Jamaica

Region: LatAm and Caribbean
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

Middle Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 2.9 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 0.7% (2017)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $5,029 (2015)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Jamaica Reports

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  • Year of publication: 2023
  • Category: National Reports
  • Language: English
  • Upload date: 2023-03-01

  • Based on interviews with 2300 individuals and 39 experts, the Global Entrepreneurship Monitor (GEM) Jamaica 2021/2022 National Report revealed that majority of the TEA were women with 59%. Most entrepreneurs were confident in their capabilities of starting up a business especially the younger group of entrepreneurs. They showed more awareness of the opportunities available despite the challenges being faced in the prolonged COVID-19 pandemic. It's no denying that Jamaican entrepreneurs are resilient and don’t let anything hold them back especially when the need to provide for their households is an everyday requirement for survival. However, experts believe that the need for improvement in the availability of financial support and service is evidently needed to foster the development of entrepreneurship in the economy.
  • URL: https://www2.gemconsortium.org/report/51149
GEM Jamaica 2021/2022 National Report
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GEM Jamaica 2016/17 Report
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GEM Jamaica 2013 Policy Brief
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GEM Jamaica 2013 Report
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  • Year of publication: 2012
  • Category: National Reports
  • Language: English
  • Upload date: 2015-03-27

  • Jamaicans are very entrepreneurial and are hardly afraid of failure in starting businesses. The intention to start businesses are relatively low and in 2011 the country registered one of the highest business discontinuance rates among all GEM-participating countries. Yet, Jamaicans confer a high status to successful business owners and most Jamaicans view entrepreneurship as a desirable career choice.

  • URL: https://www2.gemconsortium.org/report/48512
GEM Jamaica 2011 Report
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