Markets Actual Q1 Q2 Q3 Q4 2020
Currency 131.17 128 129 130 131 132
Stock Market (points) 375048.06 370475 366354 362308 358262 350345
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.10 -0.2 1.3 1.6 -0.3 1.3
GDP Annual Growth Rate (%) 1.80 2 1.7 1.9 2.2 2.3
Unemployment Rate (%) 8.40 8.4 7.1 6.7 6.4 6.3
Inflation Rate (%) 2.40 4.4 4.2 4.5 4.8 4.7
Interest Rate (%) 1.75 2 2 2 2.25 2.5
Balance of Trade (USD Thousand) -1037303.00 -985000 -1020000 -1192000 -1360000 -1415000
Current Account (USD Million) -306.36 -200 -170 -480 -415 -350
Current Account to GDP (%) -3.00 -7 -7 -7 -7 -6
Government Debt to GDP (%) 103.30 92 92 92 92 90
Government Budget (% of GDP) -0.10 0.3 0.3 0.3 0.3 0.4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.10 -0.2 1.3 1.6 -0.3 1.3
GDP Annual Growth Rate (%) 1.80 2 1.7 1.9 2.2 2.3
GDP (USD Billion) 14.77 15.8 15.8 15.8 15.8 15.8
GDP per capita (USD) 4798.21 5200 5200 5200 5200 5350
GDP per capita PPP (USD) 8193.60 8320 8320 8320 8320 8450
GDP Constant Prices (USD Million) 189927.00 194039 196044 191731 194105 198570
GDP From Agriculture (USD Million) 12449.00 14067 15788 12567 12723 13016
GDP From Construction (USD Million) 13652.00 14859 12983 13911 13952 14273
GDP From Manufacturing (USD Million) 16860.00 16636 16065 17020 17231 17627
GDP From Mining (USD Million) 5723.00 4953 5108 5832 5849 5983
GDP From Public Administration (USD Million) 25614.00 23257 24793 26101 26178 26780
GDP From Services (USD Million) 31779.00 33652 33456 32081 32478 33225
GDP From Transport (USD Million) 21179.00 20805 22058 21380 21645 22143
GDP From Utilities (USD Million) 6209.00 6078 6322 6268 6346 6492
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 8.40 8.4 7.1 6.7 6.4 6.3
Youth Unemployment Rate (%) 19.40 18.9 20 19.3 19.1 18
Unemployed Persons 111800.00 109000 115000 112000 100000 120000
Employed Persons 1226400.00 1220000 1220000 1238918 1220000 1230000
Employment Rate (%) 91.60 92.4 92.1 92.8 93.6 94.4
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.40 4.4 4.2 4.5 4.8 4.7
Inflation Rate Mom (%) -1.00 -0.1 0.3 1.2 1.4 1.4
Food Inflation (%) 2.30 5.3 4.6 3.8 4.2 4.8
Cpi Housing Utilities (Index Points) 250.20 258 250 271 266 278
Cpi Transportation (Index Points) 212.20 219 222 226 226 236
Consumer Price Index Cpi (Index Points) 254.70 259 258 267 270 282
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 2 2 2 2.25 2.5
Deposit Interest Rate (%) 3.60 3.85 3.85 3.85 4.1 4.1
Foreign Exchange Reserves (USD Million) 3285.74 3270 3300 3340 3400 3600
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) -1037303.00 -985000 -1020000 -1192000 -1360000 -1415000
Current Account (USD Million) -306.36 -200 -170 -480 -415 -350
Current Account to GDP (%) -3.00 -7 -7 -7 -7 -6
Imports (USD Thousand) 1444701.00 1280000 1400000 1500000 1700000 1800000
Exports (USD Thousand) 407398.00 295000 380000 308000 340000 385000
Remittances (USD Million) 2305.20 2500 2500 2500 2500 2550
Tourist Arrivals (people) 296226.00 435000 360000 280000 470000 485000
Capital Flows (USD Million) -115.78 -120 -120 -266 -120 -80
Foreign Direct Investment (USD Million) 177.00 280 285 196 285 290
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 103.30 92 92 92 92 90
Government Budget (% of GDP) -0.10 0.3 0.3 0.3 0.3 0.4
Military Expenditure (USD Million) 133.19 132 132 132 132 132
Government Debt (USD Million) 2019532.00 2098000 2100000 2120000 2070000 2080000
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Social Security Rate (%) 18.75 18.75 18.75 18.75 18.75 18.75
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.94 0.89 0.87 0.84 0.82 0.82


This page has economic forecasts for Jamaica including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Jamaica economy.