Economy of Jamaica. Statistics, Data and Indicators
Jamaica
| 24B | Credit rank #101 |
| N/A | Quality of life # |
| 69 | Corruption rank#62 |
| 71 | Ease of doing business#74 |
Jamaica Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 17.1 USD Billion | 2022 |
| GDP Annual Growth Rate | 2.3 % | 2Q/23 |
| GDP Growth Rate | 0.2 % | 2Q/23 |
| GDP per capita | 5187 USD | 2022 |
| Inflation Rate YoY | 6.8 % | Aug/23 |
| Interest Rate | 7 % | Sep/23 |
| Unemployment Rate | 4.5 % | 2Q/23 |
| Balance of Trade | -139134 USD Thousand | -0.139 B USD | 1Q/23 |
| Current Account | 171 USD Million | 0.171 B USD | 1Q/23 |
| Foreign Exchange Reserves | 4446 USD Million | 4.446 B USD | Aug/23 |
| Government Debt | 2186895 USD Million | 2186.895 B USD | Jul/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 17.1 USD Billion | 2022 |
| GDP Annual Growth Rate | 2.3 % | 2Q/23 |
| GDP Growth Rate | 0.2 % | 2Q/23 |
| GDP per capita | 5187 USD | 2022 |
| GDP Constant Prices | 196879 USD Million | 196.879 B USD | 2Q/23 |
| GDP per capita PPP | 10012 USD | 2022 |
| GDP From Agriculture | 15827 USD Million | 15.827 B USD | 2Q/23 |
| GDP From Construction | 11898 USD Million | 11.898 B USD | 2Q/23 |
| GDP From Manufacturing | 17866 USD Million | 17.866 B USD | 2Q/23 |
| GDP From Mining | 3557 USD Million | 3.557 B USD | 2Q/23 |
| GDP From Public Administration | 24634 USD Million | 24.634 B USD | 2Q/23 |
| GDP From Services | 36433 USD Million | 36.433 B USD | 2Q/23 |
| GDP From Transport | 22013 USD Million | 22.013 B USD | 2Q/23 |
| GDP From Utilities | 6380 USD Million | 6.38 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 86.2 % | 2022 |
| Government Debt | 2186895 USD Million | 2186.895 B USD | Jul/23 |
| Government Budget to GDP | 0.3 % | 2022 |
| Military Expenditure | 215 USD Million | 0.215 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 132 index points | Aug/23 |
| Food Inflation | 10.85 % | Aug/23 |
| Gasoline Prices | 1.26 USD/Liter | Sep/23 |
| Inflation Rate YoY | 6.8 % | Aug/23 |
| Inflation Rate Mom | 1 % | Aug/23 |
| CPI Housing Utilities | 119 Index Points | Aug/23 |
| CPI Transportation | 119 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.2 % | 2022 |
| Balance of Trade | -139134 USD Thousand | -0.139 USD Billion | 1Q/23 |
| Capital Flows | 167 USD Million | 0.167 USD Billion | 1Q/23 |
| Current Account | 171 USD Million | 0.171 USD Billion | 1Q/23 |
| Exports | 527402 USD Thousand | 0.527 USD Billion | 1Q/23 |
| External Debt | 14118 USD Million | 14.118 B USD | 1Q/23 |
| Foreign Exchange Reserves | 4446 USD Million | 4.446 B USD | Aug/23 |
| Imports | 19187376 USD Thousand | 19.187 USD Billion | 1Q/23 |
| Tourist Arrivals | 90164 Persons | 0.09 Million Persons | Dec/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 7 % | Sep/23 |
| Money Supply M1 | 462294 JMD Million | 2.992 B USD | Jul/23 |
| Money Supply M2 | 942829 JMD Million | 6.102 B USD | Jul/23 |
| Central Bank Balance Sheet | 1133216 JMD Million | 7.335 B USD | Aug/21 |
| Deposit Interest Rate | 3.8 % | 2022 |
| Foreign Direct Investment | 120 USD Million | 0.12 B USD | 1Q/23 |
| Private Sector Credit | 1267487 JMD Million | 8.204 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 4.5 % | 2Q/23 |
| Youth Unemployment Rate | 16.7 % | 3Q/22 |
| Employed Persons | 1312600 Person | 1.313 Million Person | 2Q/23 |
| Employment Rate | 93.4 % | 3Q/22 |
| Labor Force Participation Rate | 64.7 % | 3Q/22 |
| Unemployed Persons | 61300 Persons | 0.061 Million Persons | 2Q/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 30 % | 2023 |
| Sales Tax Rate | 15 % | 2023 |
| Social Security Rate | 19.75 % | 2023 |
| Social Security Rate For Companies | 12.5 % | 2023 |
| Social Security Rate For Employees | 7.25 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 44 index points | 2022 |
| Corruption Rank | 69 place | 2022 |
| Ease of Doing Business | 71 place | 2019 |
| Competitiveness Index | 58.25 Index Points | 2019 |
| Competitiveness Rank | 80 | 2019 |
