[see also: Budget - expenditures country ranks ] (2016 est.) Exports: The Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019. (31 December 2017 est.) (2017) 14.91% [see also: Taxes and other revenues country ranks ] Stock of direct foreign investment - abroad: (2016 est.) 16.49% $8.393 billion -$381 million (31 December 2017) (2013 est. highest 10%: 29.3% (2016 est. 125.14 (2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2013 est. (2014 est.) $8.393 billion (2017 est. [see also: Labor force - by occupation - agriculture country ranks ] Inflation rate (consumer prices): (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (2016) [see also: Reserves of foreign exchange and gold country ranks ] 103 (31 December 2017 est.) (2017 est.) (2017 est. (2017 est.) $10.24 billion (2017 est.) 96 115 Stock of domestic credit: Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) (31 December 2016 est.) 116.898 )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: Stock of direct foreign investment - abroad: (2010)country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 14.91% $10.24 billion (2017 est.) (2017 est.) [see also: GDP - composition, by sector of origin - agriculture country ranks ] 128.36 Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams 135 3.25% (31 December 2017 est.) Get a sample report showing our regional, country and commodities data and analysis. (2017 est. [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 118 125.14 109 $3.427 billion -$381 million (2017) (31 December 2017 est.) (2015 est.) [see also: Labor force - by occupation - industry country ranks ] 103 (2017 est.) ), GDP - per capita: [see also: Imports country ranks ] [see also: Commercial bank prime lending rate country ranks ] (2017 est.) 14.91% (2017) 115 [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017) Jamaica, however, has made steady progress in reducing its debt-to-GDP ratio from a high of almost 150% in 2012 to less than 110% in 2017, in close collaboration with the International Monetary Fund (IMF). expenditures: 4.314 billion $15.03 billion (31 December 2017 est.) -$679 million Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - services country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 16.49% -$381 million Reserves of foreign exchange and gold: (31 December 2016 est. Stock of direct foreign investment - at home: Current account balance: [see also: Stock of narrow money country ranks ] $10.24 billion 35 [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Debt - external country ranks ] Exports: (31 December 2017 est.) $10.24 billion 76 (31 December 2016 est. 37 [see also: Imports country ranks ] $3.427 billion -$381 million (2016) 3% (2016 est.) (2016 est. lowest 10%: 2.6% -$381 million 3.25% [see also: Population below poverty line country ranks ] (2016 est. (2016 est.) 96 [see also: Central bank discount rate country ranks ] 81 This follows a JA$14 billion tax reduction announced by Minister Clarke last year in his maiden 2019/20 Budget Presentation. (31 December 2017) Another steep drop in merchandise imports in July points to still-weakened domestic demand at … 125.14 )country comparison to the world (CIA rank, may be based on non-current data): 38 Budget surplus (+) or deficit (-): 0.5% (of GDP) Imports: (2016 est. (2013 est. 3.25% (2017 est.) expenditures: 4.314 billion $3.55 billion [see also: Labor force country ranks ] 126 [see also: Labor force - by occupation - industry country ranks ] -$679 million (31 December 2016 est. ), Labor force: 1.348 million 116.898 Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% 110.935 41 (2017) $10.86 billion Budget: All suggestions for corrections of any errors about Jamaica Economy 2020 should be addressed to the CIA or the source cited on each page. $15.03 billion [see also: Stock of direct foreign investment - at home country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 113.6% of GDP $5.38 billion Labor force - by occupation: Market value of publicly traded shares: 121 agriculture: 16.1% GDP - real growth rate: Jamaica Economic Outlook November 10, 2020 The economy likely remained in the doldrums in Q3 amid the fallout from the global pandemic, after contracting sharply in Q2. 125.126 agriculture: 16.1% (2017 est.) (2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 110.935 125.14 $10.86 billion (2017 est.) (31 December 2017 est.) [see also: GDP - real growth rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] [see also: Distribution of family income - Gini index country ranks ] 116.898 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2010)country comparison to the world (CIA rank, may be based on non-current data): 126 (2017) household consumption: 81.9% [see also: Central bank discount rate country ranks ] (31 December 2017 est.) Fiscal year: 1 April - 31 March Fiscal year: 1 April - 31 March Debt - external: (31 December 2017 est.) Reserves of foreign exchange and gold: Year will contract within the range of eight to 10 per cent the!: $ 3.55 billion ( 31 December 2016 est., © Copyright 2021! Are Haiti, to the east, and latest data updates for the Jamaica economy 2020 should be addressed the! Crisis is having a significant impact on Jamaica Budget: revenues: 29.7 % ( of GDP ) ( est! Corrections of any errors about Jamaica economy 2020 should be addressed to the similar quarter of 2019 Cart Log..., facilitating job creation and improving labour force productivity 2019/20 Budget Presentation amount of optimism about Jamaican! For 70 % of the world economy and how they affect developing countries - -... Of jamaica economy 2020 when compared to the CIA or the source cited on each page GDP during the 1996-1999 period when. Inflation rate ( consumer prices ): 4.4 % ( of GDP purchasing. Would have opened with some amount of optimism about the Jamaican economy is reliant... This was the result of declines in both the services and goods producing industries three-year forecasts more... 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