Jamaica vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Jamaica ranked 122nd with $15.7B. By GDP 5-years average growth and GDP per capita, Singapore and Jamaica ranked 76th vs 153rd and 10th vs 106th, respectively.

Gross Domestic Product & Income

StatJamaicaSingapore
GDP$15.7B$364.2B
GDP growth, 1 year1.4%3.2%
GDP growth, 5-years average1%3.3%
Population2.9M5.9M
GDP per capita$5.4k$65k
GDP per capita growth1.45%2.66%
Purchasing Power Parity conversion factor73.980.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.64
GDP per capita, PPP adjusted$9.4k$100k
GNI, Atlas method$14.6B$331.4B
GNI per capita$5k$59k
GNI, PPP adjusted$26.1B$533.8B
GNI per capita, PPP adjusted$8.9k$95k

Financial system and Human development

StatJamaicaSingapore
Income Tax Rate25%22%
Corporate Tax Rate25%17%
Inflation, consumer prices3.7%0.4%
Inflation, GDP deflator4.8%1.9%
Unemployment9.5%3.8%
Economic Freedom Index68.589.4
Personal Freedom Index7.297.44
Human Freedom Index7.168.1
Property Rights Index62.196.8
Judical Effectiveness Index50.592.9
Business Freedom Index77.792.8
Fiscal Health Index80.280
Labor Freedom Index7490.9
Investment Freedom Index8085
Financial Freedom Index5080
Trade Freedom Index68.494.8
Monetary Freedom Index77.785.6
Government Spending Index74.891.1
Tax Burden Index8090.3
Government Integrity Index46.892.4
Corruption Perceptions Index4485
Life expectancy at birth, years74.382.9
Suicide mortality rate, per 100,000 people2.29.9
Mortality caused by road traffic injury, per 100,000 people13.62.8
Intentional homicides, per 100,000 people570.2
International tourism, number of arrivals2.5M14.7M

Government debt & reserves

StatJamaicaSingapore
Central government debt, % of GDP99.4%108.3%
External debt stocks, % of GNI108%N/A
External debt stocks$16.3BN/A
Short-term debt, % of total reserves56.4%N/A
Total debt service, % of exports and primary income20.4%N/A
Adjusted net savings including particulate emission damage, % of GNI15.9%36.8%
Gross savings, % of GDP21.3%45.8%
Gross capital formation, % of GDP23.3%26.6%
Total reserves including gold$3.5B$292.7B
Foreign direct investment net inflows$774.6M$82B

Exports, imports and economic structure

StatJamaicaSingapore
Exports of goods and services, % of GDP38%176.4%
Imports of goods and services, % of GDP51.1%149.8%
Current account balance (balance of payments)-$287.6M$65.1B
Revenue excluding grants, % of GDP29.3%18.8%
Grants excluding technical cooperation, BoP$96.8M$1.6M
Personal remittances received$2.5BN/A
Industry including construction value added, % of GDP20.3%25.2%
Agriculture, forestry and fishing value added, % of GDP6.6%0%
Charges for the use of intellectual property, payments BoP$50.8M$15.2B
Charges for the use of intellectual property, receipts BoP$5.3M$8.7B
Expense, % of GDP26.7%15.2%
Government Expenditure, % of GDP29%17.2%

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
North Macedonia
$6.1k
2.08M
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

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k