Main Aggregates and Per Capita Indicators

Economic Statistics: International Merchandise Trade ||Production ||National Accounts ||Price Indices

Main Aggregates and Per Capita Indicators

GDP At Current Prices

GDP At Constant Prices

Other

NATIONAL ACCOUNTS

The system of national accounts is a comprehensive,accounting framework within which economic data can be presented on the operation of the nation’s economy in much the same way as business accounts describe the operation of an enterprise. It is based on a set of internationally agreed concepts, definitions, classifications and accounting rules within which economic data can be presented

The Jamaican System of National Accounts has undergone significant revisions to bring it in line with the1993 United Nations System of National Accounts (1993 SNA).This included changes in concepts, definitions, and the methodology used in estimating output for some industries. A comprehensive revision was also undertaken of the estimates to ensure that all productive activities, including that of the non-observed economy were captured. The industries used in the national accounts have been reclassified in line with the revised Jamaica Industrial Classification 2005 (JIC 2005). This is a local adaptation of the United Nations International Standard Industrial Classification of all Economic Activities (ISIC Rev.3).

MAIN AGGREGATES AND PER CAPITA INDICATORS,2004 - 2008

ITEM	2004	2005	2006	2007	2008
Main Aggregates($Million)
Total Gross Value Added in basic values at constant prices	483,624.7	488,483.5	501,746.1	509,248.9	504,421.7
Total Gross Value Added in basic values at current prices	541,833.8	609,287.7	687,573.8	781,118.5	893,444.7
Gross Domestic Product at market prices	620,258.5	695,355.3	786,131.2	893,146.0	1,018,227.7
Gross National Income at current prices	584,616.4	653,242.1	745,725.3	847,637.6	964,814.4
National Income at current prices	537,989.5	600,464.4	685,500.7	778,924.2	885,829.1
National Disposable Income at current prices	626,452.3	698,780.5	800,341.0	919,278.8	1,036,211.7
Compensation of Employees at current prices	280,155.7	309,627.3	350,463.1	398,326.6	464,817.6
Private Final Consumption Expenditure at current prices	467,078.4	538,426.1	613,985.7	762,608.5	923,306.8
Government Final Consumption Expenditure at current prices	77,034.4	96,070.1	105,076.5	124,238.3	155,814.0
Net National Savings at current prices	82,339.6	64,284.2	81,278.7	32,432.0	(42,909.1)

MEAN POPULATION ('000)	2638.1	2,650.4	2663.1	2675.8	2687.2
Per Capita Indicators ($)

Total Gross Value Added in basic values at constant prices	183,323	184,306	188,407	190,317	187,713
Total Gross Value Added in basic values at current prices	205,388	229,885	258,186	291,920	332,482
Gross Domestic Product at market prices	235,116	262,359	295,194	333,787	378,918
Gross National Income at current prices	221,605	246,469	280,022	316,779	359,041
National Income at current prices	203,931	226,556	257,407	291,100	329,648
National Disposable Income at current prices	237,463	263,651	300,530	343,553	385,610
Compensation of Employees at current prices	106,196	116,823	131,600	148,863	172,975
Private Final Consumption Expenditure at current prices	177,051	203,149	230,553	285,002	343,594
Government Final Consumption Expenditure at current prices	29,201	36,247	39,456	46,430	57,984
Net National Savings at current prices	31,212	24,255	30,520	12,120	-15,968