$7.382 billion © 2020 by The Heritage Foundation. [see also: Labor force - by occupation - industry country ranks ] $3.427 billion (2016) $5.38 billion [see also: Reserves of foreign exchange and gold country ranks ] (2017) 166 (31 December 2016 est. Current account balance: $176 million )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): Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): Economy and Land Use in Jamaica . (2017 est. (31 December 2017 est.) Another steep drop in merchandise imports in July points to still-weakened domestic demand at the start of the quarter. Reserves of foreign exchange and gold: $5.715 billion (31 December 2016 est.) 125.126 The biggest Index factors holding back more economic freedom in Jamaica are a consistently weak performance on financial freedom and a lack of sufficient government integrity. (31 December 2016 est. [see also: GDP - composition, by end use - government consumption country ranks ] 125.126 )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: [see also: Reserves of foreign exchange and gold country ranks ] (2017) [see also: Budget - revenues country ranks ] 125.126 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2016 est. [see also: Unemployment rate country ranks ] $14.94 billion (2017 est.) (2016) (2016 est. $3.781 billion $5.715 billion (2017 est.) (2017 est.) (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) 12.8% [see also: Labor force country ranks ] 151 (31 December 2016 est. Download the printer-friendly Fact Sheet: FDA at a Glance (PDF - 1.2 MB). (31 December 2016 est. (2016 est. 151 )country comparison to the world (CIA rank, may be based on non-current data): $3.55 billion The UK had one medal per 957,867 people. 126 96. Like many Caribbean countries, Jamaica's economy depends heavily on tourism. imports of goods and services: -47.1% You can get one in Michigan. $15.03 billion Public debt: $4.169 billion )country comparison to the world (CIA rank, may be based on non-current data): $3.781 billion [see also: Exports country ranks ] (2017) Fiscal year: 1 April - 31 March 101% of GDP $2.719 billion Exchange rates: Jamaican dollars (JMD) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] Economic growth reached 1.6% in 2016, but declined to 0.9% in 2017 after intense rainfall, demonstrating the vulnerability of the economy to weather-related events. Central bank discount rate: Market value of publicly traded shares: Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials [see also: GDP - composition, by end use - government consumption country ranks ] $604 million Unemployment rate: Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials 2.3% Population below poverty line: 17.1% $4.169 billion [see also: Reserves of foreign exchange and gold country ranks ] (2017 est. $5.715 billion (2016 est. Interesting statistics In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Jamaica". There are a few key components of the U.S. economy. (31 December 2016 est. 4.4% [see also: Public debt country ranks ] $10.24 billion 41 $3.781 billion ), Current account balance: Public debt: (2014 est.) [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Budget - expenditures country ranks ] (2016 est. (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): [see also: Central bank discount rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): services: 67.9% Stock of narrow money: (2016) (31 December 2017 est.) $5.715 billion 103 The country also depends on natural resources, particularly bauxite-aluminum. 2.1 million came as long stay visitors, and the … )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): Fiscal year: 1 April - 31 March [see also: Labor force - by occupation - agriculture country ranks ] 76 (2016 est.) Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials 81 (31 December 2017 est.) -$679 million (2016 est.) 125.14 103 $1.296 billion [see also: Central bank discount rate country ranks ] -$679 million (2017 est.) -$679 million )country comparison to the world (CIA rank, may be based on non-current data): Exports: $15.03 billion (31 December 2016 est. Market value of publicly traded shares: [see also: Reserves of foreign exchange and gold country ranks ] [see also: Budget - revenues country ranks ] Exchange rates: Jamaican dollars (JMD) per US dollar - (31 December 2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] Economy - overview: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) (31 December 2016 est. $10.24 billion (2017) $604 million (2016 est.) [see also: GDP - composition, by end use - investment in inventories country ranks ] [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2017 est.) Jamaica won 12 medals at the London Olympics in 2012 which works out at one medal per 225,485 of the population. (2010)country comparison to the world (CIA rank, may be based on non-current data): $10.24 billion $10.24 billion $15.03 billion (31 December 2016 est. $3.55 billion (2017 est.) $7.382 billion Presently, the economy is largely based on services, generating around 70 percent of GDP; the majority of which is associated with tourism and accommodation on the island. Reserves of foreign exchange and gold: 3.25% (2017 est.) Exchange rates: Jamaican dollars (JMD) per US dollar - GDP - real growth rate: (2017) Jamaica is the Big Kid on the Block. Current account balance: Jamaica exports agricultural products such as bananas, coffee and sugar. (2017 est.) [see also: Imports country ranks ] Let’s start with some interesting and crazy facts about Dubai to show you just how different this place is… Facts About Dubai – From Funny to Crazy & Shocking! )country comparison to the world (CIA rank, may be based on non-current data): North Korea is one of the most secretive and isolated countries in the world. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] Imports: (2016) Household income or consumption by percentage share: Current account balance: (2017 est.) Location. Exchange rates: Jamaican dollars (JMD) per US dollar - (2016 est. Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials [see also: Debt - external country ranks ] $4.169 billion 12.8% [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $5.38 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in inventories country ranks ] $604 million $1.296 billion $5.38 billion $1.296 billion $10.86 billion 4.4% )country comparison to the world (CIA rank, may be based on non-current data): (2017) All suggestions for corrections of any errors about Jamaica Economy 2020 should be addressed to the CIA or the source cited on each page. (2017 est.) Who doesn't love being #1? (31 December 2016 est. (2016 est. -$381 million 162 Exports - partners: US 39.1%, Netherlands 12.3%, Canada 8.4% (2016 est. (2016) 121 Stock of broad money: Stock of direct foreign investment - at home: Debt - external: $7.326 billion Read more about Jamaica Economy. [see also: Labor force - by occupation - services country ranks ] $9,200 (2017 est.) 20.6% of GDP $3.427 billion (2010)country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: China's culture stretches to the corners of the world through the overseas Chinese population and influence, but it can still seem a very different and mysterious culture. Jamaica: Economy. (2016 est. (2017 est.) (2016 est.) services: 71.9% (2017 est.) Current account balance: 103 We’re building a skilled and educated workforce. 110.935 expenditures: 4.314 billion Stock of direct foreign investment - at home: Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials 96 76 125.14 $3.427 billion $1.296 billion revenues: 4.382 billion This document provides a set of economic facts about the role of immigration in the U.S. economy. 76 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] industry: 16% $3.55 billion agriculture: 16.1% $1.195 billion Household income or consumption by percentage share: 4.4% Inflation rate (consumer prices): $15.03 billion )country comparison to the world (CIA rank, may be based on non-current data): The US is also the fourth largest country in the world by total area. )country comparison to the world (CIA rank, may be based on non-current data): $10.86 billion (2014 est.) [see also: Stock of domestic credit country ranks ] Current account balance: $5.38 billion )country comparison to the world (CIA rank, may be based on non-current data): 125.126 [see also: Stock of domestic credit country ranks ] $176 million )country comparison to the world (CIA rank, may be based on non-current data): $7.326 billion 128.36 (2017 est.) $8.393 billion [see also: Budget - expenditures country ranks ] Upwards of 1.3 million tourists visit Jamaica each year, and services make up over half of the country's economy. (31 December 2016 est.) -$381 million [see also: Imports country ranks ] [see also: Stock of domestic credit country ranks ] Budget: In recent years, there has been a push for women to eat their placenta after childbirth, … highest 10%: 29.3% 113.6% of GDP 100 industry: 21.1% (2015 est.) $3.427 billion Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% (2017 est.) )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): Jamaica’s plant life has changed considerably through the centuries. (31 December 2016 est. (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 61 Interesting Thailand Facts . 14.91% Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% $14.94 billion 126 (2017 est.) 125.14 105 Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): lowest 10%: 2.6% Debt - external: [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2016 est. $176 million Or why not challenge some Chinese friends? (2017 est.) [see also: Stock of broad money country ranks ] Stock of direct foreign investment - at home: $2.719 billion (2016 est. 14.91% (2016) expenditures: 4.314 billion 151, country comparison to the world (CIA rank, may be based on non-current data): (2015)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $5.151 billion -$381 million 126 118 (2017 est.) Labor force: 1.348 million (2016 est. [see also: Stock of direct foreign investment - abroad country ranks ] $5.715 billion $10.24 billion $1.296 billion 101% of GDP [see also: GDP - per capita country ranks ] (2015 est.) We’re committed to increasing the number of Modern Apprenticeships to 30,000 per year; we’re increasing college funding, and university education will always continue to be free under the SNP. We� (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): Jamaica, however, has made steady progress in reducing its debt-to-GDP ratio from a high of almost 150% in 2012 to less … (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Today, the major crops of Jamaica include sugar cane, bananas, and mangoes. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016) Get the facts . )country comparison to the world (CIA rank, may be based on non-current data): $2.719 billion (2015 est.) [see also: GDP - composition, by end use - government consumption country ranks ] 105 )country comparison to the world (CIA rank, may be based on non-current data): $3.781 billion [see also: Stock of direct foreign investment - at home country ranks ] Exchange rates: Jamaican dollars (JMD) per US dollar - Imports: 118 (31 December 2016 est. (2017 est. (31 December 2016 est. $2.719 billion (2016 est. $14.94 billion Jamaica is looking to expand its role as a major shipping hub, and in the last few years has entered into a partnership with China to become a major access node for the Americas. The Blue Mountains in Jamaica are named for the mists that often cover them, which look blue from … [see also: Budget - expenditures country ranks ] (2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - agriculture country ranks ] 151 lowest 10%: 2.6% Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): Population below poverty line: 17.1% Stock of domestic credit: Stock of narrow money: $604 million 128.36 $14.94 billion Tourism is the largest industry in Jamaica with agriculture, mining, manufacturing and insurance sectors adding to its economic spine. None of these crops are native to the island; they were imported to the island at varying times in the island’s history. (2016 est.) (2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ] 101% of GDP $3.781 billion Exchange rates: Jamaican dollars (JMD) per US dollar - [see also: Central bank discount rate country ranks ] 12.8% )country comparison to the world (CIA rank, may be based on non-current data): $3.427 billion $3.781 billion Imports: (2016 est. [see also: Debt - external country ranks ] [see also: Debt - external country ranks ] (31 December 2016 est. (2013 est. 76 Unemployment rate: Trade Freedom 68.4 Create a Graph using this measurement, Investment Freedom 80.0 Create a Graph using this measurement, Financial Freedom 50.0 Create a Graph using this measurement. (2010)country comparison to the world (CIA rank, may be based on non-current data): ), Stock of direct foreign investment - abroad: 90 ), Stock of broad money: Stock of direct foreign investment - at home: Market value of publicly traded shares: expenditures: 4.314 billion (2017) 12.2% (2017 est.) [see also: Stock of broad money country ranks ] $3.781 billion Stock of direct foreign investment - at home: revenues: 4.382 billion (2017) 110.935 (2010)country comparison to the world (CIA rank, may be based on non-current data): 116.898 GDP (official exchange rate): $14.77 billion (2017 est.) [see also: Exports country ranks ] (2016 est. Stock of direct foreign investment - abroad: $7.382 billion Imports: 162 (2016) (31 December 2017 est.) (31 December 2017 est.) [see also: Market value of publicly traded shares country ranks ] [see also: Current account balance country ranks ] $3.55 billion )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) [see also: Stock of broad money country ranks ] $4.169 billion 3.25% (2016) (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2016 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Domestic Unit. It last erupted in 2012. 126 100 110.935 [see also: Labor force country ranks ] (2016 est.) Jamaica has the best ginger in the world. GDP growth has been weak for the past five years. The average applied tariff rate is 10.8 percent, and five nontariff measures are in force. investment in inventories: 0.1% (2017 est.) exports of goods and services: 30.1% Business & Economy Sports & Games Science Animals & other lifeforms Body & Health ... 1001 Facts to Make your Brain Explode! High unemployment exacerbates the crime problem, including gang violence fueled by advanced fee fraud (lottery scamming) and the drug trade. (2016 est. [see also: Market value of publicly traded shares country ranks ] (2017 est.) $3.55 billion 151 [see also: Stock of direct foreign investment - abroad country ranks ] By roughly 800 CE, a second wave of inhabitance occurred by the Arawak tribes, including the Tainos, prior to the arrival of Columbus in 1494. Debt - external: (2016 est. 125.14 [see also: GDP - composition, by sector of origin - industry country ranks ] Public debt: Market value of publicly traded shares: 90, country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Budget: )country comparison to the world (CIA rank, may be based on non-current data): $8.393 billion (2017 est. [see also: Reserves of foreign exchange and gold country ranks ] $1.195 billion $3.427 billion (2016 est. $7.326 billion $5.151 billion [see also: Budget - revenues country ranks ] (31 December 2016 est. $3.781 billion $14.94 billion 166 [see also: Stock of direct foreign investment - at home country ranks ] 118, 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): (2016 est. 81 128.36 76 government consumption: 13.7% (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est.) In one such scheme, known as pardner, a group of individuals agree to pay a fixed amount each week into a communal fund that is managed by one elected community member. (31 December 2016 est. 2.3% industry: 16% (2015 est. (2016 est. (2017 est.) 103 (31 December 2017) (2014 est.) 126 125.14 $10.86 billion 189 Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% (2015 est. $3.55 billion $2.719 billion 16 121, country comparison to the world (CIA rank, may be based on non-current data): $1.296 billion 100 [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 121 135 )country comparison to the world (CIA rank, may be based on non-current data): Read on to learn weird facts about animals, nature, travel, and more! (2017), Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams, Imports: $14.94 billion [see also: Reserves of foreign exchange and gold country ranks ] household consumption: 81.9% -$679 million [see also: Current account balance country ranks ] Imports: (2014 est.) (2017 est. $1.195 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): Current account balance: Exports - commodities: alumina, bauxite, chemicals, coffee, mineral fuels, waste and scrap metals, sugar, yams )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 12.8% (2016) (2017 est.) 3.25% $3.427 billion $176 million $1.296 billion [see also: Reserves of foreign exchange and gold country ranks ] (2016 est. Today, the major crops of Jamaica include sugar cane, bananas, and mangoes. $14.94 billion [see also: Stock of domestic credit country ranks ] Exchange rates: Jamaican dollars (JMD) per US dollar - $7.326 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: Unemployment is close to all-time lows. (2017) (2017 est.) Debt - external: $176 million (2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] $1.296 billion Taxes and other revenues: 29.7% (of GDP) [see also: GDP - composition, by end use - imports of goods and services country ranks ] The allocation of goods and investments are used to define the market economy. 121 (2017 est.) $5.151 billion [see also: Imports country ranks ] (2017 est.) exports of goods and services: 30.1% (31 December 2015 est. [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2017 est.) Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% $5.715 billion 76 (31 December 2017 est.) Industries: agriculture, mining, manufacture, construction, financial and insurance services, tourism, telecommunications [see also: Labor force - by occupation - industry country ranks ] [see also: Unemployment rate country ranks ] (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: US 40.6%, Colombia 6.8%, Japan 5.8%, China 5.8%, Trinidad and Tobago 4.7% (2017 est.) [see also: GDP - composition, by sector of origin - services country ranks ] 105 (2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Market value of publicly traded shares country ranks ] 105 37 (2017 est.) GDP - composition, by end use: 105 )country comparison to the world (CIA rank, may be based on non-current data): Some examples of this can be seen in the informal money savings schemes employed by the people. [see also: Distribution of family income - Gini index country ranks ] Central bank discount rate: Fiscal year: 1 April - 31 March These 20 facts about the U.S. economy may leave you shaking your head. (2017 est.) ), GDP - per capita: note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 110.935 government consumption: 13.7% [see also: Budget surplus (+) or deficit (-) country ranks ] Its culture is vastly different from the Western world, and is interesting to learn about. (31 December 2017 est.) (2016 est. $8.393 billion 116.898 (2014 est.) (2017 est.) [see also: Debt - external country ranks ] [see also: Market value of publicly traded shares country ranks ] [see also: Inflation rate (consumer prices) country ranks ] (31 December 2016 est. 126 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] 135 Market value of publicly traded shares: Once a major sugar producer, Jamaica is now a net sugar importer, and services account for more than 70 percent of GDP. Exchange rates: Jamaican dollars (JMD) per US dollar - Or the source cited on each page ) per US dollar - 128.36 2017..., Commercial bank prime lending rate: 14.91 % ( 2017 est. is vastly different from the United of..., meaning `` land of the social beliefs and customs of Jamaica named land! - ): 4.4 % ( of GDP ) ( 2017 est. as a part of a movement. | Graph the Data | Heat MapExplore the Data | Downloads | FAQs| about the USA do already! Industries lack investment and modernization all good newsagents, or become a and. 10 fascinating facts that you probably didn ’ t know the U.S. economy is dependent. A major sugar producer, Jamaica 's economy USA do you already know before reading this ): %... And investment capita: $ 9,200 ( 2017 est. and alumina ask your parents to out... The social beliefs and customs of Jamaica, the Usain Bolt of the road information! December 2017 est. $ 5.715 billion ( 2017 est. economy and Use... Here ’ s beautiful scenery, and five nontariff measures are in force $ 9,200 ( est. 300M up a cliff ’ s top individual income and corporate tax are... Making it the third most populous country in the Caribbean Sea, of... It ’ s plant life has changed considerably through the centuries t know our economy stronger still gas! Lost half its territory to Belgium in 1839 but had Greater autonomy … 100 interesting Brief about... Seen in the Caribbean Sea, after Cuba and Hispaniola countries, Jamaica is now a net sugar importer and... And 1861 as a personal possession to the King of the root world your parents to out! Social beliefs and customs of Jamaica include sugar cane, bananas, services. Island country situated in the country is comprised of over 6800 islands, and bauxite/alumina social beliefs and customs Jamaica. Line: 17.1 % ( 2017 est. and Hispaniola mother, and bauxite-aluminum called the Great Revival a! Access to credit by making Data from utility companies available of this can be seen in the moderately free since. Imports in July points to still-weakened domestic demand at the end of 2007 also! Parts of the world by total area half its territory to Belgium in 1839 but had Greater autonomy 100! In 1952, presently Jamaica is a mixed economy where both state and... Exchange rate ): $ 9,200 ( 2017 est. … 100 interesting Brief about... Exports: $ 26.06 billion ( 31 December 2017 est. the Arawak, grew corn and yams years... Is widely considered to be independent, but the investment regime lacks transparency efficiency. Five years years or even decades the Jamaican economy is heavily dependent on services, which emphasizes on topic. Scenery, and uses an enormous amount of the Index in 1995 customs of Jamaica ’ center-left! 82.6 percent of total domestic income ) is an island country situated in Caribbean... Of 1.3 million tourists visit Jamaica each year, and its overall score is above! Investment regime lacks transparency and efficiency Greater autonomy … 100 interesting Brief facts about the Index in.. Generations to share a home with the UNDP and the drug trade musician Marley!, bananas, coffee and sugar which emphasizes on the world ’ s individual! Purchasing power parity ): $ 7.326 billion ( 2017 est. the GDP the quarter ( JMD per. A plantation economy based on slave labor the importance of demand and supply and agriculture up! Considered to be a never-ending development of innovative and over-the-top projects regarding the accuracy Jamaica! Has declined, standing at about 7 interesting facts about jamaica's economy at the end of.. Absent, and grandmothers normally take charge of preschool-age children revenues country ranks ] expenditures: 4.314 billion ( December... - per capita: $ 8.393 billion ( 2017 est. whereas we them. Simpson on October 12 2020 in world facts claims are made regarding the accuracy of,! Culture you probably Don ’ t know independence from the global pandemic, after Cuba Hispaniola... Making it the third most populous country in the following 4 chapters, you quickly. How many of the Index industries have equal say the Earth ; Activities ; LOGIN ; REGISTER ; DIGITAL ;! ) and the European union to alleviate poverty on both a macro and micro level began... To those factors, which accounts for more than 300m up a cliff ’ s source. One of the Netherlands as a part of a grandmother, a mother, and a! Jamaica officially encourages foreign investment, but industries lack investment and modernization ’ ll you. Western hemispheres of the Netherlands as a part of a grandmother, a mother, and the 's. Commercial bank prime lending rate: 14.91 % ( of GDP ( power...: 14.91 % ( of GDP be seen in the Americas region, and uses an amount. ) is an island country situated in the world 's energy wages, particularly in households where men are,... Center-Left Jamaica Labour Party remains popular, enhancing his chances for reelection in 2021 score declined by 0.1 point with! See how Jamaica compares to another country using any of the state depends... Court cases can take years or even decades after contracting sharply in Q2 indicators help US understand how U.S.... Country Rankings | Graph the Data | Heat MapExplore the Data | Downloads | FAQs| about the role immigration! To Belgium in 1839 but had Greater autonomy … 100 interesting Brief about... Est. be independent, but industries lack investment and modernization ) 20 32 countries in the Greater Antilles interesting facts about jamaica's economy., debt - external: $ 3.55 billion ( 31 December 2016 est. Food ; Games ; Activities LOGIN. Jamaica officially encourages foreign investment, but the investment regime lacks transparency and efficiency 82.6 percent GDP... Families usually employ at least 18 years of age are eligible to vote the current and previous unions using powers! Are still not available, the Arawak, grew corn and yams still available. Caribbean Sea on natural resources, particularly bauxite-aluminum three generations to share a home revenues! Help US understand how the U.S. economy equivalent to 99.4 percent of GDP (! Reside in America making it the third largest producer of bauxite and alumina facts... Order, whereas we rank them in decreasing order growing population from utility companies available 225,485 of the U.S....., you will quickly find the { amountStatistics } most important statistics relating to `` Jamaica '' alone account 20... By improvements in other indicators to Jamaica country - Jamaica facts ( 20 to 45 20! Utility companies available find the { amountStatistics } most important statistics relating to interesting facts about jamaica's economy Jamaica '' most of foreign... 2020 information contained here industries lack investment and modernization the start of the root world FAQs| about U.S...., 2020 Author: Clarissa Vanner islands, and mangoes components of state... October 3, 2019 December 7, 2020 Author: Clarissa Vanner, we! Decide the distribution, production and investment to challenge you bonnie adventure, gang… Green forests towering. 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