Customs and other import duties in Jamaica
Jamaica: Customs and other import duties was 45.45 billion current LCU in 2020. ◆ Volatile
Customs and other import duties in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, customs and other import duties in Jamaica stood at 45.45 billion current LCU.
That represents a change of down 12.2% on the previous year and up 90.0% over ten years.
Over the whole period, customs and other import duties in Jamaica peaked at 51.76 billion current LCU in 2019 and was at its lowest, 987.54 million current LCU, in 1988.
Jamaica ranks 52nd of 152 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.10 billion current LCU | 987.54 million current LCU | 1.22 billion current LCU | 2 |
| 1990s | 5.27 billion current LCU | 1.32 billion current LCU | 8.15 billion current LCU | 10 |
| 2000s | 16.13 billion current LCU | 9.23 billion current LCU | 24.39 billion current LCU | 10 |
| 2010s | 35.61 billion current LCU | 23.92 billion current LCU | 51.76 billion current LCU | 10 |
| 2020s | 45.45 billion current LCU | 45.45 billion current LCU | 45.45 billion current LCU | 1 |
Countries ranked near Jamaica
- 49 South Africa 74.87 billion current LCU compare
- 50 Dominican Republic 60.11 billion current LCU compare
- 51 Ukraine 47.59 billion current LCU compare
- 53 Afghanistan 44.79 billion current LCU compare
- 54 Kyrgyzstan 38.78 billion current LCU compare
- 55 Uruguay 35.16 billion current LCU compare
More public sector data for Jamaica
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.7% (2020)
- Taxes on income, profits and capital gains 33.2% (2020)
- Taxes on goods and services 45.8% (2020)
- Net investment in nonfinancial assets 2.3% (2020)
- Net lending (+) / net borrowing (-) -2.8% (2020)
- Interest payments 22.4% (2020)
- Interest payments 22.0% (2020)
- Compensation of employees 38.0% (2020)
- Taxes on international trade 8.8% (2020)
Frequently asked questions
- What is customs and other import duties in Jamaica?
- Customs and other import duties in Jamaica was 45.45 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Jamaica?
- The highest recorded value was 51.76 billion current LCU in 2019.
- What is the lowest customs and other import duties recorded in Jamaica?
- The lowest recorded value was 987.54 million current LCU in 1988.
- How does Jamaica rank for customs and other import duties?
- Jamaica ranks 52nd out of 152 countries with data for 2020.
- Is customs and other import duties rising or falling in Jamaica?
- Over the last ten years it is up 90.0%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.