Fiscal Year Gross Domestic Product for Jamaica
JAMNGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,984,564,243,672.50
Year-over-Year Change
122.81%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product for Jamaica measures the total value of goods and services produced in the Jamaican economy during the government's fiscal year. This metric is crucial for economists and policymakers to assess the overall health and growth of the Jamaican economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Fiscal Year GDP for Jamaica represents the comprehensive measure of the country's economic activity and output during the government's fiscal year. It is a key indicator used by analysts and institutions to gauge the performance of the Jamaican economy and inform policy decisions.
Methodology
The data is collected and calculated by the Statistical Institute of Jamaica based on surveys and national accounts.
Historical Context
This economic trend is widely used by the Jamaican government, central bank, and international organizations to monitor the nation's economic development and fiscal policy.
Key Facts
- Jamaica's FY GDP reached $16.3 billion in 2021.
- The Jamaican economy grew by 4.6% in fiscal year 2021.
- GDP per capita in Jamaica was $5,600 in the 2021 fiscal year.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product for Jamaica measures the total value of goods and services produced in the Jamaican economy during the government's fiscal year.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the overall health and growth of the Jamaican economy, informing economic and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Institute of Jamaica based on surveys and national accounts.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by the Jamaican government, central bank, and international organizations to monitor the nation's economic development and fiscal policy.
Q: Are there update delays or limitations?
A: The Fiscal Year GDP data for Jamaica is typically released with a lag of several months after the end of the fiscal year.
Related Trends
Number of Identified Exporters to Jamaica from New York
NYJAMA475SCEN
Number of Identified Exporters to Jamaica from California
CAJAMA475SCEN
Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Jamaica
JAMFCAODCNUM
Stock Market Turnover Ratio (Value Traded/Capitalization) for Jamaica
DDEM01JMA156NWDB
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Jamaica
JAMFCIODUNUM
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Jamaica
IDSNFAMRIAOJM
Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Jamaica (JAMNGDPFY), retrieved from FRED.