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Economy of Jamaica

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)
Unemployment of Jamaica
GDP - Official Exchange Rate14.4 Billion $ (2013)14.6 Billion $ (2012)14.4 Billion $ (2011)
GDP - Official Exchange Rate of Jamaica
GDP growth rate0.40 % (2013)-0.50 % (2012)1.30 % (2011)
GDP growth rate of Jamaica
GDP per Capita (PPP)9,000 $ (2013)8,900 $ (2012)9,100 $ (2011)
GDP per Capita (PPP) of Jamaica
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)
GDP PPP per land area of Jamaica
ElectricityBanking
Central bank discount rate2.00 % (2010)0.00 % (2009)0.00 % (2008)
Central bank discount rate of Jamaica
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)
International tourism, number of arrivals of Jamaica
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
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 (Total) of Jamaica
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)
External Debt per Capita of Jamaica