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

• Average Exchange Rate yesno
JMD$144.41

JMD$ 144.41 to US$1
(Dec. 2020)
Central Bank yesno
0.5%

Bank of Jamaica Policy Interest Rates (2019)
Inflation
6%

Inflation
(2020)
• Stock Market Capitalisation
US$15.5B

Stock Market Capitalisation
(2019)
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US$14.3B

GDP
(2019)
GDP per capita
US$4867

GDP per capita
(2019)
• Goods production
25.3%

Goods production as a % of GDP
(2019)
Services as
78.8%

Services as a % of GDP
(2019)

Trade & Investment

at_kearney copy
US$17.2B

Foreign Direct Investment (FDI) stock
(2019)
FDI inflows
US$665M

FDI inflows
(2019)
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US$1.5B

Export of Goods
(2019)
Exports as a %
11%

Exports as a % of GDP
(2019)
Visitor Arrivals
4.2M

Visitor Arrivals
(2019)
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US$3.6B

Visitor Expenditure
(2019)

Population, Workforce and Education

Population
2.7M

Population
(2019)
Labour force
1.3M

Labour force
(2019)
Minimum wage 
JMD$7000

Weekly Minimum wage
(2019)
Enrolment in tertiary institutions
52.2K

Enrolment in tertiary institutions
(2019)
Output of skilled workers in
39.9K

Output of skilled workers
(2019)

International Benchmarking

World Bank Ease of Doing Business
64/189

World Bank Ease of Doing Business
(2020)
Global Competitiveness Index (
80/141

Global Competitiveness Index
(2019)
Logistics Performance Index
113/160

Logistics Performance Index
(2018)
tips
72/131

Global Innovation Index
(2020)
global itc
98/176

Global ICT Development Index
(2017)
Services as
45/55

A.T. Kearney Global Services Location Index
(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

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6

Jamaica Rank
00-02-54 copy
115

Latin America and the Caribbean Rank
(Regional Average)

Getting Credit

00-02-30_jamaica
12

Jamaica Rank
00-02-54 copy
94

Latin America and the Caribbean Rank
(Regional Average)

Resolving Insolvency

00-02-30_jamaica
33

Jamaica Rank
00-02-54 copy
109

Latin America and the Caribbean Rank
(Regional Average)

Protecting Investors

00-02-30_jamaica
63

Jamaica Rank
00-02-54 copy
116

Latin America and the Caribbean Rank
(Regional Average)

Dealing with Construction Permits

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76

Jamaica Rank
00-02-54 copy
115

Latin America and the Caribbean Rank
(Regional Average)