Feb 27, 2015 Last Updated 5:08 PM, Feb 25, 2015
The Minister of Finance & Planning

The Minister of Finance & Planning

Dr. Peter David Phillips is currently the Minister of Finance and Planning. He has had a distinguished career in Government, politics and academia. Dr. Phillips has served in a num...

Minister with Responsibility for the Public Service

Minister with Responsibility for the Public Service

Minister Horace Washington Dalley is a teacher by profession and a practicing politician. Hailing from Clarendon, he presently represents the Northern Clarendon Constituency in Par...

Financial Secretary

Financial Secretary

Mr. Devon Rowe serves as the Financial Secretary from 2012 to present. He is a career civil servant who was recently awarded the Order of Distinction in the Rank of Commander (CD)...

  1. Forex
  2. GDP
  3. CPI

Daily Rates for 2015-02-27 00:00:00

USD Buying Rate 115.1460 USD Selling 115.6449 CAD Buying Rate 92.0371 CAD Selling 92.6430 GBP...


Gross Domestic Product

The Jamaican economy grew by 1.6 per cent in the first quarter of 2014 when compared to the similar quarter of 2013. This performance resulted from increased output levels in both the Goods Producing industries of 5.5 per cent and Services industries of 0.3 per cent. For the fiscal year 2013/2014 the economy grew by 0.9 per cent.

Consumer Price Index

The inflation rate for July 2014 was 1.4 per cent, the highest rate recorded since September 2013. Contributing to the rise in inflation were increases in the cost of some agricultural products as the drought affecting most of the island resulted in a shortage in supply. The highest weighted division ‘Food and Non-Alcoholic Beverages’ increased by 2.0 per cent with the classes ‘Vegetables and Starchy Foods’ moving up by 6.3 per cent and ‘Fruit’ by 5.8 per cent.