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 (2017): United States, China, and Japan
Top 3 Exported Goods (2017): Inorganic Chemicals , Oil & Mineral Fuels, and Beverages

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $29,275,748,219 (2018)
GDP Growth Rate (annual %) 1.941% (2018)
GDP Per Capita, PPP (current international) $9,975 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 134/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.91% (2019)
External debt stocks, total (DOD, current US$) $16,306,727,501 (2018)
Total tax rate (% of commercial profits) 35.1% (2019)
Real Interest Rate (5 year average %) 8.82% (2018)
Manufacturing, value added (% of GDP) 7.675% (2018)
Current Account Balance (BoP, current US$) ($287,575,331) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,488,294 (2019)
Employment in Agriculture (% of total employment) 15.93% (2019)
Employment in Industry (% of total employment) 16.169% (2019)
Employment in Services (% of total employment) 67.901% (2019)
Unemployment Rate 8.002% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $8,024,861,975 (2018)
Exports of goods and services (current US$) $5,964,662,474 (2018)
Total Merchandise Trade (% of GDP) 50.942% (2018)
FDI, net inflows (BoP, current US$) $774,620,603 (2018)
Commercial Service Exports (current US$) $3,796,153,284 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank