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

2704, 2020

JN Group establishes Member Welfare Fund to ease COVID-19 burden

Earl Jarrett, chief executive officer of The Jamaica National Group, greets Dahlia Harris, host of the JN Circle Catch Up, a video series of conversations about how Jamaicans can come together to overcome various elements of the COVID-19 pandemic.

2604, 2020

After the COVID-19 era

It is a mockery for mountain dwellers to ask for fireplace rocks from those who live in the meadow. — Shona proverb, Zimbabwe

“Come gather ’round people

Wherever you roam

And admit that the waters

Around you have grown

And accept it that soon

http://www.jamaicaobserver.com/the-agenda/after-the-covid-19_192679

2604, 2020

Covered for COVID

THE major players in Jamaica’s life insurance industry say they stand prepared to deal with any large volume of claims due to the COVID-19 pandemic and are confident that the financial structures of their companies will not be undermined.

So far,

2604, 2020

World Bank predicts sharpest decline of remittances in recent history

Amid the COVID-19 crisis, the costs of transferring remittances to the region could increase due to operational challenges being faced by remittance service providers (closures of agents and offices, access to cash, foreign exchange, security) and compliance with AML/CFT