Markets Actual Q4 Q1 Q2 Q3 2021
Currency 145.00 147 149 150 151 154
Stock Market (points) 371964.66 362292 355498 348815 342243 329098

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -15.70 1.5 0.7 0.5 0.6 0.9
GDP Annual Growth Rate (%) -18.40 -6 -3 13 7 4.2
Unemployment Rate (%) 7.30 9.6 9.4 9.3 9.1 9
Inflation Rate (%) 4.90 4.5 4.3 4.1 4 4
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Balance of Trade (USD Thousand) -1147417.65 -1415000 -1175000 -1090000 -1107000 -1415000
Current Account (USD Million) 40.69 -80 -90 -110 -1150 -120
Current Account to GDP (%) -1.90 -2.3 -2.5 -2.5 -2.5 -2.5
Government Debt to GDP (%) 103.30 120 118 118 118 118
Government Budget (% of GDP) 1.40 -3.5 -2.5 -2.5 -2.5 -2.5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -15.70 1.5 0.7 0.5 0.6 0.9
GDP Annual Growth Rate (%) -18.40 -6 -3 13 7 4.2
GDP (USD Billion) 15.72 14.9 15.3 15.3 15.3 15.24
GDP per capita (USD) 4867.00 4500 4650 4650 4650 4650
GDP per capita PPP (USD) 9761.50 9440 9490 9490 9490 9490
GDP Constant Prices (USD Million) 191053.00 198570 185192 185321 215890 203137
GDP From Agriculture (USD Million) 15083.00 13016 12976 14631 17044 13315
GDP From Construction (USD Million) 14594.00 14273 14047 14156 16491 14602
GDP From Manufacturing (USD Million) 16629.00 17627 15858 16130 18791 18033
GDP From Mining (USD Million) 3464.00 5983 3041 3360 3914 6121
GDP From Public Administration (USD Million) 22862.00 26780 22296 22176 25834 27396
GDP From Services (USD Million) 33330.00 33225 32885 32330 37663 33989
GDP From Transport (USD Million) 20326.00 22143 20085 19716 22968 22652
GDP From Utilities (USD Million) 6177.00 6492 5744 5992 6980 6641

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.30 9.6 9.4 9.3 9.1 9
Youth Unemployment Rate (%) 18.00 24.5 23.5 23 22.5 22
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 64.50 63.7 63.9 64.1 64.3 64.5
Unemployed Persons 100400.00 135000 130000 125000 120000 120000
Employed Persons 1269100.00 1200000 1210000 1220000 1230000 1250000
Employment Rate (%) 92.70 90 90.5 91 91.5 91.9

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.90 4.5 4.3 4.1 4 4
Inflation Rate Mom (%) 0.20 0.3 0.5 0.3 0.2 0.4
Consumer Price Index CPI (points) 106.10 108 108 110 110 112
Cpi Housing Utilities (points) 104.80 265 109 111 111 276
Cpi Transportation (points) 100.00 224 105 104 104 233
Food Inflation (%) 6.90 6.3 6.1 6 5.7 5.1

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Deposit Interest Rate (%) 3.20 3.95 3.2 3.2 3.2 4.45
Central Bank Balance Sheet (JMD Million ) 846555.00 857000 853000 849000 843000 840000
Foreign Exchange Reserves (USD Million) 3490.42 3590 3590 3620 3650 3700

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Thousand) -1147417.65 -1415000 -1175000 -1090000 -1107000 -1415000
Current Account (USD Million) 40.69 -80 -90 -110 -1150 -120
Current Account to GDP (%) -1.90 -2.3 -2.5 -2.5 -2.5 -2.5
Imports (USD Thousand) 1533478.91 1560000 1580000 1600000 1630000 1690000
Exports (USD Thousand) 386061.26 385000 490000 493000 496000 498000
Remittances (USD Million) 2415.10 2100 2300 23000 2300 2300
Tourist Arrivals (people) 177318.00 50000 63000 70000 85000 92000
Capital Flows (USD Million) 312.35 -160 -140 -120 -110 -100
External Debt (USD Million) 13337.25 13500 13800 13900 14100 14377
Foreign Direct Investment (USD Million) 102.50 110 130 150 170 180

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 103.30 120 118 118 118 118
Government Budget (% of GDP) 1.40 -3.5 -2.5 -2.5 -2.5 -2.5
Military Expenditure (USD Million) 201.00 170 170 170 170 170
Government Debt (USD Million) 2054365.00 2080000 2070000 2070000 2050000 2050000

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Private Sector Credit (JMD Million ) 1012312.40 896624 912849 958611 1143913 951188
Gasoline Prices (USD/Liter) 0.75 0.94 0.73 0.7 0.66 0.89


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.