diff --git a/Gems/AWSCore/Code/Tests/ResourceMapping/AWSResourceMappingManagerTest.cpp b/Gems/AWSCore/Code/Tests/ResourceMapping/AWSResourceMappingManagerTest.cpp
index a90518006f..81ea166848 100644
--- a/Gems/AWSCore/Code/Tests/ResourceMapping/AWSResourceMappingManagerTest.cpp
+++ b/Gems/AWSCore/Code/Tests/ResourceMapping/AWSResourceMappingManagerTest.cpp
@@ -84,7 +84,7 @@ static constexpr const char TEST_VALID_EMPTY_ACCOUNTID_RESOURCE_MAPPING_CONFIG_F
     },
     "AccountId": "",
     "Region": "us-west-2",
-    "Version": "1.0.0"
+    "Version": "1.1.0"
 })";
 
 static constexpr const char TEST_INVALID_RESOURCE_MAPPING_CONFIG_FILE[] =
diff --git a/Gems/AWSCore/Code/Tools/ResourceMappingTool/utils/json_utils.py b/Gems/AWSCore/Code/Tools/ResourceMappingTool/utils/json_utils.py
index 7926cca970..8c094a895c 100755
--- a/Gems/AWSCore/Code/Tools/ResourceMappingTool/utils/json_utils.py
+++ b/Gems/AWSCore/Code/Tools/ResourceMappingTool/utils/json_utils.py
@@ -24,7 +24,7 @@ _RESOURCE_MAPPING_TYPE_JSON_KEY_NAME: str = "Type"
 _RESOURCE_MAPPING_NAMEID_JSON_KEY_NAME: str = "Name/ID"
 _RESOURCE_MAPPING_REGION_JSON_KEY_NAME: str = "Region"
 _RESOURCE_MAPPING_VERSION_JSON_KEY_NAME: str = "Version"
-_RESOURCE_MAPPING_JSON_FORMAT_VERSION: str = "1.0.0"
+_RESOURCE_MAPPING_JSON_FORMAT_VERSION: str = "1.1.0"
 
 RESOURCE_MAPPING_ACCOUNTID_JSON_KEY_NAME: str = "AccountId"
 RESOURCE_MAPPING_ACCOUNTID_TEMPLATE_VALUE: str = "EMPTY"