Gross fixed capital formation as a share of GDP reached 22.1 % in 2017 in Jamaica, according to the National Statistical Office. This is 4.32 % more than in the previous year.
Historically, gross fixed capital formation as a share of GDP in Jamaica reached an all time high of 31.8 % in 1969 and an all time low of 11.8 % in 1977. When compared to Jamaica's main peers, gross fixed capital formation as a share of GDP in Cuba amounted to 9.87 %, 21.9 % in Dominican Republic and 43.4 % in Haiti in 2017.
Jamaica has been ranked 80th within the group of 157 countries we follow in terms of gross fixed capital formation as a share of GDP, 29 places behind the position seen 10 years ago.
Gross fixed capital formation includes: land improvements (fences, ditches, drains, and so on); purchases of plant, machinery, and equipment, and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings.