Jamaica | Economic Forecasts | 2017-2020 Outlook

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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 128.08 130 132 136 134 155 [+]
Stock Market 234736.94 234000 231000 224000 226000 189000 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -1.10 1.1 0.9 1.3 1.4 0.7 percent [+]
GDP Annual Growth Rate 1.10 2 1.7 1.9 1.5 2.4 percent [+]
GDP 14.26 14.67 14.6 14.7 14.77 15.57 USD Billion [+]
GDP per capita 4880.10 5010 5010 5010 4885 5190 USD [+]
GDP per capita PPP 8333.48 8550 8550 8550 8406 8438 USD [+]
Gdp Constant Prices 190091.00 190840 186231 190779 192877 190753 USD Million [+]
Gdp From Agriculture 12754.00 15174 12742 12973 15227 13364 USD Million [+]
Gdp From Manufacturing 16144.00 15835 16378 16292 16319 16567 USD Million [+]
Gdp From Mining 3776.00 3769 3765 3743 3750 3748 USD Million [+]
Gdp From Services 33897.00 32765 31574 33903 33089 33843 USD Million [+]
Gdp From Transport 20710.00 21188 20690 20749 20589 20845 USD Million [+]
Gdp From Utilities 5988.00 6194 6113 6052 6113 6119 USD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 12.90 12.8 12.6 12.7 12.5 12 percent [+]
Youth Unemployment Rate 27.40 29.18 28.46 28.83 28.08 28.76 percent [+]
Population 2.79 2.79 2.8 2.8 2.8 2.83 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.60 2.7 2.9 3.1 2.8 3.5 percent [+]
Inflation Rate Mom 0.30 0.39 0.41 0.41 0.41 0.41 percent [+]
Consumer Price Index Cpi 239.30 240 240 241 241 245 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 5.00 5 5 5.25 5.25 5.75 percent [+]
Deposit Interest Rate 4.90 5.01 5.17 5.34 5.24 5.25 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -723200.00 -773079 -780600 -786492 -791568 -818029 USD Thousand [+]
Exports 342000.00 334072 338500 339376 337987 337756 USD Thousand [+]
Imports 1065500.00 1089295 1150575 1113035 1142248 1133880 USD Thousand [+]
Current Account 6.00 -32.42 -32.43 -32.43 -32.43 -32.43 USD Million [+]
Current Account to GDP -2.30 -5.2 -5.72 -6.23 -7.04 -7.06 percent [+]
Remittances 2226.00 2294 2307 2321 2353 2784 USD Million [+]
Terrorism Index 0.12 0.13 0.14 0.14 0.14 0.14 [+]
Tourist Arrivals 262461.00 310248 310515 310474 310454 310457 people [+]
Capital Flows -6.00 59.34 59.34 59.34 59.34 59.34 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 128.40 130 129 127 127 128 percent [+]
Government Budget -0.70 -3.28 -3.57 -3.87 -3.87 -1.75 percent of GDP [+]
Military Expenditure 118.80 119 119 119 119 119 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 67.00 67 66 66 69 91 [+]
Competitiveness Index 4.13 3.98 3.98 3.98 4.17 4.24 Points [+]
Competitiveness Rank 75.00 80 80 80 74 68 [+]
Corruption Index 39.00 40 40 40 40 39 Points [+]
Corruption Rank 83.00 78 82 85 84 80 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Gasoline Prices 0.88 0.88 0.86 0.87 0.87 0.87 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 25.00 26.13 26.13 26.13 26.12 25.94 percent [+]
Sales Tax Rate 16.50 16.72 16.61 16.5 16.5 16.5 percent [+]
Social Security Rate 18.75 18.75 18.75 18.75 18.75 18.75 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 6.75 6.75 6.75 6.75 6.75 6.75 percent [+]