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Country Report Jamaica

  • ID: 2105438
  • May 2016
  • Region: Jamaica
  • 24 Pages
  • The Economist Intelligence Unit
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The prime minister, Andrew Holness of the Jamaica Labour Party (JLP), has a narrow parliamentary majority following victory in the February 25th election, and will struggle to fulfil pledges on job creation and tax cuts.

Fiscal austerity, weak domestic demand and a hefty debt burden will limit growth. After estimated expansion of 0.8% in 2015, GDP growth will pick up to 2% in 2018, before slackening thereafter amid a weaker global backdrop.

The central government finances will post a deficit of 0.3% of GDP in the 2015/16 fiscal year, which is forecast to widen to 2.0% of GDP by 2020/21, owing partly to rising debt-service costs.

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Country Report Jamaica

Highlights
Outlook for 2016-20
Review

Outlook for 2016-20: Political stability

Outlook for 2016-20: Election watch

Outlook for 2016-20: International relations

Outlook for 2016-20: Policy trends

Outlook for 2016-20: Fiscal policy

Outlook for 2016-20: Monetary policy

Outlook for 2016-20: International assumptions

Outlook for 2016-20: Economic growth

Outlook for 2016-20: Inflation

Outlook for 2016-20: Exchange rates

Outlook for 2016-20: External sector

Outlook for 2016-20: Forecast summary

Data and charts: Annual data and forecast

Data and charts: Quarterly data

Data and charts: Monthly data

Data and charts: Annual trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Population
Main towns
Climate
Weather in Kingston (altitude 34 metres)
Language
Measures
Fiscal year
Currency
Time
Public holidays

Political structure
Official name
Form of government
Head of state
The executive
National legislature
Legal system
National elections
National government
Main political organisations
Main members of cabinet
Key ministers
Central bank governor

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