Jamaica
On this page you will find beneficial information regarding foreign direct investment in / trading with Jamaica. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Parliamentary Democracy and a Commonwealth Realm
Population: 2.827 million (2022)
GDP: 17.1 billion USD (2022)
Corporate Tax Rate: 25% - 40%
Personal Income Tax Rate: 30%
Major Exports: Refined Petroleum ($734M), Petroleum Gas ($265M), Aluminium Oxide ($246M), Aluminium Ore ($76M), and Hard Liquor ($73.3M), exporting mostly to United States ($1.11B), Russia ($99.7M), Canada ($81M), United Kingdom ($70.8M), and Iceland ($39.5M).
Major Imports: Refined Petroleum ($973M), Crude Petroleum ($440M), Petroleum Gas ($385M), Cars ($313M), and Packaged Medicaments ($148M), importing mostly from United States ($2.76B), China ($949M), Trinidad and Tobago ($430M), Brazil ($371M), and Turkey ($327M).
Investment Agency: JAMPRO Trade & Investment Jamaica
Website: https://dobusinessjamaica.com/
National Chamber of Commerce: Jamaica Chamber of Commerce
Website: https://jamaicachamber.org.jm/
Customs Agency: Jamaica Customs Agency
Website: https://www.jacustoms.gov.jm/
