Lewes, DE -- (SBWIRE) -- 01/26/2018 -- As per International Monetary Fund (IMF) Jamaica's nominal gross domestic product is expected to grow at a CAGR of 7.43% from it's 2015 level of JMD 1667.19 Billion and reach JMD 2752.55 billion by 2022.

Jamaica, officially is an island country situated in the Caribbean Sea, comprising the third-largest island of the Greater Antilles. The island which is about 4,240 square miles in area, and it lies about 90 miles south of Cuba, and 119 miles west of Hispaniola, the island containing the nation-states of Haiti and the Dominican Republic. Jamaica is the 5th island country in the Caribbean.

Jamaica had estimated population of 2.829 million in the year 2016 and expected to reach 2.922 million by 2022. Jamaica's unemployment rate was 12.835% of total labor force.

Jamaica's real gross domestic product (GDP) was around JMD 754.627 billions in 2016 whereas the nominal GDP was JMD 1749.39 billions. This resulted in GDP deflator 231.821. Per capita GDP was estimated at USD 4930.54 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 8975.73.

In 2016, Jamaica government's revenue was JMD 491.243 billions whereas the expenditure was JMD 507.537 billions. This resulted Jamaica government's net lending / borrowing negative at JMD 221.98 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Jamaica was estimated to be negative at USD 0.378 billions for the year 2016 and is expected to decline at a CAGR of 4.66% and reach USD 0.59 by 2022. This negative current account balance indicates the Jamaica is a net borrower from the whole world.

Scope of the Jamaica PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Jamaica.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Jamaica.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Jamaica.
- These reports provide risk analysis for Jamaica.

For more information and to purchase Jamaica PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/jamaica-pestel-analysis-market-research-report

For more information and to purchase Jamaica SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/jamaica-swot-analysis-market-research-report

For more information and to purchase Jamaica Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/jamaica-risk-analysis-market-research-report

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