Business Climate

Jamaica is the 12th easiest place for Getting Credit globally — World Bank Doing Business Report, 2019

Jamaica is the best Caribbean country for Doing Business — Forbes 2019 and World Bank Doing Business Report 2019

The Jamaica Stock Exchange is the highest performing stock market globally — Bloomberg 2015 and 2018

Jamaica's credit rating is stable — Fitch 2021; Standard & Poor's 2019

Jamaica moved up 6 places on the Logistics Performance Index — World Bank 2018

Jamaica voted Best Destination in the Caribbean and among the 14 best destinations globally — TripAdvisor Travellers' Choice Awards 2019

Jamaica ranked 6th globally for absence of red tape — Forbes Best Countries for Business Report 2019

Jamaica placed 71st out of 190 countries — World Bank Doing Business Report 2020

Jamaica ranked 79th out of 140 countries — World Economic Forum Global Competitiveness Report 2018

Kingston named BPO Nearshore City of the Year — Nearshore Americas, July 2018

Jamaica graded B+ for Government's Long-Term Foreign and Local Currency Issuer Default Rating — Fitch Ratings Agency 2020

Jamaica ranks #1 in the Caribbean and 8th in Latin America and the Caribbean for cargo volume — 1.5 million TEUs, 2017

Business and consumer confidence increased annually by 24.1 and 67.5 points respectively over the last decade

Well-developed infrastructure with world-class highways, airports and seaports

Robust telecommunications infrastructure with built-in redundancy

Jamaica's airport ranked 4th in the Caribbean region — Skytrax World Airport Awards 2022

Grupo Aeropuerto del Pacifico launched an estimated US$95 million investment at Norman Manley International Airport

CMA-CGM, the third-largest shipping line in the world, invested over US$400 million in the Kingston Port

Jamaica is the Caribbean's leading cruise port — World Cruise Awards 2021

Jamaica's ports receive approximately 3,000 ship calls annually

1.83 million TEU of containerised cargo moved through Kingston Ports, 2018

Jamaica has a vibrant and stable democracy with elections held at least every five years

Clear checks and balances with strong legislative and executive arms, and a wholly independent judiciary

Strong political accountability frameworks to deter corruption of officials

Jamaica boasts numerous incentives and trade agreements

National debt to GDP ratio is 96.3%, fallen by 13.4% over Financial Year 2021/22 — Ministry of Finance Medium-Term Debt Management Strategy 2022

Fiscal management demonstrated through successful passage of tests under the IMF Stand-By agreement

Jamaica is the 3rd largest recipient of FDI inflows in the Caribbean (excluding Offshore Financial Centres) and 2nd largest among Small Island Developing States — 2018

Some of the world's biggest brands call Jamaica home — DHL, FedEx, Huawei, Scotiabank and Citibank among major multinationals with offices here

Jamaica is home to several locally grown conglomerates including Sandals Resorts, GraceKennedy and National Bakery

Jamaica's diversified market economy has accommodated over US$6 billion in foreign direct investment over the past 10 years

Heineken Group purchased Red Stripe from Diageo for US$421 million in 2015

Over US$1 billion in tourism investments since 2018, including Ocean Coral Springs, Princess Hotels, Grand Excelsior Port Royal Hotel and AC Marriott

Kingston Container Terminal divested to CMA-CGM group with an anticipated investment of up to US$500 million

Jiquan Iron and Steel Company (JISCO) invested US$299 million to take over Alumina Partners of Jamaica in 2016

Jamaica was the filming location for BOND25 and over 300 film and television projects including Yardie, Sprinter and King of the Dancehall

400 international flights weekly from over 40 airlines to major gateways worldwide

Jamaica has the #1 transhipment port in the region

Over half a billion of the world's population lives within a four-hour flight radius of Jamaica

Kingston is the nearshore city of the year and the leading contact centre location in the English-speaking Caribbean, 2018

Jamaica is the third largest English-speaking country in the Western Hemisphere

Jamaica's workforce is known globally for its creative and enterprising spirit

Jamaica boasts a cost-competitive workforce

Adult literacy rate is 91.7% — Economic and Social Survey Jamaica 2021