BY THE NUMBERS
Choose Jamaica, the numbers don’t lie!
Jamaica in Numbers
Jamaica is the leading business destination in the Caribbean. Global investors’ interest is high arising from the improved economic landscape of the island. The government and the people of Jamaica continue to exert great effort to positing the country as the premier business destination.
The Economy
US$134.22
Average Exchange Rate
(Annual Average 2019)
(JMD to $1 USD)
(Annual Average 2019)
(JMD to $1 USD)
1.50%
Central Bank Policy Interest Rates
2.4%
Inflation
(2018)
(2018)
US$10.7B
Stock Market Capitalisation
(2018)
(2018)
US$14.2B
GDP
(2018)
(2018)
US$4841.7
GDP per capita
(2018)
(2018)
25.6%
Goods production as a % of GDP
(2018)
(2018)
78.4%
Services as a % of GDP
(2018)
(2018)
Trade & Investment
US$16.5B
Foreign Direct Investment (FDI) stock
(2018)
(2018)
US$775M
FDI inflows
(2018)
(2018)
US$1.8B
Export of Goods
(2018)
(2018)
11.9%
Exports % of GDP
(2018)
(2018)
4.3M
Visitor Arrivals
(2018)
(2018)
US$3.2B
Visitor Expenditure
(2018)
(2018)
Population, Workforce and Education
2.7M
Population
(2018)
(2018)
1.3M
Labour force
(2018)
(2018)
$7000
Minimum wage
(JMD) (Per week)
(JMD) (Per week)
78k
Enrolment in tertiary institutions
(2018)
(2018)
17.4k
Output of professionals, officials and technicians
(2017)
(2017)
81k
Output of skilled workers
(2018)
(2018)
International Benchmarking
71/190
World Bank Ease of Doing Business
(2020)
(2020)
79/140
Global Competitiveness Index
(2018)
(2018)
113/160
Logistics Performance Index
(2018)
(2018)
81/126
Global Innovation Index
(2017)
(2017)
98/176
Global ICT Development Index
(2017)
(2017)
45/55
A.T. Kearney Global Services Location Index
(2017)
(2017)
We Among the Region’s Giants
Jamaica outperforms the Caribbean and Latin America region in the following Doing Business Index indicators:
Starting a Business
6
Jamaica Rank
115
Latin America and the Caribbean Rank
(Regional Average)
(Regional Average)
Getting Credit
12
Jamaica Rank
94
Latin America and the Caribbean Rank
(Regional Average)
(Regional Average)
Resolving Insolvency
33
Jamaica Rank
109
Latin America and the Caribbean Rank
(Regional Average)
(Regional Average)
Protecting Investors
63
Jamaica Rank
116
Latin America and the Caribbean Rank
(Regional Average)
(Regional Average)
Dealing with Construction Permits
76
Jamaica Rank
115
Latin America and the Caribbean Rank
(Regional Average)
(Regional Average)
(Sources: Statistical Institute of Jamaica (STATIN), Economic and Social Survey of Jamaica 2017, Bank of Jamaica)
