Jamaica : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$6.292 billion (2011 est.)
$4.629 billion (2010 est.)


$1.613 billion (2011 est.)
$1.37 billion (2010 est.)

Inflation rate (consumer prices)

7.5% (2011 est.)
12.6% (2010 est.)

Unemployment rate

12.7% (2011 est.)
12.4% (2010 est.)

GDP - per capita (PPP)

$9,100 (2011 est.)
$9,000 (2010 est.)
$9,200 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

-0.8% (2010 est.)
-2.8% (2009 est.)
-0.9% (2008 est.)

Internet users

1.581 million (2009)

Telephones - mobile cellular

3.103 million (2009)

Population growth rate

0.714% (2012 est.)


2,889,187 (July 2012 est.)

Historical background

The island - discovered by Christopher COLUMBUS in 1494 - was settled by the Spanish early in the 16th century.

The native Taino Indians, who had inhabited Jamaica for centuries, were gradually exterminated and replaced by African slaves.

England seized the island in 1655 and established a plantation economy based on sugar, cocoa, and coffee.

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Economic overview

The Jamaican economy is heavily dependent on services, which now account for more than 60% of GDP.

The country continues to derive most of its foreign exchange from tourism, remittances, and bauxite/alumina.

Remittances account for nearly 15% of GDP and exports of bauxite and alumina make up about 10%.

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The Economist Intelligence Unit

Country Risk Service Jamaica February 2015

Country Risk Service Jamaica February 2015

  • $ 520
  • Country report
  • February 2015
  • by The Economist Intelligence Unit


  • Countries : Jamaica

PRS Group

Country Forecasts (Subscription, two issues per year, April & October)

Country Forecasts (Subscription, two issues per year, April & October)

  • $ 899
  • Country report
  • October 2014
  • by PRS Group

Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...

  • Countries : World, South America, Asia, Europe, North America, Africa, Dominican Republic, Czech Republic, South Korea, Philippines, Guinea, Congo, Democratic Republic Of, Papua New Guinea, New Zealand, Australia, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, United Kingdom, Switzerland, Netherlands, United Arab Emirates, Sri Lanka, Singapore, Saudi Arabia, Kazakhstan, Indonesia, Bangladesh, Azerbaijan, South Africa, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Ukraine, Sweden, Spain, Slovakia (slovak Republic), Russian Federation, Romania, Portugal, Poland, Norway, Italy, Ireland, Hungary, Greece, France, Germany, Finland, Denmark, Bulgaria, Belgium, Austria, Vietnam, Thailand, Taiwan, Syrian Arab Republic, Pakistan, Myanmar, Malaysia, Kuwait, Japan, Israel, India, China, Zimbabwe, Zambia, Tunisia, Sudan, Nigeria, Morocco, Libyan Arab Jamahiriya, Kenya, Ivory Coast (cote D'ivoire), Gabon, Ghana, Egypt, Cameroon, Botswana, Angola, Algeria, Oceania, Peru, Cuba, Oman, Iraq, Iran

Dun and Bradstreet (Altares)

D&B Country Insight Report: Jamaica

D&B Country Insight Report: Jamaica

  • $ 650
  • Country report
  • January 2015
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country's overall political, economic ...

  • Countries : Jamaica

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