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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.60 1.2 1 1.3 1.2 1.3 percent
Unemployment Rate 9.60 9.5 10 10 10.5 12 percent
Inflation Rate 3.20 3 3.4 3.6 4.3 4.6 percent
Interest Rate 2.50 2.5 2.5 2.5 2.25 2.25 percent
Balance of Trade -1288249.45 -1468000 -1518000 -1615000 -1663500 -2460000 USD Thousand
Government Debt to GDP 103.30 95 95 95 92 89 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 125.11
126 127 129 130 136
Stock Market 305942.31
points
283409 264063 246024 229203 172704
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.60
percent
1.2 1 1.3 1.2 1.3
GDP Annual Growth Rate 1.10
percent
1.7 1.8 2 2 2.4
GDP 14.03
USD Billion
14.4 14.3 14.2 14.6 14.8
GDP per capita 4796.00
USD
4808 5050 5050 5130 5190
GDP per capita PPP 8190.00
USD
8210 8228 8245 8246 8205
Gdp Constant Prices 192699.00
USD Million
191334 187722 196168 192818 205295
Gdp From Agriculture 12739.00
USD Million
13953 12504 12968 14098 13572
Gdp From Construction 14592.00
USD Million
12501 13267 14855 14622 15546
Gdp From Manufacturing 16349.00
USD Million
15944 16903 16643 16513 17418
Gdp From Mining 4331.00
USD Million
3852 3831 4409 3932 4614
Gdp From Public Administration 23683.00
USD Million
24583 25838 24109 23233 25231
Gdp From Services 34096.00
USD Million
33182 31737 34710 33836 36325
Gdp From Transport 20876.00
USD Million
21596 20933 21252 20637 22241
Gdp From Utilities 6012.00
USD Million
6251 6266 6120 6075 6405
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 9.60
percent
9.5 10 10 10.5 12
Youth Unemployment Rate 22.30
percent
21.7 21.7 21.7 21.3 20
Population 2.73
Million
2.8 2.8 2.8 2.8 2.8
Unemployed Persons 128500.00
128000 128000 128000 123000 120000
Employed Persons 1206600.00
1210000 1210000 1210000 1220000 1230000
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.20
percent
3 3.4 3.6 4.3 4.6
Inflation Rate Mom -0.40
percent
-0.4 -0.5 -0.5 -0.2 0.3
Food Inflation 3.90
percent
3.7 3.5 3.3 3.2 3.4
Cpi Housing Utilities 236.30
Index Points
237 242 248 258 271
Cpi Transportation 211.80
Index Points
214 215 218 219 238
Consumer Price Index Cpi 247.00
Index Points
247 246 246 246 248
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.50
percent
2.5 2.5 2.5 2.25 2.25
Deposit Interest Rate 4.51
percent
3.76 3.76 3.76 3.51 3.51
Foreign Exchange Reserves 3411.78
USD Million
3450 3470 3490 3500 3750
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -1288249.45
USD Thousand
-1468000 -1518000 -1615000 -1663500 -2460000
Exports 330519.00
USD Thousand
332000 332000 335000 336500 340000
Imports 1618768.00
USD Thousand
1800000 1850000 1950000 2000000 2800000
Current Account -302.54
USD Million
-400 -480 -530 -500 -350
Current Account to GDP -3.00
percent
-4 -4 -4 -7 -6
Remittances 2291.50
USD Million
2303 2324 2345 2359 2552
Terrorism Index 0.06
0.06 0.06 0.06 0.09 0.09
Tourist Arrivals 460012.00
people
311500 311500 311500 311500 311500
Capital Flows -183.21
USD Million
-150 -150 -130 -120 -80
Foreign Direct Investment 263.66
USD Million
250 265 270 280 290
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 103.30
percent
95 95 95 92 89
Government Budget -0.10
percent of GDP
0.2 0.2 0.2 0.3 0.4
Military Expenditure 133.19
USD Million
119 119 119 115 120
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 6789.74
KBps
6745 6754 6703 6684 6437
IP Addresses 166943.00
IP
172044 173117 174176 175227 185914
Ease of Doing Business 70.00
77 81 86 88 86
Corruption Index 44.00
Points
40 41 42 42 39
Corruption Rank 68.00
73 71 68 68 68
Competitiveness Index 4.25
Points
4.19 4.19 4.19 4.19 4.19
Competitiveness Rank 70.00
72 72 72 72 72
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Gasoline Prices 1.02
USD/Liter
0.95 0.89 0.84 0.79 0.55
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 30.00
percent
30 30 30 26 25
Sales Tax Rate 16.50
percent
16.5 16.5 16.5 17 17
Social Security Rate 18.75
percent
18.75 18.75 18.75 19 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 6.71 6.75
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 171.27
mm
187 189 236 95.42 181
Temperature 26.05
celsius
26.5 27.45 25.85 24.85 26.73