4 48.8
2021 69 51.7
2020 68.5 54.8
2019 68.6 55
2018 69.1 54.4
2017 69.5 52.8
2016 67.5 55.9
2015 67.7 55.6
2014 66.7 55.2
2013 66.8 55.1
2012 65.1 54.7
2011 65.7 55.1
2010 65.5 55.2
2009 65.2 57
2008 65.7 55.6
2007 65.5 57.2
2006 66.4 57.9
2005 67 53.3
2004 66.7 54.9
2003 67 55
2002 61.7 55.8
2001 63.7 56
2000 65.5 56.4
1999 64.7 53
1998 67.1 53.2
1997 67.7 56
1996 66.7 58.4
1995 64.4 57.6

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

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Pakistan
Services, % of GDP
59.8%
2025
50.9%
2025
Industry, % of GDP
16.3%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
8.74%
2025
23%
2025
GNI, Atlas method
$22.1B
2025
$382B
2025
GNI per capita, PPP
$13,090
2025
$6,430
2025
Total reserves including gold
$6.3B
2025
$26.5B
2025
Total reserves ranking
92/177
2025
62/177
2025
Net foreign direct investment
-$304M
2024
-$1.58B
2025
Net inflows of foreign direct investment
$305M
2024
$2.66B
2024
Net outflows of foreign direct investment
$1.07M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
4.5%
2024
Poverty at national poverty lines
8.2%
2023
21.9%
2018
Gross capital formation, % of GDP
22.6%
2019
14.3%
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/pakistan | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1998, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, 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.