Jamaica - Tax revenue

Tax revenue (current LCU)

The value for Tax revenue (current LCU) in Jamaica was 579,397,000,000 as of 2019. As the graph below shows, over the past 31 years this indicator reached a maximum value of 579,397,000,000 in 2019 and a minimum value of 4,933,241,000 in 1988.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1988 4,933,241,000
1989 6,198,180,000
1990 7,748,318,000
1991 11,483,790,000
1992 19,050,260,000
1993 28,947,760,000
1994 38,070,750,000
1995 50,260,910,000
1996 55,191,310,000
1997 59,224,320,000
1998 66,970,330,000
1999 75,962,110,000
2000 87,074,370,000
2001 90,568,170,000
2002 102,859,000,000
2003 131,070,000,000
2004 150,482,000,000
2005 162,576,000,000
2006 188,354,000,000
2007 219,518,000,000
2008 246,217,000,000
2009 265,860,000,000
2010 279,874,000,000
2011 289,882,000,000
2012 319,765,000,000
2013 343,836,000,000
2014 370,877,000,000
2015 411,854,000,000
2016 458,323,000,000
2017 496,895,000,000
2018 542,919,000,000
2019 579,397,000,000

Tax revenue (% of GDP)

Tax revenue (% of GDP) in Jamaica was 27.45 as of 2019. Its highest value over the past 31 years was 27.45 in 2019, while its lowest value was 19.91 in 1997.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1988 23.48
1989 24.49
1990 23.49
1991 23.08
1992 23.47
1993 21.33
1994 21.10
1995 21.74
1996 20.11
1997 19.91
1998 20.85
1999 21.89
2000 22.49
2001 21.41
2002 21.86
2003 24.07
2004 24.17
2005 23.22
2006 24.01
2007 24.79
2008 24.68
2009 24.96
2010 24.28
2011 23.36
2012 24.33
2013 24.01
2014 24.05
2015 24.82
2016 26.03
2017 26.22
2018 26.78
2019 27.45

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance