Latest Economic News

IAJ President – Peter Levy- Motor Uninsured
Managing Director BCIC- Speaks on the amount of uninsured motor vehicle on the road in Jamaica and the dangers it creates for the insured driver.

IAJ President – Peter Levy- General Uninsured
Managing Director BCIC- Speaks on the amount of the uninsured population in Jamaica.

Past Statistics:

Life Insurance (2016-2017)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Statistics on The Economy.

Review of Economic Performance
October – December 2018.

The PIOJ presents preliminary estimates on economic performance for each quarter, approximately 6 weeks following the end of the quarter being reviewed. This is based on preliminary information available from the major data providers.

This release of the preliminary estimate is consistent with developments in all modern economies globally, where it is the common practice to release a 1st, 2nd and even a 3rd preliminary estimate before the final official figure is released. Learn More >

Current Statistics

GOVERNMENT FISCAL MONITORING

GROSS DOMESTIC PRODUCT

BOJ RATE POLICY

JAMAICA ECONOMIC DATA

2903, 2022

BANK OF JAMAICA PRESS RELEASE – MARCH 2022

BANK OF JAMAICA REDUCES MONETARY ACCOMMODATION
Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate
offered to deposit-taking institutions on overnight placements with BOJ) by 50 basis points to
4.50 per cent per annum,

2903, 2022

Pivoting on Goodwill

LONG before the novel coronavirus pandemic, sole proprietor of Goodwill Furnishings Durrant Pate understood the concept of pivoting.

After a couple years of operating a wholesale in downtown Kingston, the journalist-turned-businessman, in 2017, decided to make his foray into furniture manufacturing.

“The

2903, 2022

Clarke to chair IDB

FINANCE Minister Dr Nigel Clarke has been elected as chairman of the Board of Governors of Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) for 2022.

Dr Clarke’s nomination was announced by the governor for Paraguay, Oscar Llamosas Díaz,

2803, 2022

The future of money

THE United States, one of the world’s largest economies, seems set to accelerate movement towards the integration of digital assets as a means of providing financial services, including money and payments.

Last week, United States Undersecretary for Domestic Finance Nellie