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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 .
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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]
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Ongoing — COVID-19 pandemic in Jamaica. 1 February – Jamaican Prime Minister Andrew Holness says that his government is willing to send troops to Haiti as part of a "multinational security assistance deployment". [2] 6 May – Coronation of Charles III as King of Jamaica and the other Commonwealth realms.
Jamaica is an island country in the Caribbean. The country had a population of 2,825,352 as of 2023, having the fourth largest population in the region. Jamaica's annual population growth rate stood at 0.08% in 2022. As of 2023, 68.9% of Jamaicans were Christians in 2011, predominantly Protestant.
[24] [predatory publisher] Today Jamaica has a population of 2.8 million individuals (2018), [4] a GNI per capita of $4,990 (2018), and a lower inequality rate than most nations in Latin America. [ 25 ] [ 5 ] The current GDP is 15.71 billion US Dollars, [ 26 ] making Jamaica one of the largest economies in the Caribbean .
The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica . Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization.