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. 1996 Index
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Jamaica Economy 1996
Key sectors in this island economy are bauxite (alumina and bauxite account
for more than half of exports) and tourism. The government's tight fiscal
and monetary policies, which have been partially successful in curbing
inflation, have held growth to 1.2% in 1993 and 2.0% in 1994.
GDP - purchasing power parity - $7.8 billion (1994 est.)
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National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$736 million, including capital expenditures of $NA (FY90/91 est.)
$1.2 billion (f.o.b., 1994 est.)
alumina, bauxite, sugar, bananas, rum
US 47%, UK 11%, Canada 9%, Norway 7%; France 4% (1993)
$2.2 billion (f.o.b., 1994 est.)
machinery and transport equipment, construction materials, fuel, food,
chemicals
US 54%, Japan 4.0%, Mexico 6%, UK 4%, Venezuela 3% (1993)
growth rate 0.4% (1992); accounts for almost 30% of GDP
bauxite mining, tourism, textiles, food processing, light manufactures
accounts for about 7% of GDP, 22% of work force, and 17% of exports;
commercial crops - sugarcane, bananas, coffee, citrus, potatoes, vegetables;
livestock and livestock products include poultry, goats, milk; not
self-sufficient in grain, meat, and dairy products
transshipment point for cocaine from Central and South America to North
America and Europe; illicit cultivation of cannabis; government has an
active cannabis eradication program
US commitments, including Ex-Im (FY70-89), $1.2 billion; other countries,
ODA and OOF bilateral commitments (1970-89), $1.6 billion
1 Jamaican dollar (J$) = 100 cents
Jamaican dollars (J$) per US$1 - 33.195 (December 1994), 33.986 (1994),
24.949 (1993), 22.960 (1992), 12.116 (1991), 7.184 (1990)
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