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Economy of Jamaica vs Tunisia compared: GDP & Debt

Updated on by Georank team

Jamaica has a GDP of $22B compared to $51.3B for Tunisia, ranking 124/197 and 93/197 by economy size, respectively.

Jamaica has $14B in government debt (63.4% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Jamaica vs Tunisia GDP by year

Jamaica
Tunisia
1x
Year GDP, current $
Jamaica Tunisia
2024 $22,014,397,090 $51,332,285,657
2023 $21,418,804,320 $48,205,328,303
2022 $18,813,516,805 $44,929,920,093
2021 $15,963,885,376 $47,073,234,359
2020 $15,000,214,216 $42,491,780,918
2019 $17,026,269,263 $41,905,642,419
2018 $16,855,447,986 $42,686,504,460
2017 $15,783,583,237 $42,163,530,591
2016 $14,898,999,754 $44,360,072,680
2015 $14,963,589,916 $45,779,494,042
2014 $13,899,217,680 $50,271,812,921
2013 $14,264,205,153 $48,685,446,414
2012 $14,807,086,556 $47,311,401,813
2011 $14,444,661,522 $48,123,325,825
2010 $13,220,549,908 $46,206,091,938
2009 $12,120,458,115 $43,455,740,497
2008 $13,709,401,520 $44,859,439,902
2007 $12,799,600,047 $38,915,353,867
2006 $11,930,179,090 $34,376,664,601
2005 $11,243,865,778 $32,272,186,695
2004 $10,174,664,854 $31,183,885,241
2003 $9,430,234,811 $27,453,902,261
2002 $9,719,009,495 $23,141,616,605
2001 $9,194,727,831 $22,065,832,449
2000 $9,005,064,475 $21,473,528,161
1999 $8,887,057,997 $22,943,202,175
1998 $8,787,195,622 $21,802,893,587
1997 $8,400,041,724 $20,746,210,354
1996 $7,393,891,921 $19,587,161,807
1995 $6,577,520,643 $18,030,876,599
1994 $5,452,558,947 $15,633,174,304
1993 $5,440,075,676 $14,608,335,608
1992 $3,535,460,090 $15,496,708,060
1991 $4,106,207,649 $13,074,782,609
1990 $4,592,208,087 $12,290,568,182
1989 $4,404,937,853 $10,101,851,745
1988 $3,828,342,820 $10,096,245,762
1987 $3,287,007,322 $9,696,715,911
1986 $2,754,549,582 $9,017,806,654
1985 $2,100,239,019 $8,410,226,053
1984 $2,373,564,549 $8,254,541,195
1983 $3,619,262,277 $8,350,582,748
1982 $3,293,496,312 $8,133,580,052
1981 $2,979,027,966 $8,428,445,294
1980 $2,679,379,372 $8,744,134,354
1979 $2,425,064,229 $7,188,863,904
1978 $2,644,527,822 $5,968,460,080
1977 $3,249,733,140 $5,109,324,009
1976 $2,966,042,856 $4,508,191,942
1975 $2,860,442,750 $4,328,965,588
1974 $2,375,122,375 $3,545,868,575
1973 $1,905,917,553 $2,730,813,385
1972 $1,875,146,587 $2,237,556,149
1971 $1,539,861,816 $1,685,162,272
1970 $1,404,720,442 $1,439,238,095
1969 $1,191,239,047 $1,289,904,762
1968 $1,083,839,133 $1,214,666,667
1967 $1,148,014,311 $1,085,714,286
1966 $1,096,759,561 $1,040,952,381
1965 $972,159,611 $991,047,619
1964 $897,949,001 $1,025,866,792
1963 $826,706,669 $1,026,737,600
1962 $777,727,689 $880,027,733
1961 $748,043,501 $866,155,429
1960 $699,064,380 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Jamaica vs Tunisia by year

Jamaica
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jamaica Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,754 $12,890 $4,181 $14,521
2023 $7,542 $12,651 $3,951 $14,041
2022 $6,626 $11,888 $3,707 $13,619
2021 $5,626 $10,431 $3,907 $12,444
2020 $5,299 $9,764 $3,549 $11,918
2019 $6,031 $10,845 $3,529 $12,495
2018 $5,977 $10,753 $3,628 $11,841
2017 $5,605 $10,466 $3,619 $11,289
2016 $5,302 $9,948 $3,848 $10,994
2015 $5,339 $9,476 $4,015 $10,783
2014 $4,975 $9,210 $4,459 $10,947
2013 $5,124 $9,101 $4,370 $10,672
2012 $5,341 $8,831 $4,297 $10,615
2011 $5,233 $8,809 $4,421 $10,436
2010 $4,810 $8,521 $4,292 $10,555
2009 $4,428 $8,580 $4,080 $10,237
2008 $5,030 $8,952 $4,255 $9,975
2007 $4,716 $8,893 $3,727 $9,479
2006 $4,417 $8,577 $3,323 $8,729
2005 $4,184 $8,127 $3,147 $8,117
2004 $3,808 $7,854 $3,067 $7,672
2003 $3,550 $7,593 $2,726 $7,098
2002 $3,681 $7,226 $2,321 $6,715
2001 $3,504 $7,019 $2,236 $6,593
2000 $3,453 $6,816 $2,199 $6,279
1999 $3,432 $6,653 $2,376 $5,930
1998 $3,419 $6,543 $2,285 $5,579
1997 $3,297 $6,682 $2,202 $5,333
1996 $2,929 $6,706 $2,107 $5,040
1995 $2,631 $6,657 $1,968 $4,686
1994 $2,203 $6,435 $1,733 $4,555
1993 $2,221 $6,279 $1,649 $4,401
1992 $1,458 $5,664 $1,785 $4,292
1991 $1,710 $5,485 $1,538 $3,975
1990 $1,930 $5,106 $1,476 $3,780
1989 $1,865 - $1,239 -
1988 $1,632 - $1,266 -
1987 $1,411 - $1,245 -
1986 $1,191 - $1,187 -
1985 $917 - $1,135 -
1984 $1,048 - $1,143 -
1983 $1,619 - $1,184 -
1982 $1,494 - $1,177 -
1981 $1,370 - $1,247 -
1980 $1,249 - $1,324 -
1979 $1,144 - $1,113 -
1978 $1,262 - $946 -
1977 $1,569 - $830 -
1976 $1,450 - $752 -
1975 $1,417 - $741 -
1974 $1,193 - $624 -
1973 $972 - $493 -
1972 $971 - $415 -
1971 $809 - $320 -
1970 $748 - $280.5 -
1969 $642 - $257.7 -
1968 $591 - $248.9 -
1967 $633 - $228 -
1966 $612 - $223.8 -
1965 $549 - $217.3 -
1964 $514 - $228.5 -
1963 $480 - $231.9 -
1962 $458 - $201.4 -
1961 $447 - $200.7 -
1960 $424 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Jamaica's GDP per capita is $7,754, ranking 95/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 121st at $12,890, while Tunisia ranks 114th at $14,521.

Economic indicators

Jamaica Tunisia
Gross domestic product
$22B
2024
$51.3B
2024
GDP rank
124/197
2024
93/197
2024
GDP growth
-0.54%
2023-2024
1.61%
2023-2024
GDP per capita
$7,754
2024
$4,181
2024
GDP per capita rank
95/197
2024
129/197
2024
GDP per capita, PPP
$12,890
2024
$14,521
2024
GDP per capita PPP rank
121/197
2024
114/197
2024
Government debt
$14B
2024
$42.8B
2024
Debt-to-GDP ratio
63.4%
2024
83.4%
2024
Government debt per person
$4,917
2024
$3,487
2024
Government debt per person rank
79/185
2024
94/185
2024
Average annual personal income after taxes
$6,905
2026
$3,951
2026
Market capitalization of domestic companies
$12.4B
2024
$8.3B
2024
Income share by richest 10%
29.6%
2021
27%
2021
Income share by poorest 10%
2.2%
2021
3.1%
2021
Government expenditure, % of GDP
30.5%
2024
33.8%
2024
Consumer prices inflation
5.41%
2023-2024
7%
2023-2024
Central bank interest rate
5.75%
2025
7.5%
2025
Unemployment rate
3.02%
2023
15.1%
2023
Population
2834980
12437803

Spending and national debt comparison by year

Jamaica
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Jamaica Tunisia
Government spending Government debt Government spending Government debt
2024 30.5% 63.4% 33.8% 83.4%
2023 28% 67.3% 35.7% 84%
2022 28.4% 73.5% 36.5% 83%
2021 29% 90.9% 33.2% 79.7%
2020 29.8% 100.1% 34.5% 77.7%
2019 27.8% 88.6% 29.5% 67.3%
2018 27.8% 89.2% 28.7% 72.9%
2017 27.3% 96.7% 28.7% 67.1%
2016 27% 109.1% 27.2% 58.9%
2015 26.3% 117.6% 27.4% 52.4%
2014 26.5% 136.7% 27.7% 50.7%
2013 26.9% 138.1% 30.8% 45.6%
2012 29.6% 143% 28.3% 49%
2011 31.7% 138.1% 27.9% 43.3%
2010 32.9% 140.1% 24% 38.8%
2009 38.6% 141.5% 24.6% 40.3%
2008 34.4% 125.6% 23.7% 41.4%
2007 31.6% 115.3% 23.3% 42.7%
2006 31.2% 118% 22.9% 45.7%
2005 29.3% 124.5% 23% 50%
2004 31.5% 120.1% 23% 51.6%
2003 32.5% 125.5% 23.5% 52.6%
2002 31.1% 119.1% 24.1% 51.6%
2001 28.5% 107.9% 24% 52.2%
2000 26.2% 91.3% 24% 62.9%
1999 28.9% 83.5% 24% 61.9%
1998 28.3% 75.6% 24.2% 58.2%
1997 28.3% 74.4% 24.5% 66.6%
1996 27.7% 70.2% 26.7% 66.8%
1995 23.1% 85.2% 26.6% 65.6%
1994 21.5% 90.4% 25.9% 63.9%
1993 21.5% 106.2% 26.7% 63.8%
1992 20% 100.4% 25.7% 62.1%
1991 24.5% 175.1% 27.6% 63.3%
1990 25.7% 128.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Jamaica's government spending was $6.72B, accounting for 30.5% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 63.4% in Jamaica and 83.4% in Tunisia, ranking 73/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Jamaica

Tunisia
1x
Year Deficit/surplus, % of GDP
Jamaica Tunisia
2024 0.22% -5.92%
2023 0.04% -7.03%
2022 0.27% -6.91%
2021 0.89% -7.6%
2020 -2.83% -9.06%
2019 0.85% -3.6%
2018 1.12% -4.27%
2017 0.43% -5.61%
2016 -0.19% -5.87%
2015 -0.28% -4.95%
2014 -0.49% -3.11%
2013 0.12% -7.05%
2012 -4.05% -4.9%
2011 -6.34% -3.19%
2010 -6.27% -0.46%
2009 -11.1% -2.59%
2008 -7.43% -0.62%
2007 -3.82% -2.47%
2006 -4.9% -2.33%
2005 -3.3% -2.59%
2004 -4.68% -2.1%
2003 -5.67% -2.64%
2002 -6.77% -2.55%
2001 -4.89% -2.87%
2000 -0.8% -3.22%
1999 -3.53% -3.05%
1998 -5.82% -2.84%
1997 -6.54% -3.7%
1996 -5.32% -5.18%
1995 1.6% -4.53%
1994 2.59% -2.87%
1993 2.6% -3.22%
1992 3.11% -3.45%
1991 3.87% -5.25%
1990 2.34% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Jamaica's government surplus, the difference between spending and revenue, was $49.1M, equivalent to 0.22% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Jamaica recorded a fiscal deficit in 21 of those years, while Tunisia ran a deficit in 34 years. On average, Jamaica posted an annual deficit equal to 2.27% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Jamaica

Tunisia
1x
Year Consumer prices inflation
Jamaica Tunisia
2024 5.41% 7%
2023 6.47% 9.3%
2022 10.3% 8.3%
2021 5.86% 5.7%
2020 5.23% 5.6%
2019 3.91% 6.7%
2018 3.74% 7.3%
2017 4.38% 5.3%
2016 2.35% 3.6%
2015 3.69% 4.4%
2014 8.27% 4.6%
2013 9.34% 5.3%
2012 6.87% 4.6%
2011 7.56% 3.2%
2010 12.6% 4.4%
2009 9.59% 3.5%
2008 22% 4.9%
2007 9.24% 3.4%
2006 8.56% 4.1%
2005 15.1% 2%
2004 13.6% 3.7%
2003 10.1% 2.7%
2002 7.08% 2.7%
2001 6.8% 1.9%
2000 8.17% 2.8%
1999 5.95% 2.8%
1998 8.63% 3.1%
1997 9.66% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Jamaica has recorded an average annual inflation rate of 8.23%, compared with 4.52% in Tunisia. In 2024, inflation was 5.41% in Jamaica and 7% in Tunisia.

Top exports between countries

Jamaica
Export category Export value
Tunisia
Export category Export value
Processed food, beverages & tobacco $18K

Balance of trade

Jamaica Tunisia
Current account balance
$679M
2024
-$775M
2024
Current account balance ranking
56/190
2024
117/190
2024
Current account balance, % of GDP
+3.08%
2024
-1.51%
2024
Goods imports
$6.07B
2024
$18.7B
2024
Goods exports
$1.87B
2024
$8.95B
2024
Service imports
$3.46B
2024
$3.92B
2024
Service exports
$5.26B
2024
$11.2B
2024
Imports of goods and services, % of GDP
52.1%
2019
56.3%
2024
Exports of goods and services, % of GDP
38%
2019
50%
2024

Economic freedom indices

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

Jamaica Tunisia
Economic freedom 68.2 48.1
Economic freedom ranking 48/197 172/197
Property rights 66.8 55.7
Government integrity 49.4 42.1
Judicial effectiveness 75.6 39.7
Tax burden 76.3 68.5
Government spending 76 62.5
Fiscal health 92.2 16
Business freedom 68.5 59.4
Labor freedom 59.2 55.8
Monetary freedom 74.2 72.4
Trade freedom 70.4 54.6
Investment freedom 60 20
Financial freedom 50 30

Economic freedom comparison by year

Jamaica
Tunisia
1x
Year Economic freedom index
Jamaica Tunisia
2026 68.2 48.1
2025 68.7 49.1
2024 68.1 48.8
2023 68.1 52.9
2022 67.4 54.2
2021 69 56.6
2020 68.5 55.8
2019 68.6 55.4
2018 69.1 58.9
2017 69.5 55.7
2016 67.5 57.6
2015 67.7 57.7
2014 66.7 57.3
2013 66.8 57
2012 65.1 58.6
2011 65.7 58.5
2010 65.5 58.9
2009 65.2 58
2008 65.7 60.1
2007 65.5 60.3
2006 66.4 57.5
2005 67 55.4
2004 66.7 58.4
2003 67 58.1
2002 61.7 60.2
2001 63.7 60.8
2000 65.5 61.3
1999 64.7 61.1
1998 67.1 63.9
1997 67.7 63.8
1996 66.7 63.9
1995 64.4 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Jamaica is 68.2, ranking 48/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jamaica Tunisia
Services, % of GDP
60%
2024
62.6%
2024
Industry, % of GDP
16.5%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.97%
2024
9.74%
2024
GNI, Atlas method
$20.5B
2024
$47.7B
2024
GNI per capita, PPP
$12,690
2024
$14,230
2024
Total reserves including gold
$5.63B
2024
$9.34B
2024
Total reserves ranking
93/177
2024
80/177
2024
Net foreign direct investment
-$304M
2024
-$725M
2024
Net inflows of foreign direct investment
$305M
2024
$760M
2024
Net outflows of foreign direct investment
$1.07M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
10.9%
2024
Poverty at national poverty lines
8.2%
2023
16.6%
2021
Gross capital formation, % of GDP
22.6%
2019
7.86%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.