Markets Actual Q3 Q4 Q1 Q2 2021
Currency 147.92 148 150 151 152 155
Stock Market (points) 368363.25 357975 351262 344658 338164 325176

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.70 4 1.5 0.7 0.5 0.9
GDP Annual Growth Rate (%) -2.30 -4.6 -2.8 0.9 1.1 1.8
Unemployment Rate (%) 7.30 9.2 9.6 9.4 9.3 9
Inflation Rate (%) 6.80 4.3 4.2 4 4 4
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Balance of Trade (USD Thousand) -1147417.65 -1180000 -1175000 -1090000 -1107000 -1192000
Current Account (USD Million) 40.69 -140 -150 -90 -110 -120
Current Account to GDP (%) -1.90 -2.3 -2.3 -2.5 -2.5 -2.5
Government Debt to GDP (%) 103.30 120 120 118 118 118
Government Budget (% of GDP) 1.40 -3.5 -3.5 -2.5 -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 Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.70 4 1.5 0.7 0.5 0.9
GDP Annual Growth Rate (%) -2.30 -4.6 -2.8 0.9 1.1 1.8
GDP (USD Billion) 15.72 14.9 14.9 15.3 15.3 15.24
GDP per capita (USD) 4867.00 4500 4500 4650 4650 4650
GDP per capita PPP (USD) 9761.50 9440 9440 9490 9490 9490
GDP Constant Prices (USD Million) 191053.00 186902 191497 198786 199180 194944
GDP From Agriculture (USD Million) 15083.00 12168 13417 13928 13956 13659
GDP From Construction (USD Million) 14594.00 13185 14526 15078 15108 14787
GDP From Manufacturing (USD Million) 16629.00 17303 16398 17022 17056 16693
GDP From Mining (USD Million) 3464.00 4681 3144 3264 3271 3201
GDP From Public Administration (USD Million) 22862.00 25070 23055 23932 23980 23470
GDP From Services (USD Million) 33330.00 31279 34004 35299 35369 34617
GDP From Transport (USD Million) 20326.00 20871 20769 21559 21602 21143
GDP From Utilities (USD Million) 6177.00 6090 5940 6166 6178 6047

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 7.30 9.2 9.6 9.4 9.3 9
Youth Unemployment Rate (%) 18.00 17.8 17.7 17.8 17.8 17.9
Population (Million) 2.73 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 64.50 64.8 65.3 65.5 65.5 65.7
Unemployed Persons 100400.00 99500 98000 98000 98000 100000
Employed Persons 1269100.00 1246000 1250000 1250000 1250000 1250000
Employment Rate (%) 92.70 93.5 93.6 93.4 93.4 93.2

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 6.80 4.3 4.2 4 4 4
Inflation Rate Mom (%) 1.40 0.1 0.3 0.5 0.3 0.4
Consumer Price Index CPI (points) 105.20 276 282 280 280 293
Cpi Housing Utilities (points) 106.40 262 265 272 272 275
Cpi Transportation (points) 99.60 222 223 221 221 232
Food Inflation (%) 6.90 6.1 6.3 6.1 6 5.1

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Deposit Interest Rate (%) 3.20 3.2 3.2 3.2 3.2 3.2
Central Bank Balance Sheet (JMD Million ) 846555.00 672000 672000 672000 672000 670858
Foreign Exchange Reserves (USD Million) 3683.99 3550 3600 3600 3600 3700

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Thousand) -1147417.65 -1180000 -1175000 -1090000 -1107000 -1192000
Current Account (USD Million) 40.69 -140 -150 -90 -110 -120
Current Account to GDP (%) -1.90 -2.3 -2.3 -2.5 -2.5 -2.5
Imports (USD Thousand) 1533478.91 1540000 1560000 1580000 1600000 1690000
Exports (USD Thousand) 386061.26 360000 385000 490000 493000 498000
Remittances (USD Million) 2415.10 2100 2100 2300 23000 2300
Tourist Arrivals (people) 487391.00 325000 485000 460000 460000 490000
Capital Flows (USD Million) 312.35 -90 -80 -110 -110 -100
External Debt (USD Million) 13337.25 13700 13700 13700 13700 14377
Foreign Direct Investment (USD Million) 102.50 230 290 290 290 290

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 103.30 120 120 118 118 118
Government Budget (% of GDP) 1.40 -3.5 -3.5 -2.5 -2.5 -2.5
Military Expenditure (USD Million) 201.00 170 170 170 170 170
Government Debt (USD Million) 2054365.00 2080000 2060000 2060000 2060000 2050000

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Private Sector Credit (JMD Million ) 1012312.40 912502 943925 1005175 1007168 960915
Gasoline Prices (USD/Liter) 0.79 0.77 0.73 0.7 0.66 0.63


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.