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, 2017

Unions welcome new public sector pension proposal

Helene Davis Whyte, President, Jamaica Confederation of Trade Unions – file photo

Helene Davis Whyte

A proposal by the Jamaican Government to phase-in the five per cent pension contribution by public sector workers, effective April 1, has been welcomed by the Jamaica

1603, 2017

Insurance industry players expressing optimism after meeting with Government

Following a meeting at the Ministry of Finance yesterday the insurance industry is expressing optimism that changes will be made to the plan to impose General Consumption Tax (GCT) on group health insurance.

The talks involved insurance executives and technocrats in

1603, 2017

Goverment to implement public sector pension contributions in phases

SHAW… the current public sector pension arrangement is unsustainable as only a small portion of public sector workers make contributions

DEBATE started yesterday in the House of Representatives on changes to the Pensions (Public Service) Act (2016) to have

1603, 2017

NCB suspends dormant account charges

Audrey Tugwell Henry senior general manager of NCB.

NATIONAL Commercial Bank (NCB) announced yesterday that it will be suspending, with immediate effect, charges applied to local and foreign currency accounts classified as dormant.

“… While they are suspended, we will