Jamaica vs Thailand: Economic Indicators Comparison

Thailand with a GDP of $505B ranked the 26th largest economy in the world, while Jamaica ranked 122nd with $15.7B. By GDP 5-years average growth and GDP per capita, Thailand and Jamaica ranked 86th vs 153rd and 89th vs 106th, respectively.

Gross Domestic Product & Income

StatJamaicaThailand
GDP$15.7B$505B
GDP growth, 1 year1.4%4.1%
GDP growth, 5-years average1%3.1%
Population2.9M65.9M
GDP per capita$5.4k$7.3k
GDP per capita growth1.45%3.8%
Purchasing Power Parity conversion factor73.9812.34
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.38
GDP per capita, PPP adjusted$9.4k$19k
GNI, Atlas method$14.6B$458.7B
GNI per capita$5k$6.6k
GNI, PPP adjusted$26.1B$1.3T
GNI per capita, PPP adjusted$8.9k$18k

Financial system and Human development

StatJamaicaThailand
Income Tax Rate25%35%
Corporate Tax Rate25%20%
Inflation, consumer prices3.7%1.1%
Inflation, GDP deflator4.8%1.4%
Unemployment9.5%0.7%
Economic Freedom Index68.569.4
Personal Freedom Index7.297.42
Human Freedom Index7.167.11
Property Rights Index62.159.5
Judical Effectiveness Index50.548
Business Freedom Index77.783
Fiscal Health Index80.296.4
Labor Freedom Index7463.7
Investment Freedom Index8055
Financial Freedom Index5060
Trade Freedom Index68.483
Monetary Freedom Index77.774
Government Spending Index74.885.9
Tax Burden Index8080.7
Government Integrity Index46.843.4
Corruption Perceptions Index4436
Life expectancy at birth, years74.376.7
Suicide mortality rate, per 100,000 people2.214.4
Mortality caused by road traffic injury, per 100,000 people13.632.7
Intentional homicides, per 100,000 people573.2
International tourism, number of arrivals2.5M38.2M

Government debt & reserves

StatJamaicaThailand
Central government debt, % of GDP99.4%42.1%
External debt stocks, % of GNI108%35.1%
External debt stocks$16.3B$169.2B
Short-term debt, % of total reserves56.4%29.3%
Total debt service, % of exports and primary income20.4%5.4%
Adjusted net savings including particulate emission damage, % of GNI15.9%14%
Gross savings, % of GDP21.3%32.2%
Gross capital formation, % of GDP23.3%25%
Total reserves including gold$3.5B$205.6B
Foreign direct investment net inflows$774.6M$13.4B

Exports, imports and economic structure

StatJamaicaThailand
Exports of goods and services, % of GDP38%66.8%
Imports of goods and services, % of GDP51.1%56.5%
Current account balance (balance of payments)-$287.6M$32.4B
Revenue excluding grants, % of GDP29.3%19.5%
Grants excluding technical cooperation, BoP$96.8M$90.4M
Personal remittances received$2.5B$7.5B
Industry including construction value added, % of GDP20.3%35%
Agriculture, forestry and fishing value added, % of GDP6.6%8.1%
Charges for the use of intellectual property, payments BoP$50.8M$5.3B
Charges for the use of intellectual property, receipts BoP$5.3M$163M
Expense, % of GDP26.7%18.5%
Government Expenditure, % of GDP29%21.7%

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

Thailand vs

CountryGDP
per capita
Population
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
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
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