A Selected Economic Indicators on Jamaica 1990 - 95 (Jamaica)

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Jamaica Overview

A Selected Economic Indicators on Jamaica 1990 - 95

Published Mar 29, 2004

Indicators

1990

1991

1992

1993

1994

1995

Production

GDP at current prices (US$ billion)

3.735

2.147

3.29

2.89

3.9

4.58

GDP at constant prices (US$ billion)

3.156

3.179

3.224

3.271

3.296

3.326

Real GDP Growth

5.5

0.7

1.4

1.4

0.8

0.5

Real GDP per capita (US$)

1,471

1,306

1,311

1,317

1,314

1,325

External Trade

Total Imports (US$ billion)

1.942

1.799

1.775

2.189

2.171

2.773

Imports of Raw Materials

986.6

1178

1188.8

1322.7

1363.8

1562.8

Total Exports (US$ billion)

1.158

1.15

1.053

1.075

1.224

1.429

Non traditionals (US$m)

223.1

226.5

296.0

345.1

405.8

464.3

Apparel exports** (US$m)

127.8

127.8

170.5

239.4

246.6

282.3

Traditionals

899.6

830.2

735.8

713.3

777.0

916.2

Alumina/bauxite exports (US$ m)

738.3

655.9

559.9

524.0

609.2

704.2

Sugar exports (US$m)

85.8

87.4

82.5

97.5

68.6

95.9

Banana exports (US$m)

37.6

42.1

39.6

35.6

46.1

48.2

Export of Goods & Services (US$m)

1,073.4

1,066.4

1,366.2

1,309.0

1,414.5

1,973.3

Merchandise trade deficit (US$ billion)

(0.784)

(0.649)

(0.722)

(1.114)

(0.947)

(1.344)

Balance on Goods & Services

(599.4)

(508.6)

(328.9)

(571.1)

(457.0)

(834.3)

Exports as %age of GDP

36.7

36.2

32.7

32.9

37.1

43.0

Trade Dependency (Total merchandise trade as % of GDP)

98.2

92.8

87.7

99.8

103.0

126.3

Net International Reserves (NIR) ($USm)

(447.8)

(443.0)

(67.4)

51.1

398.6

421.3

Sector Performance

Agriculture: Share of GDP

6.2

6.2

6.9

7.5

8.0

8.1

Manufacturing: Share of GDP

21.2

19.4

19.4

18.8

18.5

18.2

Services: Share of GDP

61.5

64.2

66.3

66.6

72.4

74.7

Tourism Foreign Exchange Earnings (US$m)

740.0

764.0

858.0

842.0

915.0

965.0

Visitor arrivals (million)

1.236

1.341

1.563

1.616

1.575

1.624

Stop over visitors (thousands)

841

845

909

979

977

1,019

Prices

Annual Average Exchange Rate

8.17

20.91

22.2

32.7

33.28

35.49

Average Annual Inflation (%)

29.8

80.2

40.2

30.1

26.7

25.5

Weighted Average Loan Rate - Commercial Banks (%)

24.5

27.5

23

39.8

29.3

18.1

Treasury Bill rate (%)

34

38.45

24.6

48.9

29.4

21.35

Stock Market Index

2,539

7,682

25,746

13,100

14,214

14,267

Manpower

Population (million)

2.415

2.436

2.461

2.482

2.509

2.530

Population growth rate (%)

1

0.9

1

0.9

1.1

0.8

Unemployment Rate (%)

15.3

15.4

15.7

16.3

15.4

16.2

Employed Labour Force (thousands)

898

908

910

906

965

963

Free Zone Activity

Exports from Free Zones (US$m)

158

184.4

214.4

260.3

289.8

335.3

Employment in Free Zones

11,568

11,905

14,220

15,791

16,253

15,373

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