Markets Actual Q1 Q2 Q3 Q4 2022
Currency 149.83 152 153 154 156 158
Stock Market (points) 392422.30 385045 377824 370721 363736 349766

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 8.30 0.7 0.5 0.6 0.9 0.9
GDP Annual Growth Rate (%) -10.70 3 13 7 4.2 4.2
Unemployment Rate (%) 12.60 14.5 15 14.4 13.8 11
Inflation Rate (%) 5.20 4.3 4.1 4 4 4.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Balance of Trade (USD Thousand) -723505.76 -1175000 -1090000 -1107000 -1415000 -1192000
Current Account (USD Million) -105.92 -90 -110 -1150 -120 -100
Current Account to GDP (%) -1.90 -2.5 -2.5 -2.5 -2.5 -2.8
Government Debt to GDP (%) 103.30 118 118 118 118 110
Government Budget (% of GDP) 1.40 -2.5 -2.5 -2.5 -2.5 -1.5
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 2022
GDP Growth Rate (%) 8.30 0.7 0.5 0.6 0.9 0.9
GDP Annual Growth Rate (%) -10.70 3 13 7 4.2 4.2
GDP (USD Billion) 15.72 15.3 15.3 15.3 15.3 17
GDP per capita (USD) 4867.00 4650 4650 4650 4650 4800
GDP per capita PPP (USD) 9761.50 9490 9490 9490 9490 9560
GDP Constant Prices (USD Million) 160859.00 185125 196795 181771 203137 192900
GDP From Agriculture (USD Million) 14072.00 12964 15532 15901 13315 13508
GDP From Construction (USD Million) 10766.00 13999 15041 12166 14602 14587
GDP From Manufacturing (USD Million) 14584.00 15787 17192 16480 18033 16450
GDP From Mining (USD Million) 3950.00 3046 3575 4464 6121 3174
GDP From Public Administration (USD Million) 24474.00 22324 23532 27656 27396 23262
GDP From Services (USD Million) 28377.00 32973 34397 32066 33989 34358
GDP From Transport (USD Million) 17390.00 20061 20919 19651 22652 20903
GDP From Utilities (USD Million) 5665.00 5749 6354 6401 6641 5990

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 12.60 14.5 15 14.4 13.8 11
Youth Unemployment Rate (%) 28.00 23.5 23 22.5 22 20
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 61.30 62.6 63 63.5 64 66.5
Unemployed Persons 161300.00 130000 125000 120000 120000 115000
Employed Persons 1118300.00 1210000 1220000 1230000 1230000 1250000
Employment Rate (%) 87.40 90.5 91 91.5 91.9 93

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 5.20 4.3 4.1 4 4 4.5
Inflation Rate Mom (%) 1.30 0.5 0.3 0.2 0.4 0.3
Consumer Price Index CPI (points) 109.00 108 108 110 284 112
Cpi Housing Utilities (points) 107.10 265 109 111 279 276
Cpi Transportation (points) 100.10 224 105 104 237 233
Food Inflation (%) 6.90 6.1 6 5.7 5.1 4.8

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Deposit Interest Rate (%) 2.60 2.6 2.6 2.6 2.6 2.6
Central Bank Balance Sheet (JMD Million ) 923168.00 885000 870000 853000 840000 810000
Foreign Exchange Reserves (USD Million) 3856.55 3590 3620 3650 3700 3900

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Thousand) -723505.76 -1175000 -1090000 -1107000 -1415000 -1192000
Current Account (USD Million) -105.92 -90 -110 -1150 -120 -100
Current Account to GDP (%) -1.90 -2.5 -2.5 -2.5 -2.5 -2.8
Imports (USD Thousand) 984354.78 1580000 1600000 1630000 1690000 1750000
Exports (USD Thousand) 260849.03 490000 493000 496000 498000 510000
Remittances (USD Million) 2415.10 2300 23000 2300 2300 2400
Tourist Arrivals (people) 7188.00 23000 35000 50000 60000 175000
Capital Flows (USD Million) -188.63 -140 -120 -110 -100 -120
External Debt (USD Million) 12708.61 13800 13900 14100 14100 14377
Foreign Direct Investment (USD Million) 89.88 130 150 170 180 240

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 103.30 118 118 118 118 110
Government Budget (% of GDP) 1.40 -2.5 -2.5 -2.5 -2.5 -1.5
Military Expenditure (USD Million) 201.00 170 170 170 170 170
Government Debt (USD Million) 2079464.00 2070000 2070000 2050000 2050000 2010000

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Private Sector Credit (JMD Million ) 1047127.10 912849 1017907 1146309 1120426 951188
Gasoline Prices (USD/Liter) 0.80 0.76 0.72 0.69 0.65 0.62


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.