Jamaica - Economic Forecasts - 2018-2020 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.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.40 0.6 0.7 0.8 0.8 1 percent
Unemployment Rate 11.30 12.5 12.5 11.6 11.7 12 percent
Inflation Rate 4.80 4.5 4.6 4.4 4.6 4.2 percent
Interest Rate 3.00 3.5 3.5 3.5 3.5 3.75 percent
Balance of Trade -1136112.00 -679322 -653353 -836325 -819665 -746271 USD Thousand
Government Debt to GDP 122.80 127 127 122 130 138 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 125.19
125 127 129 130 137
Stock Market 288754.47
points
267356 245392 225204 206707 104077
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.40
percent
0.6 0.7 0.8 0.8 1
GDP Annual Growth Rate 0.80
percent
1.1 1.3 1.6 1.8 2.5
GDP 14.03
USD Billion
14.1 14 13.9 13.8 13.4
GDP per capita 4796.00
USD
4761 4776 4790 5050 5190
GDP per capita PPP 8190.00
USD
8171 8189 8207 8226 8133
Gdp Constant Prices 186004.00
USD Million
189032 188861 187018 187260 186854
Gdp From Agriculture 12376.00
USD Million
13224 13350 12568 12299 12325
Gdp From Construction 13149.00
USD Million
14184 12778 13095 14337 13911
Gdp From Manufacturing 16788.00
USD Million
16431 16000 16480 16438 16360
Gdp From Mining 3797.00
USD Million
4000 4100 4195 4286 5095
Gdp From Services 31454.00
USD Million
37000 37000 38000 38000 39000
Gdp From Transport 20741.00
USD Million
20526 20935 20833 20685 20718
Gdp From Utilities 6210.00
USD Million
6060 6133 6143 6101 6093
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.30
percent
12.5 12.5 11.6 11.7 12
Youth Unemployment Rate 24.50
percent
26.37 27.55 27.77 27.4 28.73
Population 2.80
Million
2.8 2.79 2.79 2.79 2.79
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.80
percent
4.5 4.6 4.4 4.6 4.2
Inflation Rate Mom 0.00
percent
0.43 0.6 0.62 0.62 0.62
Food Inflation 6.20
percent
6.5 6 6.2 6.5 5.5
Cpi Transportation 209.80
Index Points
209 209 208 207 200
Consumer Price Index Cpi 248.60
Index Points
242 242 242 243 244
Cpi Housing Utilities 239.80
Index Points
238 238 237 236 224
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 3.00
percent
3.5 3.5 3.5 3.5 3.75
Deposit Interest Rate 4.51
percent
6.16 5.73 5.29 4.85 8.42
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -1136112.00
USD Thousand
-679322 -653353 -836325 -819665 -746271
Exports 317219.00
USD Thousand
333096 343484 348855 353479 384755
Imports 1453332.00
USD Thousand
1409467 1387625 1378491 1370248 1279974
Current Account -49.30
USD Million
-79.73 -71.43 -81.39 -79.97 -77.33
Current Account to GDP -0.70
percent
-4 -4 -4.34 -4 -6
Remittances 2291.50
USD Million
2249 2272 2295 2318 2230
Terrorism Index 0.06
0.06 0.06 0.06 0.06 0.02
Tourist Arrivals 263967.00
people
254000 243600 237600 233700 225800
Capital Flows -44.90
USD Million
44.59 43.65 42.51 41.59 40.31
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 122.80
percent
127 127 122 130 138
Government Budget -0.20
percent of GDP
-2.19 -2.39 -2.6 -2.8 -3.89
Military Expenditure 118.80
USD Million
119 119 119 119 120
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 6789.74
KBps
6730 6745 6754 6703 6437
IP Addresses 166943.00
IP
168069 167635 167115 166528 158962
Ease of Doing Business 70.00
73 77 81 86 86
Corruption Index 39.00
Points
39 39 38 38 36
Corruption Rank 83.00
72 76 79 82 74
Competitiveness Index 4.25
Points
4.17 4.17 4.17 4.17 4.54
Competitiveness Rank 70.00
73 73 73 73 71
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Gasoline Prices 0.99
USD/Liter
0.99 0.98 0.98 0.97 0.9
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 30.00
percent
27 27 27 27 25
Sales Tax Rate 16.50
percent
17 17 17 17 17
Social Security Rate 18.75
percent
18.75 18.75 18.75 18.75 18.75
Social Security Rate For Companies 12.00
percent
12 12 12 12 12
Social Security Rate For Employees 6.75
percent
6.75 6.75 6.75 6.75 6.75
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 171.27
mm
95.23 187 189 236 181
Temperature 26.05
celsius
24.8 26.5 27.45 25.85 26.73