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Economy of Jamaica vs Romania compared: GDP & Debt

Updated on by Georank

Jamaica has a GDP of $22.7B compared to $429B for Romania, ranking 125/197 and 39/197 by economy size, respectively.

Jamaica has $15.4B in government debt (67.7% of GDP), compared to $260B (60.6% of GDP) in Romania.

Jamaica vs Romania GDP by year

Jamaica
Romania
1x
Year GDP, current $
Jamaica Romania
2025 $22,704,903,218 $428,677,977,855
2024 $22,014,429,051 $382,564,217,989
2023 $21,418,797,833 $347,757,995,759
2022 $18,813,516,805 $295,317,862,856
2021 $15,963,885,376 $285,072,444,957
2020 $15,000,214,216 $250,624,575,872
2019 $17,026,269,263 $250,080,428,512
2018 $16,855,447,986 $241,791,427,224
2017 $15,783,583,237 $210,147,385,855
2016 $14,898,999,754 $185,290,759,249
2015 $14,963,589,916 $177,885,131,240
2014 $13,899,217,680 $199,722,319,676
2013 $14,264,205,153 $189,798,603,751
2012 $14,807,086,556 $179,117,323,107
2011 $14,444,661,522 $192,623,977,894
2010 $13,220,549,908 $170,064,350,672
2009 $12,120,458,115 $174,110,532,659
2008 $13,709,401,520 $214,315,932,061
2007 $12,799,600,047 $174,588,782,939
2006 $11,930,179,090 $122,023,735,993
2005 $11,243,865,778 $98,454,380,120
2004 $10,174,664,854 $74,973,656,852
2003 $9,430,234,811 $57,806,384,143
2002 $9,719,009,495 $46,065,502,703
2001 $9,194,727,831 $40,395,116,581
2000 $9,005,064,475 $37,253,739,511
1999 $8,887,057,997 $35,953,156,754
1998 $8,787,195,622 $41,696,091,974
1997 $8,400,041,724 $35,575,214,078
1996 $7,393,891,921 $36,937,074,278
1995 $6,577,520,643 $37,430,162,103
1994 $5,452,558,947 $30,072,805,104
1993 $5,440,075,676 $26,361,160,450
1992 $3,535,460,090 $25,121,666,667
1991 $4,106,207,649 $28,850,634,900
1990 $4,592,208,087 $38,247,882,300
1989 $4,404,937,853 $41,450,777,202
1988 $3,828,342,820 $40,424,528,302
1987 $3,287,007,322 $38,067,567,568
1986 $2,754,549,582 -
1985 $2,100,239,019 -
1984 $2,373,564,549 -
1983 $3,619,262,277 -
1982 $3,293,496,312 -
1981 $2,979,027,966 -
1980 $2,679,379,372 -
1979 $2,425,064,229 -
1978 $2,644,527,822 -
1977 $3,249,733,140 -
1976 $2,966,042,856 -
1975 $2,860,442,750 -
1974 $2,375,122,375 -
1973 $1,905,917,553 -
1972 $1,875,146,587 -
1971 $1,539,861,816 -
1970 $1,404,720,442 -
1969 $1,191,239,047 -
1968 $1,083,839,133 -
1967 $1,148,014,311 -
1966 $1,096,759,561 -
1965 $972,159,611 -
1964 $897,949,001 -
1963 $826,706,669 -
1962 $777,727,689 -
1961 $748,043,501 -
1960 $699,064,380 -

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

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

GDP per capita in Jamaica vs Romania by year

Jamaica
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,003 - $22,538 -
2024 $7,754 $12,890 $20,080 $49,077
2023 $7,542 $12,651 $18,244 $45,982
2022 $6,626 $11,888 $15,503 $41,979
2021 $5,626 $10,431 $14,908 $37,534
2020 $5,299 $9,764 $13,009 $34,194
2019 $6,031 $10,845 $12,910 $33,425
2018 $5,977 $10,753 $12,416 $29,383
2017 $5,605 $10,466 $10,728 $26,943
2016 $5,302 $9,948 $9,405 $23,905
2015 $5,339 $9,476 $8,977 $21,625
2014 $4,975 $9,210 $10,032 $20,633
2013 $5,124 $9,101 $9,498 $19,678
2012 $5,341 $8,831 $8,930 $19,808
2011 $5,233 $8,809 $9,561 $18,804
2010 $4,810 $8,521 $8,400 $17,355
2009 $4,428 $8,580 $8,548 $16,641
2008 $5,030 $8,952 $10,435 $16,782
2007 $4,716 $8,893 $8,360 $13,703
2006 $4,417 $8,577 $5,758 $11,554
2005 $4,184 $8,127 $4,618 $9,602
2004 $3,808 $7,854 $3,495 $8,989
2003 $3,550 $7,593 $2,679 $7,559
2002 $3,681 $7,226 $2,120 $7,162
2001 $3,504 $7,019 $1,825 $6,520
2000 $3,453 $6,816 $1,660 $5,850
1999 $3,432 $6,653 $1,600 $5,596
1998 $3,419 $6,543 $1,853 $5,545
1997 $3,297 $6,682 $1,577 $5,564
1996 $2,929 $6,706 $1,633 $5,746
1995 $2,631 $6,657 $1,650 $5,429
1994 $2,203 $6,435 $1,323 $4,995
1993 $2,221 $6,279 $1,158 $4,699
1992 $1,458 $5,664 $1,102 $4,515
1991 $1,710 $5,485 $1,254 $4,795
1990 $1,930 $5,106 $1,648 $5,280
1989 $1,865 - $1,790 -
1988 $1,632 - $1,753 -
1987 $1,411 - $1,659 -
1986 $1,191 - - -
1985 $917 - - -
1984 $1,048 - - -
1983 $1,619 - - -
1982 $1,494 - - -
1981 $1,370 - - -
1980 $1,249 - - -
1979 $1,144 - - -
1978 $1,262 - - -
1977 $1,569 - - -
1976 $1,450 - - -
1975 $1,417 - - -
1974 $1,193 - - -
1973 $972 - - -
1972 $971 - - -
1971 $809 - - -
1970 $748 - - -
1969 $642 - - -
1968 $591 - - -
1967 $633 - - -
1966 $612 - - -
1965 $549 - - -
1964 $514 - - -
1963 $480 - - -
1962 $458 - - -
1961 $447 - - -
1960 $424 - - -

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

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

Jamaica's GDP per capita is $8,003, ranking 98/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Romania ranks 47th at $49,077.

Economic indicators

Jamaica Romania
Gross domestic product
$22.7B
2025
$429B
2025
GDP rank
125/197
2025
39/197
2025
GDP growth
0.08%
2024-2025
0.68%
2024-2025
GDP per capita
$8,003
2025
$22,538
2025
GDP per capita rank
98/197
2025
57/197
2025
GDP per capita, PPP
$12,890
2024
$49,077
2024
GDP per capita PPP rank
121/197
2024
47/197
2024
Government debt
$15.4B
2025
$260B
2025
Debt-to-GDP ratio
67.7%
2025
60.6%
2025
Government debt per person
$5,419
2025
$13,650
2025
Government debt per person rank
80/185
2025
48/185
2025
Average annual personal income after taxes
$8,390
2026
$13,510
2026
Market capitalization of domestic companies
$11.6B
2025
$70.9B
2025
Number of billionaires n/a
6
2026
Income share by richest 10%
29.6%
2021
21.8%
2023
Income share by poorest 10%
2.2%
2021
2.4%
2023
Government expenditure, % of GDP
33.8%
2025
40.5%
2025
Consumer prices inflation
4%
2024-2025
7.3%
2024-2025
Central bank interest rate
5.75%
2025
6.5%
2024
Unemployment rate
3.02%
2023
6.1%
2025
Population
2834177
18912567

Spending and national debt comparison by year

Jamaica
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Jamaica Romania
Government spending Government debt Government spending Government debt
2025 33.8% 67.7% 40.5% 60.6%
2024 30.1% 62.5% 40% 57.5%
2023 27.7% 66.5% 37% 52.6%
2022 27.1% 70.2% 37.5% 51.9%
2021 27.6% 86.3% 37.2% 51.8%
2020 30.1% 101.3% 38.3% 49.5%
2019 27.5% 87.7% 33.4% 36.8%
2018 27.5% 88.3% 31.9% 36.4%
2017 26.9% 95.1% 31% 37.1%
2016 26.5% 106.9% 31.8% 39.5%
2015 25.9% 115.9% 34.2% 39.4%
2014 26.1% 134.4% 33.8% 40.5%
2013 26.3% 135.2% 34.2% 39.3%
2012 29.1% 140.3% 33.5% 36.2%
2011 31.2% 135.9% 35% 32.6%
2010 32.3% 137.8% 37.4% 30.2%
2009 37.7% 138.3% 36.3% 22.5%
2008 33.9% 123.8% 35.3% 13%
2007 30.6% 111.6% 34.6% 12.4%
2006 30.1% 114.2% 33.9% 12.7%
2005 28.6% 121.5% 32.3% 17.8%
2004 30.7% 116.9% 33.7% 21.3%
2003 31.1% 120.1% 31.8% 24.9%
2002 30.1% 115.4% 32.1% 27.4%
2001 27.8% 105.3% 33.2% 27.4%
2000 25.7% 89.5% 35% 29.6%
1999 27.9% 80.7% 35.1% 21.7%
1998 27.9% 75.6% 34.7% 16.5%
1997 27.6% 74.4% 33.5% 15%
1996 27.4% 70.2% 33.5% 11%
1995 22.1% 85.2% 34.4% 6.91%
1994 19.9% 90.4% 33.1% -
1993 19.6% 106.2% 33.5% -
1992 18.2% 100.4% 41.5% -
1991 19.9% 175.1% 38.3% -
1990 22.6% 128.8% 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-07-08).

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

In 2025, Jamaica's government spending was $7.68B, accounting for 33.8% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 67.7% in Jamaica and 60.6% in Romania, ranking 62/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Romania
1x
Year Deficit/surplus, % of GDP
Jamaica Romania
2025 -3.77% -7.64%
2024 0.22% -8.68%
2023 0.04% -5.66%
2022 0.26% -5.85%
2021 0.84% -6.74%
2020 -2.87% -9.6%
2019 0.85% -4.58%
2018 1.1% -2.76%
2017 0.42% -2.86%
2016 -0.18% -2.5%
2015 -0.28% -1.35%
2014 -0.48% -1.76%
2013 0.12% -2.44%
2012 -3.97% -2.39%
2011 -6.24% -4.14%
2010 -6.17% -6.22%
2009 -10.8% -6.86%
2008 -7.32% -4.6%
2007 -3.7% -3.05%
2006 -4.74% -1.36%
2005 -3.22% -0.69%
2004 -4.56% -3.39%
2003 -5.42% -2.29%
2002 -6.55% -2.59%
2001 -4.77% -3.2%
2000 -0.78% -3.99%
1999 -3.41% -3.58%
1998 -5.73% -5.33%
1997 -6.39% -5.19%
1996 -5.25% -4.74%
1995 1.53% -3.32%
1994 2.4% -2.2%
1993 2.37% -0.35%
1992 2.83% -4.55%
1991 3.14% 3.23%
1990 2.06% 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/jamaica/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 36 years, Jamaica recorded a fiscal deficit in 22 of those years, while Romania ran a deficit in 34 years. On average, Jamaica posted an annual deficit equal to 2.18% of GDP, compared to deficit of 3.67% of GDP for Romania.

Inflation comparison by year

Inflation
Jamaica

Romania
1x
Year Consumer prices inflation
Jamaica Romania
2025 4% 7.3%
2024 5.41% 5.6%
2023 6.47% 10.4%
2022 10.3% 13.8%
2021 5.86% 5%
2020 5.23% 2.6%
2019 3.91% 3.8%
2018 3.74% 4.6%
2017 4.38% 1.3%
2016 2.35% -1.6%
2015 3.69% -0.6%
2014 8.27% 1.1%
2013 9.34% 4%
2012 6.87% 3.3%
2011 7.56% 5.8%
2010 12.6% 6.1%
2009 9.59% 5.6%
2008 22% 7.8%
2007 9.24% 4.8%
2006 8.56% 6.6%
2005 15.1% 9%
2004 13.6% 11.9%
2003 10.1% 15.4%
2002 7.08% 22.5%
2001 6.8% 34.5%
2000 8.17% 45.7%
1999 5.95% 45.8%
1998 8.63% 59.1%
1997 9.66% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.08%, compared with 17.1% in Romania. In 2025, inflation was 4% in Jamaica and 7.3% in Romania.

Top exports between countries

Jamaica
Export category Export value
Raw agricultural goods $10K
Romania
Export category Export value
Machinery & equipment $782K
Textiles & consumer goods $40K
Processed food, beverages & tobacco $21K
Miscellaneous $10K
Raw materials & minerals $7K
Chemicals & pharma $4K
Metals $3K
Wood & paper products $2K

Balance of trade

Jamaica Romania
Current account balance
$679M
2024
-$33.9B
2025
Current account balance ranking
53/190
2024
186/190
2025
Current account balance, % of GDP
+3.08%
2024
-7.9%
2025
Goods imports
$6.07B
2024
$139B
2025
Goods exports
$1.87B
2024
$102B
2025
Service imports
$3.46B
2024
$35.9B
2025
Service exports
$5.26B
2024
$50.1B
2025
Imports of goods and services, % of GDP
52.1%
2019
40.7%
2025
Exports of goods and services, % of GDP
38%
2019
35.5%
2025

Economic freedom indices

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

Jamaica Romania
Economic freedom 68.2 65.4
Economic freedom ranking 48/197 64/197
Property rights 66.8 81
Government integrity 49.4 50
Judicial effectiveness 75.6 67
Tax burden 76.3 89.1
Government spending 76 56.7
Fiscal health 92.2 21.4
Business freedom 68.5 74.4
Labor freedom 59.2 63.6
Monetary freedom 74.2 72.7
Trade freedom 70.4 79.4
Investment freedom 60 70
Financial freedom 50 60

Economic freedom comparison by year

Jamaica
Romania
1x
Year Economic freedom index
Jamaica Romania
2026 68.2 65.4
2025 68.7 66.5
2024 68.1 64.4
2023 68.1 64.5
2022 67.4 67.1
2021 69 69.5
2020 68.5 69.7
2019 68.6 68.6
2018 69.1 69.4
2017 69.5 69.7
2016 67.5 65.6
2015 67.7 66.6
2014 66.7 65.5
2013 66.8 65.1
2012 65.1 64.4
2011 65.7 64.7
2010 65.5 64.2
2009 65.2 63.2
2008 65.7 61.7
2007 65.5 61.2
2006 66.4 58.2
2005 67 52.1
2004 66.7 50
2003 67 50.6
2002 61.7 48.7
2001 63.7 50
2000 65.5 52.1
1999 64.7 50.1
1998 67.1 54.4
1997 67.7 50.8
1996 66.7 46.2
1995 64.4 42.9

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

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Romania
Services, % of GDP
59.8%
2025
61.7%
2025
Industry, % of GDP
16.3%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
8.74%
2025
3%
2025
GNI, Atlas method
$22.1B
2025
$384B
2025
GNI per capita, PPP
$13,090
2025
$49,550
2025
Total reserves including gold
$6.3B
2025
$90.6B
2025
Total reserves ranking
92/177
2025
31/177
2025
Net foreign direct investment
-$304M
2024
-$8.57B
2025
Net inflows of foreign direct investment
$305M
2024
$7.16B
2024
Net outflows of foreign direct investment
$1.07M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
8.2%
2023
19%
2023
Gross capital formation, % of GDP
22.6%
2019
25.9%
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/romania | 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 (1962–1999, 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 (2020–2025, 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.