Economist Intelligence Unit (EIU)
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The Economist Intelligence Unit provides a constant flow of analysis and forecasts on more than 200 countries and eight key industries. We help executives make informed business decisions through dependable intelligence delivered online.

EIU Jamaica

Overview

The political outlook for the region is broadly stable, but there are risks posed in some jurisdictions by weak mandates and difficult policy choices. The single-seat majority held by Grenada’s government makes it vulnerable. The government of Suriname, led by Ronald Venetiaan, is an unwieldy seven-party alliance. Desi Bouterse, a former military dictator of Suriname, is due to face murder charges and political stability could be undermined. A general election will take place on September 3rd in Jamaica. Elections in Trinidad and Tobago and Barbados are expected to be called early. In Belize elections due by June 2008 are likely to lead to a change of government. High public debt levels will keep many governments under pressure. The pace of regional growth will slow, mainly reflecting declines in the sugar and banana industries. Prospects for mining and financial services are more positive.

Key Reports Available for Jamaica
  • Country Report
  • Country Profile
  • Country Risk Service
  • Basic Data

    Land area
    10,991 sq km
    Population
    2.67m (2006; official estimate)
    Main towns
    Population in ‘000 (2001 census)
    Kingston (capital): 658
    Kingston metropolitan area: 579
    Spanish Town: 132
    Climate
    Tropical all year; more temperate inland
    Weather in Kingston (altitude 34 metres)
    Hottest months, July and August, 26-32°C (average monthly minimum and maximum); coldest months, January and February, 22-30°C; driest month, February, 15 mm average rainfall; wettest month, October, 180 mm average rainfall
    Language
    English and local patois
    Measures
    UK (imperial system), converting to the metric system
    Fiscal year
    April 1st to March 31st
    Currency
    One Jamaican dollar (J$)=100 cents. Average exchange rate in 2007: J$69.01:US$1; exchange rate on January 31st 2008: J$71.74:US$1
    Time
    5 hours behind GMT
    Public holidays
    New Year’s Day, Ash Wednesday, Good Friday, Easter Monday, Labour Day (26th May), Emancipation Day (1st August), Independence Day (7th August), National Heroes’ Day (16th October), December 25th and 26th


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