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Jamaica vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Jamaica ranked 122nd with $15.7B. By GDP 5-years average growth and GDP per capita, South Africa and Jamaica ranked 151st vs 153rd and 95th vs 106th, respectively.

Gross Domestic Product & Income

StatJamaicaSouth Africa
GDP$15.7B$368.3B
GDP growth, 1 year1.4%0.8%
GDP growth, 5-years average1%1.1%
Population2.9M57.7M
GDP per capita$5.4k$6.4k
GDP per capita growth1.45%-0.57%
Purchasing Power Parity conversion factor73.986.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.47
GDP per capita, PPP adjusted$9.4k$14k
GNI, Atlas method$14.6B$332.3B
GNI per capita$5k$5.8k
GNI, PPP adjusted$26.1B$765.8B
GNI per capita, PPP adjusted$8.9k$13k

Financial system and Human development

StatJamaicaSouth Africa
Income Tax Rate25%45%
Corporate Tax Rate25%28%
Inflation, consumer prices3.7%4.6%
Inflation, GDP deflator4.8%3.9%
Unemployment9.5%27%
Economic Freedom Index68.558.8
Personal Freedom Index7.296.92
Human Freedom Index7.166.78
Property Rights Index62.158.4
Judical Effectiveness Index50.538
Business Freedom Index77.762
Fiscal Health Index80.264
Labor Freedom Index7458.8
Investment Freedom Index8045
Financial Freedom Index5050
Trade Freedom Index68.475.8
Monetary Freedom Index77.775.9
Government Spending Index74.867.4
Tax Burden Index8063.7
Government Integrity Index46.846.6
Corruption Perceptions Index4443
Life expectancy at birth, years74.363.5
Suicide mortality rate, per 100,000 people2.211.6
Mortality caused by road traffic injury, per 100,000 people13.625.9
Intentional homicides, per 100,000 people5735.9
International tourism, number of arrivals2.5M10.5M

Government debt & reserves

StatJamaicaSouth Africa
Central government debt, % of GDP99.4%56.7%
External debt stocks, % of GNI108%50.6%
External debt stocks$16.3B$179.3B
Short-term debt, % of total reserves56.4%70.9%
Total debt service, % of exports and primary income20.4%19.9%
Adjusted net savings including particulate emission damage, % of GNI15.9%0.6%
Gross savings, % of GDP21.3%14.9%
Gross capital formation, % of GDP23.3%17.9%
Total reserves including gold$3.5B$51.6B
Foreign direct investment net inflows$774.6M$5.5B

Exports, imports and economic structure

StatJamaicaSouth Africa
Exports of goods and services, % of GDP38%29.9%
Imports of goods and services, % of GDP51.1%29.6%
Current account balance (balance of payments)-$287.6M-$13.4B
Revenue excluding grants, % of GDP29.3%30.9%
Grants excluding technical cooperation, BoP$96.8M$817.9M
Personal remittances received$2.5B$929M
Industry including construction value added, % of GDP20.3%25.9%
Agriculture, forestry and fishing value added, % of GDP6.6%2.2%
Charges for the use of intellectual property, payments BoP$50.8M$1.8B
Charges for the use of intellectual property, receipts BoP$5.3M$120.7M
Expense, % of GDP26.7%34.4%
Government Expenditure, % of GDP29%33%

Compare with countries close by GDP per capita

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M