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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 126.86 127 126 124 123 109 [+]
Stock Market 296151.90 277000 274000 271000 269000 238000 points [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.80 0.5 0.6 0.7 0.8 1 percent [+]
GDP Annual Growth Rate -0.10 0.6 1.1 1.2 1.4 1.6 percent [+]
GDP 14.03 13.8 13.8 13.8 13.8 13.5 USD Billion [+]
GDP per capita 4796.00 5010 4803 4801 4800 5190 USD [+]
GDP per capita PPP 8190.00 8550 8229 8233 8237 8178 USD [+]
Gdp Constant Prices 189755.00 188542 189095 188981 187850 187560 USD Million [+]
Gdp From Agriculture 13835.00 12690 13255 13391 12888 12526 USD Million [+]
Gdp From Construction 12396.00 14362 14254 12754 12813 13861 USD Million [+]
Gdp From Manufacturing 15827.00 16215 16262 16004 16106 16134 USD Million [+]
Gdp From Mining 3820.00 4033 4136 4232 4324 4979 USD Million [+]
Gdp From Services 32902.00 37000 37000 37000 38000 39000 USD Million [+]
Gdp From Transport 21410.00 20747 20574 20979 20990 20839 USD Million [+]
Gdp From Utilities 6198.00 6034 6046 6110 6102 6066 USD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 12.20 12.7 12.5 12.5 12.4 12 percent [+]
Youth Unemployment Rate 26.20 26.72 28.29 28.41 28.76 29.41 percent [+]
Population 2.80 2.79 2.79 2.79 2.79 2.79 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 4.60 4.7 4.5 4.6 4.4 4.2 percent [+]
Inflation Rate Mom 0.30 0.7 0.73 0.74 0.74 0.74 percent [+]
Consumer Price Index Cpi 243.40 242 242 242 242 244 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 3.50 3.5 3.5 3.5 3.5 3.75 percent [+]
Deposit Interest Rate 4.51 4.85 5.01 5.17 5.32 7.41 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -856100.00 -858734 -861660 -862906 -863795 -867255 USD Thousand [+]
Exports 305400.00 351149 361726 370558 378119 408195 USD Thousand [+]
Imports 1161500.00 1241647 1253550 1261920 1267900 1282171 USD Thousand [+]
Current Account -81.00 -71.05 -70.09 -69.52 -69.18 -68.63 USD Million [+]
Current Account to GDP -0.70 -5.2 -4 -4 -6.45 -6 percent [+]
Remittances 2291.50 2318 2317 2317 2316 2275 USD Million [+]
Terrorism Index 0.12 0.03 0.02 0.02 0.01 0.01 [+]
Tourist Arrivals 304572.00 260100 248300 240100 234800 225100 people [+]
Capital Flows -68.80 67.32 78.18 66.81 61.12 60.25 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 128.40 130 127 127 126 138 percent [+]
Government Budget -0.20 -2.8 -3.2 -3.6 -4 -3.89 percent of GDP [+]
Military Expenditure 118.80 114 113 112 110 104 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Ease of Doing Business 67.00 67 71 74 78 91 [+]
Competitiveness Index 4.25 4.17 4.17 4.17 4.17 4.47 Points [+]
Competitiveness Rank 70.00 73 73 73 73 67 [+]
Corruption Index 39.00 38 37 37 37 36 Points [+]
Corruption Rank 83.00 82 81 79 78 75 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Gasoline Prices 0.91 0.89 0.89 0.88 0.88 0.84 USD/Liter [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 25.00 27.45 27.95 28.44 28.94 32.36 percent [+]
Personal Income Tax Rate 25.00 26.4 26.35 26.3 26.25 25.88 percent [+]
Sales Tax Rate 16.50 16.9 16.95 16.99 17.04 16.72 percent [+]
Social Security Rate 18.75 18.36 18.31 18.25 18.2 18 percent [+]
Social Security Rate For Companies 12.00 11.74 11.7 11.67 11.63 11.5 percent [+]
Social Security Rate For Employees 6.75 6.62 6.6 6.58 6.56 6.5 percent [+]