Key Market Indicators
Jamaica's vehicle registration is projected to climb to approximately 9,000 units by 2028, up from nearly 8,000 units in 2023. This reflects an average annual growth rate of 2.1% over the five-year period. Since 2010, the Jamaican market has consistently grown by 2.1% each year. In 2023, Jamaica was ranked 96th globally in vehicle registrations, with Malta surpassing it with nearly 8,000 units. Canada, China, and Austria secured the second, third, and fourth spots, respectively, in this ranking.
