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 (2014): United States, Venezuela, and Trinidad and Tobago
Top 3 Exported Goods (2014): Inorganic Chemicals , Oil & Mineral Fuels, and Ores

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) $24,152,366,189 (2014)
GDP Growth Rate (annual %) 0.688% (2014)
GDP Per Capita, PPP (current international) $8,878 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 132/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 8.29% (2014)
External debt stocks, total (DOD, current US$) $13,789,533,000 (2013)
Total tax rate (% of commercial profits) 35.2% (2015)
Real Interest Rate (5 year average %) 8.731% (2013)
Manufacturing, value added (% of GDP) 9.484% (2014)
Current Account Balance (BoP, current US$) ($1,078,216,895) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 1,306,181 (2014)
Employment in Agriculture (% of total employment) 18.2% (2013)
Employment in Industry (% of total employment) 15.2% (2013)
Employment in Services (% of total employment) 66.5% (2013)
Unemployment Rate 13.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $7,415,105,197 (2014)
Exports of goods and services (current US$) $4,332,997,662 (2014)
Total Merchandise Trade (% of GDP) 54.223% (2013)
FDI, net inflows (BoP, current US$) $595,111,532 (2014)
Commercial Service Exports (current US$) $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