Economy of Jamaica
The absence of large commercial centers, other than Kingston, Montego Bay and Ocho Rios has resulted in a poorly developed retail sector in Jamaica. While Kingston and Montego Bay are home to a number of retail stores, including American fast-food franchises such as Domino's, Pizza Hut & Dairy Queen and the majority of the towns in the interior of the country such as Mandeville, May Pen and Spanish Town have small shops, public markets, and temporary roadside stands.
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Statistics
GDP: purchasing power parity - US$11.3 billion (2004 est.)
GDP - real growth rate: 1.9% (2004 est.)
GDP - per capita: purchasing power parity - US$4,100 (2004 est.)
GDP - composition by sector:
agriculture: 6.1%
industry: 32.7%
services: 61.3% (2004 est.)
Population below poverty line: 19.7% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 30.3% (2000)
Inflation rate (consumer prices): 9.4% (1999 est.)
Labor force: 1.14 million (2004)
Labor force - by occupation: services 63.4%, agriculture 20.1%, industry 16.6% (2003)
Unemployment rate: 15% (2004)
Budget:
revenues: $2.27 billion
expenditures: $3.66 billion, including capital expenditures of $1.265 billion (FY98/99 est.)
Industries: tourism, bauxite, textiles, food processing, light manufactures, rum, cement, metal, paper, chemical products.
Industrial production growth rate: NA%
Electricity - production: 6,386 GWh (1998)
Electricity - production by source:
fossil fuel: 92.7%
hydro: 2.21%
nuclear: 0%
other: 5.09% (1998)
Electricity - consumption: 5,939 GWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: sugarcane, bananas, coffee, citrus, potatoes, vegetables; poultry, goats, milk
Exports: $1.4 billion (f.o.b., 1999 est.)
Exports - commodities: alumina, bauxite, sugar, bananas, rum
Exports - partners: United States 39.5%, European Union (excluding UK) 15.6%, United Kingdom 12.1%, Canada 11.5% (1998)
Imports: $2.7 billion (f.o.b., 1999 est.)
Imports - commodities: machinery and transport equipment, construction materials, fuel, food, chemicals, fertilizers
Imports - partners: United States 50.9%, European Union (excluding UK) 9.5%, Caricom countries 10.4%, Latin America 6% (1998)
Debt - external: $3.8 billion (1998 est.)
Economic aid - recipient: $102.7 million (1995)
Currency: 1 Jamaican dollar (J$) = 100 cents
Exchange rates: Jamaican dollars (J$) per US$1 - 70.0 (December 2007) 62.5 (September 2005), 45.7 (June 2001), 41.139 (December 1999), 9.044 (1999), 36.550 (1998), 35.404 (1997), 37.120 (1996), 35.142 (1995)
Fiscal year: 1 April–31 March
- See also : Jamaica
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