Economic Highlights 2017-09-16T16:03:33+00:00

1312, 2017

Fed Raises Rates

Federal Reserve officials followed through on an expected interest-rate increase today citing continued strengthening in the labour market and rising economic activity. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate

1312, 2017

U.S. CPI rises 0.4% for November 2017

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items

1212, 2017

U.S. Producer Price Indexed – November 2017

The Producer Price Index increased 0.4% in November 2017 according to the U.S. Bureau of Labor Statistics. This follows a 0.4% upward movement in both October and September. On an unadjusted basis, the final demand

1112, 2017

Net International Reserves – November 2017

Net International Reserves Jamaica’s Net International Reserves totaled US$3,116.22 million as at November 2017, reflecting an increase of US$31.24 million relative to the US$3,084.98 million reported as at the end of September 2017 (see figure

712, 2017

GDP increase 0.6% for euro area and EU28

Gross domestic product improved 0.6% in both the euro area (EU19) and the EU28 for the third quarter of 2017 according to an estimated released by Eurostat, the statistical office of the European Union. the

712, 2017

Gas Price Movement December 7, 2017

 Brent Oil Brent oil prices declined by 2.99% (US$1.89), as prices declined this week. Oil traded on December 07, 2017 at a price of 61.22 (US$ barrel) and began the year at US$56.0 per barrel.

112, 2017

International Merchandise Trade January – September 2017

During the period January to September 2017 the trade deficit worsened to US$3,205.3 million, increasing by US$561.4 million or 21.2% relative to US$2,643.9 million for the corresponding period in 2016 based on data released by

3011, 2017

Gas Price Movement November 30, 2017

  Brent Oil Brent oil prices declined by 0.33% (US$0.21), as prices declined this week. Oil traded on November 29, 2017 at a price of 63.11 (US$/ barrel) and began the year at US$56.90 per

2811, 2017

Finance Minister approves medium term inflation target

The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal

Net International Reserves

Unemployment Rate

Monthly Inflation Rate

Gross Domestic Product (GDP)

Central Government Operations

J$ Millions Provisional – Aug 2017 Budget – Aug 2017
Revenue & Grants 213,066.2 198,441.5
Fiscal Balance (Surplus +/ Deficit -) -5,837.4 -27,356.2
Primary Balance (Surplus +/ Deficit -) 52,047.8 32,540.3