Jamaica By The Numbers

Jamaica By The Numbers

The Economy

• GDP - US$14 billion (2016)
• GDP per capita - US$4,868 (2016)
• Goods production as a % of GDP – 24.7% (2016)
• Services as a % of GDP – 79.3% (2016)
• Average Exchange Rate - JMD$128.44 to US$1 (2017)

• Commercial Lending Rate- 12% (2017)
• Inflation 1.7% (2016)
• Unemployment Rate- 11.2% (2017)

Performance

• Foreign Direct Investment (FDI) stock - US$ 15 billion (2016)
• FDI received in 2015 - US$923 million (2016)
• Export of Goods - US$ 1.2 billion (2016)
• Imports – US$4.751 billion (2016)
• Visitor Arrivals – 4.4 million (2017)
• Visitor Expenditure – US$3 billion (2017)

Population, Workforce and Education 

•         Population - 2.8 million (2017)
•          Labour force - 1.3 million (2017)
•       Enrolment in tertiary institutions -  268,694 (2016)
•          Output of professionals, officials and technicians in 2016 – 15,268
•          Output of skilled workers in 2016 – 60,720

International Benchmarking 

•        World Bank Ease of  Doing Business (2017): 70 of 190
•          Global Competitiveness Index (2017): 70 of 137
•          A.T. Kearney Global Services Location Index (2017) : 43 of 55 

Jamaica outperforms the Caribbean and Latin America region in the following Doing Business indicators:

Indicator	Jamaica Rank	Latin America and the Caribbean Rank (Regional Average)
Starting a business	20	86
Dealing with construction permits	26	74
Protecting Investors	71	105
Resolving Insolvency	59	113

(Sources: Statistical Institute of Jamaica (STATIN), Economic and Social Survey of Jamaica 2014, Bank of Jamaica and the World Bank Group's Doing Business Report 2015)

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