The Most Honourable Andrew Michael Holness was first elected as Member of Parliament (MP) to represent the Constituency of West Central St. Andrew in 1997, at the age of 25. Now in his fourth consecutive term as MP, Mr. Holness became Jamaica’s ninth Prime Minister after the Jamaica Labour Party defeated the People’s National Party at the polls on February 25, 2016. Mr. Holness has pledged to build real partnerships with the Private Sector, Civil Society, the Diaspora, the Opposition and International Partners in order to achieve the vision of shared prosperity for all Jamaicans through inclusive economic growth and meaningful job creation. Read More...
“Serving Jamaica continues to be my greatest privilege.”
March 2016 | June 2023 | |
---|---|---|
Unemployment Rate | 13.7% | 6.6%
(latest available July 2022)
|
Poverty Prevalence Rate | 21.2% | 11.0%
(latest available July 2019)
|
Minimum Wage | J$6,200 (US$51) per week | J$13,000 (US$85.65) per week |
Minimum NIS Pension | J$1,400 (US$11.50) per week | J$3,000 (US$19.77) per week |
Past 12-Months Currency Movement | Depreciation of 5.4% | Depreciation of 1.8% |
Net International Reserves | US$2.3 billion | US$4.2 billion |
Debt to GDP | 120% | 78% |
Debt Service to Budget | As high as 60% | 28% |