JAMAICA: SELECTED ECONOMIC DATA 

Prel.

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

POPULATION

Thousands

2297

2326

2346

2355

2358

2392

2415

2436

2461

2483

2510

2538

Growth Rate (%)

1.5

1.3

0.9

0.4

0.1

1.4

1.0

0.9

1.0

0.9

1.1

1.1

NATIONAL ACCOUNTS

GDP, current prices (m. J$)

9355

11151

13310

15718

19435

23342

30478

44906

73254

97566

130055

162569

GDP, 1974 prices (m. J$)

1925

1835

1870

1983

2013

2104

2220

2237

2271

2301

2321

2333

Real GDP Growth Rate (%)

-0.9

-4.7

1.9

6.0

1.5

4.5

5.5

0.8

1.5

1.3

0.9

0.5

Real Per Capita GDP (1974 J$)

838.0

788.9

797.1

842.0

853.7

879.6

919.3

918.3

922.8

926.7

924.7

919.2

Real Per Capita GDP Growth Rate (%)

-2.3

-5.9

1.0

5.6

1.4

3.0

4.5

-0.1

0.5

0.4

-0.2

-0.6

Gross Domestic Investment/GDP (%)

23.2

24.9

18.6

22.6

22.5

21.5

19.5

20.1

20.4

22.6

22.5

26.8

Private

20.1

22.2

14.0

18.0

16.6

16.6

14.6

15.1

13.4

14.9

15.0

16.0

Public

3.1

2.7

4.6

4.6

5.9

4.9

4.9

5.0

7.0

7.7

7.5

10.8

Gross National Savings/GDP (%)

11.3

11.4

15.0

17.4

23.4

14.2

12.0

14.3

21.9

20.9

22.7

22.2

Private

16.3

16.4

15.0

15.5

23.7

14.4

11.0

9.3

15.9

11.5

10.5

8.4

Public

-5.0

-5.0

0.0

1.9

-0.3

-0.2

1.0

5.0

6.0

9.4

12.2

13.8

Foreign Savings/GDP (%)

11.9

13.5

3.6

5.2

-0.9

7.3

7.5

5.8

-1.5

1.7

-0.2

4.6

PRICES

GDP Price Deflator (1974=100)

486.0

607.7

711.8

792.6

867.9

1109.4

1372.9

2007.5

3226.1

4241.1

5603.5

6969.1

Annual Change (%)

4.9

25.0

17.1

11.4

9.5

27.8

23.8

46.2

60.7

31.5

32.1

24.4

Consumer Prices (Jan. 1988=100)

61.6

77.4

89.1

95.1

103.2

118.0

144.0

217.5

385.5

470.6

635.8

762.2

Annual Change (%)

27.8

25.6

15.1

6.7

8.5

14.3

22.0

51.0

77.2

22.1

35.1

19.9

BALANCE OF PAYMENTS (US$ m.)

Current Account

-286

-364

-92

-208

-38

-485

-444

-355

-81

-265

-10

-269

Exports, fob

673

569

591

709

883

1000

1158

1151

1054

1075

1220

1429

Imports cif

1221

1132

962

1226

1438

1864

1934

1819

1767

2180

2168

2774

Trade Balance

-548

-563

-371

-517

-555

-864

-777

-668

-713

-1105

-948

-1345

Tourism, net

389

375

481

551

468

539

686

710

794

878

854

892

Investment Income, net

-289

-306

-314

-399

-407

-435

-517

-479

-348

-240

-284

-297

Other Services, net

52

-23

1

40

320

140

8

-71

-62

-104

-79

-25

Private Transfers, net

110

153

111

117

136

135

155

153

248

306

447

506

Capital Account

311

56

414

251

326

508

272

401

326

383

Official Transfers, net

68

36

54

70

188

116

100

92

71

28

Direct Investment, net

-9

-5

53

-12

57

138

133

142

78

117

Private, M-T & L-T, net

-21

-37

-4

-6

-5

61

30

9

1

17

Private Short-Term, net

99

90

95

81

-144

97

-90

168

178

348

Other, net

174

-28

216

118

230

96

99

-10

-2

-127

Errors and Omissions

-20

-15

7

-33

-2

-4

-22

17

52

-36

Overall Balance

-73

-51

213

180

-161

60

-105

337

113

337

EXTERNAL PUBLIC DEBT

Outstanding Debt, 12/31 (US$ m.)

3566

4068

4187

4696

4038

4149

4036

3874

3678

3714

3612

3434

Outstanding Debt/GDP (%)

140.0

157.0

133.0

141.0

97.7

99.4

90.9

123.8

117.9

99.7

92.9

81.4

Debt Service/Exports (%) (after resched.)

56.0

69.0

69.0

57.0

49.9

30.7

29.4

28.5

26.8

23.7

22.1

20.2

CENTRAL GOVERNMENT FINANCE (% of GDP)

Current Revenues

27.2

25.2

30.2

30.8

31.3

32.4

31.4

32.4

28.7

32.3

34.0

36.6

Divestment Proceeds

0.0

0.0

0.2

2.0

0.5

1.2

1.0

0.7

0.0

0.0

-0.8

0.0

Current Expenditures

28.6

26.0

26.0

25.7

26.6

25.9

23.5

22.2

22.2

24.7

26.6

30.2

Capital Expenditures

5.2

5.6

6.7

8.1

10.1

6.9

5.2

5.8

6.8

4.5

4.6

6.1

Overall Surplus/Deficit

-6.6

-6.4

-2.3

-1.0

-4.9

0.8

3.7

5.1

-0.3

3.1

2.0

0.3

Current Surplus/Deficit (excl. grants)

-1.4

-0.8

4.2

5.1

4.7

6.5

7.9

10.2

6.5

7.6

7.4

6.4