Jamaica GDP

The Gross Domestic Product (GDP) in Jamaica was worth 14.84 billion US dollars in 2012. The GDP value of Jamaica represents 0.02 percent of the world economy. GDP in Jamaica is reported by the World Bank. From 1960 until 2012, Jamaica GDP averaged 5.2 USD Billion reaching an all time high of 14.8 USD Billion in December of 2012 and a record low of 0.7 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Jamaica GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
14.84 14.43 14.84 0.70 15.82 | 2014/06 1960 - 2012 USD Billion Yearly

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Jamaica GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 14.84 2012-12-31 14.43 14.84 0.70 15.82 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 1.80 2013-12-31 0.50 4.30 -4.50 1.88 2014-03-31 Percent [+]
GDP per capita 5562.24 2011-12-31 5133.44 5562.24 429.14 6709.52 2014-06-30 USD [+]
GDP per capita PPP 7082.61 2005-12-31 7082.61 7082.61 7082.61 2006-12-31 USD [+]
GDP Growth Rate 0.80 2013-09-30 1.50 2.20 -1.90 1.17 2014-06-30 Percent [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Jamaica Youth Unemployment Rate at 5.60 Percent  
Youth Unemployment Rate in Jamaica decreased to 5.60 percent in February of 2014 from 6.10 percent in January of 2014. Youth Unemployment Rate in Jamaica is reported by the Ministry of Internal Affairs & Communications.
Jamaica GDP Annual Growth Rate at 1.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 1.80 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Sales Tax Rate | VAT at 16.50 Percent  
The Sales Tax Rate in Jamaica stands at 16.50 percent. Sales Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Inflation Rate at 8.60 Percent  
The inflation rate in Jamaica was recorded at 8.60 percent in February of 2014. Inflation Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica GDP Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 0.80 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Balance of Trade at -975800.00 USD Thousand  
Jamaica recorded a trade deficit of 975800 USD Thousand in the third quarter of 2013. Balance of Trade in Jamaica is reported by the Bank of Jamaica.
Jamaica Interest Rate at 5.75 Percent  
The benchmark interest rate in Jamaica was last recorded at 5.75 percent. Interest Rate in Jamaica is reported by the Bank of Jamaica.
Jamaica Government Budget at -1.90 Percent of GDP  
Jamaica recorded a Government Budget deficit equal to 1.90 percent of the countrys Gross Domestic Product in 2011. Government Budget in Jamaica is reported by the Caribbean Centre for Money and Finance.
Jamaica Current Account at -409.30 USD Million  
Jamaica recorded a Current Account deficit of 409.30 USD Million in the third quarter of 2013. Current Account in Jamaica is reported by the Bank of Jamaica.
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