Jamaica's economy relies on alumina, tourism and remittances. As most countries in the Caribbean region, it was severely affected by the global financial crisis and faces high levels of public debt. The island suffered a recession from 2008 to 2010. The economy is progressively recovering, supported by higher demand of its commodities. The country has a narrow production base and an underdeveloped quality management infrastructure, especially in the agri- processing sector.
In 2009, ITC supported Jamaica to develop its National Export Strategy. In 2010, the country participated in the EU funded project implemented by ITC and Caribbean Export for promoting CARIFORUM Creative Industries. The country also benefited in 2012 from ITC support to conduct a survey on non-tariff-measures.
Based on the ITC 2014-2018 Strategic Approach to the Caribbean Region, ITC will focus on implementing at regional level the recommendations of strategies recently developed by CARICOM for the cultural industries and professional services sectors.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.