Share of services in GDP | Jamaica – yearly data, chart and table

The services industries value added of Jamaica in 2024 amounted to 60.26% of GDP. In 2023, the value was  60.14%. According to the World Bank data, since 1993, this indicator has increased in 1.05 times.  The lowest services share of GDP was recorded in 1993, with a value of 57.15%. The services industries value added share in Jamaica was in 2009, when it reached 68.14% of GDP.
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output.