Services sector's share of GDP in Jamaica

In 2023, the share of value added by the services industry to gross domestic product in Jamaica increased by 1.8 percentage points (+3.09 percent) compared to 2022. In total, the share amounted to 60.14 percent in 2023.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources

Find more statistics on other topics about Jamaica with key insights such as value added by the agriculture, forestry and fishing sector to the gross domestic product, value added by the services industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

Share of value added by the services industry to gross domestic product (GDP) in Jamaica from 2007 to 2023

Characteristic	Share of GDP
2023	60.14%
2022	58.33%
2021	58.22%
2020	59.74%
2019	59.81%
2018	59.25%
2017	59.78%
2016	61.25%
2015	61.84%
2014	63.64%
2013	64.27%
2012	65.45%
2011	65.87%
2010	66.54%
2009	68.14%
2008	66.47%
2007	64.75%

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Release date

October 2024

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Region

Jamaica

Survey time period

2007 to 2023

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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