Source
Central bank

Bank of Jamaica

International Reserves

US$ 2.868 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 14 billion (2014 estimate)

GDP (Purchasing Power Parity)

26 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3.5% 1.4% 0.9% 2.9% 1.4% -0.8% -3.4 -1.4%
2011 2012 2013 2014*        
1.4% -0.5% 0.5% 1.3%        

*Estimate

GDP per capita - current prices

US$ 5,098 (2014 estimate)

GDP per capita - PPP

$9,256 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.06% 0.06% 0.04% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.5% 
  • industry: 29.4% 
  • services: 64.1% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
7.5% 6.9% 9.4% 9.1%

*Estimate

Unemployment rate
2011 2012 2013 2014*
12.6% 13.9% 14.9% 14.9%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
143.5% 141.9% 146.9% 138.9% 133.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-6.3% -6.4% -4.1% 0.1% -0.1%

*Estimate

Government bond ratings

Standard & Poor's: B-

Moody's rating: Caa3

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$6.626 billion US$7.223 billion US$6.39 billion

*2010 Estimate    **2012 Estimate 

Largest companies in Jamaica

N/A

 
 
Source
Current account balance

US$ -1.221 billion (2014)

Current account balance by percentage of GDP

-8.563% of GDP (2014)

Exports as percent of GDP(Exports of goods and services)

30.4% (2012)

(Data released on October 2014)

Shares in world total merchandising export

0.01% (2012)

 

Shares in world total commercial services export

0.06% (2012)

(Data were released in March 2014)

Total exports

US$1.775 billion (2013 estimate) 

Export commodities

alumina, bauxite, sugar, rum, coffee, yams, beverages, chemicals, wearing apparel, mineral fuels

Total imports

US$5.559 billion (2013 estimate) 

 
 
Source
Import commodities

food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials

Exports - major partners

US 48%, Canada 7.2%, Slovenia 4.2%, Netherlands 4.1%, UAE 4.1% (2012)

Imports - major partners

US 36.1%, Venezuela 15.6%, Trinidad and Tobago 10.8%, China 4.8%, Mexico 4% (2012)

FDI inflows
2011 2012 2013
US$218 million US$490 million US$567 million
FDI outflows
2011 2012 2013  
US$75 million US$3 million US$-2 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$1  million US$0 million US$ 0 million US$ 15 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 94 out of 189 countries  (2013)

Subcategories:

Starting a business: 23 out of 189 countries

Enforcing Contracts: 131 out of 189 countries

Registering Property: 114 out of 189 countries

Getting credit: 109 out of 189 countries

Protecting investors: 80 out of 189 countries

Trading across border: 118 out of 189 countries

Paying Taxes: 168 out of 189 countries

Dealing with Construction Permits: 52 out of 189 countries

Getting Electricity: 132 out of 189 countries

Resolving Insolvency: 31 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

86

(2014-2015)

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 56 Score: 66.7 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Total area

10,991 km2 (2006)

Capital

Kingston (2009)

Currency

Jamaican dollars (JMD) (2009)

Government type

constitutional parliamentary democracy and a Commonwealth realm (2009)

Languages

English, English patois

Religions

Protestant 62.5% (Seventh-Day Adventist 10.8%, Pentecostal 9.5%, Other Church of God 8.3%, Baptist 7.2%, New Testament Church of God 6.3%, Church of God in Jamaica 4.8%, Church of God of Prophecy 4.3%, Anglican 3.6%, other Christian 7.7%), Roman Catholic 2.6%, other or unspecified 14.2%, none 20.9%, (2001 census)

Total population
1980 1990 2000 2012* 2017**
2.11 million 2.37 million 2.57 million 2.76 million 2.81 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
33.8% 46.8% 51.8% 52.1%
Population median age

27 years (2010)

Population growth rate

0.3% (2011)

Life expectancy

73 years (2010)

Adult literacy

86% (2005/2010)

% of population living on less than $2 a day

5.85% (2011)

Inequality of wealth distribution (Gini index)

45.51 (2004)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

118.01% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

31.5% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Kingston: 153rd (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

3.1394 (Data were released in 2012 and refer to 2009)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World's Best Subcustodian Banks

World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

2013

Best of…

Additional Awards