Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Jamaica economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Jamaica best banks and safest banks are also available.
Of the 192 countries, South Sudan grew at the lowest rate with Libya, San Marino, Yemen, Greece, Venezuela, Ukraine, Central African Republic and Puerto Rico following it in the list of the lowest growing countries.
USD 2.9 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 14.6 billion (2017, estimate)
Intl$ 26.5 billion (2017, estimate)
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 2.9% | 1.4% | -0.8% | -3.4% | -1.5% | 1.4% | -0.5% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 0.2% | 0.5% | 0.9% | 1.5% | 2% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.05% | 0.05% | 0.04% | 0.03% | 0.02% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 9.4% | 8.3% | 3.7% | 4.4% | 5.2% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 15.3% | 14.2% | 13.5% | 12.8% | 12.2% |
*Estimate
| 2013 | 2014 | 2015 | 2016 | 2017* |
| 139.8% | 136.8% | 120.4% | 118.9% | 111.2% |
*Estimate
| 2013 | 2014 | 2015 | 2016 | 2017* |
| 0.1% | -0.5% | -0.3% | -0.6% | 0.3% |
*Estimate
Standard & Poor's: B
Moody's: B3
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
-3.6% (2017 estimate)
29.8% (2015)
0.008% (2015)
0.06% (2015)
Alumina, bauxite, sugar, rum, coffee, yams, beverages, chemicals, apparel, mineral fuels
Food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials
US 24.4%, Canada 16.5%, Russia 9.3%, Netherlands 8.9%, Iceland 7.2%, UK 6.5% (2015)
US 32.6%, Venezuela 12.4%, China 12%, Trinidad and Tobago 11.1% (2015)
| 2013 | 2014 | 2015 |
| USD 595 million | USD 591 million | USD 794 million |
| 2013 | 2014 | 2015 |
| USD -86 million | USD -2 million | USD 4 million |
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | USD 26.0 million | N/A |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 67 out of 190 countries (2017)
Subcategories:
Starting a business: 12 out of 190 countries
Enforcing Contracts: 117 out of 190 countries
Registering Property: 123 out of 190 countries
Getting Credit: 16 out of 190 countries
Protecting Minority Investors: 63 out of 190 countries
Trading Across Borders: 131 out of 190 countries
Paying Taxes: 116 out of 190 countries
Dealing with Construction Permits: 75 out of 190 countries
Getting Electricity: 101 out of 190 countries
Resolving Insolvency: 38 out of 190 countries
75 out of 138 countries
(2016-2017)
Ranking: 48 / Score: 67.46 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm
Protestant 64.8% (includes Seventh Day Adventist 12.0%, Pentecostal 11.0%, Other Church of God 9.2%, New Testament Church of God 7.2%, Baptist 6.7%, Church of God in Jamaica 4.8%, Church of God of Prophecy 4.5%, Anglican 2.8%, United Church 2.1%, Methodist 1.6%, Revived 1.4%, Brethren 0.9%, and Moravian 0.7%), Roman Catholic 2.2%, Jehovah's Witness 1.9%, Rastafarian 1.1%, other 6.5%, none 21.3%, unspecified 2.3% (2011 est.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 2.362 million | 2.582 million | 2.741 million | 2.829 million | 2.906 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 34% | 47% | 52% | 55% |
Total population: 88.7%
Male: 84%
Female: 93.1% (2015 est.)
(age 15 and over has ever attended school)
Political Rights: 2
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 8.99% Mobile 111.51% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)