Markets Actual Q1 Q2 Q3 Q4 2020
Currency 137.00 130 131 133 134 136
Stock Market (points) 490731.63 503405 498730 494106 489482 480427
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.10 0.2 0.8 0.3 1.3 1.3
GDP Annual Growth Rate (%) 0.60 1.9 2.1 2.2 2.3 2.3
Unemployment Rate (%) 7.80 7.2 7 7.2 7 7.2
Inflation Rate (%) 6.20 5.2 4.7 4.4 4 4
Interest Rate (%) 0.50 0.5 0.75 0.75 0.75 1.5
Balance of Trade (USD Thousand) -1204823.00 -1250000 -1140000 -1185000 -1415000 -1555000
Current Account (USD Million) -51.88 -150 -130 -140 -150 -120
Current Account to GDP (%) -2.80 -2.3 -2.3 -2.3 -2.3 -2.5
Government Debt to GDP (%) 103.30 90 90 90 90 88
Government Budget (% of GDP) -0.10 0.4 0.4 0.4 0.4 0.5
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 (%) -0.10 0.2 0.8 0.3 1.3 1.3
GDP Annual Growth Rate (%) 0.60 1.9 2.1 2.2 2.3 2.3
GDP (USD Billion) 15.72 15.8 15.8 15.8 15.8 15.8
GDP per capita (USD) 4841.65 5200 5200 5200 5200 5350
GDP per capita PPP (USD) 8265.60 8450 8450 8450 8450 8450
GDP Constant Prices (USD Million) 191378.00 197529 199028 199127 201490 206124
GDP From Agriculture (USD Million) 12448.00 14147 15442 15450 15633 15993
GDP From Construction (USD Million) 13495.00 15227 12738 12745 12896 13193
GDP From Manufacturing (USD Million) 17709.00 16428 16670 16678 16876 17265
GDP From Mining (USD Million) 4787.00 5443 5318 5321 5384 5508
GDP From Public Administration (USD Million) 25660.00 23040 24684 24697 24990 25565
GDP From Services (USD Million) 32015.00 34105 33891 33908 34310 35100
GDP From Transport (USD Million) 21371.00 21037 22237 22248 22512 23030
GDP From Utilities (USD Million) 6233.00 6106 6271 6274 6349 6495
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.80 7.2 7 7.2 7 7.2
Youth Unemployment Rate (%) 17.30 19 19.8 19.2 18 20
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Unemployed Persons 106700.00 100000 99000 99500 98000 100000
Labor Force Participation Rate (%) 65.20 65 64.5 64.8 65.3 66
Employed Persons 1254100.00 1240000 1243000 1246000 1250000 1250000
Employment Rate (%) 91.60 93.9 94.1 94.3 94.4 92
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 6.20 5.2 4.7 4.4 4 4
Inflation Rate Mom (%) 0.50 0.8 0.5 0.3 1.3 1.3
Food Inflation (%) 10.70 9.3 8.6 7.1 6.3 5.1
Cpi Housing Utilities (points) 254.00 260 261 262 264 275
Cpi Transportation (points) 214.10 225 223 222 223 232
Consumer Price Index Cpi (points) 270.60 270 271 276 281 293
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.50 0.5 0.75 0.75 0.75 1.5
Deposit Interest Rate (%) 3.20 3.95 3.2 3.2 3.95 4.45
Central Bank Balance Sheet (JMD Million ) 647481.70 668581 670000 672000 672000 670858
Foreign Exchange Reserves (USD Million) 3354.11 3450 3500 3550 3600 3700
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) -1204823.00 -1250000 -1140000 -1185000 -1415000 -1555000
Current Account (USD Million) -51.88 -150 -130 -140 -150 -120
Current Account to GDP (%) -2.80 -2.3 -2.3 -2.3 -2.3 -2.5
Imports (USD Thousand) 1641498.00 1650000 1590000 1610000 1800000 1950000
Exports (USD Thousand) 436675.00 400000 450000 425000 385000 395000
Remittances (USD Million) 2345.80 2550 2550 2550 2550 2600
Tourist Arrivals (people) 348022.00 475000 390000 275000 485000 490000
External Debt (USD Million) 14006.29 14200 13800 13700 13700 14377
Capital Flows (USD Million) 194.05 -120 -100 -90 -80 -80
Foreign Direct Investment (USD Million) 151.31 250 200 230 290 290
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 103.30 90 90 90 90 88
Government Budget (% of GDP) -0.10 0.4 0.4 0.4 0.4 0.5
Military Expenditure (USD Million) 201.00 170 170 170 170 170
Government Debt (USD Million) 2022279.00 2070000 2068000 2080000 2060000 2050000
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
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 6.75 6.75 6.75 6.75 6.75 6.75
Consumer Actual Q1 Q2 Q3 Q4 2020
Private Sector Credit (JMD Million ) 1280555.30 880443 919051 1294641 1310008 1340138
Gasoline Prices (USD/Liter) 0.96 1.05 1.08 1.11 1.13 1.13


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.