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The monthly minimum wage in Jamaica is $211. Jamaica has a national debt equal to 150% of the country's gross domestic product (GDP) as estimated in 2013. Relative to consumer prices, Jamaica's inflation rate is 9.4%. The currency of Jamaica is Jamaican Dollar. The plural form of the word Jamaican dollar is dollars. The symbol used for this currency is $ and is abbreviated as JMD. The Jamaican dollar is divided into cents; there are 100 in a dollar. Every year, consumers spend around $10,133 million. The ratio of consumer spending to GDP in Jamaica is 0.07% and the ratio of consumer spending to world consumer market is 2.92%. The corporate income tax rate in Jamaica is 33.3%. Personal income tax ranges from 0% to 25% depending on your specific situation and income level. Sales tax in Jamaica is 17.5%. In 2013, Jamaica received US$21 million in development aid. In 2014, foreign aid amounted to USD 40.2.
Gross domestic product The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Jamaica is US$24,099 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) per capita in Jamaica was last seen at $8,313,793. PPP in Jamaica is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Jamaica is 14,270 billion. Based on this statistic, Jamaica is considered to be moderately strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Jamaica was last seen at $4,922,936. The average citizen in Jamaica has a very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Jamaica averaged 1.1% in 2014. According to this percentage, Jamaica is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.