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

906, 2020

Petrojam makes transition to low sulphur heavy fuel oil

PETROJAM says that after six months of implementation it has made a smooth transition to supplying the very low sulphur heavy fuel oil, which is used in the marine sector.

A release from the company stated that on January 1,

906, 2020

Micro financiers seek inclusion in post-COVID-19 recovery process

JAMAICA’S micro financiers are concerned that they are not included in the deliberations on post-COVID-19 economic recovery, including at the level of the task force appointed to make recommendations to the Government.

Acting president of the Jamaica Micro Financing Association (JaMFA),

806, 2020

Bloomberg is reporting that Western Union has made a takeover offer for MoneyGram, but the deal is yet to be finalized.

If the offer is successful it would join two of the largest remittance firms in the world.

Western Union brought in US$4.4 billion

806, 2020

Sharp decline in NIR

RJR Website

8:15 am, Mon June 8, 2020

There has been a sharp dip in Jamaica’s Net International Reserves (NIR).

The Bank of Jamaica (BOJ), is reporting that the NIR declined by US$228 million in May.

At the end of the month the