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)
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General Insurance (2014-2015)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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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

2506, 2021

Global minimum 15% corporate income tax

While the impact of the world’s seven richest countries (G-7) commitment to a 15 per cent global minimum corporate income tax (CIT) rate is still being assessed, it has been said that Jamaica will be less affected than its Eastern

2506, 2021

Pension assets go down by 5.38%

The recent report of the Financial Services Commission of Jamaica (FSC), the entity which regulates the pension sector, shows that pension assets continued to fall in the December quarter.

The FSC noted that the Jamaican private pensions industry’s track record

2506, 2021

Record motor vehicle moves at Kingston Wharves

Kingston Wharves Limited’s (KWL) motor vehicle business has seen an upswing, with the company’s transhipment segment up significantly for 2021 over the previous year. Cargo shipped through the terminal is segmented into domestic and transhipment (cargo destined for other territories

2406, 2021

Insurance package launched for fishers and farmers

KINGSTON, Jamaica— The country’s fisherfolk and farmers can now access insurance coverage for vessels, vehicles and accessories through Advantage General Insurance.

The insurance package, developed in collaboration with the Ministry of Agriculture and Fisheries, was launched during a virtual ceremony yesterday.

It