Jamaica 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$19.42 billion
↑ 13.60% vs 2022GDP per Capita
$6,839.73
↑ 13.58% vs 2022GDP Growth (Annual %)
2.20%
↓ 3.02pp vs 2022Inflation Rate (CPI %)
6.47%
↓ 3.88pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $17.10 billion | $19.42 billion | +13.60% |
| GDP per Capita | $6,022.15 | $6,839.73 | +13.58% |
| GDP Growth (Annual %) | 5.22% | 2.20% | -3.02pp |
| Inflation (CPI %) | 10.35% | 6.47% | -3.88pp |
| Unemployment Rate (%) | 4.08% | 4.40% | +0.32pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $19.42 billion
- GDP per Capita
- $6,839.73
- GDP Growth (Annual %)
- 2.20%
- Gross National Income
- $19.13 billion
Prices & Employment
- Inflation (CPI %)
- 6.47%
- Inflation (GDP Deflator %)
- 11.69%
- Unemployment Rate (%)
- 4.40%
- Interest Rate (Real %)
- -0.03%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 2.93%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Jamaica's Gross Domestic Product (GDP) is $19.42 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Jamaica for 2023 is $6,839.73. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Jamaica for 2023 is 6.47%. This measures the annual percentage change in the cost of consumer goods and services.
Jamaica's annual GDP growth rate for 2023 is 2.20%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Jamaica for 2023 is 4.40%. This represents the percentage of the labor force that is unemployed and actively seeking employment.