Markets Actual Q3 Q4 Q1 Q2 2023
Stock Market (points) 400219.75 393896 387653 381529 375526 363735
Currency 149.53 151 153 155 156 160

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -1.20 0.4 0.4 0.4 0.5 -0.3
GDP Annual Growth Rate (%) 6.40 2.2 2.5 2.9 3.1 3.5
Unemployment Rate (%) 6.20 8 8.9 8.9 8.9 8.9
Inflation Rate (%) 10.90 9.1 7.5 7 6 4
Interest Rate (%) 5.00 5.5 5.75 5.75 5.75 6
Balance of Trade (USD Thousand) -859730.64 -533000 -533000 -1200000 -1200000 -1190000
Current Account (USD Million) 42.10 -80 -200 -200 -200 -300
Current Account to GDP (% of GDP) 0.20 -3.2 -3.2 -3.2 -3.2 -2.6
Government Debt to GDP (% of GDP) 110.10 90 90 90 90 82
Government Budget (% of GDP) -3.90 0.3 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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -1.20 0.4 0.4 0.4 0.5 -0.3
GDP Annual Growth Rate (%) 6.40 2.2 2.5 2.9 3.1 3.5
GDP (USD Billion) 13.81 15.3 17 17 17 17
GDP per capita (USD) 4528.92 4800 4800 4800 4800 4850
GDP per capita PPP (USD) 8741.55 9560 9560 9560 9560 9560
GDP Constant Prices (USD Million) 189919.00 185167 197527 195427 195806 204440
GDP From Agriculture (USD Million) 16013.00 13977 14932 16477 16509 15455
GDP From Construction (USD Million) 16701.00 15361 17187 17185 17219 17789
GDP From Manufacturing (USD Million) 17144.00 16815 16769 17641 17675 17356
GDP From Mining (USD Million) 1493.00 2779 1396 1536 1539 1445
GDP From Public Administration (USD Million) 22955.00 26379 24378 23621 23667 25231
GDP From Services (USD Million) 34461.00 31472 36272 35460 35529 37541
GDP From Transport (USD Million) 20405.00 20197 21594 20997 21038 22349
GDP From Utilities (USD Million) 5825.00 5958 6020 5994 6006 6231

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.20 8 8.9 8.9 8.9 8.9
Youth Unemployment Rate (%) 17.70 20 19 19 19 19
Population (Million) 2.98 3 3 3.02 3.02 3.02
Labor Force Participation Rate (%) 64.00 63.8 65 65 65 66.2
Unemployed Persons 83500.00 85000 85000 83000 83000 83000
Employed Persons 1257100.00 1215000 1215000 1215000 1215000 1250000
Employment Rate (%) 93.80 91.3 92 92 92 92.6

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 10.90 9.1 7.5 7 6 4
Inflation Rate Mom (%) 0.30 0.5 0.3 0.3 0.3 0.3
CPI Housing Utilities (points) 116.20 120 122 129 132 134
CPI Transportation (points) 118.40 119 119 120 120 120
Consumer Price Index CPI (points) 120.90 121 125 126 129 131
Food Inflation (%) 13.85 8.3 5.8 4.5 4.1 4.8

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 5.00 5.5 5.75 5.75 5.75 6
Deposit Interest Rate (%) 2.50 2.5 3 3.25 3.25 3.5
Money Supply M1 (JMD Million ) 369356.30 258000 258000 258000 258000 295488
Money Supply M2 (JMD Million ) 760801.10 557000 557000 557000 557000 632052
Central Bank Balance Sheet (JMD Million ) 1133216.00 955000 860000 860000 860000 730000
Foreign Exchange Reserves (USD Million) 4183.31 3680 3800 3800 3800 3750

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Thousand) -859730.64 -533000 -533000 -1200000 -1200000 -1190000
Current Account (USD Million) 42.10 -80 -200 -200 -200 -300
Current Account to GDP (% of GDP) 0.20 -3.2 -3.2 -3.2 -3.2 -2.6
Exports (USD Thousand) 367189.76 525000 550000 550000 550000 560000
Imports (USD Thousand) 1226920.40 1058000 1750000 1750000 1750000 1750000
Remittances (USD Million) 2905.00 2300 2400 2400 2400 2400
Tourist Arrivals 90164.00 80000 175000 175000 175000 230000
Capital Flows (USD Million) 76.90 -170 -230 -230 -230 -230
External Debt (USD Million) 14447.45 138400 138400 138400 138400 14377
Foreign Direct Investment (USD Million) 118.40 140 230 230 230 260

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 110.10 90 90 90 90 82
Government Budget (% of GDP) -3.90 0.3 0.3 0.3 0.3 0.3
Military Expenditure (USD Million) 247.00 200 200 200 200 220
Government Debt (USD Million) 2201202.38 1990000 2000000 2000000 2000000 2000000

Taxes Actual Q3 Q4 Q1 Q2 2023
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 Q3 Q4 Q1 Q2 2023
Private Sector Credit (JMD Million ) 1118953.00 1128143 1143570 1146927 1151403 1187069
Gasoline Prices (USD/Liter) 1.42 1.47 1.52 1.58 1.64 1.64


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, July 3, 2022.