GDP in Jamaica
Jamaica - GDPThe country’s economic recovery appears to be well underway after a first official estimate showed GDP growth accelerating for a fourth consecutive year in 2016. The positive economic narrative was reinforced by the IMF in its first review of Jamaica’s precautionary Stand-By Agreement, which was concluded in early March. The review commended Jamaican authorities for having increased tax revenues and international reserves. The Fund also approved of the government’s draft budget for FY 2017/18, which foresees a primary surplus of 7% despite a planned 20% increase in spending. The budget—currently being debated in Parliament—is part of the government’s plan to reduce its public debt to 60% of GDP by 2025.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||-0.6||0.5||0.7||0.8|
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