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Jamaica

Headline economic indicators for Jamaica, with the most recent official readings.

Prices

Prices — Jamaica
Indicator Value Change
Inflation rate · 4.0% -1.41 (-26.0%)
Consumer price index · 233.2 +8.98 (+4.0%)
GDP deflator inflation · 4.8% -0.06 (-1.2%)

GDP

GDP — Jamaica
Indicator Value Change
GDP growth rate · 0.1% +0.62 (+115.3%)
GDP per capita · 8,002.92 +249.11 (+3.2%)
GDP per capita, long-run history · 7,482 +288.56 (+4.0%)
GDP · 22,704,903,217.56 +690,474,167 (+3.1%)
GDP, PPP · 37,708,310,366 +1,057,439,343 (+2.9%)
GDP per capita, PPP · 13,291 +382.27 (+3.0%)
GDP per capita growth · 0.2% +0.67 (+130.3%)
GNI per capita · 7,790 +600.00 (+8.3%)
Agriculture to GDP · 8.7% +0.77 (+9.7%)
Industry to GDP · 16.3% -0.19 (-1.2%)
Manufacturing to GDP · 7.7% -0.04 (-0.5%)
Services to GDP · 59.8% -0.12 (-0.2%)

Labour

Labour — Jamaica
Indicator Value Change
Unemployment rate · 3.3% +0.14 (+4.3%)
Labour force participation rate · 69.6% +0.12 (+0.2%)
Female labour force participation rate · 63.0% +0.12 (+0.2%)
Youth unemployment rate · 10.8% +0.43 (+4.1%)
Employment to population ratio · 67.3% +0.03 (+0.0%)
Employment in agriculture · 13.9% -0.30 (-2.1%)
Employment in industry · 17.1% -0.00 (-0.0%)
Employment in services · 68.9% +0.31 (+0.5%)

Money

Money — Jamaica
Indicator Value Change
Real interest rate · 7.0% +0.20 (+2.9%)
Broad money to GDP · 65.8% +4.63 (+7.6%)
Private sector credit to GDP · 45.8% +0.69 (+1.5%)
Lending rate · 12.1% +0.14 (+1.2%)
Bank deposit rate · 5.2% -1.07 (-17.1%)
Stock market capitalization to GDP · 51.0% -5.42 (-9.6%)
Official exchange rate · 159.1 +2.66 (+1.7%)

Trade

Trade — Jamaica
Indicator Value Change
Current account to GDP · 1.5% -1.46 (-49.7%)
Trade balance, goods and services (annual) · -3,110,218,005.03 -717,089,676 (-30.0%)
Current account balance (annual) · 335,154,786.04 -310,711,345 (-48.1%)
Foreign direct investment to GDP · 1.2% -0.14 (-10.0%)
Remittances received to GDP · 16.3% +0.10 (+0.6%)
Total reserves, including gold · 6,303,188,596.95 +670,272,545 (+11.9%)
Reserves in months of imports · 7.1 +0.65 (+10.1%)
External debt to GNI · 76.1% -4.39 (-5.5%)

Government

Government — Jamaica
Indicator Value Change
Government debt to GDP · 97.9% +12.10 (+14.1%)
Government revenue to GDP · 26.9% -1.69 (-5.9%)
Government expense to GDP · 27.5% +3.49 (+14.5%)
Tax revenue to GDP · 23.7% -1.85 (-7.3%)
Government budget balance to GDP · -2.8% -4.38 (-283.3%)
Education spending to GDP · 5.5% -0.14 (-2.5%)
Health spending to GDP · 7.6% -1.05 (-12.1%)

Demography

Demography — Jamaica
Indicator Value Change
Population · 2,837,077 -2,098 (-0.1%)
Population, long-run history · 2,676 -0.30 (-0.0%)
Population growth · -0.1% -0.05 (-243.5%)
Life expectancy · 71.6 +0.13 (+0.2%)
Fertility rate · 1.35 -0.01 (-0.5%)
Birth rate · 11.5 -0.17 (-1.5%)
Death rate · 8.2 +0.13 (+1.6%)
Urban population share · 59.4% +0.50 (+0.8%)
Population aged 65 and over · 8.6% +0.37 (+4.5%)
Under-five mortality rate · 17.8 -0.30 (-1.7%)
Population density · 262.2 -0.06 (-0.0%)
Net migration · -11,053 -547.00 (-5.2%)
Gini index · 39.9 +4.60 (+13.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Jamaica

Economies nearby

Comparable readings from neighbouring economies.