Jamaica's inflation, GDP deflator, linked series (annual % growth) was 4.8% in 2025, the latest year in the World Bank's World Development Indicators. That is down 1.85 percentage points from 6.66% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.8% | 2025 |
| Five years earlier | 2.63% | 2020 |
| Ten years earlier | 6.66% | 2015 |
| Highest | 60.04% | 1992 |
| Lowest | 2.63% | 2020 |
| Average since 2016 | 6% | 2016–2025 |
| First recorded | 25.12% | 1990 |
What the numbers say
In 2025, Jamaica's inflation, GDP deflator, linked series (annual % growth) fell 0.06 percentage points on 2024 (from 4.86% to 4.8%).
Across the 30 yearly changes before that (1995 to 2024), the average change was −0.87 percentage points and a typical year strayed about 3.42 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 28.01 percentage points in 1991 and the biggest yearly fall was 21.7 percentage points in 1994. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Jamaica had the 57th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Jamaica in the 2025 ranking
- Solomon Islands — 53rd of 186: 4.99%
- St. Vincent and the Grenadines — 54th of 186: 4.91%
- Russian Federation — 55th of 186: 4.85%
- Tajikistan — 57th of 186: 4.77%
- Croatia — 58th of 186: 4.67%
- Georgia — 59th of 186: 4.64%
What this measures
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
All 36 values
| Year | Inflation, GDP deflator, linked series (annual % growth) |
|---|---|
| 2025 | 4.8 |
| 2024 | 4.86 |
| 2023 | 11.33 |
| 2022 | 12.66 |
| 2021 | 6.61 |
| 2020 | 2.63 |
| 2019 | 2.64 |
| 2018 | 4.91 |
| 2017 | 5.94 |
| 2016 | 3.62 |
| 2015 |
Inflation, GDP deflator, linked series (annual % growth) in nearby economies
- Antigua and Barbuda — 2.98% (2025)
- Argentina — 39.09% (2025)
- Aruba — 4.14% (2024)
- Bahamas, The — 0.29% (2024)
- Barbados — 2.74% (2025)
- Belize — 1.06% (2025)
- Bolivia — 19.91% (2025)
- Brazil — 5.73% (2025)
- Cayman Islands — 2.4% (2024)
More financial sector data for Jamaica
- Domestic credit to private sector by banks (% of GDP) — 45.67% (2025)
- Net domestic credit (current LCU) — 2.02 trillion (2025)
- Net foreign assets (current LCU) — 1.11 trillion (2025)
- Monetary sector credit to private sector (% of GDP) — 45.82% (2025)
- Broad money (current LCU) — 2.38 trillion (2025)
- Broad money (% of GDP) — 65.77% (2025)
- Broad money to total reserves ratio — 2.37 (2025)
- Consumer price index (2010 = 100) — 233.16 (2025)
- Inflation, consumer prices (annual % growth) — 4% (2025)
- Claims on central government, etc. (% of GDP)
Reading data like this
Questions people ask
- What is Jamaica's inflation, GDP deflator, linked series (annual % growth)?
- 4.8% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is down 20.31 percentage points from 25.12% in 1990. The highest value was 60.04% in 1992 and the lowest 2.63% in 2020.
- How does Jamaica rank?
- 57th highest of 186 economies with data for 2025.
- Is the latest change in inflation, GDP deflator, linked series (annual % growth) unusual for Jamaica?
- In 2025, Jamaica's inflation, GDP deflator, linked series (annual % growth) fell 0.06 percentage points on 2024 (from 4.86% to 4.8%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.87 percentage points and a typical year strayed about 3.42 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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