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The Jamaican economy is heavily dependent on services, which now account for more than 60% of GDP. The country continues to derive most of its foreign exchange from tourism, remittances, and bauxite/alumina. Remittances account for nearly 20% of GDP, but have declined 15% since the onset of the Global recession. Tourism revenues account for 20% of GDP, and arrivals have remained strong, up 4% in 2009, although total revenues have declined due to discounts offered to retain visitors. The economy faces serious long-term problems: a sizable merchandise trade deficit, large-scale unemployment and underemployment, and...  More..

Economy of Jamaica
SOURCE: CIA - The World Factbook
Currency Jamaican Dollar
Fiscal Year 01 April - 31 March
GDP (PPP) $23.24 billion (2009 est.)
GDP (per capita) $8,200 (2009 est.)
Exports $1.422 billion (2009 est.)
Imports $4.625 billion (2009 est.)
Main Industries Tourism, Bauxite/Alumina, Agro Processing, Light Manufactures, Rum, Cement, Metal, Paper, Chemical Products, Telecommunications
Exports - Commodities Alumina, Bauxite, Sugar, Rum, Coffee, Yams, Beverages, Chemicals, Wearing Apparel, Mineral Fuels
Imports - Commodities Food and Other Consumer Goods, Industrial Supplies, Fuel, Parts and Accessories Of Capital Goods, Machinery and Transport Equipment, Construction Materials
Exports Partners US 40.6%, Canada 10.7%, UK 9.3%, Netherlands 7.9%, France 5.4%, Russia 5.3% (2008)
Imports Partners US 39.7%, Trinidad and Tobago 17.6%, Venezuela 11.7% (2008)

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