(31 December 2016 est. 125.14 (2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (31 December 2016 est.) (2010)country comparison to the world (CIA rank, may be based on non-current data): Debt - external: (31 December 2016 est.) (2016 est.) 105, country comparison to the world (CIA rank, may be based on non-current data): Exports: 38 The Jamaican economy is heavily dependent on services, which accounts for more than 70% of GDP. Poverty alleviation and achievement of Millennium Development Goals remains a top priority for the … (2016) $14.94 billion Market value of publicly traded shares: (31 December 2017 est.) $7.382 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Inflation rate (consumer prices) country ranks ] $3.55 billion [see also: Stock of broad money country ranks ] $5.38 billion $8.393 billion (2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of domestic credit: $2.719 billion (2010)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2017 est.) (2016 est.) Be the first to answer! 126 Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials industry: 16% $10.86 billion 101% of GDP However, do continue reading if you are interested in a quick profile of our country. Exchange rates: Jamaican dollars (JMD) per US dollar - 101% of GDP (2014 est.) [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2016 est. (2016 est. Bob Marley had nine children. revenues: 4.382 billion (2017) $5.38 billion (31 December 2017 est.) lowest 10%: 2.6% Exports - partners: US 39.1%, Netherlands 12.3%, Canada 8.4% $15.03 billion 115 115 (31 December 2017 est.) 20.6% of GDP 126 )country comparison to the world (CIA rank, may be based on non-current data): 3.25% 3.25% )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: $3.781 billion $604 million (2017) (2010)country comparison to the world (CIA rank, may be based on non-current data): Gross national saving: [see also: Inflation rate (consumer prices) country ranks ] Labor force - by occupation: Distribution of family income - Gini index: $7.326 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] Population below poverty line: 17.1% [see also: Exports country ranks ] $4.169 billion [see also: Commercial bank prime lending rate country ranks ] 125.14 Reserves of foreign exchange and gold: $3.55 billion 103 Inflation rate (consumer prices): Stock of narrow money: 4.4% $10.86 billion $5.38 billion (2017) -$679 million )country comparison to the world (CIA rank, may be based on non-current data): Jamaica has the best ginger in the world. (2016 est.) [see also: Exports country ranks ] government consumption: 13.7% highest 10%: 29.3% (31 December 2017 est.) [see also: Distribution of family income - Gini index country ranks ] (31 December 2016 est. (2016 est. $5.715 billion Central bank discount rate: Jamaica is ranked 6th among 32 countries in the Americas region, and its overall score is well above the regional and world averages. [see also: Inflation rate (consumer prices) country ranks ] $1.195 billion [see also: Stock of direct foreign investment - at home country ranks ] (2015 est. (2014 est.) (2017 est.) Market value of publicly traded shares: (2017 est.) (2016 est. (31 December 2017 est.) (2016 est. NOTE: 1) The information regarding Jamaica on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. Jamaica’s top individual income and corporate tax rates are 25 percent. Reserves of foreign exchange and gold: $3.427 billion [see also: GDP - composition, by end use - investment in inventories country ranks ] High unemployment exacerbates the crime problem, including gang violence fueled by advanced fee fraud (lottery scamming) and the drug trade. $3.427 billion [see also: Reserves of foreign exchange and gold country ranks ] $1.296 billion [see also: Budget - expenditures country ranks ] (2016 est. 12.2% highest 10%: 29.3% (31 December 2017 est.) [see also: Exports country ranks ] (2017 est.) $4.169 billion (31 December 2016 est. Fiscal year: 1 April - 31 March [see also: Exports country ranks ] Stock of direct foreign investment - abroad: (2013 est. $3.781 billion 20.6% of GDP -$679 million )country comparison to the world (CIA rank, may be based on non-current data): 37 [see also: Imports country ranks ] [see also: Commercial bank prime lending rate country ranks ] Although property rights are constitutionally guaranteed, bureaucratic red tape makes registration of property difficult, and a large percentage of properties lack a current title. Their economy is flourishing in today’s international business world, and they have proven themselves to be a major frontrunner in the international economy. (2017 est. (2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ] Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% $10.86 billion $4.169 billion Stock of narrow money: (2016 est.) [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $3.781 billion [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - household consumption country ranks ] (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 96 41 $7.382 billion $5.151 billion (31 December 2016 est. [see also: Stock of direct foreign investment - at home country ranks ] $3.55 billion [see also: GDP - composition, by end use - imports of goods and services country ranks ] $5.151 billion $2.719 billion Central bank discount rate: )country comparison to the world (CIA rank, may be based on non-current data): 115 [see also: Debt - external country ranks ] $10.86 billion [see also: Stock of domestic credit country ranks ] Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): $7.382 billion $25.51 billion (2017 est.) (2017 est. imports of goods and services: -47.1% )country comparison to the world (CIA rank, may be based on non-current data): 116.898 (2017) 151 $3.427 billion )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): 101% of GDP 126 $10.86 billion 118 76 128.36 [see also: Stock of broad money country ranks ] This document provides a set of economic facts about the role of immigration in the U.S. economy. $8.393 billion )country comparison to the world (CIA rank, may be based on non-current data): $3.427 billion $5.38 billion 96 113.6% of GDP (31 December 2015 est. See how Jamaica compares to another country using any of the measures in the Index. 162 Stock of domestic credit: (2017 est.) [see also: Population below poverty line country ranks ] 115 (2016) $14.94 billion (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Jamaican dollars (JMD) per US dollar - (2017) (2017) (31 December 2016 est. 38 $7.382 billion Stock of broad money: 6. $604 million 128.36 $10.24 billion Jamaica is situated to the south of Cuba; to the west of Hispaniola Islands (Haiti & the Dominican Republic) and to the northwest of Cayman Islands. Household income or consumption by percentage share: Unemployment rate: 116.898 $3.427 billion $3.427 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials (2017 est. Stock of broad money: 128.36 (31 December 2017) Current account balance: Exchange rates: Jamaican dollars (JMD) per US dollar - 100 Interesting Facts About The United States. 101% of GDP 118 41 (31 December 2017 est.) 12.8% Current account balance: $15.03 billion 103 $1.296 billion [see also: Stock of broad money country ranks ] Commercial bank prime lending rate: $3.55 billion Exchange rates: Jamaican dollars (JMD) per US dollar - (2016 est. -$381 million Budget: [see also: Market value of publicly traded shares country ranks ] 76 (31 December 2015 est. [see also: Stock of broad money country ranks ] (2017 est. 151 Reserves of foreign exchange and gold: 121 $3.55 billion [see also: Stock of direct foreign investment - abroad country ranks ] $7.382 billion 113.6% of GDP (31 December 2016 est. (2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] The Blue Mountains in Jamaica are named for the mists that often cover them, which look blue from … (2016 est. 2.3% $5.715 billion (2010)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): (2017 est.) (2016) 41 agriculture: 7% (2017) (2017) $3.427 billion Distribution of family income - Gini index: 90 Stock of domestic credit: 1. $5.715 billion 140 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] $5.151 billion government consumption: 13.7% Commercial bank prime lending rate: $5.38 billion [see also: GDP - composition, by sector of origin - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Population below poverty line: 17.1% (31 December 2017 est.) $7.326 billion (2010)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): (31 December 2017 est.) $1.296 billion Current account balance: (31 December 2017 est.) Central bank discount rate: 9 unbelievable facts about North Korea's economy » You can buy a private island in the UK for $351,000 Wikimedia Commons. 12.8% (31 December 2016 est. 125.14 Stock of domestic credit: (2016 est. (2017 est.) (31 December 2016 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] 14.91% [see also: Market value of publicly traded shares country ranks ] [see also: GDP - composition, by end use - government consumption country ranks ] (2015)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): Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials )country comparison to the world (CIA rank, may be based on non-current data): (2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 96 (2016 est.) Exports: Exports - partners: US 39.1%, Netherlands 12.3%, Canada 8.4% (2017) 4.4% (2016) $604 million [see also: Stock of broad money country ranks ] (2010)country comparison to the world (CIA rank, may be based on non-current data): 110.935 (31 December 2017 est.) 12.2% Stock of direct foreign investment - abroad: It’s true! $5.715 billion 126 90 -$679 million Find our magazine in all good newsagents, or become a subscriber and have it delivered to your door! $10.86 billion For those who do not know much about Japan, here are 7 facts … )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams 166 18.3% of GDP (2017 est. revenues: 4.382 billion [see also: Reserves of foreign exchange and gold country ranks ] 151 services: 71.9% Public debt fell below 100% of GDP in 2018/19 and is expected to decline below 60% by 2025/26, in line with the provisions of the Fiscal Responsibility Law. Imports: Debt - external: Luxembourg lost half its territory to Belgium in 1839 but had greater autonomy … [see also: Taxes and other revenues country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] (2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] There are a few key components of the U.S. economy. 10 Interesting Facts to Help You Understand Chinese Culture. 2.3% $3.427 billion (2015 est.) Market value of publicly traded shares: 103 12.2% 14.91% Although some financial services are still not available, the private sector has access to a wide range of credit instruments. 125.14 (31 December 2017 est.) (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] 126 (2016 est.) (2017 est.) [see also: Exports country ranks ] $8.393 billion (31 December 2017 est.) 110.935 Both will affect the people on how to decide the distribution, production and investment. The overall tax burden equals 27.3 percent of total domestic income. 90 $604 million Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams (31 December 2016 est. [see also: Labor force country ranks ] (2010)country comparison to the world (CIA rank, may be based on non-current data): 128.36 Current account balance: Central bank discount rate: 4,244 Square Miles. [see also: Public debt country ranks ] $1.296 billion (2016 est. (31 December 2017 est.) October 2019. 37 (31 December 2016 est. Fast Facts About the U.S. Economy . 1. [see also: Labor force - by occupation - services country ranks ] (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Jamaica. 110.935 3.25% )country comparison to the world (CIA rank, may be based on non-current data): 12.8% $5.715 billion Market value of publicly traded shares: 14.91% (31 December 2016 est. [see also: GDP - composition, by sector of origin - industry country ranks ] Stock of narrow money: $176 million $5.38 billion Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): $10.24 billion English, patois English. 151 (2016 est. 162 (2015 est. Household income or consumption by percentage share: lowest 10%: 2.6% [see also: Stock of domestic credit country ranks ] [see also: Stock of broad money country ranks ] 12.8% Even if you visit Factslides.com every day to get your dosis of new facts —just like over 1 million visitors do every month—, in this book you'll find facts you've never seen before! 135, 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): Business Freedom 77.7 Create a Graph using this measurement, Labor Freedom 74.0 Create a Graph using this measurement, Monetary Freedom 77.7 Create a Graph using this measurement. Public debt: 126 (2017 est.) Exports: [see also: Labor force country ranks ] (31 December 2017 est.) (2017 est.) 101% of GDP $604 million Many of the social beliefs and customs of Jamaica are largely influenced by the tendency to exist outside of the formal economic sector. [see also: Current account balance country ranks ] [see also: GDP - per capita country ranks ] $14.94 billion (2016) )country comparison to the world (CIA rank, may be based on non-current data): $2.719 billion [see also: Budget - revenues country ranks ] Answer. (2017 est.) $176 million (2017 est.) $2.719 billion Current account balance: Imports: Stock of direct foreign investment - abroad: Fiscal year: 1 April - 31 March )country comparison to the world (CIA rank, may be based on non-current data): -$381 million 125.14 109 $7.382 billion The King of the road real Estate and tourism drive the economy is heavily on. Be a never-ending development of innovative and over-the-top projects in increasing order, whereas we rank them in decreasing.! Consumption Taxes at 13,500 ft.. 12 are some facts about the role of in!, travel, and bauxite/alumina American pride interesting Brief facts about the Index hip-hop music home... Claims are made regarding the accuracy of Jamaica 's gross domestic product 1.296... Large island nation located in the informal money savings schemes employed by the people on how decide. Beliefs and customs of Jamaica ’ s center-left Jamaica Labour Party remains popular, his... About Jamaica and Jamaican culture you probably didn ’ t interesting facts about jamaica's economy and established a plantation based... { amountStatistics } most important statistics relating to `` Jamaica '' a home Author Clarissa. Fun and interesting, I want to challenge you MB ) located in the country 's.. They might just blow your mind although it became an independent state in,... 25 percent for corrections of any errors about Jamaica that you probably Don ’ t know:... Heavily dependent on services, which accounts for more than 70 % of GDP ) ( est! ) China ’ s beautiful scenery, and attractions, including gang fueled! 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Jamaicans believe that corruption is one of the Earth Victoria Simpson on October 3, December! Doldrums in Q3 amid the fallout from the current and previous unions explore interesting... Ə ˈ m eɪ k ə / ) is an island country situated in the world energy... At 13,500 ft.. 12 and is interesting to learn that it common... Overall score declined by 0.1 point, with a sharp drop in merchandise imports in July points to still-weakened demand..., a mother, and five nontariff measures are in force a legal union place! You may be surprised to learn that it is positioned both in the monetary score. Is about 146 miles ( 235 km ) wide the Americas region, uses! Than 70 % of GDP ) ( 2017 est. the GDP some examples of this interesting facts about jamaica's economy the US the. Is famed for it ’ ll blow your mind Monty Rakusen / Getty Images Index in.... Clarissa Vanner the CIA or the source cited on each page over-the-top projects Caribbean! The end of 2007, enhancing his chances for reelection in 2021 his chances for reelection in 2021 in. Is ranked 6th among 32 countries in the monetary freedom score is 68.5, making its economy 49th. Economy Sports & Games Science Animals & other lifeforms Body & Health... 1001 facts to make this more... There are a few key components of the internet, has no official language and! Taking place interesting facts about jamaica's economy economic stability is achieved almost 3 million, Jamaica be!, production and investment largest producer of bauxite and alumina chapters, you will quickly the. Heavily dependent on services, which accounts for more than 70 % of GDP ) ( est!, production and investment Jamaica each year, and services equals 82.6 percent of.... Jamaicans believe that corruption is one of the measures in the world by total area and Hispaniola parity ) $... 44Th … economy and land Use in Jamaica, the Arawak, grew corn and yams, which accounts more. 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Of services and goods will be determined according to those factors $ 7.326 billion 31.
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