Jamaica Economic Statistics and Indicators

25, May 2015, EDT. Welcome to the Jamaica economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Jamaica › Change country
National or Regional Currency: Jamaican Dollar, JMD
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 2,930,050 (July 2014 est.)
Area: total: 10,991 sq km ; land: 10,831 sq km ; water: 160 sq km
Natural Resources: bauxite, gypsum, limestone
Capital: name: Kingston ; geographic coordinates: 18 00 N, 76 48 W ; time difference: UTC-5 (same time as Washington, DC, during Standard Time)

The Jamaican economy is heavily dependent on services, which accounts for nearly 80% of GDP. The country continues to derive most of its foreign exchange from tourism, remittances, and bauxite/alumina. Remittances and tourism each account for 30% of GDP, while bauxite/alumina exports make up roughly 5% of GDP. The bauxite/alumina sector was most affected by the global downturn while the tourism industry and remittance flow remained resilient. Jamaica's economy faces many challenges to growth: high crime and corruption, large-scale unemployment and underemployment, and a debt-to-GDP ratio of about 140%. The attendant debt servicing cost consumes a large portion of the government's budget, limiting its ability to fund the critical infrastructure and social programs required to drive growth. Jamaica's economic growth rate in the recent past has been stagnant, averaging less than 1% per year for over 20 years. Jamaica's onerous public debt burden is largely the result of government bailouts to ailing sectors of the economy, most notably to the financial sector. In early 2010, the Jamaican Government initiated the Jamaica Debt Exchange to retire high-priced domestic bonds and reduce annual debt servicing. Despite these efforts, debt continued to be a serious concern, forcing the government to negotiate and sign a new IMF agreement in May 2013 to gain access to approximately $1 billion additional funds. As a precursor, the government instigated a second National Debt Exchange in 2012. The IMF deal requires the government to reform its tax system, eliminate discretionary tax exemptions and waivers, and achieve an annual surplus of 7.5%, excluding debt payments, to reduce its debt below 100% of GDP by 2020. The SIMPSON-MILLER administration now faces the difficult prospect of having to achieve fiscal discipline to maintain debt payments while simultaneously attacking a serious crime problem that is hampering economic growth. High unemployment exacerbates the crime problem, including gang violence that is fueled by the drug trade. The IMF approved a four-year $932 million Extended Fund Facility arrangement for Jamaica in May 2013.
More on the Jamaica Economy
More on the Jamaica Export, Import and Trade

Economic Indicator Listing
  For Jamaica in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 1.05 %
GDP (Current Prices, National Currency)JMD 1,557.60 Billion.
GDP (Current Prices, US Dollars)US$ 13.921 Billion
GDP Deflator 210.503 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)JMD 264,365.92 .
GDP Per Capita (Current Prices, National Currency)JMD 556,499.42 .
GDP Per Capita (Current Prices, US Dollars)US$ 4,973.58
GDP (PPP), US DollarsUS$ 24.275 Billion
GDP Per Capita (PPP), US DollarsUS$ 8,672.92
GDP Share of World Total (PPP) 0.023 %
Implied PPP Conversion Rate 64.165
Investment (% of GDP) 18.467 %
Gross National Savings (% of GDP) 11.026 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 415.463 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 8.787 %
Inflation, End of Year (Indexed to Year 2000) 419.301 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 8.1 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.488 %
Import Volumes of Goods Only (Percent Change) 7.88 %
Export Volume of All Items Including Goods and Services (Percent Change) 11.655 %
Export Volumes of Goods Only (Percent Change) 12.724 %
Unemployment Rate (% of Labour Force) 15.275 %
Population 2.799 Million
General government revenue (National Currency)JMD 427.889 Billions.
General government revenue (% of GDP) 26.791 %
General government total expenditure (National Currency)JMD 439.486 Billions.
General government total expenditure (% of GDP) 27.517 %
Total Government Net Lending/ Borrowing (National Currency)JMD -11.598 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -0.726 %
Fiscal Year Gross Domestic Product, Current PricesJMD 1,597.15 Billions.
Current Account Balance (US Dollars)US$ -1.157 Billion
Current Account Balance (% GDP) -8.314 %
Economic Indicators for Jamaica 2014

GDP (Constant Prices, National Currency) for Jamaica in year 2014 is JMD 739.938 Billion.

GDP Growth (Constant Prices, National Currency) for Jamaica in year 2014 is 1.05 %.

GDP (Current Prices, National Currency) for Jamaica in year 2014 is JMD 1,557.60 Billion.

GDP (Current Prices, US Dollars) for Jamaica in year 2014 is US$ 13.921 Billion.

GDP Deflator for Jamaica in year 2014 is 210.503 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Jamaica in year 2014 is JMD 264,365.92 .

GDP Per Capita (Current Prices, National Currency) for Jamaica in year 2014 is JMD 556,499.42 .

GDP Per Capita (Current Prices, US Dollars) for Jamaica in year 2014 is US$ 4,973.58 .

GDP (PPP), US Dollars for Jamaica in year 2014 is US$ 24.275 Billion.

GDP Per Capita (PPP), US Dollars for Jamaica in year 2014 is US$ 8,672.92 .

GDP Share of World Total (PPP) for Jamaica in year 2014 is 0.023 %.

Implied PPP Conversion Rate for Jamaica in year 2014 is 64.165 .

Investment (% of GDP) for Jamaica in year 2014 is 18.467 %.

Gross National Savings (% of GDP) for Jamaica in year 2014 is 11.026 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Jamaica in year 2014 is 415.463 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Jamaica in year 2014 is 8.787 %.

Inflation, End of Year (Indexed to Year 2000) for Jamaica in year 2014 is 419.301 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Jamaica in year 2014 is 8.1 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Jamaica in year 2014 is 7.488 %.

Import Volumes of Goods Only (Percent Change) for Jamaica in year 2014 is 7.88 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Jamaica in year 2014 is 11.655 %.

Export Volumes of Goods Only (Percent Change) for Jamaica in year 2014 is 12.724 %.

Unemployment Rate (% of Labour Force) for Jamaica in year 2014 is 15.275 %.

Population for Jamaica in year 2014 is 2.799 Million .

General government revenue (National Currency) for Jamaica in year 2014 is JMD 427.889 Billions.

General government revenue (% of GDP) for Jamaica in year 2014 is 26.791 %.

General government total expenditure (National Currency) for Jamaica in year 2014 is JMD 439.486 Billions.

General government total expenditure (% of GDP) for Jamaica in year 2014 is 27.517 %.

Total Government Net Lending/ Borrowing (National Currency) for Jamaica in year 2014 is JMD -11.598 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Jamaica in year 2014 is -0.726 %.

Fiscal Year Gross Domestic Product, Current Prices for Jamaica in year 2014 is JMD 1,597.15 Billions.

Current Account Balance (US Dollars) for Jamaica in year 2014 is US$ -1.157 Billion.

Current Account Balance (% GDP) for Jamaica in year 2014 is -8.314 %.

* Source: IMF
Aggregate Indicators for Jamaica
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Jamaica
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Jamaica
  Natural Resources, Agricultural Products, Land Use and Water Use for Jamaica
  Nationality, Ethnic Groups, Languages and Religions for Jamaica
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Jamaica
  Age Structure, Median Age, Gender and Urbanization for Jamaica
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Jamaica
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Jamaica
  HIV, AIDS and Other Major Infectious Disease Rates for Jamaica
  Literacy Rate, Educational Expenditure and School Life Expectancy for Jamaica
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Jamaica
  Industries and Industrial Growth Production Rate for Jamaica
  Labor Force by Occupation for Jamaica
  Poverty Line, Gini Index, Household Income and Consumption for Jamaica
  National Budget and Public Debt for Jamaica
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Jamaica
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Jamaica
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Jamaica
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Jamaica
  Foreign Exchange Reserves and Gold Reserves for Jamaica
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Jamaica
  Exchange Rate Statistics for Jamaica
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Jamaica
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Jamaica
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Jamaica
  Television and Radio Statistics (TV Stats, Radio Stats) for Jamaica
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Jamaica
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Jamaica
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Jamaica
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Jamaica
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Jamaica
* Source: CIA
Internet Indicators for Jamaica
Indicators
  Number of Internet Users for Jamaica
  Internet Penetration Rate for Jamaica
  Number of Facebook Accounts for Jamaica
  Facebook Penetration Rate for Jamaica
* Source: IWS
Economic Freedom Indicators for Jamaica
Indicators
  Economic Freedom World Rank for Jamaica
  Economic Freedom Regional Ranking for Jamaica
  Business Freedom for Jamaica
  Trade Freedom for Jamaica
  Fiscal Freedom for Jamaica
  Government Spending for Jamaica
  Monetary Freedom for Jamaica
  Investment Freedom for Jamaica
  Financial Freedom for Jamaica
  Property Rights for Jamaica
  Freedom from Corruption for Jamaica
  Labor Freedom for Jamaica
  Tariff Rate for Jamaica
  Income Tax Rate for Jamaica
  Corporate Tax Rate for Jamaica
  Tax Burden % of GDP for Jamaica
  Government Expenditure % of GDP for Jamaica
* Source: HFO
Corruption Perceptions Index Rank and Score for Jamaica
Indicator
  Corruption Perceptions Index Rank and Score for Jamaica
* Source: TIO
Jamaica Economic Indicators in other Years
  Jamaica Economic Indicators for Year 2019 (Forecast)
  Jamaica Economic Indicators for Year 2018 (Forecast)
  Jamaica Economic Indicators for Year 2017 (Forecast)
  Jamaica Economic Indicators for Year 2016 (Forecast)
  Jamaica Economic Indicators for Year 2015 (Forecast)
Jamaica Economic Indicators for Year 2014 (Current)
  Jamaica Economic Indicators for Year 2013
  Jamaica Economic Indicators for Year 2012
  Jamaica Economic Indicators for Year 2011
  Jamaica Economic Indicators for Year 2010
  Jamaica Economic Indicators for Year 2009
  Jamaica Economic Indicators for Year 2008
  Jamaica Economic Indicators for Year 2007
  Jamaica Economic Indicators for Year 2006
  Jamaica Economic Indicators for Year 2005
  Jamaica Economic Indicators for Year 2004
  Jamaica Economic Indicators for Year 2003
  Jamaica Economic Indicators for Year 2002
  Jamaica Economic Indicators for Year 2001
  Jamaica Economic Indicators for Year 2000
  Jamaica Economic Indicators for Year 1999
  Jamaica Economic Indicators for Year 1998
  Jamaica Economic Indicators for Year 1997
  Jamaica Economic Indicators for Year 1996
  Jamaica Economic Indicators for Year 1995
  Jamaica Economic Indicators for Year 1994
  Jamaica Economic Indicators for Year 1993
  Jamaica Economic Indicators for Year 1992
  Jamaica Economic Indicators for Year 1991
  Jamaica Economic Indicators for Year 1990
  Jamaica Economic Indicators for Year 1989
  Jamaica Economic Indicators for Year 1988
  Jamaica Economic Indicators for Year 1987
  Jamaica Economic Indicators for Year 1986
  Jamaica Economic Indicators for Year 1985
  Jamaica Economic Indicators for Year 1984
  Jamaica Economic Indicators for Year 1983
  Jamaica Economic Indicators for Year 1982
  Jamaica Economic Indicators for Year 1981
  Jamaica Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International