Gross Domestic Product for Jamaica
MKTGDPJMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,930,288,337.03
Year-over-Year Change
34.60%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Jamaica measures the total value of all goods and services produced within the country. It is a key indicator of a nation's economic health and growth.
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
GDP is the broadest measure of a country's economic activity, encompassing consumption, investment, government spending, and net exports. Economists and policymakers closely monitor Jamaica's GDP to assess the overall performance and trajectory of the Jamaican economy.
Methodology
Jamaica's GDP is calculated by the World Bank using national accounts data.
Historical Context
Trends in Jamaica's GDP are crucial for informing economic and fiscal policies.
Key Facts
- Jamaica's GDP was $15.78 billion in 2021.
- GDP per capita in Jamaica was $5,472 in 2021.
- The Jamaican economy grew by 4.6% in 2021 after contracting 9.9% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Jamaica measures the total value of all goods and services produced within the country over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Jamaica's GDP is a key indicator of the overall health and performance of the Jamaican economy, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: Jamaica's GDP is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Trends in Jamaica's GDP are crucial for informing economic and fiscal policies, as it helps policymakers assess the country's growth, identify areas for improvement, and make informed decisions.
Q: Are there update delays or limitations?
A: The GDP data for Jamaica is typically published with a short delay, and may be subject to revisions as more information becomes available.
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JAMFCAODCNUM
Population ages 65 and above for Jamaica
SPPOP65UPTOZSJAM
Constant GDP per capita for Jamaica
NYGDPPCAPKDJAM
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Jamaica
JAMFCIODDNUM
Number of Identified Exporters to Jamaica from Nevada
NVJAMA475SCEN
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Jamaica
IDSGAMRIAOJM
Citation
U.S. Federal Reserve, Gross Domestic Product for Jamaica (MKTGDPJMA646NWDB), retrieved from FRED.