Markets Actual Q2 Q3 Q4 Q1 2022
Currency 150.50 152 153 155 156 159
Stock Market (points) 428629.60 420015 412139 404391 396772 381533

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.90 0.5 0.6 0.8 0.7 0.4
GDP Annual Growth Rate (%) -8.30 13 7 3.5 4.1 5.3
Unemployment Rate (%) 10.70 15 14.4 13.8 13.6 12.9
Inflation Rate (%) 4.50 4.1 4 4 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 -1170000 -1415000 -1202000 -1200000
Current Account (USD Million) 38.40 -110 -400 -160 -80 -200
Current Account to GDP (%) -1.90 -2.5 -2.5 -2.5 -3.2 -3.2
Government Debt to GDP (%) 110.10 102 102 102 90 90
Government Budget (% of GDP) 1.40 -1.5 -1.5 -1.5 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.90 0.5 0.6 0.8 0.7 0.4
GDP Annual Growth Rate (%) -8.30 13 7 3.5 4.1 5.3
GDP (USD Billion) 16.46 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) 180574.00 181779 182881 176899 177925 186275
GDP From Agriculture (USD Million) 12798.00 15901 13638 13192 13269 13891
GDP From Construction (USD Million) 15831.00 12166 15402 14898 14984 15687
GDP From Manufacturing (USD Million) 16730.00 16488 16958 16404 16499 17273
GDP From Mining (USD Million) 3443.00 4464 4071 3938 3961 4147
GDP From Public Administration (USD Million) 23802.00 27656 27510 26610 26764 28020
GDP From Services (USD Million) 31991.00 32066 31565 30533 30710 32151
GDP From Transport (USD Million) 19130.00 19651 19431 18796 18905 19792
GDP From Utilities (USD Million) 5549.00 6401 6202 5999 6034 6317

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 10.70 15 14.4 13.8 13.6 12.9
Youth Unemployment Rate (%) 28.00 23 22.5 22 20 19
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Employed Persons 1155800.00 1220000 1230000 1230000 1215000 1250000
Employment Rate (%) 89.30 91 91.5 91.9 91.3 92
Labor Force Participation Rate (%) 61.30 63 63.5 64 63.8 65
Unemployed Persons 137800.00 128000 124000 120000 122000 120000

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 4.50 4.1 4 4 4.2 4.5
Consumer Price Index CPI (points) 108.30 108 110 284 113 118
Cpi Housing Utilities (points) 112.60 109 111 279 111 116
Cpi Transportation (points) 101.90 105 104 237 104 109
Food Inflation (%) 6.90 6.5 5.7 5.1 5.2 4.8
Inflation Rate Mom (%) 1.10 0.3 0.2 0.4 0.3 0.3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Deposit Interest Rate (%) 2.50 2.5 2.5 4.45 2.5 3
Central Bank Balance Sheet (JMD Million ) 998283.00 970000 953000 940000 955000 860000
Foreign Exchange Reserves (USD Million) 4025.82 3620 3650 3700 3680 3800
Money Supply M1 (JMD Million ) 258036.28 252426 259757 266999 258000 295488
Money Supply M2 (JMD Million ) 560699.72 545596 560639 575426 557000 632052

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Thousand) -791489.00 -1195000 -1170000 -1415000 -1202000 -1200000
Current Account (USD Million) 38.40 -110 -400 -160 -80 -200
Current Account to GDP (%) -1.90 -2.5 -2.5 -2.5 -3.2 -3.2
Imports (USD Thousand) 1089040.00 1600000 1630000 1690000 1058000 1750000
Exports (USD Thousand) 297551.00 430000 456000 488000 525000 550000
Remittances (USD Million) 2905.00 23000 2300 2300 2300 2400
Capital Flows (USD Million) -148.80 -120 -110 -100 -170 -230
External Debt (USD Million) 12708.61 13900 14100 14100 138400 14377
Foreign Direct Investment (USD Million) 22.10 150 170 180 140 230
Tourist Arrivals (people) 90164.00 35000 50000 60000 80000 175000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 110.10 102 102 102 90 90
Government Budget (% of GDP) 1.40 -1.5 -1.5 -1.5 0.3 0.3
Military Expenditure (USD Million) 252.00 170 170 170 200 200
Government Debt (USD Million) 2170441.00 2200000 2100000 2050000 1990000 2000000

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Gasoline Prices (USD/Liter) 0.93 0.76 0.72 0.89 0.65 0.62
Private Sector Credit (JMD Million ) 1058531.70 1146309 1120426 1095580 1101931 1153646


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.