Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 395994.90 389580 383283 377066 370968 359060
Currency 154.40 155 156 157 158 160

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.40 0.8 0.7 0.3 0.4 0.4
GDP Annual Growth Rate (%) 14.20 8.5 4.9 1.8 3.2 5.5
Unemployment Rate (%) 8.50 8 8 8 8 8.9
Inflation Rate (%) 8.50 8.6 7.3 5.8 5.1 4.5
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Balance of Trade (USD Thousand) -791489.00 -1202000 -533000 -533000 -533000 -1200000
Current Account (USD Million) -46.10 -160 -80 -80 -80 -200
Current Account to GDP (% of GDP) 0.20 -2.5 -3.2 -3.2 -3.2 -3.2
Government Debt to GDP (% of GDP) 110.10 102 90 90 90 90
Government Budget (% of GDP) -3.90 -1.5 0.3 0.3 0.3 0.3
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.40 0.8 0.7 0.3 0.4 0.4
GDP Annual Growth Rate (%) 14.20 8.5 4.9 1.8 3.2 5.5
GDP (USD Billion) 13.81 15.3 15.3 15.3 15.3 17
GDP per capita (USD) 4528.92 4650 4650 4650 4800 4800
GDP per capita PPP (USD) 8741.55 9490 9560 9560 9560 9560
GDP Constant Prices (USD Million) 183643.00 195923 187172 186949 189520 206699
GDP From Agriculture (USD Million) 16178.00 13886 15523 16469 16696 14650
GDP From Construction (USD Million) 12641.00 17177 16934 12869 13046 18121
GDP From Manufacturing (USD Million) 16380.00 18152 17358 16675 16904 19150
GDP From Mining (USD Million) 3585.00 3736 3902 3650 3700 3941
GDP From Public Administration (USD Million) 24573.00 25825 23979 25015 25359 27246
GDP From Services (USD Million) 33865.00 34710 33229 34475 34949 36619
GDP From Transport (USD Million) 19803.00 20756 19651 20159 20437 21898
GDP From Utilities (USD Million) 5891.00 6021 6028 5997 6080 6352

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 8.50 8 8 8 8 8.9
Youth Unemployment Rate (%) 19.00 22 20 20 20 19
Population (Million) 2.96 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 62.80 64 63.8 63.8 63.8 65
Unemployed Persons 112500.00 120000 122000 122000 122000 120000
Employed Persons 1215000.00 1230000 1215000 1215000 1215000 1250000
Employment Rate (%) 91.50 91.9 91.3 91.3 91.3 92

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 8.50 8.6 7.3 5.8 5.1 4.5
Inflation Rate Mom (%) 1.00 0.4 0.3 0.3 0.5 0.3
CPI Housing Utilities (points) 111.10 116 121 115 117 122
CPI Transportation (points) 113.40 114 114 115 115 115
Consumer Price Index CPI (points) 116.00 118 116 116 121 124
Food Inflation (%) 10.16 5.1 5.2 4.8 5.3 4.8

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Deposit Interest Rate (%) 2.50 3 3 3 3.25 3.5
Money Supply M1 (JMD Million ) 369356.30 252426 258000 258000 258000 295488
Money Supply M2 (JMD Million ) 760801.10 545596 557000 557000 557000 632052
Central Bank Balance Sheet (JMD Million ) 1133216.00 940000 955000 955000 955000 860000
Foreign Exchange Reserves (USD Million) 4120.94 3700 3680 3680 3680 3800

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Thousand) -791489.00 -1202000 -533000 -533000 -533000 -1200000
Current Account (USD Million) -46.10 -160 -80 -80 -80 -200
Current Account to GDP (% of GDP) 0.20 -2.5 -3.2 -3.2 -3.2 -3.2
Exports (USD Thousand) 354642.41 488000 525000 525000 525000 550000
Imports (USD Thousand) 1089040.00 1690000 1058000 1058000 1058000 1750000
Remittances (USD Million) 2905.00 2300 2300 2300 2300 2400
Tourist Arrivals (people) 90164.00 60000 80000 80000 80000 175000
Capital Flows (USD Million) 113.80 -100 -170 -170 -170 -230
External Debt (USD Million) 13626.63 14100 138400 138400 138400 14377
Foreign Direct Investment (USD Million) 50.60 180 140 140 140 230

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 110.10 102 90 90 90 90
Government Budget (% of GDP) -3.90 -1.5 0.3 0.3 0.3 0.3
Military Expenditure (USD Million) 247.00 170 200 200 200 200
Government Debt (USD Million) 2201202.38 2050000 1990000 1990000 1990000 2000000

Taxes Actual Q4 Q1 Q2 Q3 2022
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 15.00 16.5 16.5 16.5 16.5 16.5
Social Security Rate (%) 19.50 18.75 18.75 18.75 18.75 18.75
Social Security Rate For Companies (%) 12.25 12 12 12 12 12
Social Security Rate For Employees (%) 7.25 6.75 6.75 6.75 6.75 6.75

Consumer Actual Q4 Q1 Q2 Q3 2022
Private Sector Credit (JMD Million ) 1118953.00 1148507 1125677 1128143 1154759 1211675
Gasoline Prices (USD/Liter) 1.04 0.89 0.94 0.89 0.85 0.8


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Jamaica Forecast - was last updated on Sunday, November 28, 2021.