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 | 14.66 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.9 % | 3Q/22 |
| GDP Growth Rate | 2.1 % | 3Q/22 |
| GDP per capita | 4972 USD | 2021 |
| Inflation Rate YoY | 7.8 % | Feb/23 |
| Interest Rate | 7 % | Mar/23 |
| Unemployment Rate | 6.6 % | 3Q/22 |
| Balance of Trade | -1622803 USD Thousand | -1.623 B USD | 3Q/22 |
| Current Account | -176 USD Million | -0.176 B USD | 3Q/22 |
| Foreign Exchange Reserves | 4307 USD Million | 4.307 B USD | Feb/23 |
| Government Debt | 2207465 USD Million | 2207.465 B USD | Jan/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 14.66 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.9 % | 3Q/22 |
| GDP Growth Rate | 2.1 % | 3Q/22 |
| GDP per capita | 4972 USD | 2021 |
| GDP Constant Prices | 191925 USD Million | 191.925 B USD | 3Q/22 |
| GDP per capita PPP | 9597 USD | 2021 |
| GDP From Agriculture | 16000 USD Million | 16 B USD | 3Q/22 |
| GDP From Construction | 14569 USD Million | 14.569 B USD | 3Q/22 |
| GDP From Manufacturing | 18025 USD Million | 18.025 B USD | 3Q/22 |
| GDP From Mining | 1969 USD Million | 1.969 B USD | 3Q/22 |
| GDP From Public Administration | 25838 USD Million | 25.838 B USD | 3Q/22 |
| GDP From Services | 32424 USD Million | 32.424 B USD | 3Q/22 |
| GDP From Transport | 20935 USD Million | 20.935 B USD | 3Q/22 |
| GDP From Utilities | 6058 USD Million | 6.058 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 91.5 % | 2021 |
| Government Debt | 2207465 USD Million | 2207.465 B USD | Jan/23 |
| Government Budget to GDP | 0.9 % | 2021 |
| Military Expenditure | 210 USD Million | 0.21 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 128 index points | Feb/23 |
| Food Inflation | 11.3 % | Feb/23 |
| Gasoline Prices | 1.1 USD/Liter | Mar/23 |
| Inflation Rate YoY | 7.8 % | Feb/23 |
| Inflation Rate Mom | 0.5 % | Feb/23 |
| CPI Housing Utilities | 123 Index Points | Feb/23 |
| CPI Transportation | 118 Index Points | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.7 % | 2021 |
| Balance of Trade | -1622803 USD Thousand | -1.623 USD Billion | 3Q/22 |
| Capital Flows | -258 USD Million | -0.258 USD Billion | 3Q/22 |
| Current Account | -176 USD Million | -0.176 USD Billion | 3Q/22 |
| Exports | 466276 USD Thousand | 0.466 USD Billion | 3Q/22 |
| External Debt | 14222 USD Million | 14.222 B USD | 3Q/22 |
| Foreign Exchange Reserves | 4307 USD Million | 4.307 B USD | Feb/23 |
| Imports | 2089079 USD Thousand | 2.089 USD Billion | 3Q/22 |
| Tourist Arrivals | 90164 Persons | 0.09 Million Persons | Dec/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 7 % | Mar/23 |
| Money Supply M1 | 430074 JMD Million | 2.85 B USD | Dec/22 |
| Money Supply M2 | 873719 JMD Million | 5.791 B USD | Dec/22 |
| Central Bank Balance Sheet | 1133216 JMD Million | 7.511 B USD | Aug/21 |
| Deposit Interest Rate | 3.8 % | 2022 |
| Foreign Direct Investment | 100 USD Million | 0.1 B USD | 3Q/22 |
| Private Sector Credit | 1273599 JMD Million | 8.441 B USD | Jan/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 6.6 % | 3Q/22 |
| Youth Unemployment Rate | 16.7 % | 3Q/22 |
| Employed Persons | 1268000 Person | 1.268 Million Person | 3Q/22 |
| Employment Rate | 93.4 % | 3Q/22 |
| Labor Force Participation Rate | 64.7 % | 3Q/22 |
| Unemployed Persons | 89700 Persons | 0.09 Million Persons | 3Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 30 % | 2022 |
| Sales Tax Rate | 15 % | 2022 |
| Social Security Rate | 19.75 % | 2022 |
| Social Security Rate For Companies | 12.5 % | 2022 |
| Social Security Rate For Employees | 7.25 % | 2022 |
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 |
