Jamaica JM: Military Expenditure: % of GDP

1976 - 2016 | Yearly | % | World Bank

Jamaica JM: Military Expenditure: % of GDP data was reported at 0.904 % in 2017. This records a decrease from the previous number of 0.959 % for 2016. Jamaica JM: Military Expenditure: % of GDP data is updated yearly, averaging 0.854 % from Dec 1976 (Median) to 2017, with 39 observations. The data reached an all-time high of 1.628 % in 1982 and a record low of 0.486 % in 2000. Jamaica JM: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Jamaica's Jamaica JM: Military Expenditure: % of GDP from 1976 to 2016 in the chart:

Jamaica Jamaica JM: Military Expenditure: % of GDP

What was Jamaica's Jamaica JM: Military Expenditure: % of GDP in 2016?

Last Previous Min Max Unit Frequency Range
0.82 2016 0.83 2015 0.49 2000 1.63 1982 % yearly 1976 - 2016

Related Indicators for Jamaica JM: Military Expenditure: % of GDP

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Jamaica Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 14,751.510 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 7,621.283 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 1.600 2027 yearly 1980 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (JMD bn) 1,331.228 2030 yearly 1991 - 2030
Forecast: Government Net Debt (JMD bn) 2,370.493 2030 yearly 2000 - 2030
Forecast: Government Revenue (JMD bn) 1,364.649 2030 yearly 1991 - 2030
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 2.762 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 4.400 2023 yearly 1980 - 2023
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 5.000 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -0.506 2029 yearly 1980 - 2029

More Indicators for Jamaica

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data