The value is expected to show an annual growth rate of 4%, resulting in a market volume of US$109.90 billion by 2028. In global comparison, most real estate value will be generated in China (US$135.70 trillion in 2024)
#Jamaican#Caribbean#analytics#kingston#population
The value of the real estate market is projected to reach US$93.95 billion in 2024. Residential real estate dominates the market with a projected market volume of US$76.73 billion in 2024.
#hospital#estate#real#jamaica
Meanwhile, costs increased for housing & utilities (3% vs 0.2%) and transport (10.1% vs 9.6%), while remained steady for health (at 4.2%) and education (at 15.7%). Monthly, the CPI fell by 0.5% in March, following a 0.6% drop in February
#inflation#gdp#economy#jamaica
Additionally, prices softened for information & communication (5.3% vs 5.7%), recreation, sport & culture (4.9% vs 5.4%), restaurants & accommodation services (7.1% vs 8.2%), and personal care social protection, miscellaneous goods & services (4.1% vs 4.2%).
Persons based overseas sent US$3.13 billion in remittances to Jamaicans in 2023, which equated to a 2%, or the largest slide in at least a decade, according to Bank of Jamaica (BOJ) data. The decline comes within the wider growth in the region.
#Jamaica#analytics#remittances
United Oil and Gas values Jamaica's largest oil repository at J$3.5 trillion (US$23 billion). It needs to confirm the substance's oil nature and invest in ocean floor excavation for core samples.
#Jamaican#oil#offshore#investment#transformation#USA
The government has executed the digitization of 1.4 million civil registration documents. This digital repository will encompass birth, death, marriage, adoption, and deed poll records, facilitating seamless online services. #Jamaican#analytics#digital#transformation
Digital Jamaica, a €9.5M (JMD $159M) programme aimed at increasing access to and use of information and communications technologies (ICT) to support the country’s transition to a digital economy and society was launched on Tuesday (October 10, 2023).
#digital#transformation
A study showed 65% of Jamaican students are bullied, and 79% witness violence. Education Minister Fayval Williams attributes this to psychosocial issues like family problems, depression, anxiety, substance abuse, sexual abuse, and community violence in schools.
#students#UNICEF
A UNICEF 2018 study revealed that around 80% (about 300,000) of Jamaican children face physical or physiological violence as discipline. Additionally, 65% of students are bullied in school, and 79% witness violence at home or in the community. #population#child#students#pioj
Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, says persons falling within the country’s working-age range of 15 to 64 years now stand at 69.7 per cent of the overall population of 2.9 million. #Jamaica#datanalytics#population#work#pioj