Population: 2.7 million in 20131
GDP: $14.4 billion in 20132
GDP per capita: $5,290 nominal3 ($8,890 PPP4) in 2013
GDP growth rate: 1.3% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Other activities | 5,416 | 41.8% |
Wholesale, retail trade, restaurants and hotels | 2,875 | 22.2% |
Transport, storage and communication | 1,215 | 9.4% |
Manufacturing | 1,124 | 8.7% |
Construction | 907 | 7.0% |
Agriculture, hunting, forestry, fishing | 820 | 6.3% |
Mining and utilities | 598 | 4.6% |
Total value added | 12,955 | 100% |
Unemployment rate: 15.0% in 20137
Employment by Industry 20068
Employment sector | Percent of total |
Services | 64% |
Industry | 19% |
Agriculture | 17% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $18 billion (125% of GDP) in 201410
Household Wealth per Adult: $10,146 in 201410
Gini Coefficient: .455 in 201311
Central Government
Central Government Revenue: $2.8 billion (19% of GDP) in 201312
Central Government Expenditure: $4.1 billion (28% of GDP) in 201312
Central Government Budget Balance: -$1.3 billion (-9% of GDP) in 201312
Central Government Public Debt: $16. 2 billion (113% of GDP) in Sept 2014* 13
Central Government 10 Year Bond Interest Rate: 7.63% in Jul 201414
* Public debt calculated using the exchange rate 115 JMD = 1 USD
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 15
Corporate Tax Rate: 33% in 201416
* Individual thresholds calculated using the exchange rate 115 JMD = 1 USD
Money Supply (M1): $1.8 billion (12% of GDP) in 2013* 17
Benchmark Interest Rate: 5.75% om Dec 201418
Total Reserves: $1.0 billion (7% of GDP) in 201319
Exchange Rate: 115 Jamaican Dollars = 1 U.S. Dollar on Feb 12, 201520
Inflation: 9.3% in 201321
* Money supply calculated using the exchange rate 115 JMD = 1 USD
Top 10 Financial Institutions by Assets 201322
N/A (data not available at Relbanks.com)
Exports: $1.8 billion (13% of GDP) in 201323
Imports: $5.6 billion (39% of GDP) in 201323
Trade Balance: -3.8 billion (-26% of GDP) in 201323
Foreign Direct Investment Inflow: $626 million (4% of GDP) in 201324
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $21 million (0.1% of GDP) in 201225
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Bank of Jamaica, Statistics, Public Finance & Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: World Bank Indicators (Money supply) Go back
18. Source: Bank of Jamaica, Statistics, Interest Rates, Selected Central Bank Interest Rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back