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Economy of Jamaica vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Jamaica has a GDP of $19.9B compared to $115B for Uzbekistan, ranking 130/197 and 66/197 by economy size, respectively.

Jamaica has $13.9B in government debt (65.3% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Jamaica
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Jamaica Uzbekistan
Current $ Constant $ Current $ Constant $
1960 $699,064,380 - - -
1961 $748,043,501 - - -
1962 $777,727,689 - - -
1963 $826,706,669 - - -
1964 $897,949,001 - - -
1965 $972,159,611 - - -
1966 $1,096,759,561 $7,024,390,231 - -
1967 $1,148,014,311 $7,151,436,058 - -
1968 $1,083,839,133 $7,562,224,001 - -
1969 $1,191,239,047 $7,983,793,326 - -
1970 $1,404,720,442 $8,946,990,810 - -
1971 $1,539,861,816 $9,166,914,416 - -
1972 $1,875,146,587 $10,817,743,267 - -
1973 $1,905,917,553 $10,224,334,976 - -
1974 $2,375,122,375 $9,791,921,133 - -
1975 $2,860,442,750 $9,766,844,781 - -
1976 $2,966,042,856 $9,113,028,254 - -
1977 $3,249,733,140 $8,876,312,907 - -
1978 $2,644,527,822 $8,871,546,299 - -
1979 $2,425,064,229 $8,777,504,243 - -
1980 $2,679,379,372 $8,275,943,672 - -
1981 $2,979,027,966 $8,494,382,902 - -
1982 $3,293,496,312 $8,670,151,359 - -
1983 $3,619,262,277 $8,835,671,346 - -
1984 $2,373,564,549 $8,699,394,740 - -
1985 $2,100,239,019 $8,443,316,262 - -
1986 $2,754,549,582 $8,602,269,136 - -
1987 $3,287,007,322 $9,277,577,786 $8,523,160,593 $28,089,418,035
1988 $3,828,342,820 $9,646,296,747 $10,722,799,639 $30,656,392,613
1989 $4,404,937,853 $10,338,254,971 $11,948,815,258 $31,604,071,830
1990 $4,592,208,087 $10,772,517,002 $13,362,340,338 $32,109,736,981
1991 $4,106,207,649 $11,293,717,094 $13,800,167,712 $31,951,757,074
1992 $3,535,460,090 $11,514,570,532 $12,953,801,760 $28,373,160,282
1993 $5,440,075,676 $12,598,909,449 $13,099,920,056 $27,720,577,595
1994 $5,452,558,947 $12,773,201,477 $12,899,074,922 $26,279,107,562
1995 $6,577,520,643 $13,073,366,225 $13,350,461,265 $26,042,595,592
1996 $7,393,891,921 $13,058,497,728 $13,948,892,216 $26,485,319,718
1997 $8,400,041,724 $12,909,570,801 $14,744,603,774 $27,862,556,343
1998 $8,787,195,622 $12,608,189,959 $14,988,971,211 $29,060,646,266
1999 $8,887,057,997 $12,740,282,670 $17,078,465,982 $30,310,254,055
2000 $9,005,064,475 $12,852,231,986 $13,760,513,969 $31,472,652,299
2001 $9,194,727,831 $13,025,085,454 $11,401,421,329 $32,783,122,633
2002 $9,719,009,495 $13,285,234,306 $9,687,788,513 $34,085,756,140
2003 $9,430,234,811 $13,772,313,189 $10,134,453,435 $35,528,479,188
2004 $10,174,664,854 $13,954,620,755 $12,030,023,548 $38,174,995,818
2005 $11,243,865,778 $14,079,346,868 $14,307,509,839 $40,828,160,774
2006 $11,930,179,090 $14,487,524,782 $17,330,833,853 $43,870,437,889
2007 $12,799,600,047 $14,694,979,478 $22,311,393,928 $48,026,286,798
2008 $13,709,401,520 $14,575,694,936 $29,549,438,884 $52,362,657,564
2009 $12,120,458,115 $13,942,336,993 $33,689,223,673 $56,578,340,213
2010 $13,220,549,908 $13,739,176,618 $49,765,676,402 $60,876,691,748
2011 $14,444,661,522 $13,976,916,070 $60,178,909,297 $65,457,747,965
2012 $14,807,086,556 $13,891,148,676 $67,517,349,212 $70,106,848,439
2013 $14,264,205,153 $13,963,061,209 $73,180,037,915 $75,222,229,948
2014 $13,899,217,680 $14,059,381,527 $80,845,385,809 $80,392,884,506
2015 $14,188,936,918 $14,188,936,918 $86,196,264,755 $86,196,264,755
2016 $14,077,096,677 $14,384,066,451 $86,138,288,644 $91,309,557,165
2017 $14,808,985,133 $14,527,493,295 $69,703,222,283 $95,322,862,969
2018 $15,730,792,876 $14,802,051,831 $58,695,899,092 $100,622,047,496
2019 $15,830,766,531 $14,934,129,304 $67,293,639,798 $107,444,145,840
2020 $13,812,421,836 $13,452,615,522 $66,443,265,418 $109,123,866,128
2021 $14,657,586,159 $14,071,627,469 $77,340,060,003 $117,891,622,987
2022 $17,097,760,687 $14,806,380,290 $90,095,926,567 $124,966,702,851
2023 $19,423,355,367 $15,192,036,608 $102,641,879,249 $132,828,878,428
2024 $19,930,288,337 $15,082,835,198 $114,965,293,467 $141,462,755,525

Economic indicators

Jamaica Uzbekistan
Gross domestic product
$19.9B
2024
$115B
2024
GDP rank
130/197
2024
66/197
2024
GDP growth
2.61%
2023-2024
12%
2023-2024
GDP per capita
$7,020
2024
$3,162
2024
GDP per capita rank
104/197
2024
139/197
2024
GDP per capita, PPP
$11,662
2024
$11,879
2024
Government debt
$13.9B
2024
$37.5B
2024
Debt-to-GDP ratio
65.3%
2025
33%
2025
Government debt per person
$4,908
2024
$1,032
2024
Government debt per person rank
79/185
2024
142/185
2024
Average annual personal income after taxes
$6,964
2025
$3,203
2025
Market capitalization of domestic companies
$12.4B
2024
$18.8B
2024
Income share by richest 10%
29.6%
2021
25.7%
2024
Income share by poorest 10%
2.2%
2021
2.3%
2024
Government expenditure, % of GDP
32.1%
2025
27.8%
2025
Consumer prices inflation
5.41%
2023-2024
9.1%
2024-2025
Central bank interest rate
5.75%
2025
14%
2025
Unemployment rate
3.02%
2023
5.29%
2020
Population
2837071
37592263

GDP per capita in Jamaica vs Uzbekistan

Jamaica's GDP per capita is $7,020, ranking 104/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Jamaica ranks 127th at $11,662, while Uzbekistan ranks 123rd at $11,879.

Jamaica
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Jamaica Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $424 - - -
1961 $447 - - -
1962 $458 - - -
1963 $480 - - -
1964 $514 - - -
1965 $549 - - -
1966 $612 - - -
1967 $633 - - -
1968 $591 - - -
1969 $642 - - -
1970 $748 - - -
1971 $809 - - -
1972 $971 - - -
1973 $972 - - -
1974 $1,193 - - -
1975 $1,417 - - -
1976 $1,450 - - -
1977 $1,569 - - -
1978 $1,262 - - -
1979 $1,144 - - -
1980 $1,249 - - -
1981 $1,370 - - -
1982 $1,494 - - -
1983 $1,619 - - -
1984 $1,048 - - -
1985 $917 - - -
1986 $1,191 - - -
1987 $1,411 - $450 -
1988 $1,632 - $551 -
1989 $1,865 - $598 -
1990 $1,930 $4,841 $653 $2,665
1991 $1,710 $5,201 $658 $2,676
1992 $1,458 $5,370 $603 $2,371
1993 $2,221 $5,954 $596 $2,318
1994 $2,203 $6,102 $574 $2,197
1995 $2,631 $6,313 $583 $2,178
1996 $2,929 $6,359 $597 $2,214
1997 $3,297 $6,336 $621 $2,329
1998 $3,419 $6,204 $621 $2,418
1999 $3,432 $6,309 $698 $2,522
2000 $3,453 $6,464 $555 $2,644
2001 $3,504 $6,656 $454 $2,782
2002 $3,681 $6,852 $381 $2,902
2003 $3,550 $7,200 $394 $3,047
2004 $3,808 $7,447 $462 $3,321
2005 $4,184 $7,707 $543 $3,618
2006 $4,417 $8,133 $649 $3,956
2007 $4,716 $8,432 $824 $4,386
2008 $5,030 $8,488 $1,075 $4,800
2009 $4,428 $8,135 $1,206 $5,135
2010 $4,810 $8,080 $1,753 $5,505
2011 $5,233 $8,353 $2,088 $5,949
2012 $5,341 $8,373 $2,307 $6,168
2013 $5,124 $8,630 $2,462 $6,413
2014 $4,975 $8,733 $2,675 $6,610
2015 $5,063 $8,986 $2,803 $6,800
2016 $5,010 $9,399 $2,753 $6,919
2017 $5,259 $9,820 $2,191 $7,818
2018 $5,578 $10,035 $1,813 $8,129
2019 $5,607 $10,084 $2,041 $8,544
2020 $4,879 $8,991 $1,978 $8,452
2021 $5,165 $9,577 $2,259 $9,248
2022 $6,022 $10,790 $2,579 $10,293
2023 $6,840 $11,467 $2,879 $11,107
2024 $7,020 $11,662 $3,162 $11,879

Spending and national debt comparison

In 2024, Jamaica's government spending was $6.68B, accounting for 32.1% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 65.3% in Jamaica and 33% in Uzbekistan, ranking 66/185 and 155/185, respectively.

Jamaica
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Jamaica Uzbekistan
Government spending Government debt Government spending Government debt
1990 26.3% 128.8% - -
1991 25.1% 175.1% - -
1992 20.5% 100.4% 18% -
1993 22.1% 106.2% 39.6% -
1994 22.1% 90.4% 27.1% -
1995 23.7% 85.2% 29.4% -
1996 28.4% 70.2% 35.1% -
1997 29% 74.4% 31.8% 15.3%
1998 29% 75.6% 35.1% 18%
1999 29.7% 85.6% 33.6% 18.4%
2000 26.9% 93.7% 32.9% 29.5%
2001 29.3% 110.7% 30.6% 44.8%
2002 31.9% 122.2% 34.6% 41.6%
2003 33.3% 128.8% 31.5% 31.4%
2004 32.4% 123.3% 29.4% 26.9%
2005 30% 127.7% 28.1% 21%
2006 32% 121.1% 24.7% 13.5%
2007 32.4% 118.2% 24.8% 9.56%
2008 35.3% 128.9% 26.5% 8.33%
2009 39.6% 145.2% 27.5% 7.3%
2010 33.7% 143.7% 26.4% 6.61%
2011 32.5% 141.7% 23.7% 6.33%
2012 30.4% 146.7% 23.9% 6.76%
2013 27.6% 141.7% 25.2% 6.23%
2014 27.2% 140.3% 24.9% 6.09%
2015 27.8% 124% 24.6% 6.72%
2016 28.6% 115.4% 23.3% 8.19%
2017 29.1% 103% 19.9% 17.3%
2018 29.8% 95.6% 22.2% 17.5%
2019 29.9% 94.7% 24.3% 25.4%
2020 32.3% 108.7% 26% 33.7%
2021 31.6% 99% 27.4% 31.7%
2022 31.3% 80.9% 31.4% 30.5%
2023 30.9% 74.2% 29.9% 32.2%
2024 33.5% 69.9% 27.8% 32.6%
2025 32.1% 65.3% 27.8% 33%

Government deficit by year

In 2024, Jamaica's government surplus, the difference between spending and revenue, was $52M, equivalent to 0.26% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, Jamaica recorded a fiscal deficit in 21 of those years, while Uzbekistan ran a deficit in 20 years. On average, Jamaica posted an annual deficit equal to -2.52% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Jamaica

Uzbekistan
Year Deficit/surplus, % of GDP
Jamaica Uzbekistan
1990 2.4% -
1991 3.97% -
1992 3.19% 7.15%
1993 2.66% -12%
1994 2.66% -4.47%
1995 1.65% -1.77%
1996 -5.45% -1.57%
1997 -6.71% -2.05%
1998 -5.97% -3.04%
1999 -3.62% -2.91%
2000 -0.82% -3.66%
2001 -5.01% -3.28%
2002 -6.94% -6.31%
2003 -5.82% -4.87%
2004 -4.8% -3.74%
2005 -3.39% -3.52%
2006 -5.03% 2.72%
2007 -3.92% 3.55%
2008 -7.62% 5.97%
2009 -11.4% 1.82%
2010 -6.44% 2.56%
2011 -6.51% 5.11%
2012 -4.16% 5.89%
2013 0.12% 2.15%
2014 -0.5% 1.9%
2015 -0.29% -0.28%
2016 -0.2% 0.7%
2017 0.46% 1.04%
2018 1.2% 1.64%
2019 0.92% -0.26%
2020 -3.08% -2.95%
2021 0.97% -4.1%
2022 0.3% -3.65%
2023 0.04% -3.98%
2024 0.26% -2.26%
2025 0.009% -2.27%

Inflation comparison by year

Over the past 29 years, Jamaica has recorded an average annual inflation rate of 8.86%, compared with 17.9% in Uzbekistan. In 2024, inflation was 5.41% in Jamaica and 9.1% in Uzbekistan.

Inflation
Jamaica

Uzbekistan
Year Inflation
Jamaica Uzbekistan Jamaica Uzbekistan
1996 26.4% 54%
1997 9.66% 70.9%
1998 8.63% 29%
1999 5.95% 29.1%
2000 8.17% 25%
2001 6.8% 27.3%
2002 7.08% 27.3%
2003 10.1% 12.5%
2004 13.6% 7.3%
2005 15.1% 10.7%
2006 8.56% 13.1%
2007 9.24% 11.2%
2008 22% 13.1%
2009 9.59% 12.3%
2010 12.6% 12.3%
2011 7.56% 12.4%
2012 6.87% 11.9%
2013 9.34% 11.7%
2014 8.27% 9.1%
2015 3.69% 8.5%
2016 2.35% 8.8%
2017 4.38% 13.9%
2018 3.74% 17.5%
2019 3.91% 14.5%
2020 5.23% 12.9%
2021 5.86% 10.8%
2022 10.3% 11.4%
2023 6.47% 10%
2024 5.41% 9.6%
2025 - 9.1%

Top exports between countries

Jamaica
Export category Export value
Uzbekistan
Export category Export value
Raw agricultural goods $115K
Machinery & equipment $1K

Balance of trade

Jamaica Uzbekistan
Current account balance
$679M
2024
-$5.72B
2024
Current account balance ranking
55/189
2024
170/189
2024
Current account balance, % of GDP
+3.41%
2024
-4.97%
2024
Goods imports
$6.07B
2024
$33.2B
2024
Goods exports
$1.87B
2024
$19.6B
2024
Service imports
$3.46B
2024
$10.5B
2024
Service exports
$5.26B
2024
$6.55B
2024
Imports of goods and services, % of GDP
52.1%
2019
38%
2024
Exports of goods and services, % of GDP
38%
2019
22.8%
2024

Economic freedom indices

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

Jamaica Uzbekistan
Economic freedom 68.7 58
Economic freedom ranking 46/197 111/197
Property rights 67.8 33.5
Government integrity 49.5 31.2
Judicial effectiveness 79.9 14.5
Tax burden 76.5 92.8
Government spending 72.8 73.6
Fiscal health 89 73.3
Business freedom 70.1 64.4
Labor freedom 64.4 47.9
Monetary freedom 72.8 64.6
Trade freedom 71.8 80.6
Investment freedom 60 60
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Jamaica is 68.7, ranking 46/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Jamaica
Uzbekistan
Year Economic freedom index
Jamaica Uzbekistan
1995 64.4 -
1996 66.7 -
1997 67.7 -
1998 67.1 31.5
1999 64.7 33.8
2000 65.5 38.1
2001 63.7 38.2
2002 61.7 38.5
2003 67 38.3
2004 66.7 39.1
2005 67 45.8
2006 66.4 48.7
2007 65.5 51.5
2008 65.7 51.9
2009 65.2 50.5
2010 65.5 47.5
2011 65.7 45.8
2012 65.1 45.8
2013 66.8 46
2014 66.7 46.5
2015 67.7 47
2016 67.5 46
2017 69.5 52.3
2018 69.1 51.5
2019 68.6 53.3
2020 68.5 57.2
2021 69 58.3
2022 67.4 55.7
2023 68.1 56.5
2024 68.1 55.9
2025 68.7 58

More economic indicators

Jamaica Uzbekistan
Services, % of GDP
60.3%
2024
45.2%
2024
Industry, % of GDP
18.3%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
9.8%
2024
18.3%
2024
GNI, Atlas method
$18.4B
2024
$110B
2024
GNI per capita, PPP
$11,410
2024
$12,000
2024
Total reserves including gold
$5.63B
2024
$41.2B
2024
Total reserves ranking
93/177
2024
50/177
2024
Net foreign direct investment
-$304M
2024
-$2.8B
2024
Net inflows of foreign direct investment
$305M
2024
$2.84B
2024
Net outflows of foreign direct investment
$1.07M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
12.7%
2023
8.24%
2023
Poverty at national poverty lines
8.2%
2023
8.9%
2024
Gross capital formation, % of GDP
24.3%
2019
33.3%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.