Public debt is expected to continue its downward trend, reaching 65.9% of GDP by 2026 (data World Bank). In January 2024, annual inflation surged to 7.4%, compared to 5.1% in October 2023, exceeding the Bank of Jamaica (BOJ)'s reference range of 5 ±1%. Over the last 30 years, ...
The ratio of debt to GDP is 135%. Inflation, previously a bright spot, is expected to remain in the double digits. Uncertain economic conditions have led to increased civil unrest, including gang violence fueled by the drug trade. In 2004, the government faced the difficult prospect of ...
Debt to GDP120%78% Debt Service to BudgetAs high as 60%28% Our Leaders “William Alexander Bustamante (1884-1977) was Jamaica's first Prime Minister. He campaigned for workers' rights, and he was imprisoned for standing up for his beliefs.” ...
The country has made strides in macroeconomic stabilization over the past decade, implementing structural reforms to improve debt sustainability and fiscal discipline. However, GDP growth has remained modest, averaging around 1–2% annually. The economy was hit hard by the COVID-19 pandemic, ...
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UPDATE : ‘No time to react’ Residents say Fleet Street blaze tore through homes in minutes February 24, 2025 Naturalzista Hair founder Ashli Thomas ditched corporate stability for passion February 24, 2025 PAHO secured millions of dollars in vaccines, medicines and health technology last year ...
Current Account to GDP -3.20 0.70 percent of GDP Dec 2022 Exports 492872.75 477319.25 USD Thousand Mar 2024 External Debt 14088.04 14002.08 USD Million Mar 2024 Foreign Direct Investment 53.40 93.20 USD Million Aug 2024 Imports 1879446.70 1853945.36 USD Thousand Mar 2024 Remittances 3370.10 3440.20 USD...
Basic Statistic National debt of Jamaica in relation to gross domestic product (GDP) 2029 Basic Statistic Ratio of military expenditure to gross domestic product (GDP) in Jamaica 2022 Basic Statistic Ratio of government expenditure to gross domestic product (GDP) in Jamaica 2029 Basic Statistic...
Current Account to GDP -2.70 -6.20 4.30 -6.30 percent of GDP [+] Exports 4.13 3.85 5.91 0.02 USD Billion [+] Imports 5.16 5.53 7.30 0.28 USD Billion [+] External Debt 195276.26 197538.62 197930.42 36431.04 USD Million [+] Capital Flows -1084.14 -1684.01 359.83 -6193.64 USD Million ...
There was also a decline in tourism, which was important to the economy.[Citation needed] Owing to rising foreign and local debt, accompanied by large fiscal deficits, the government sought International Monetary Fund (IMF) financing, which was dependent on implementing various austerity measures.[...