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  1. Apr 15, 2024 · Overview. Jamaica has been a highly indebted economy for decades. Since 2013, the government (GOJ) has successfully implemented fiscal consolidation measures, reducing the public debt-to-GDP ratio by more than 60 percentage points to 75.5 percent in 2023 – the lowest level in 25 years. Prudent macroeconomic management, anchored in debt ...

  2. Oct 8, 2023 · In Jamaica, the bulk of the population, 1.07 million people (38 per cent of the total population) are employed as clerks, agriculture workers, craft and related, assemblers and elementary ...

  3. Aug 6, 2019 · This uptick follows a more than four-point, or 19.3 per cent, decline in poverty between 2015 and 2016. On the face of it, an increase in poverty in 2017 is counterintuitive. After all, the economy grew one per cent that year and unemployment fell from its 2016 high of 13.7 per cent to 10.4 per cent in October 2017 and has continued a downward ...

  4. Aug 6, 2016 · Through the 90s, unemployment remained around 15 percent, with poverty above 25 percent. The unemployment rate is currently 14 percent and poverty is 16 percent. A serious hindrance to Jamaica’s development has been slow rates of economic growth. In the past 30 years, Jamaica has had an average annual GDP growth rate of less than one percent.

  5. Oct 19, 2020 · The setbacks are acute. Extreme poverty is expected to rise in 2020, for the first time in over 20 years, due to the impact of the global pandemic. A recent report, Poverty and Shared Prosperity 2020: Reversals of Fortune, estimates that the pandemic may push 115 million more people into extreme poverty. An estimated 9.2 percent of the global ...

  6. JAMAICA. Table 1. 2023. Population, million GDP, current US$ billion. GDP per capita, current US$ International poverty rate ($2.15)a Lower middle-income poverty rate ($3.65)a Upper middle-income poverty rate ($6.85)a Gini indexa School enrollment, primary (% gross)b Life expectancy at birth, yearsb Total GHG emissions (mtCO2e) 2.8. 18.8.

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  8. Source: WDI, Macro Poverty Outlook, and official data. a/ Most recent WDI value (2020). Jamaica’s economy is rebounding, reduc-ing poverty and pushing unemployment to historic lows. However, both GDP and poverty remain below pre-pandemic lev-els. The country faces high public debt, inflationary pressures, low labor produc-tivity, and a weak ...

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