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Charts & Stats
Jamaica Taxes less subsidies on products (current US$)
What is Jamaica's taxes less subsidies on products (current us$)? As of 2023, it's 3.3B current US$, up from 2.1B current US$ in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Taxes less subsidies on products (current US$) |
|---|---|
| 2014 | 2128787381.839 current US$ |
| 2015 | 2272176392.3458 current US$ |
| 2016 | 2365201652.0367 current US$ |
| 2017 | 2706890475.957 current US$ |
| 2018 | 2879496063.6295 current US$ |
| 2019 | 2969865072.355 current US$ |
| 2020 | 2278142879.3625 current US$ |
| 2021 | 2562946635.7302 current US$ |
| 2022 | 3162387185.5466 current US$ |
| 2023 | 3343961076.1869 current US$ |
Data Source: World Bank and Wantstats Repository
Jamaica Taxes less subsidies on products (current US$): Key Points
- By 2023, Jamaica's taxes less subsidies on products came to 3.34B current US$, against 2.13B current US$ in 2014 — around 57% up across the period.
- 2015-2019: shoots up to 2.97B current US$ (+40%).
- 2020: down to 2.28B current US$ (-23%).
- 2021-2023: surges to 3.34B current US$ (+47%).
- 2020: Dips to 2.28B current US$ (~23%) from 2.97B — the timing lines up with when COVID-19 disrupted economies worldwide, though this indicator alone can't confirm the exact mechanism.
- Where it lands: 3.34B current US$ in 2023, a 57.1% climb from the 2014 starting line.
Reading A Mixed Trend
Don't anchor on the most recent year. With this much back-and-forth, the latest reading is one data point among several similarly-weighted ones, not the start of a new trend.
Worth noting this move happens in 2020, the year lockdowns disrupted ordinary activity broadly across the world. It may or may not be the direct explanation here, but it's the most common one for a dip landing in exactly this year.
Use the direction of this line more than any single year's value — taxes less subsidies on products figures like this one are most reliable as a trend indicator, less reliable as a precise year-by-year scorecard.
This is Jamaica data, published by the source linked below. Indicator series like this are usually modeled/estimated between survey years, not measured fresh every year — trust the multi-year direction over any one data point.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.