Projected strong tourism inflows are expected to result in a current account surplus for FY2023/24 supporting a sound international reserves position. The financial system is well capitalized and liquid, and the public debt continues to fall.
Over the last decade, Jamaica has successfully reduced public debt, anchored inflation, and strengthened its external position. It has built a strong track record of investing in institutions and prioritizing macroeconomic stability. This allowed Jamaica's response to recent global shocks to be prudent, agile, and supportive of growth. During the most recent fiscal year growth has remained strong, and inflation is converging to the Bank of Jamaica’s inflation target band.
Annual GDP: 16,500 million USD
Annual Tourists: approx 2,683,000
Total Population: appprox 2.961167 million
Total Working Population: approx 1,372,000
Population Density: 273 persons per square kilometre
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