Markets Actual Q2 Q3 Q4 Q1 2021
Currency 142.00 143 145 146 147 150
Stock Market (points) 377900.78 370796 363843 357003 350276 336823

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.50 -2 -0.8 0.3 0.7 0.9
GDP Annual Growth Rate (%) 0.00 -4.2 -4.6 -2.8 0.9 1.8
Unemployment Rate (%) 7.30 8.7 9.2 9.6 9.8 9.2
Inflation Rate (%) 4.80 4.5 4.7 4.2 4 4
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Balance of Trade (USD Thousand) -1147417.65 -1140000 -1185000 -1415000 -1160000 -1495000
Current Account (USD Million) -20.56 -130 -140 -150 -90 -120
Current Account to GDP (%) -2.80 -2.3 -2.3 -2.3 -2.5 -2.5
Government Debt to GDP (%) 103.30 120 120 120 118 118
Government Budget (% of GDP) 0.10 -3.5 -3.5 -3.5 -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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.50 -2 -0.8 0.3 0.7 0.9
GDP Annual Growth Rate (%) 0.00 -4.2 -4.6 -2.8 0.9 1.8
GDP (USD Billion) 15.72 14.11 15.8 14.11 16.2 15.24
GDP per capita (USD) 4841.65 5200 5200 5200 5350 5350
GDP per capita PPP (USD) 8265.60 7852 8450 8450 7852 7691
GDP Constant Prices (USD Million) 197013.00 192824 186976 186019 193100 189368
GDP From Agriculture (USD Million) 13804.00 14961 12162 12099 12560 12317
GDP From Construction (USD Million) 14944.00 12341 13185 13117 13616 13353
GDP From Manufacturing (USD Million) 16870.00 16151 17302 17213 17868 17523
GDP From Mining (USD Million) 3235.00 5152 4677 4653 4830 4737
GDP From Public Administration (USD Million) 23719.00 23915 25070 24942 25891 25390
GDP From Services (USD Million) 34984.00 32835 31279 31119 32303 31679
GDP From Transport (USD Million) 21367.00 21544 20879 20773 21563 21147
GDP From Utilities (USD Million) 6111.00 6076 6090 6058 6289 6168

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 7.30 8.7 9.2 9.6 9.8 9.2
Youth Unemployment Rate (%) 18.00 18 17.8 17.7 17.8 17.9
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 64.50 64.5 64.8 65.3 65.5 65.7
Unemployed Persons 100400.00 99000 99500 98000 98000 100000
Employed Persons 1269100.00 1243000 1246000 1250000 1250000 1250000
Employment Rate (%) 92.70 93.3 93.5 93.6 93.4 93.2

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 4.80 4.5 4.7 4.2 4 4
Inflation Rate Mom (%) -0.30 0.5 0.3 1.3 1.3 1.3
Consumer Price Index Cpi (points) 268.80 270 277 282 280 293
Cpi Housing Utilities (points) 261.40 261 263 265 277 275
Cpi Transportation (points) 212.90 223 223 223 220 232
Food Inflation (%) 6.90 7.4 7.1 6.3 6.1 5.1

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Deposit Interest Rate (%) 3.20 3.2 3.2 3.95 3.2 4.45
Central Bank Balance Sheet (JMD Million ) 846555.00 670000 672000 672000 672000 670858
Foreign Exchange Reserves (USD Million) 3465.10 3500 3550 3600 3600 3700

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Thousand) -1147417.65 -1140000 -1185000 -1415000 -1160000 -1495000
Current Account (USD Million) -20.56 -130 -140 -150 -90 -120
Current Account to GDP (%) -2.80 -2.3 -2.3 -2.3 -2.5 -2.5
Imports (USD Thousand) 1533478.91 1590000 1610000 1800000 1630000 1890000
Exports (USD Thousand) 386061.26 450000 425000 385000 470000 395000
Remittances (USD Million) 2415.10 2100 2100 2100 2300 2300
Tourist Arrivals (people) 487391.00 290000 325000 485000 460000 490000
Capital Flows (USD Million) -489.68 -100 -90 -80 -110 -100
External Debt (USD Million) 14071.76 13800 13700 13700 13700 14377
Foreign Direct Investment (USD Million) 148.00 200 230 290 290 290

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 103.30 120 120 120 118 118
Government Budget (% of GDP) 0.10 -3.5 -3.5 -3.5 -2.5 -2.5
Military Expenditure (USD Million) 201.00 170 170 170 170 170
Government Debt (USD Million) 2008086.00 2068000 2080000 2060000 2060000 2050000

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Private Sector Credit (JMD Million ) 996209.34 890401 912502 928157 963488 944864
Gasoline Prices (USD/Liter) 0.82 0.88 0.84 0.8 0.76 0.72


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.