Economy of Jamaica

Imports

Imports commoditiesfood and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials

Import partnersUS 36.1%, Venezuela 15.6%, Trinidad and Tobago 10.8%, China 4.8%, Mexico 4% (2012)

Exports

Exports commoditiesalumina, bauxite, sugar, rum, coffee, yams, beverages, chemicals, wearing apparel, mineral fuels

Export partnersUS 48%, Canada 7.2%, Slovenia 4.2%, Netherlands 4.1%, UAE 4.1% (2012)

Economy sectors

Agriculture productssugarcane, bananas, coffee, citrus, yams, ackees, vegetables; poultry, goats, milk; shellfish

Industrial productstourism, bauxite/alumina, agro-processing, light manufactures, rum, cement, metal, paper, chemical products, telecommunications

Economy

Unemployment16.3 % (2013)13.7 % (2012)14.1 % (2011)

GDP - Official Exchange Rate14.4 Billion $ (2013)14.6 Billion $ (2012)14.4 Billion $ (2011)

GDP growth rate0.40 % (2013)-0.50 % (2012)1.30 % (2011)

GDP per Capita (PPP)9,000 $ (2013)8,900 $ (2012)9,100 $ (2011)

GDP - Purchasing Power Parity25.1 Billion $ (2013)24.7 Billion $ (2012)25.0 Billion $ (2011)

GDP - Purchasing Power Parity of Jamaica

GDP PPP per land area2.29 Million $ per square kilometer (2013)2.25 Million $ per square kilometer (2012)2.27 Million $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity1.18 Million kW

Banking

Central bank discount rate2.00 % (2010)0.00 % (2009)0.00 % (2008)

Commercial bank prime lending rate17.0 % (2013)17.6 % (2012)19.5 % (2011)

Commercial bank prime lending rate of Jamaica

GDP decomposition by sector

Agriculture % of GDP6.50 % (2013)6.60 % (2012)

Industry % of GDP29.4 % (2013)29.0 % (2012)

Services % of GDP64.1 % (2013)64.4 % (2012)

Tourism

International tourism, number of arrivals1.99 Million (2012)1.95 Million (2011)1.92 Million (2010)

Yearly Tourist arrivals to residents ratio68.7 % (2012)68.1 % (2011)71.4 % (2010)

Yearly Tourist arrivals to residents ratio of Jamaica

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)124 % of GDP (2013)133 % of GDP (2012)128 % of GDP (2011)

Public debt (Percentage of GDP) of Jamaica

Budget surplus (+) or deficit (-)-4.20 % of GDP

Current Account Balance (Percentage of GDP)-12.87 % of GDP (2012)-14.29 % of GDP (2011)-7.06 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Jamaica

External Debt Stocks (Percentage of GNI)99.5 % of GNI (2012)103 % of GNI (2011)111 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Jamaica

Short-term debt (percentage of total external debt)12.7 % of total external debt (2012)6.93 % of total external debt (2011)7.62 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Jamaica

Current Account Balance (Total)-1.58 Billion $ (2013)-1.91 Billion $ (2012)-1.72 Billion $ (2011)

Current Account Balance (Total) of Jamaica

External Debt (Total)13.8 Billion $ (2013)14.1 Billion $ (2012)14.6 Billion $ (2011)

External Debt (Percentage of GDP)96.0 % of GDP (2013)96.2 % of GDP (2012)101 % of GDP (2011)

External Debt (Percentage of GDP) of Jamaica

External Debt per Capita4,750 $ (2013)4,877 $ (2012)5,097 $ (2011)