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Economy of Jamaica. Statistics, Data and Indicators

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Jamaica
24B Credit rank #101
N/A Quality of life #
69 Corruption rank#62
71 Ease of doing business#74
Jamaica


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



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