Military expenditure in Jamaica
Jamaica: Military expenditure was 41.05 billion current LCU in 2024. ◆ Volatile
Military expenditure in Jamaica, 1976–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Jamaica stood at 41.05 billion current LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 15.6% on the previous year and up 205.1% over ten years.
Over the whole period, military expenditure in Jamaica peaked at 41.05 billion current LCU in 2024 and was at its lowest, 24.95 million current LCU, in 1976.
That places Jamaica 90th out of 167 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1970s | 26.38 million current LCU | 24.95 million current LCU | 27.80 million current LCU | 2 |
| 1980s | 127.60 million current LCU | 80.03 million current LCU | 235.15 million current LCU | 9 |
| 1990s | 1.22 billion current LCU | 277.38 million current LCU | 1.94 billion current LCU | 10 |
| 2000s | 4.71 billion current LCU | 1.87 billion current LCU | 10.09 billion current LCU | 10 |
| 2010s | 17.23 billion current LCU | 10.08 billion current LCU | 35.49 billion current LCU | 10 |
| 2020s | 35.28 billion current LCU | 32.42 billion current LCU | 41.05 billion current LCU | 5 |
Countries ranked near Jamaica
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 military expenditure in Jamaica?
- Military expenditure in Jamaica was 41.05 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Jamaica?
- The highest recorded value was 41.05 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Jamaica?
- The lowest recorded value was 24.95 million current LCU in 1976.
- How does Jamaica rank for military expenditure?
- Jamaica ranks 90th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Jamaica?
- Over the last ten years it is up 205.1%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)