Key Market Indicators
Jamaica's energy supply is projected to reach approximately 3.1 million tonnes of oil equivalent by 2028, marking a modest increase from around 3.1 million tonnes in 2023. This growth represents a compound annual growth rate (CAGR) of 0.5%. Since 1976, Jamaica's energy supply has seen a steady increase, with an average growth rate of 0.9% per year. In the global ranking for 2023, Jamaica placed 35th, just behind Yemen, which also recorded an energy supply of about 3.1 million tonnes of oil equivalent. Leading the rankings were France, Saudi Arabia, and the United Kingdom, occupying the second, third, and fourth positions respectively.
