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
US$129.22

Average Exchange Rate
(Annual Average 2018)
(JMD to $1 USD)
Central Bank yesno
1.50%

Central Bank Policy Interest Rates
Inflation
2.4%

Inflation
(2018)
• Stock Market Capitalisation
US$10.7B

Stock Market Capitalisation
(2018)
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US$14.2B

GDP
(2018)
GDP per capita
US$4841.7

GDP per capita
(2018)
• Goods production
25.6%

Goods production as a % of GDP
(2018)
Services as
78.4%

Services as a % of GDP
(2018)

Trade & Investment

at_kearney copy
US$16.5B

Foreign Direct Investment (FDI) stock
(2018)
FDI inflows
US$775M

FDI inflows
(2018)
00-02-42
US$1.8B

Export of Goods
(2018)
Exports as a %
11.9%

Exports % of GDP
(2018)
Visitor Arrivals
4.3M

Visitor Arrivals
(2018)
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US$3.2B

Visitor Expenditure
(2018)

Population, Workforce and Education

Population
2.7M

Population
(2018)
Labour force
1.3M

Labour force
(2018)
Minimum wage 
$7000

Minimum wage
(JMD) (Per week)
Enrolment in tertiary institutions
78k

Enrolment in tertiary institutions
(2018)
Output of professionals, officials and technicians
17.4k

Output of professionals, officials and technicians
(2017)
Output of skilled workers in
81k

Output of skilled workers
(2018)

International Benchmarking

World Bank Ease of Doing Business
75/190

World Bank Ease of Doing Business
(2019)
Global Competitiveness Index (
79/140

Global Competitiveness Index
(2018)
Logistics Performance Index
113/160

Logistics Performance Index
(2018)
tips
81/126

Global Innovation Index
(2017)
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

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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)

SUCCESS STORIES

November 22, 2019

FINPYME ExportPlus

FINPYME ExportPlus

The FINPYME ExportPlus programme is an initiative of the Inter-American Investment Corporation. The programme provides technical assistance, training and financial support to SMEs in developing countries.
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November 22, 2019

Salada Foods

Salada Foods

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November 22, 2019

ExportMax Success Story: Heather Laine

ExportMax Success Story: Heather Laine

Heather Laine has been designing and creating beautiful clothes for the past 22 years. Its CEO, Zoe Heather Summers, says that Heather Laine’s designs are inspired […]
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