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

1603, 2020

Business Observer Report: 18 billion dollars tax cut…Government unveils target approach to manage FX … JCC urges business sector to prepare for COVID-19

April 1, the General Consumption Tax (GCT) will be reduced from 16.5 per cent to 15 per cent.

The 18-billion dollars in tax reduction is a 4-billion dollar improvement on the 14 billion dollars in tax cuts the Government implemented in

1603, 2020

Scotiabank announces strategic initiative with Mastercard in four Caribbean markets

Scotiabank announced that it has entered into a seven-year agreement with Mastercard to provide an enhanced digital customer experience and new debit cards in four Caribbean countries: The Bahamas, Barbados, Dominican Republic, and Jamaica.

The relationship will promote payments

1603, 2020

Jamaica Budget 2020/21: Trying to right some wrongs

Finance Minister Dr Nigel Clarke (standing) during his budget speech Tuesday in Gordon House. (Photo: Joseph Wellington)

I’ve not read any budget documents through this year, but know that the spending estimates are about $855 billion

1603, 2020

UK added to list of countries with travel restrictions

HE Government of Jamaica has increased the number of countries on which there is restricted travel from eight to nine in light of the COVID-19 outbreak.

Speaking at a press briefing at Jamaica House last evening, Prime Minister Andrew Holness announced