Jamaica: Taxes on goods and services

* indicates monthly or quarterly data series
 Jamaica

Taxes on goods and services, percent of total revenue

 Latest value 45.81
 Year 2020
 Measure percent
 Data availability 1988 - 2020
 Average 38.66
 Min - Max 24.87 - 49.29
 Source The World Bank
The latest value from 2020 is 45.81 percent, a decline from 48.24 percent in 2019. In comparison, the world average is 37.67 percent, based on data from 132 countries. Historically, the average for Jamaica from 1988 to 2020 is 38.66 percent. The minimum value, 24.87 percent, was reached in 1990 while the maximum of 49.29 percent was recorded in 2017. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Jamaica - Taxes on goods and services - Recent values chart

Historical series
Jamaica - Taxes on goods and services - historical chart - 1988-2020




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 13.58 2019 percent
 Government spending, in dollars 2.15 2019 billion U.S. dollars
 Fiscal balance, percent of GDP 0.29 2024 percent
 Government debt 67.88 2024 percent
 Tax revenue 25.71 2020 percent
 Commercial tax rate 35.10 2019 percent
 Tax preparation time 268 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 45.81 2020 percent
 Taxes on international trade 8.83 2020 percent
 Income and profits taxes 33.24 2020 percent
 Foreign aid 95.14 2022 million U.S. dollars
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