Jamaica: Taxes on goods and services

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.

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.