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| Jamaican Statistics
The year 2004 saw marked improvements in most of the countries’ key statistical indicators, whilst others deteriorated. The Government had revenues of JMD$171.54 B in 2004 and increase of J$21.65B. On the expenditure side the Jamaican Government spent J$20.76B more than the previous year, which resulted in a decrease in the fiscal deficit of J$89M. This decrease in the fiscal deficit continues a trend over the last four years, and also keeps the country on track to achieving a balanced budget. For the seventh year running the Commercial Banks Weighted Loan Rates decreased from 19.3 per cent in 2003 to 17.7 per cent in 2004. Inflation also fell in 2004, dropping from 14.1 in 2003 in 2003 to 13.7 in 2004, this after five straight years of single digit inflation rates from 1998-2002. Also, in 2004 it took J$61.39 to buy US$1, on average, this after the Jamaican dollar devalued from 48.73 in 2002 to 58.24 in 2003. Overall the Jamaican economy has showed signs of improvements in
2004 with lower lending rates, lower inflation and continued improvements
in the fiscal deficit, and other key indicators trending in the
right direction. Indicators Of Fiscal Performance (J$B)
Net International Reserves (US$B)
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