Gross Domestic Product in U.S. Dollars for Jamaica
JAMNGDPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,502,845,678.40
Year-over-Year Change
32.09%
Date Range
1/1/2011 - 1/1/2024
Summary
The Gross Domestic Product (GDP) in U.S. Dollars for Jamaica measures the total value of all goods and services produced within the Jamaican economy. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Jamaican economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP in U.S. Dollars for Jamaica represents the market value of all final goods and services produced within the country, converted to U.S. dollars. It is a widely-used metric for comparing economic performance across countries and over time.
Methodology
The data is collected by the Statistical Institute of Jamaica and the Central Bank of Jamaica, using a variety of sources including national accounts, surveys, and administrative records.
Historical Context
This GDP data is used by international organizations, government agencies, and private sector analysts to monitor economic trends, inform policy decisions, and evaluate investment opportunities.
Key Facts
- Jamaica's GDP in 2021 was approximately $15.8 billion USD.
- The services sector accounts for over 60% of Jamaica's GDP.
- Jamaica's GDP per capita was around $5,600 USD in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) in U.S. Dollars for Jamaica measures the total value of all goods and services produced within the Jamaican economy.
Q: Why is this trend relevant for users or analysts?
A: This GDP data is a crucial indicator used by economists, policymakers, and investors to assess the overall health and growth of the Jamaican economy.
Q: How is this data collected or calculated?
A: The data is collected by the Statistical Institute of Jamaica and the Central Bank of Jamaica, using a variety of sources including national accounts, surveys, and administrative records.
Q: How is this trend used in economic policy?
A: This GDP data is used by international organizations, government agencies, and private sector analysts to monitor economic trends, inform policy decisions, and evaluate investment opportunities.
Q: Are there update delays or limitations?
A: The GDP data for Jamaica is typically published on a quarterly basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product in U.S. Dollars for Jamaica (JAMNGDPD), retrieved from FRED.