Markets Actual Q4 Q1 Q2 Q3 2022
Currency 153.27 153 154 155 156 158
Stock Market (points) 407338.78 397323 390778 384315 377972 365612

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.40 0.8 0.7 0.3 0.4 0.4
GDP Annual Growth Rate (%) 14.20 1.5 1.9 3.8 3.2 5.5
Unemployment Rate (%) 8.90 8 8 8 8 8.9
Inflation Rate (%) 8.20 5.6 4.3 4.8 5.1 4.5
Interest Rate (%) 1.50 1.75 2 2 2.25 2.5
Balance of Trade (USD Thousand) -791489.00 -1415000 -1415000 -1415000 -1202000 -1200000
Current Account (USD Million) -46.10 -160 -80 -80 -80 -200
Current Account to GDP (% of GDP) 0.20 -2.5 -3.2 -3.2 -3.2 -3.2
Government Debt to GDP (% of GDP) 110.10 102 90 90 90 90
Government Budget (% of GDP) -3.90 -1.5 0.3 0.3 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.40 0.8 0.7 0.3 0.4 0.4
GDP Annual Growth Rate (%) 14.20 1.5 1.9 3.8 3.2 5.5
GDP (USD Billion) 13.81 15.3 15.3 15.3 15.3 17
GDP per capita (USD) 4357.96 4650 4650 4650 4800 4800
GDP per capita PPP (USD) 8741.55 9490 9560 9560 9560 9560
GDP Constant Prices (USD Million) 183643.00 183283 181819 190621 189520 193363
GDP From Agriculture (USD Million) 16178.00 12990 15079 16793 16696 13704
GDP From Construction (USD Million) 12641.00 16068 16450 13121 13046 16952
GDP From Manufacturing (USD Million) 16380.00 16981 16861 17002 16904 17915
GDP From Mining (USD Million) 3585.00 3495 3791 3721 3700 3687
GDP From Public Administration (USD Million) 24573.00 24159 23293 25507 25359 25488
GDP From Services (USD Million) 33865.00 32471 32279 35152 34949 34257
GDP From Transport (USD Million) 18734.00 22652 19417 19090 19446 20485
GDP From Utilities (USD Million) 5891.00 5632 5855 6115 6080 5942

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 8.90 8 8 8 8 8.9
Youth Unemployment Rate (%) 19.00 22 20 20 20 19
Population (Million) 2.96 2.73 2.73 2.73 2.73 2.73
Labor Force Participation Rate (%) 62.80 64 63.8 63.8 63.8 65
Unemployed Persons 116100.00 120000 122000 122000 122000 120000
Employed Persons 1194800.00 1230000 1215000 1215000 1215000 1250000
Employment Rate (%) 91.10 91.9 91.3 91.3 91.3 92

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 8.20 5.6 4.3 4.8 5.1 4.5
Inflation Rate Mom (%) 2.30 0.4 0.3 0.3 0.5 0.3
Consumer Price Index CPI (points) 114.90 115 113 115 121 120
Cpi Housing Utilities (points) 111.70 113 117 114 117 118
Cpi Transportation (points) 113.10 114 114 114 115 115
Food Inflation (%) 10.16 5.1 5.2 4.8 5.3 4.8

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.50 1.75 2 2 2.25 2.5
Deposit Interest Rate (%) 2.50 4.45 3.75 4 4 4.25
Money Supply M1 (JMD Million ) 354014.40 252426 258000 258000 258000 295488
Money Supply M2 (JMD Million ) 735982.80 545596 557000 557000 557000 632052
Central Bank Balance Sheet (JMD Million ) 1047373.00 940000 955000 955000 955000 860000
Foreign Exchange Reserves (USD Million) 4062.38 3700 3680 3680 3680 3800

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Thousand) -791489.00 -1415000 -1415000 -1415000 -1202000 -1200000
Current Account (USD Million) -46.10 -160 -80 -80 -80 -200
Current Account to GDP (% of GDP) 0.20 -2.5 -3.2 -3.2 -3.2 -3.2
Imports (USD Thousand) 1089040.00 1690000 1058000 1058000 1058000 1750000
Exports (USD Thousand) 354642.41 488000 525000 525000 525000 550000
Remittances (USD Million) 2905.00 2300 2300 2300 2300 2400
Tourist Arrivals (people) 90164.00 60000 80000 80000 80000 175000
Capital Flows (USD Million) 113.80 -100 -170 -170 -170 -230
External Debt (USD Million) 13626.63 14100 138400 138400 138400 14377
Foreign Direct Investment (USD Million) 50.60 180 140 140 140 230

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 110.10 102 90 90 90 90
Government Budget (% of GDP) -3.90 -1.5 0.3 0.3 0.3 0.3
Military Expenditure (USD Million) 247.00 170 200 200 200 200
Government Debt (USD Million) 2221653.29 2050000 1990000 1990000 1990000 2000000

Taxes Actual Q4 Q1 Q2 Q3 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 (%) 15.00 16.5 16.5 16.5 16.5 16.5
Social Security Rate (%) 19.50 18.75 18.75 18.75 18.75 18.75
Social Security Rate For Companies (%) 12.25 12 12 12 12 12
Social Security Rate For Employees (%) 7.25 6.75 6.75 6.75 6.75 6.75

Consumer Actual Q4 Q1 Q2 Q3 2022
Private Sector Credit (JMD Million ) 1108195.00 1083777 1074410 1093484 1150306 1133502
Gasoline Prices (USD/Liter) 1.01 0.96 0.91 0.87 0.82 0.78


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.