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Currency exchange
08-Sep-2010

83.76 = 1US$


 




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 2,700,000 (est.)
Area 10,831 km2
Local Currency Jamaican Dollar (JMD)
Literacy 87.9%
Economically active population 1,139,400
as % of total population 42.2%
Unemployment rate 11.1% (national areas - CEPAL statistic 2008)
   
Gross Domestic Product (GDP) 12,290 US$ millions
as % of Regional GDP 0.3% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 4,552 US$
Ranking in Latin America 12

Important dates
  • January 1 - New Year
  • Ash Wednesday - Changes every year
  • Holy Friday - Changes every year
  • Easter Monday - Changes every year
  • May 1 - Labor Day
  • August 7 - Independence Day
  • October 16 - National Heroes Holiday
  • December 25 - Christmas
  • December 26 - Family Day
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Economic Statistics
(years 2006 - proj. 2010)
Jamaica has a Gross Domestic Product of US$12,290MM. This is distributed by sectors in the following way: agriculture with 5.2%, having as main products sugarcane, bananas, coffee, citrus; industry with 33.1%, having as main products tourism, bauxite / alumina, textiles, agro processing; and the services sector with 61.7%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 2.7% 1.5% -0.9% -3.2% -0.9%
Nominal GDP (US$ millions) 11,957 12,908 13,995 12,290 13,546
GDP per Head (US$) 4,429 4,781 5,183 4,552 5,017
GDP by Sector     100.0%    
Agriculture     5.2%    
Industry     33.1%    
Services     61.7%    
Inflation rate 5.7% 16.8% 16.9% 10.2% 13.8%
Budget Balance -4.5% -4.1% -7.3% -10.7% -6.8%

GPD Growth
 
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 35.6% of Jamaican exports, whereas the main export products are constituted by mining products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 35.6% US 38.1%
Canada 9.4% Trinidad & Tobago 16.9%
China   8.2%   Venezuela   11.2%
UK 6.9% Brazil 3.7%
By products By products
Alumina 45.2% Fuels 38.6%
Bauxite 4.1% Raw materials, excl fuels 25.5%
Sugar 3.8% Consumer Goods 25.3%
    Capital Goods 10.2%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proy. 2010
 
Exchange rate: JMD / US$
(end of period)
67.00 70.40 80.20 89.30 90.70
           
Exports of goods 2,134 2,363 2,500 1,326 1,366
Imports of goods 5,077 6,204 7,547 4,415 4,821
Trade & Services Balance -2,315 -3,421 -4,619 -2,341 -2,711
% GDP -19.4% -26.5% -33.0% -19.0% -20.0%
Income Balance -616 -662 -568 -549 -325
% GDP -5.2% -5.1% -4.1% -4.5% -2.4%
Current Transfers Balance 1,749 2,040 2,150 1,894 1,807
% GDP 14.6% 15.8% 15.4% 15.4% 13.3%
Current Account Balance -1,182 -2,043 -3,037 -996 -1,229
% GDP
-9.9% -15.8% -21.7% -8.1% -9.1%
Net Direct Investments flows 797 752 1,361 350 500
% GDP 6.7% 5.8% 9.7% 2.8% 3.7%
Net Portfolio Investments flows -1,009 -2,437 -333 -301 -975
% GDP -8.4% -18.9% -2.4% -2.4% -7.2%



 


 


2006 2007 2008 est. 2009 proy. 2010
Foreign Debt Stock 7,999 10,085 10,620 10,911 12,984
% GDP 66.9% 78.1% 75.9% 88.8% 95.9%
     
Foreign Debt Service 909 1,303 939 1,117 946
Principal repayments 369 577 412 572 536
Interest payments 540 726 527 545 410
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