Jamaica: Merchandise trade (% of GDP)
In , Jamaica's Merchandise trade (% of GDP) was 41.59.
That's down 7.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Jamaica ranks #138 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #21 of 36.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 79.54
- Trough
- 40.06
- 1-year change
- -7.2%
- 5-year change
- -11.9%
- -2.5% / yr
- 10-year change
- -20.7%
- -2.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 41.5864 | |
| 44.7924 | |
| 51.1972 | |
| 46.6804 | |
| 40.1061 | |
| 47.2211 | |
| 48.2455 | |
| 45.1608 | |
| 40.0631 | |
| 41.8081 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Jamaica's Merchandise trade (% of GDP) in 2024?
- In 2024, Jamaica's Merchandise trade (% of GDP) was 41.59, according to World Bank Open Data.
- Is Jamaica's Merchandise trade (% of GDP) rising or falling?
- Jamaica's Merchandise trade (% of GDP) fell 7.2% from 2023 to 2024.
- How does Jamaica rank globally on Merchandise trade (% of GDP)?
- In 2024, Jamaica ranked #138 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Jamaica's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Jamaica is below the world average. Within Latin America & Caribbean, it ranks #21 of 36.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.