Jamaica: Economy

Economic Trivia

Jamaica is of the pioneering members of the CARICOM trade bloc.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: United States, Venezuela, and Trinidad and Tobago
Top 3 Exported Goods: Inorganic Chemicals , Inorganic Chemicals , and Inorganic Chemicals

Top Industries Source: CIA World Factbook

Tourism; Bauxite/Alumina; Agro-Processing; Light Manufactures

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $24,140,993,016 (2013)
GDP Growth Rate (annual %) 1.275% (2013)
GDP Per Capita, PPP (current international) $8,893 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 133/193 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 8.29% (2014)
External debt stocks, total (DOD, current US$) $13,789,533,000 (2013)
Total tax rate (% of commercial profits) 39.3% (2014)
Real Interest Rate (5 year average %) 8.731% (2013)
Manufacturing, value added (% of GDP) 8.459% (2013)
Current Account Balance (BoP, current US$) ($1,110,715,849) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 1,290,830 (2013)
Employment in Agriculture (% of total employment) 18.1% (2012)
Employment in Industry (% of total employment) 15.5% (2012)
Employment in Services (% of total employment) 66.5% (2012)
Unemployment Rate 15% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $7,559,484,084 (2013)
Exports of goods and services (current US$) $4,276,818,590 (2013)
Total Merchandise Trade (% of GDP) 54.223% (2013)
FDI, net inflows (BoP, current US$) $554,111,532 (2014)
Commercial Service Exports (current US$) $2,792,667,333 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Jamaica’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary