Markets Actual Q3 Q4 Q1 Q2 2022
Currency 153.13 154 155 156 157 159
Stock Market (points) 423042.60 415089 407305 399648 392118 377531

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.60 0.6 0.8 0.7 0.3 0.4
GDP Annual Growth Rate (%) -6.70 5.5 1.5 4.9 3.8 5.5
Unemployment Rate (%) 8.90 8.5 8 8 8 8.9
Inflation Rate (%) 5.00 4 4 4.2 4.2 4.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Balance of Trade (USD Thousand) -791489.00 -1195000 -1415000 -1415000 -1202000 -1200000
Current Account (USD Million) 53.64 -400 -160 -80 -80 -200
Current Account to GDP (% of GDP) -1.90 -2.5 -2.5 -3.2 -3.2 -3.2
Government Debt to GDP (% of GDP) 110.10 102 102 90 90 90
Government Budget (% of GDP) -3.90 -1.5 -1.5 0.3 0.3 0.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.60 0.6 0.8 0.7 0.3 0.4
GDP Annual Growth Rate (%) -6.70 5.5 1.5 4.9 3.8 5.5
GDP (USD Billion) 13.81 15.3 15.3 15.3 15.3 17
GDP per capita (USD) 4357.96 4650 4650 4650 4650 4800
GDP per capita PPP (USD) 8741.55 9490 9490 9490 9490 9560
GDP Constant Prices (USD Million) 180574.00 180543 183283 189422 187436 193363
GDP From Agriculture (USD Million) 12798.00 13445 12990 13425 13284 13704
GDP From Construction (USD Million) 15831.00 15186 16068 16607 16433 16952
GDP From Manufacturing (USD Million) 16730.00 16732 16981 17550 17366 17915
GDP From Mining (USD Million) 3443.00 4044 3495 3612 3574 3687
GDP From Public Administration (USD Million) 23802.00 27124 24159 24968 24706 25488
GDP From Services (USD Million) 31991.00 31123 32471 33559 33207 34257
GDP From Transport (USD Million) 19130.00 19159 19417 20067 19857 20485
GDP From Utilities (USD Million) 5549.00 6115 5632 5821 5760 5942

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 8.90 8.5 8 8 8 8.9
Youth Unemployment Rate (%) 19.00 22.5 22 20 20 19
Population (Million) 2.96 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 62.80 63.5 64 63.8 63.8 65
Unemployed Persons 116100.00 124000 120000 122000 122000 120000
Employed Persons 1194800.00 1230000 1230000 1215000 1215000 1250000
Employment Rate (%) 91.10 91.5 91.9 91.3 91.3 92

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 5.00 4 4 4.2 4.2 4.5
Inflation Rate Mom (%) 1.20 0.2 0.4 0.3 0.3 0.3
Consumer Price Index CPI (points) 109.00 108 284 284 113 118
Cpi Housing Utilities (points) 111.80 109 279 279 111 116
Cpi Transportation (points) 102.90 104 104 106 107 109
Food Inflation (%) 5.40 5.3 5.1 5.2 4.8 4.8

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Deposit Interest Rate (%) 2.50 2.5 4.45 2.5 2.5 3
Money Supply M1 (JMD Million ) 353954.90 252426 259757 258000 258000 295488
Money Supply M2 (JMD Million ) 734449.10 545596 560639 557000 557000 632052
Central Bank Balance Sheet (JMD Million ) 1028154.00 953000 940000 955000 955000 860000
Foreign Exchange Reserves (USD Million) 4130.13 3650 3700 3680 3680 3800

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Thousand) -791489.00 -1195000 -1415000 -1415000 -1202000 -1200000
Current Account (USD Million) 53.64 -400 -160 -80 -80 -200
Current Account to GDP (% of GDP) -1.90 -2.5 -2.5 -3.2 -3.2 -3.2
Imports (USD Thousand) 1089040.00 1630000 1690000 1058000 1058000 1750000
Exports (USD Thousand) 297551.00 456000 488000 525000 525000 550000
Remittances (USD Million) 2905.00 2300 2300 2300 2300 2400
Tourist Arrivals (people) 90164.00 50000 60000 80000 80000 175000
Capital Flows (USD Million) -117.58 -110 -100 -170 -170 -230
External Debt (USD Million) 12708.61 14100 14100 138400 138400 14377
Foreign Direct Investment (USD Million) 50.59 170 180 140 140 230

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 110.10 102 102 90 90 90
Government Budget (% of GDP) -3.90 -1.5 -1.5 0.3 0.3 0.3
Military Expenditure (USD Million) 247.00 170 170 200 200 200
Government Debt (USD Million) 2170441.00 2100000 2050000 1990000 1990000 2000000

Taxes Actual Q3 Q4 Q1 Q2 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 (%) 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 2022
Private Sector Credit (JMD Million ) 1073095.50 1104719 1074410 1125677 1113873 1133502
Gasoline Prices (USD/Liter) 1.00 0.95 0.9 0.86 0.82 0.77


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.