Jamaica—Tax Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #20 of 139Updated April 2026
Latest Value
23.7%
2020
YoY Change
-7.3%
2019 → 2020
Global Rank
#20
of 139 countries
Maximum
25.5%
2019
Minimum
21.4%
2001
CAGR
+0.3%
21 years
Last
23.7%
Previous
25.5%
Highest
25.5%
Lowest
21.4%
Source
World Bank World Development Indicators
Jamaica's tax revenue (% of gdp) was 23.7% in 2020, ranking #20 out of 139 countries. This represents a -7.3% change from 2019. Over the past 21 years, the highest recorded value was 25.5% (2019) and the lowest was 21.4% (2001). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 23.7% | -7.3% |
| 2019 | 25.5% | +2.1% |
| 2018 | 25.0% | +1.6% |
| 2017 | 24.6% | +0.0% |
| 2016 | 24.6% | +4.5% |
| 2015 | 23.5% | -2.2% |
| 2014 | 24.1% | +0.2% |
| 2013 | 24.0% | -1.3% |
| 2012 | 24.3% | +4.1% |
| 2011 | 23.4% | -3.8% |
| 2010 | 24.3% | -2.7% |
| 2009 | 25.0% | +1.1% |
| 2008 | 24.7% | -0.4% |
| 2007 | 24.8% | +3.2% |
| 2006 | 24.0% | +3.4% |
| 2005 | 23.2% | -3.9% |
| 2004 | 24.2% | +0.4% |
| 2003 | 24.1% | +10.1% |
| 2002 | 21.9% | +2.1% |
| 2001 | 21.4% | -4.8% |
| 2000 | 22.5% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 44.3% | 2020 |
| 2 | Lesotho | 37.3% | 2024 |
| 3 | Namibia | 33.0% | 2023 |
| 4 | Denmark | 31.6% | 2023 |
| 5 | New Zealand | 30.7% | 2023 |
| 6 | Sweden | 27.6% | 2023 |
| 7 | Norway | 27.1% | 2023 |
| 8 | United Kingdom | 27.0% | 2024 |
| 9 | Luxembourg | 26.8% | 2023 |
| 10 | Greece | 26.7% | 2023 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).