Search results
Results from the WOW.Com Content Network
The economy of Jamaica is heavily reliant on services, accounting for 71% of the country's GDP. [16] Jamaica has natural resources and a climate conducive to agriculture and tourism. The discovery of bauxite in the 1940s and the subsequent establishment of the bauxite-alumina industry shifted Jamaica's economy from sugar , and bananas .
The Caribbean Island of Jamaica was initially inhabited in approximately 600 AD or 650 AD by the Redware people, often associated with redware pottery. [1] [2] [3] By roughly 800 AD, a second wave of inhabitants occurred by the Arawak tribes, including the Tainos, prior to the arrival of Columbus in 1494. [1]
Jamaica is an upper-middle-income country [14] with an economy heavily dependent on tourism; it has an average of 4.3 million tourists a year. [19] Jamaica is a parliamentary constitutional monarchy, with power vested in the bicameral Parliament of Jamaica, consisting of an appointed Senate and a directly elected House of Representatives. [8]
The initial federal budget was quite small, limiting the federal government's ability to use its financial largess as a carrot. It was dependent upon grants from the United Kingdom and from its member states. The provincial budgets of Jamaica and Trinidad and Tobago were both larger than the federal budget.
Jamaica's initial quota was in the amount of US$20,000, which was allocated to the IMF in February 1963. Subsequently, Jamaica has increased its quota shares in 1966 (twice),and again in 1969, 1970, 1978, 1980, 1984, 1992, 1999, and in 2016. As of today, Jamaica has an outstanding (unpaid) loan in the amount of 528.78 million SDR's. [28]
Pages in category "Economic history of Jamaica" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes. J.
John Gregory (1688 - 1764) was a Jamaican-born colonial administrator, slave-owner, and military official in the eighteenth century British colony of Jamaica who acted as Governor of Jamaica three times, served as Chief Justice of Jamaica twice, and served as the President of the Legislative Council of Jamaica, Chancellor, & Commander-In-Chief of the colony of Jamaica and the territories ...
History of Jamaica by topic (7 C, 1 P) * Jamaica history-related lists (11 P) E. Historical events in Jamaica (12 C, 1 P) H. Historiography of Jamaica (1 C, 1 P) K.