july 2011 - december 2011 - bank of jamaicainternational investment position (iip) 99 balance of...

© 2012 Bank of JamaicaNethersole PlaceKingstonJamaica

Telephone: (876) 922 0750-9Fax: (876) 922 0854E-mail: [email protected]: www.boj.org.jmSSN 0572-5968

July 2011 - December 2011

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TABLE OF CONTENTS

MONETARY AUTHORITIES Monetary Survey 2 Changes in the Determinants of Money Supply 4 Monetary Authorities 6 Central Bank Assets & Liabilities 7 Monetary Base Indicators (Uses) 10 Monetary Base Indicators (Sources) 11 CURRENCY & LIQUIDITY Currency Notes Issues 13 Currency Notes Redemptions 15 Currency Notes in Circulation 17 Commercial Banks’ Clearings 18 Commercial Bank Liquid Assets 19 Commercial Bank Liquidity Ratios 20 Commercial Bank Statutory Liquidity 22

COMMERCIAL BANKS List & Number of Commercial Banks Summary of Accounts 23 Assets, Liabilities, Deposits 25 Total Loans & Advances (End of Year) 35 Total Loans & Advances (Monthly) 36 Foreign Currency Loans & Advances 37 Loans & Advances by Currency 38 Credit Card Receivables 39

OTHER FINANCIAL INSTITUTIONS List & Number of FIA Institutions Consolidated FIA Assets & Liabilities 41 Loans & Advances (End of Year) 42 Loans & Advances (Monthly) 43 FIA Instutions Consolidated Statutory Liquidity 44 List & Number of Building Societies Building Society Assets & Liabilities 46 Building Society Classifi cation of New Mortgages 47 Building Society Flow of Funds 48

Number of Credit Unions Credit Unions’ Assets & Liabilities 50 Credit Unions’ Loans & Advances 52 Credit Unions’ Savings Fund 53 Credit Unions’ Miscellaneous data 54

Number of Other Financial Corporations Other Financial Corporations Total Assets 55

INTEREST RATES Commercial Bank Current Deposit & Loan Rates 56 Commercial Bank Domestic Currency Weighted Time Deposit 58 Commercial Bank Domestic Currency Overall Weighted Deposit 59 Commercial Bank Domestic Currency Weighted Loan 60 Commercial Bank Foreign Currency Weighted Time Deposit 61 Commercial Bank Foreign Currency Overall Weighted Deposit 62 Commercial Bank Foreign Currency Weighted Loan 63

Vol. XLIII No. VII-XII

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TABLE OF CONTENTS (Cont’d)

INTEREST RATES FIA Domestic Currency Weighted Time Deposits 65 FIA Domestic Currency Weighted Deposits 66 FIA Domestic Currency Weighted Loans 67 FIA Foreign Currency Weighted Time Deposits 68 FIA Foreign Currency Overall Weighted Deposits 69 FIA Foreign Currency Weighted Loans 70

Building Society Foreign Currency Weighted Time Deposit 72 Building Society Foreign Currency Overall Weighted Deposit 73 Building Society Foreign Currency Weighted Loan 74 Building Society Domestic Currency Weighted Time Deposit 75 Building Society Domestic Currency Overall Weighted Deposit 76 Building Society Domestic Currency Weighted Loan 77

MONEY & CAPITAL MARKETS Government of Jamaica Treasury Bills - Issued & Outstanding 79 Holders of Government of Jamaica Treasury Bills 80 Bank of Jamaica Open-Market Operations 82 Corporate Securities - New Issues 83 Stock Exchange Index 84 Stock Exchange Activities 85

EXTERNAL SECTOR International Reserves 87 Balance of Visible Trade 88 Value of Exports by Sections of the SITC 90 Value of Imports by Sections of the SITC 91 Foreign Direct Investments (FDI) 93 Tourism - Visitor Statistics 96 Tourism - Visitors by Length of Stay 97 International Investment Position (IIP) 99 Balance of Payments 100 CARICOM Countries’ Foreign Reserves 101 Combined Foreign Exchange Flows of Authorised Dealers & Cambios 102 Selected US Dollar Exchange Rates 103 Foreign Currency Accounts 104 Private Sector Transfers (Including Remittances) 105

PUBLIC FINANCE & DEBT Central Government’s Fiscal Operations 107 National (Internal) Debt 109 Direct External Debt 110 Government Guaranteed External Debt 111 Medium & Long-Term Public & Publicly Guaranteed External Debt 112 Medium & Long-Term Public & Publicly Guaranteed External Debt (creditor categories) 113 Debt & Debt Service Indicators 115

PRICES & PRODUCTION Infl ation Rates: All Jamaica (Point to Point) 116 Infl ation Rates: Annual Comparative Rates 118

Consumer Price Indices: Percentage Changes 119 Consumer Price Indices: All Jamaica 122 Consumer Price Indices: Greater Kingston Metropolitan Area 123 Consumer Price Indices: Other Urban Towns 124 Consumer Price Indices: Rural Areas 125

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TABLE OF CONTENTS (Cont’d)

PRICES & PRODUCTION Production of Selected Commodities 127 GDP by Industrial Sectors at Constant Prices: Rate of Growth 129 GDP by Industrial Sectors at Constant Prices: Percentage Contribution 130 GDP by Industrial Sectors in Producers’ Values at Constant Prices 131 GDP by Industrial Sectors Producers’ Values at Current Prices 132 Per Capita GDP Indicators 133

OTHER Instalment Credit: Credit Outstanding 134 Instalment Credit: New Business 135 Housing Units Started & Completed by Major Institutions 137 Number & Value of Mortgages by Major Institutions 139 Selected Demographic Indicators 141

APPENDICES Daily Movements in the J$ to US$ Exchange Rate 142

Monthly Weighted Average Selling Exchange Rates – USD, CAD, GBP 146 Monthly Weighted Average Buying Exchange Rates – USD, CAD, GBP 148 Annual Average Exchange Rate – US $ 149

Monetary Policy Developments – Liquid Assets and Cash Reserves 150 Monetary Policy Developments – Bank & Savings Interest Rates 152 Monetary Policy Developments – Foreign Exchange Management & Rates 153 Monetary Policy Developments – Other 155

Balance of Payments Methodology 156

NOTES Explanatory Notes to Statistical Tables Monetary Authorities 158 Currency & Liquidity 160 Commercial Banks 163 Other Financial Institutions 164 Interest Rates 166 Monetary & Capital Markets 167 External Sector 169 Public Finance & Debt 172 Prices & Production 173 Other 175

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LIST OF CHARTS & GRAPHS

MONETARY AUTHORITIES Monetary Survey (Local & Foreign Currency) 1 Monetary Survey (Local Currency Items only) 1 Base Money Indicators (Sources of Funds) 9 Base Money Indicators (Uses of Funds) 9

CURRENCY & LIQUIDITY Currency Notes Issue 12 Currency Notes Redemption 14 Currency Notes in Circulation 16

Commercial Banks’ Statutory Liquidity 21

COMMERCIAL BANKS Assets 24 Liabilities 24 Deposits by Customer 27 Deposits by Type 27 Time Deposits by Maturity 29 Deposits by Currency 32 Loans by Category 34 Loans by Currency 34

OTHER FINANCIAL INSTITUTIONS FIA Institutions’ Loans & Advances 40 Building Societies’ Deposits & Loans 45 Credit Unions’ Deposits & Loans 49

INTEREST RATES Commercial Bank Domestic Currency Weighted Deposits & Loans 57 FIA Institutions Domestic Currency Weighted Deposits & Loans 64 Building Society Domestic Currency Weighted Deposits & Loans 71

MONEY & CAPITAL MARKETS Treasury Bill Yields 78 Holders of GOJ Treasury Bills (at End-December 2011) 78 BOJ Open-Market Operations 81

EXTERNAL SECTOR International Reserves 86 Value of Imports & Exports by Sections of the SITC 89 Foreign Direct Investment (FDI) Infl ows & Outfl ows 92 FDI Infl ows by Sector (December 2011) 94 International Investment Positition (IIP) 98

PUBLIC FINANCE & DEBT Central Government’s Revenue & Expenditure 106 National Internal Debt 108 National External Debt 108 Annual Debt to GDP Ratios 114

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LIST OF CHARTS & GRAPHS

PRICES & PRODUCTION Comparative Annual Infl ation Rates 117 Proportion of Goods & Services that Comprise the CPI Basket 120 Annual Percentage Contribution to Infl ation 121

Average Annual Production of Selected Commodities 126 GDP Rate of Growth 128

OTHER Housing Starts 136 Housing Completions 136 Number of Mortgages by Major Institutions 138 Value of Mortgages by Major Institutions 138 Mean Population & Labor Force 140 Mean Unemployment Rates 140

EXCHANGE RATES Monthly US, CAN, GBP Weighted selling exchange rates 145 Monthly US, CAD, GBP Weighted selling exchange rates 147

Monetary Authorities Tables 1 to 5

Table Page

Table 1a Monetary Survey (Local & Foreign Currency Items) 2 Table 1b Monetary Survey (Local Currency Items Only) 3 Table 2a Changes in the Determinants of Money Supply 4 Table 2b Changes in the Determinants of Money Supply 5 Table 3 Monetary Authorities Accounts 6 Table 4a Central Bank Assets 7 Table 4b Central Bank Liabilities 8 Table 5a Monetary Base Indicators (Uses of Funds) 10 Table 5b Monetary Base Indicators (Sources of Funds) 11

For more historical or current data, please see Statistics page of the Bank of Jamaica website www.boj.org.jm

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Figure 1a

Figure 1b

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Dec

-99

Dec

-00

Dec

-01

Dec

-02

Dec

-03

Dec

-04

Dec

-05

Dec

-06

Dec

-07

Dec

-08

Dec

-09

Dec

-10

Dec

-11

J$M

n

Monetary Survey(Local & Foreign Currency Items)

Net Foreign Assets Domestic Credit Money Supply (M1) Money Supply (M2) Other Items (net)

0

50,000

100,000

150,000

200,000

250,000

300,000

Dec

-99

Dec

-00

Dec

-01

Dec

-02

Dec

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-04

Dec

-05

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-06

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-07

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-08

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-09

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Dec

-11

J$M

n

Monetary Survey(Local Currency Items only)

Net Foreign Assets Domestic Credit Money Supply (M1) Money Supply (M2) Other Items (net)

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Table 1aMONETARY SURVEY 1/

J$Mn.

End of Period

ForeignAssets

(net)To Public

Sector (net)To Private

Sector

To OtherFinancial

Institutions(net) Total

Currencywith the

Public

DemandDeposits

(adj.) TotalTime

DepositsSavings

Deposits TotalOther Items

(net) 1/

2010Jan. 184,419.8 194,309.8 206,003.6 -21,861.4 378,452.0 40,565.1 66,480.9 107,046.0 57,096.3 168,910.2 226,006.6 229,819.3Feb. 198,304.2 172,453.9 203,801.0 -20,086.9 356,167.9 40,772.4 66,205.7 106,978.2 56,415.8 173,488.4 229,904.2 217,589.8Mar. 212,604.8 138,151.6 206,544.4 -14,719.0 329,977.0 40,517.6 60,865.3 101,382.9 54,404.5 171,372.3 225,776.7 215,422.2Apr. 215,406.3 144,866.5 205,680.5 -17,895.1 332,651.9 41,031.1 62,744.0 103,775.1 57,557.4 172,135.5 229,692.9 214,590.1May 209,332.6 143,422.8 208,721.9 -19,722.2 332,422.5 41,087.0 61,550.0 102,636.9 58,866.9 172,675.5 231,542.5 207,575.7Jun. 206,936.8 128,149.6 206,534.3 -16,315.2 318,368.8 40,478.8 62,331.6 102,810.4 59,361.3 169,395.0 228,756.3 193,738.8Jul. 201,387.4 128,032.2 208,199.3 -16,331.0 319,900.5 41,882.9 62,091.6 103,974.6 56,628.0 172,374.3 229,002.2 188,311.1Aug. 215,840.5 152,406.4 208,492.4 -20,506.1 340,392.8 40,855.9 66,783.4 107,639.3 57,223.7 171,243.4 228,467.1 220,126.9Sep. 223,105.8 143,554.7 209,106.2 -19,445.5 333,215.4 40,396.9 64,420.8 104,817.7 53,274.1 170,506.6 223,780.7 227,722.8Oct. 222,470.7 131,246.9 208,988.4 -23,651.8 316,583.5 41,853.4 60,820.2 102,673.6 54,515.7 170,263.4 224,779.1 211,601.4Nov. 219,754.6 135,098.4 208,771.1 -24,167.8 319,701.8 40,923.1 63,397.7 104,320.9 55,721.2 170,307.3 226,028.5 209,107.0Dec. 239,789.5 132,266.2 208,991.0 -24,014.5 317,242.8 48,476.7 63,757.7 112,234.4 54,141.4 171,288.6 225,430.1 219,367.8

2011Jan. 238,828.0 128,116.6 206,998.7 -20,885.8 314,229.4 43,841.6 65,510.8 109,352.4 54,987.0 171,667.3 226,654.3 217,050.7Feb. 271,402.7 134,498.3 209,976.5 -25,190.9 319,284.0 44,191.4 68,147.3 112,338.7 56,330.1 171,632.8 227,962.9 250,385.1Mar. 280,130.5 117,030.3 211,875.4 -21,768.7 307,137.0 43,411.2 63,475.8 106,887.0 54,183.5 171,757.6 225,941.2 254,439.3Apr. 289,193.2 116,261.4 213,149.6 -23,732.4 305,678.6 46,189.6 66,050.6 112,240.2 54,817.6 176,278.5 231,096.0 251,535.7May 253,557.8 118,284.0 215,517.4 -22,715.3 311,086.1 43,546.3 65,640.4 109,186.7 55,741.0 177,569.7 233,310.7 222,146.4Jun. 247,279.4 121,478.3 214,212.1 -20,167.6 315,522.8 44,356.6 66,732.8 111,089.4 53,675.8 176,887.0 230,562.8 221,150.1Jul. 240,685.2 122,755.2 215,183.7 -19,041.0 318,898.0 46,271.7 62,874.3 109,146.0 54,468.8 172,449.2 226,918.1 223,519.1Aug. 241,646.0 115,882.4 216,899.8 -18,969.0 313,813.2 45,641.4 67,075.9 112,717.3 55,095.5 173,399.2 228,494.7 214,247.1Sep. 236,986.1 108,986.6 219,151.7 -19,141.7 308,996.6 44,720.9 60,830.7 105,551.6 53,429.0 173,349.5 226,778.5 213,652.6Oct. 226,846.7 132,688.9 220,800.8 -17,495.0 335,994.7 44,631.9 65,192.2 109,824.1 53,691.5 172,498.8 226,190.2 226,827.0Nov. 227,163.9 127,308.8 226,365.6 -17,796.4 335,878.0 45,261.2 66,209.0 111,470.2 54,495.8 173,385.2 227,881.0 223,690.8Dec. 229,185.1 128,952.9 235,446.5 -19,307.9 345,091.5 52,853.8 67,716.0 120,569.9 55,297.9 175,550.8 230,848.7 222,858.1

1/ Assets and Liabilities include Local & Foreign Currency items.

QUASI-MONEYMONEY SUPPLYDOMESTIC CREDIT

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Table 1b

J$Mn.

End of Period

ForeignAssets (net)

To PublicSector (net)

To PrivateSector

To OtherFinancial

Institutions(net) Total

Currencywith the

Public

DemandDeposits

(adj.) TotalTime

DepositsSavings

Deposits TotalOther Items

(net) 1/

2010Jan. 184,419.8 175,771.0 118,679.3 -12,731.7 281,718.7 40,565.1 53,593.6 94,158.6 28,108.7 93,687.2 121,795.9 250,184.1Feb 198,304.2 154,547.7 119,864.7 -11,956.4 262,456.1 40,772.4 53,716.5 94,488.9 27,255.4 95,851.9 123,107.3 243,164.0Mar 212,604.8 124,903.0 121,628.2 -10,810.8 235,720.5 40,517.6 49,333.4 89,851.1 26,340.8 94,185.2 120,526.0 237,948.2Apr. 215,406.3 128,490.6 123,692.7 -11,275.2 240,908.1 41,031.1 52,818.7 93,849.8 27,808.3 96,040.1 123,848.4 238,616.2May. 209,332.6 128,801.9 126,728.9 -13,198.5 242,332.3 41,087.0 51,426.4 92,513.4 30,230.2 96,684.7 126,914.9 232,236.6Jun. 206,936.8 117,218.2 130,015.7 -13,266.3 233,967.6 40,478.8 52,595.4 93,074.2 28,933.7 96,644.5 125,578.2 222,252.0Jul. 201,387.4 115,247.7 131,901.7 -12,065.5 235,083.9 41,882.9 52,532.0 94,414.9 29,271.4 97,931.4 127,202.8 214,853.6Aug 215,840.5 137,354.9 133,385.8 -16,238.1 254,502.5 40,855.9 57,635.1 98,491.0 30,415.7 96,668.5 127,084.2 244,767.8Sep 223,105.8 132,208.4 135,018.0 -14,463.8 252,762.6 40,396.9 55,047.9 95,444.8 28,531.8 97,410.3 125,942.1 254,481.4Oct 222,470.7 119,902.6 135,333.7 -18,712.0 236,524.2 41,853.4 51,441.1 93,294.5 28,262.8 97,791.2 126,054.0 239,646.3Nov 219,754.6 122,873.9 134,728.3 -20,067.4 237,534.8 40,923.1 54,334.9 95,258.0 29,493.6 96,926.7 126,420.4 235,611.0Dec 239,789.5 121,386.7 134,998.3 -20,653.4 235,731.6 48,476.7 54,775.5 103,252.2 28,682.5 98,297.4 126,979.9 245,289.0

2011Jan. 238,828.0 116,519.2 134,541.4 -15,555.2 235,505.4 43,841.6 55,000.2 98,841.8 29,057.6 97,738.8 126,796.4 248,695.2Feb 271,402.7 123,070.5 136,393.8 -24,061.0 235,403.3 44,191.4 57,427.8 101,619.2 30,513.9 99,585.0 130,098.9 275,087.8Mar 280,130.5 108,846.1 137,900.1 -14,957.8 231,788.5 43,411.2 54,037.5 97,448.7 29,621.4 98,612.2 128,233.6 286,236.7Apr. 289,193.2 113,422.8 139,375.2 -17,291.0 235,507.0 46,189.6 58,738.4 104,928.0 30,347.6 101,463.4 131,811.0 287,961.3May. 253,557.8 105,144.7 141,573.6 -13,293.7 233,424.6 43,546.3 57,070.1 100,616.4 30,340.9 100,102.0 130,442.9 255,923.1Jun. 247,279.4 110,760.7 140,768.1 -12,930.0 238,598.9 44,356.6 57,863.1 102,219.8 29,961.1 100,729.3 130,690.4 252,968.1Jul. 240,685.2 114,971.3 143,413.1 -12,267.4 246,117.0 46,271.7 54,344.7 100,616.5 29,948.6 100,919.8 130,868.5 255,317.2Aug 241,646.0 111,222.7 144,843.9 -14,021.0 242,045.6 45,641.4 58,698.3 104,339.7 30,992.3 100,336.8 131,329.1 248,022.9Sep 236,986.1 111,224.0 148,107.9 -13,527.1 245,804.7 44,720.9 53,246.2 97,967.1 29,593.7 100,001.0 129,594.7 255,229.0Oct 226,846.7 130,303.6 148,365.2 -13,914.8 264,754.0 44,631.9 57,321.5 101,953.4 29,700.4 100,139.3 129,839.7 259,807.5Nov 227,163.9 129,916.5 153,943.5 -14,373.4 269,486.6 45,261.2 58,307.9 103,569.1 29,401.9 99,967.6 129,369.5 263,712.0Dec 229,185.1 131,346.8 157,852.6 -13,608.7 275,590.8 52,853.8 59,903.6 112,757.5 29,454.6 102,807.9 132,262.6 259,755.8

1/ Include Local Currency items only.

DOMESTIC CREDIT MONEY SUPPLY 1/ QUASI-MONEY 1/

MONETARY SURVEY

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Table 2a

J$Mn.Foreign Credit to Credit to Other Other

End of Assets Public Private Financial Quasi- Items MoneyPeriod (net) Sector Sector Institutions Money (net) Supply

2009Jan. 6,588.5 -2,280.0 6,881.2 -2,505.3 -7,394.0 -7,402.9 -6,112.6Feb. 3.4 -4,666.9 40.9 -3,398.9 393.1 8,542.4 913.9Mar. -2,543.3 3,317.1 -522.3 4,743.3 -853.7 -2,260.4 1,880.7Apr. 10,392.5 6,653.9 253.7 -7,075.3 -2,557.2 -4,303.3 3,364.3May 2,302.1 4,792.0 -1,074.6 1,694.0 -1,002.5 -7,060.6 -349.5Jun. -7,232.7 587.9 522.5 2,476.1 3,851.7 -1,123.5 -918.0Jul. 4,643.9 -2,832.1 -337.8 -5,152.5 -2,345.6 2,917.5 -3,106.6Aug. 26,367.7 6,941.6 272.0 -1,258.2 3,112.5 -31,341.2 4,094.4Sep. -99,324.3 -39,803.8 -43,384.7 17,337.3 382.3 165,415.3 622.0Oct. 100,265.0 41,846.2 42,393.8 -15,694.5 -2,193.2 -166,717.7 -100.4Nov. -2,233.1 3,584.7 -3,951.9 -1,489.9 -3,025.8 6,247.7 -868.4Dec. -7,598.6 15,196.2 785.6 3,838.9 482.5 -4,403.4 8,301.2

2010Jan. -6,343.6 16,743.1 -3,474.3 -6,743.0 -1,814.3 6,179.2 4,547.2Feb. 13,884.4 -21,855.9 -2,202.7 1,774.5 -3,897.6 11,906.9 -390.3Mar. 14,300.6 -34,302.3 2,743.4 5,367.9 4,127.4 3,618.6 -4,144.3Apr. 2,801.5 6,714.9 -863.9 -3,176.1 -3,916.2 -106.5 1,453.7May -6,073.7 -1,443.7 3,041.4 -1,827.0 -1,849.6 7,748.6 -404.1Jun. -2,395.8 -15,273.2 -2,187.5 3,407.0 2,786.1 13,638.4 -24.9Jul. -5,549.3 -117.4 1,664.9 -15.8 -245.9 5,069.9 806.3Aug. 14,453.1 24,374.2 293.2 -4,175.1 535.1 -30,853.5 4,627.0Sep. 7,265.2 -8,851.7 613.8 1,060.6 4,686.5 -7,346.2 -2,571.9Oct. -635.1 -12,307.8 -117.8 -4,206.3 -998.5 14,728.6 -3,536.9Nov. -2,716.1 3,851.5 -217.3 -516.0 -1,249.4 3,410.4 1,647.1Dec. 20,034.8 -2,832.2 219.9 153.3 598.5 -8,448.8 9,725.5

2011Jan. -961.5 -4,149.7 -1,992.3 3,128.7 -1,224.3 592.7 -4,606.4Feb. 32,574.7 6,381.8 2,977.8 -4,305.0 -1,308.5 -34,169.2 2,151.5Mar. 8,727.9 -17,468.0 1,898.9 3,422.2 2,021.7 -2,829.8 -4,227.2Apr. 9,062.7 -768.9 1,274.3 -1,963.8 -5,154.9 2,359.0 4,808.5May -35,635.5 2,022.6 2,367.8 1,017.1 -2,214.7 29,931.0 -2,511.7Jun. -6,278.4 3,194.4 -1,305.3 2,547.7 2,748.0 630.3 1,902.7Jul. -6,594.2 1,276.9 971.6 1,126.7 3,644.7 -2,789.1 -2,363.4Aug. 960.9 -6,872.9 1,716.1 71.9 -1,576.7 10,453.2 4,752.5Sep. -4,659.9 -6,895.8 2,251.9 -172.6 1,716.2 -525.1 -8,285.4Oct. -10,139.5 23,702.3 1,649.1 1,646.7 588.3 -13,050.3 4,396.6Nov. 317.2 -5,380.0 5,564.8 -301.4 -1,690.8 3,837.9 2,347.7Dec. 2,021.2 1,644.0 9,081.0 -1,511.5 -2,967.7 3,628.1 11,895.1

1/ Refer to Table 1a

CHANGES IN THE DETERMINANTS OF MONEY SUPPLY (M1) 1/

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Table 2b

J$Mn.Foreign Credit to Credit to Other Other

End of Assets Public Private Financial Quasi- Items MoneyPeriod (net) Sector SectorInstitutions Money (net) Supply

2009Jan. 6,588.5 -1,213.1 324.7 -395.5 414.5 -12,501.9 -6,782.8Feb. 3.4 -4,417.6 -7,752.2 -1,820.6 -414.1 14,450.6 49.5Mar. -2,543.3 -2,847.2 6,095.6 -411.6 2,234.5 -1,299.5 1,228.4Apr. 10,392.5 8,193.6 -80.2 -1,803.6 -2,620.9 -10,928.8 3,152.5May 2,302.1 6,059.9 -657.4 308.9 420.3 -8,089.9 344.0Jun. -7,232.7 1,763.1 1,088.1 -1,646.2 1,843.6 3,926.9 -257.3Jul. 4,643.9 -6,003.5 788.1 -51.2 -53.8 -3,090.8 -3,767.3Aug. 26,367.7 6,563.5 -1,100.8 -1,199.0 627.0 -26,855.0 4,403.5Sep. -99,324.3 -15,972.1 34,854.1 -2,085.8 -1,802.8 85,960.8 1,630.0Oct. 100,265.0 21,030.4 -34,929.4 2,260.9 -989.3 -88,202.5 -565.0Nov. -2,233.1 1,011.4 -1,788.3 -521.8 373.2 2,176.6 -982.1Dec. -7,598.6 16,545.9 -22.5 1,733.2 463.0 -2,999.9 8,121.1

2010Jan. -6,343.6 13,787.0 783.2 -2,260.4 -2,725.7 -6,674.4 -3,433.8Feb. 13,884.4 -21,223.3 1,185.4 775.2 -1,311.5 7,020.0 330.3Mar. 14,300.6 -29,644.7 1,763.5 1,145.6 2,581.4 5,215.8 -4,637.9Apr. 2,801.5 3,587.6 2,064.5 -464.4 -3,322.4 -668.0 3,998.8May -6,073.7 311.2 3,036.2 -1,923.3 -3,066.4 6,379.6 -1,336.4Jun. -2,395.8 -11,583.7 3,286.8 -67.8 1,336.6 9,984.6 560.8Jul. -5,549.3 -1,970.5 1,886.0 1,200.8 -1,624.6 7,398.4 1,340.7Aug. 14,453.1 22,107.2 1,484.1 -4,172.6 118.6 -29,914.2 4,076.1Sep. 7,265.2 -5,146.4 1,632.2 1,774.4 1,142.1 -9,713.6 -3,046.2Oct. -635.1 -12,305.9 315.7 -4,248.2 -111.9 14,835.1 -2,150.3Nov. -2,716.1 2,971.3 -605.4 -1,355.4 -366.4 4,035.3 1,963.5Dec. 20,034.8 -1,487.2 270.1 -586.1 -559.5 -9,678.0 7,994.2

2011Jan. -961.5 -4,867.6 -456.9 5,098.3 183.4 -3,406.1 -4,410.4Feb. 32,574.7 6,551.3 1,852.3 -8,505.8 -3,302.5 -26,392.7 2,777.4Mar. 8,727.9 -14,224.3 1,506.3 9,103.2 1,865.3 -11,148.9 -4,170.5Apr. 9,062.7 4,576.7 1,475.1 -2,333.2 -3,577.4 -1,724.6 7,479.3May -35,635.5 -8,278.1 2,198.4 3,997.3 1,368.1 32,038.2 -4,311.6Jun. -6,278.4 5,616.0 -805.4 363.7 -247.5 2,955.0 1,603.4Jul. -6,594.2 4,210.6 2,645.0 662.5 -178.1 -2,349.1 -1,603.3Aug. 960.9 -3,748.6 1,430.7 -1,753.6 -460.6 7,294.3 3,723.2Sep. -4,659.9 1.2 3,264.0 493.9 1,734.4 -7,206.2 -6,372.6Oct. -10,139.5 19,079.6 257.3 -387.7 -245.0 -4,578.5 3,986.3Nov. 317.2 -387.1 5,578.4 -458.7 470.3 -3,904.5 1,615.6Dec. 2,021.2 1,430.3 3,909.1 764.8 -2,893.1 3,956.2 9,188.4

1/ Refer to Table 1b

CHANGES IN THE DETERMINANTS OF MONEY SUPPLY (M1) 1/

~ 6 ~ Table 3MONETARY AUTHORITIES ACCOUNTS

J$Mn.

Claims on Currency Currency OtherEnd of Bank of Central Central With the Holdings by Bankers Govt. Open-Market Other ItemsPeriod Jamaica Govt. Govt. Public Comm. Banks Deposits * Total Deposits Operations Deposits * (net)

2010Jan. 141,942.2 129.9 129,790.3 40,565.1 5,319.1 73,609.3 119,493.6 7,996.5 115,303.9 5,256.1 23,812.3Feb. 148,216.5 134.7 122,315.1 40,772.4 4,996.6 70,222.3 115,991.4 22,047.9 107,973.7 10,596.4 14,056.9Mar. 160,632.8 138.2 101,398.9 40,517.6 6,447.5 61,722.6 108,687.8 11,728.1 121,349.2 4,849.1 15,555.8Apr. 157,714.3 78.3 96,690.9 41,031.1 5,509.0 58,233.6 104,773.8 12,585.5 117,930.1 4,724.6 14,469.5May 151,360.0 102.2 97,131.0 41,087.0 6,243.2 58,673.6 106,003.8 7,221.5 122,128.6 3,990.8 9,248.4Jun. 151,602.1 104.7 93,928.6 40,478.8 6,044.8 58,103.3 104,626.9 21,185.7 110,710.8 3,287.0 5,824.9Jul. 148,676.7 101.9 96,395.0 41,882.9 5,687.0 56,560.1 104,130.0 29,940.0 100,349.6 4,227.1 6,527.0Aug. 171,372.8 73.5 95,654.8 40,855.9 6,649.2 56,394.7 103,899.8 5,673.3 138,497.9 9,777.1 9,253.0Sep. 170,629.9 77.6 92,707.6 40,396.9 6,898.9 51,922.4 99,218.2 6,136.8 136,206.2 10,363.6 11,490.3Oct. 170,693.0 78.3 90,598.8 41,853.4 5,506.1 49,309.4 96,668.9 14,053.1 129,798.6 9,917.9 10,931.5Nov. 164,661.1 83.6 90,790.4 40,923.1 6,422.0 49,142.0 96,487.2 6,287.8 129,121.0 10,854.6 12,784.5Dec. 186,755.3 44.6 89,587.4 48,476.7 8,234.0 47,522.4 104,233.2 6,059.8 129,180.1 24,269.7 12,644.6

2011Jan. 180,352.9 84.4 89,199.6 43,841.6 6,509.6 44,425.8 94,777.0 20,279.0 114,288.6 26,285.4 14,006.9Feb. 214,238.6 85.1 88,517.7 44,191.4 5,674.7 43,704.2 93,570.3 6,518.3 147,916.7 39,209.0 15,627.1Mar. 221,795.3 90.3 89,598.5 43,411.2 6,899.2 44,372.8 94,683.3 13,683.1 143,694.0 43,363.5 16,060.2Apr. 227,378.5 54.7 89,322.6 46,189.6 6,354.6 44,324.2 96,868.3 10,025.4 151,535.5 43,348.1 14,978.3May 203,487.6 56.4 91,046.3 43,546.3 6,896.3 44,423.0 94,865.5 23,209.7 143,873.5 15,794.0 16,847.6Jun. 197,878.7 94.1 92,881.2 44,356.6 6,530.2 45,581.2 96,468.0 24,532.1 135,415.3 16,170.0 18,268.7Jul. 189,303.8 94.5 93,112.4 46,271.7 6,110.1 42,899.7 95,281.5 18,618.9 129,586.4 20,601.6 18,422.4Aug. 187,788.9 96.2 92,977.2 45,641.4 7,291.4 44,700.0 97,632.7 21,235.9 126,386.2 16,814.7 18,792.8Sep. 178,821.9 91.6 93,239.5 44,720.9 6,171.7 45,310.4 96,203.1 20,189.8 121,500.5 19,282.5 14,977.1Oct. 175,905.8 98.5 93,239.2 44,631.9 6,295.8 45,327.2 96,254.9 12,155.2 117,072.8 29,022.9 14,737.8Nov. 168,840.1 97.6 93,468.2 45,261.2 6,997.5 44,955.2 97,213.8 12,258.0 110,137.3 28,701.7 14,095.0Dec. 168,550.9 70.2 92,988.1 52,853.8 9,792.9 44,996.4 107,643.1 8,774.3 98,899.8 32,874.9 13,417.2

* Bankers and Other Deposits adjusted for reclassification of Open Market Operations data

R E S E R V E M O N E Y FOREIGN ASSETS (NET)

~ 7 ~

Table 4a

J$Mn.

End of Period

Current A/c& ForeignCurrency

TimeDeposits Securities Other*

Holdingsof SDRs Total

Ja. Govt.Treasury

BillsOther

SecuritiesOtherAssets Total

2010Jan. 16,006.2 73,631.6 0.0 23,169.9 29,383.5 142,191.1 4.0 129,916.2 30,993.0 303,104.3Feb. 30,785.8 125,097.7 0.0 18,592.7 29,079.4 203,555.5 2.6 122,447.3 40,715.3 366,720.6Mar. 25,615.4 144,661.9 0.0 16,629.4 29,079.4 215,986.1 0.6 101,536.6 38,205.8 355,729.1Apr. 27,534.6 141,258.0 0.0 15,236.3 29,079.1 213,108.0 0.6 96,768.5 34,963.8 344,841.0May 15,729.0 148,558.4 0.0 13,356.0 29,228.0 206,871.4 0.7 97,232.5 36,097.4 340,202.0Jun. 31,550.9 142,367.6 0.0 12,980.5 29,198.1 216,097.0 0.0 94,033.3 32,134.0 342,264.3Jul. 26,307.1 144,495.5 0.0 13,130.6 29,198.1 213,131.2 0.0 96,496.9 32,074.7 341,702.8Aug. 49,419.6 144,382.9 0.0 13,072.1 29,004.9 235,879.5 0.5 95,727.8 27,948.2 359,555.9Sep. 50,097.4 147,199.3 0.0 13,143.7 28,989.9 239,430.3 0.5 92,784.7 26,842.6 359,058.1Oct. 49,541.2 147,790.5 0.0 13,145.6 28,989.9 239,467.3 0.0 90,677.1 26,445.5 356,589.9Nov. 20,172.3 171,226.1 0.0 13,247.7 28,763.0 233,409.2 0.0 90,874.0 25,858.9 350,142.1Dec. 19,357.2 194,189.1 0.0 13,197.3 28,763.0 255,506.6 0.0 89,632.0 26,139.3 371,277.9

2011Jan. 16,438.6 194,470.1 0.0 13,184.2 28,748.0 252,840.9 0.0 89,199.6 35,047.4 377,087.9Feb. 26,064.1 218,946.5 0.0 13,257.1 28,460.0 286,727.7 0.2 88,517.4 33,804.5 409,049.8Mar. 16,675.5 235,874.2 0.0 13,258.3 28,460.0 294,268.0 0.3 89,598.2 34,758.6 418,625.2Apr. 17,091.8 241,087.6 0.0 13,274.2 28,460.0 299,913.6 0.3 89,322.3 35,299.0 424,535.3May 24,765.6 208,772.4 0.0 13,292.8 29,096.0 275,926.8 0.0 91,046.3 33,372.8 400,346.0Jun. 17,852.7 210,100.8 0.0 13,323.8 29,096.0 270,373.4 0.0 92,881.2 33,796.0 397,050.6Jul. 19,866.5 199,424.3 0.0 13,395.2 29,096.0 261,782.1 0.0 93,112.4 34,481.1 389,375.7Aug. 23,062.5 194,974.9 0.0 13,445.9 28,790.7 260,274.0 0.0 92,977.2 33,293.5 386,544.8Sep. 15,971.4 195,984.4 0.0 13,416.4 28,790.7 254,163.0 0.3 93,239.2 33,666.5 381,068.9Oct. 15,676.1 193,377.0 0.0 13,454.3 28,790.7 251,298.1 0.0 93,239.2 34,021.0 378,558.4Nov. 22,804.5 179,471.3 0.0 13,456.9 28,527.4 244,260.1 0.0 93,468.2 33,672.1 371,400.3Dec. 36,168.6 165,795.2 0.0 13,433.5 28,527.4 243,924.7 0.1 92,988.0 34,058.6 370,971.4

L O C A LF O R E I G N

CENTRAL BANKMonthly Summary of Assets

~ 8 ~

Table 4b

J$Mn.

End of Period Notes Coins Total Bankers Govt.

OpenMarket

Operations Other++ TotalAllocation

of SDRsCapital &Reserves

OtherReserves

ForeignLiabilities

OtherLiabilities Total

2010Jan. 43,999.7 1,977.0 45,976.7 73,609.3 7,996.5 115,303.9 5,256.1 202,165.8 34,786.0 24.0 6,996.3 248.9 12,906.5 303,104.3Feb. 43,878.0 1,989.9 45,867.9 70,222.3 22,047.9 107,973.7 10,596.4 210,840.3 34,786.0 24.0 5,744.5 55,339.1 14,118.8 366,720.6Mar. 45,073.3 1,985.4 47,058.7 61,722.6 11,728.1 121,349.2 4,849.1 199,649.0 34,786.0 24.0 7,759.5 55,353.3 11,098.5 355,729.1Apr. 44,611.1 2,015.5 46,626.5 58,233.6 12,585.5 117,930.1 4,724.6 193,473.7 34,786.0 24.0 8,231.6 55,393.8 6,305.3 344,841.0May 45,416.8 2,030.4 47,447.2 58,673.6 7,221.5 122,128.6 3,990.8 192,014.5 35,155.3 24.0 8,081.6 55,511.4 1,967.9 340,202.0Jun. 44,541.3 2,061.9 46,603.2 58,103.3 21,185.7 110,710.8 3,287.0 193,286.9 35,155.3 24.0 8,331.1 64,494.9 -5,631.1 342,264.3Jul. 45,577.0 2,075.3 47,652.3 56,560.1 29,940.0 100,349.6 4,227.1 191,076.7 35,155.3 24.0 8,635.2 64,454.5 -5,295.1 341,702.8Aug. 45,488.9 2,098.7 47,587.6 56,394.7 5,673.3 138,497.9 9,777.1 210,343.0 35,155.3 24.0 8,600.2 64,506.6 -6,660.8 359,555.9Sep. 45,278.0 2,123.6 47,401.6 51,922.4 6,136.8 136,206.2 10,363.6 204,629.0 35,155.3 24.0 9,073.2 68,800.4 -6,025.5 359,058.1Oct. 45,329.5 2,143.9 47,473.4 49,309.4 14,053.1 129,798.6 9,917.9 203,079.1 35,155.3 24.0 9,241.1 68,774.3 -7,157.3 356,589.9Nov. 45,261.2 2,171.6 47,432.8 49,142.0 6,287.8 129,121.0 10,854.6 195,405.4 35,155.3 24.0 9,439.0 68,748.1 -6,062.5 350,142.1Dec. 54,624.6 2,188.9 56,813.5 47,522.4 6,059.8 129,180.1 24,269.7 207,032.0 35,155.3 24.0 9,990.6 68,751.3 -6,488.8 371,277.9

2011Jan. 48,237.7 2,191.2 50,428.9 44,425.8 20,279.0 114,288.6 26,285.4 205,278.9 35,155.3 24.0 9,693.1 72,488.0 4,019.7 377,087.9Feb. 47,761.8 2,204.9 49,966.7 43,704.2 6,518.3 147,916.7 39,209.0 237,348.1 35,155.3 24.0 9,738.0 72,489.1 4,328.6 409,049.8Mar. 48,216.6 2,185.4 50,401.9 44,372.8 13,683.1 143,694.0 43,363.5 245,113.5 35,155.3 24.0 11,370.5 72,472.8 4,087.2 418,625.2Apr. 50,421.0 2,222.5 52,643.6 44,324.2 10,025.4 151,535.5 43,348.1 249,233.3 35,155.3 24.0 10,985.3 72,535.2 3,958.7 424,535.3May 48,271.0 2,249.7 50,520.7 44,423.0 23,209.7 143,873.5 15,794.0 227,300.1 36,280.4 24.0 11,055.1 72,439.2 2,726.4 400,346.0Jun. 48,717.7 2,265.5 50,983.3 45,581.2 24,532.1 135,415.3 16,170.0 221,698.6 36,280.4 24.0 12,945.7 72,494.7 2,624.0 397,050.6Jul. 50,178.9 2,278.9 52,457.8 42,899.7 18,618.9 129,586.4 20,601.6 211,706.6 36,280.4 24.0 13,098.0 72,478.3 3,330.6 389,375.7Aug. 50,737.4 2,305.6 53,043.1 44,700.0 21,235.9 126,386.2 16,814.7 209,136.8 36,280.4 24.0 13,036.7 72,485.1 2,538.7 386,544.8Sep. 48,670.9 2,332.2 51,003.1 45,310.4 20,189.8 121,500.5 19,282.5 206,283.2 36,280.4 24.0 13,333.6 75,341.1 -1,196.5 381,068.9Oct. 48,655.7 2,351.0 51,006.7 45,327.2 12,155.2 117,072.8 29,022.9 203,578.1 36,280.4 24.0 13,274.6 75,392.3 -997.6 378,558.4Nov. 49,973.2 2,378.0 52,351.1 44,955.2 12,258.0 110,137.3 28,701.7 196,052.2 36,280.4 24.0 12,859.5 75,420.0 -1,586.9 371,400.3Dec. 60,343.8 2,399.2 62,743.0 44,996.4 8,774.3 98,899.8 32,874.9 185,545.3 36,280.4 24.0 12,844.9 75,373.8 -1,840.0 370,971.4

++ Other Deposits decreased as a result of application of $13Bn. to pay off Finsac Debentures to BOJ. * Bankers and Other Deposits adjusted for reclassification of Open Market Operations data

D E P O S I T S *CURRENCY IN CIRCULATION

CENTRAL BANKMonthly Summary of Liabilities

~ 9 ~

Figure 5a

Figure 5b

150,000.0

100,000.0

50,000.0

0.0

50,000.0

100,000.0

150,000.0

200,000.0

Dec 08 Dec 09 Dec 10 Dec 11

J$M

n

Base Money IndicatorsSources of Funds

International Reserves Net Claims on the Public Sector Open Market OperationsNet Credit to Commercial Banks Other Net Domestic AssetsTotal Monetary Base

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

Jan 08 Jan 09 Jan 10 Jan 11

J$M

n

Base Money IndicatorsUses of Funds

Commercial Banks Statutory Cash Reserve Commercial Banks Current Account

Bank of Jamaica Net Currency Issue Total Monetary Base

~ 10 ~

Table 5a

J$Mn.

End of Period

StatutoryCash Reserve

CurrentAccount Total

CurrencyIssue

TotalMonetary

Base

2009Jan. 26,967 194 27,161 41,943 69,104Feb. 29,114 1,262 30,376 42,717 73,093Mar. 28,927 147 29,074 42,129 71,203Apr. 29,433 145 29,578 42,683 72,261May 29,543 362 29,905 43,172 73,077Jun. 29,429 62 29,491 43,208 72,699Jul. 28,862 162 29,024 44,116 73,140Aug. 28,935 210 29,145 43,931 73,076Sep. 28,552 150 28,701 43,428 72,129Oct. 29,409 306 29,715 43,239 72,954Nov. 29,691 588 30,279 43,230 73,509Dec. 29,205 55 29,260 51,856 81,116

2010Jan. 29,672 416 30,088 45,884 75,972Feb. 29,795 1,298 31,093 45,769 76,862Mar. 29,735 623 30,357 46,965 77,322Apr. 31,041 72 31,113 46,540 77,653May 30,781 2,901 33,681 47,330 81,012Jun. 30,312 922 31,234 46,524 77,758Jul. 26,701 207 26,908 47,570 74,477Aug. 26,797 819 27,616 47,505 75,121Sep. 26,660 275 26,935 47,296 74,231Oct. 27,670 36 27,706 47,360 75,065Nov. 27,419 108 27,527 47,345 74,872Dec. 27,713 669 28,382 56,711 85,093

2011Jan. 27,979 50 28,029 50,351 78,380Feb. 27,861 235 28,097 49,866 77,963Mar. 27,494 1,114 28,609 50,310 78,919Apr. 28,802 53 28,855 52,544 81,399May 28,827 89 28,915 50,443 79,358Jun. 28,914 760 29,674 50,887 80,561Jul. 28,949 113 29,062 52,382 81,443Aug. 28,692 582 29,275 52,933 82,207Sep. 29,374 212 29,587 50,893 80,479Oct. 29,231 439 29,670 50,928 80,598Nov. 28,567 471 29,038 52,259 81,297Dec. 28,823 241 29,063 62,647 91,710

BASE MONEY INDICATORS

COMMERCIAL BANKS

Use of Funds

Monetary Base is defined as Currency Issue and Commercial Banks' StatutoryCash Reserve and Current Account, and is consistent with Bank of Jamaica'sOperating Targets.

~ 11 ~

Table 5b

J$Mn.

End of Period Assets Liabilities Total

Net Claimson the Public

Sector

OpenMarket

Operations

Net Credit toCommercial

Banks Other

NetDomestic

Assets

2009Jan. 145,126 1,827 143,299 122,277 125,992 17,846 52,635 -74,195 69,104Feb. 133,881 3,826 130,055 124,207 115,519 17,771 47,878 -56,962 73,093Mar. 135,055 2,830 132,224 128,338 119,338 17,461 52,560 -61,022 71,203Apr. 139,133 4,065 135,068 135,903 124,876 17,448 56,386 -62,807 72,261May 152,547 3,778 148,769 125,790 123,775 17,662 60,044 -75,692 73,077Jun. 147,777 3,666 144,111 139,561 120,774 17,680 72,519 -71,412 72,699Jul. 150,717 3,979 146,738 131,587 111,182 17,603 76,400 -73,599 73,140Aug. 176,325 4,199 172,126 111,545 117,870 17,676 75,049 -99,050 73,076Sep. 178,628 6,589 172,039 109,214 118,503 17,783 72,838 -99,910 72,129Oct. 171,916 2,002 169,914 106,869 114,270 16,687 72,872 -96,960 72,954Nov. 162,644 2,002 160,642 116,250 112,622 16,823 73,938 -87,134 73,508Dec. 156,528 2,010 154,517 128,947 112,011 16,887 73,451 -73,401 81,116



BASE MONEY INDICATORSSources of Funds

International Reserves D o m e s t i c A s s e t sTotal

MonetaryBase

~ L ~

Currency & Liquidity Tables 7a to 9c

Table Page

Table 7a Currency Notes: Issues 13 Table 7b Currency Notes: Redemptions 15 Table 7c Currency Notes: Circulation 17 Table 8 Commercial Banks’ Clearings 18 Table 9a Commercial Banks’ Liquid Assets 19 Table 9b Commercial Banks’ Liquidity Ratios 20 Table 9c Commercial Banks’ Statutory Liquidity Ratios 22


~ 12 ~

Figure 7a

Figure 7a(i) Figure 7a(ii)

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

J$M

n.

Currency Notes Issues - 1998 to 2011

Total Currency Issues

3%

74%

18%

4% 1%0%0%0%0%0%

Currency Notes Issues - December 2011Percentage of each Domination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

0%

0%81%

14%2%

2% 1%

0%

0%

0%

Currency Notes Issues - December 1998 Percentage of each Domination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

~ 13 ~

Table 7a

J$000

End of Period $5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1 Total

2004Mar. 12,212,000 6,621,000 1,697,300 237,800 20,768,100Jun. 13,575,003 7,157,001 1,668,400 273,350 22,673,754Sep. 14,959,000 7,861,000 1,865,200 273,800 24,959,000Dec. 18,956,000 9,324,000 2,179,400 335,300 30,794,700

2005Mar. 14,570,000 7,160,000 1,548,000 260,000 23,538,000Jun. 15,680,000 7,995,000 1,963,000 289,000 25,927,000Sep. 17,240,000 8,345,000 2,064,000 298,000 27,947,000Dec. 20,720,000 9,540,000 2,456,000 364,000 33,080,000

2006Mar. 16,870,000 8,455,000 2,039,000 313,500 27,677,500Jun. 19,050,000 9,370,000 2,335,000 338,000 20 10 31,093,030Sep. 20,020,000 9,815,000 2,389,000 336,500 32,560,500Dec. 25,120,000 11,740,000 2,633,000 389,500 39,882,500

2007Mar. 21,530,000 10,305,000 2,294,000 340,000 34,469,000Jun. 24,290,000 9,945,000 1,785,000 368,500 36,388,500Sep. 25,810,000 10,075,000 1,966,000 379,500 38,230,500Dec. 34,540,000 12,335,000 2,316,000 418,500 49,609,500

2008Mar. 28,560,000 10,530,000 2,136,000 361,000 41,587,000Jun. 30,680,000 11,135,000 2,168,000 353,500 44,336,500Sep. 33,370,000 11,610,000 2,203,000 354,000 47,537,000Dec. 42,570,000 12,960,000 2,436,000 410,500 58,376,500

2009Mar. 35,400,000 10,975,000 2,153,000 349,000 48,877,000Jun. 40,460,000 11,315,000 2,257,000 361,000 54,393,000Sep. 420,000 44,300,000 12,100,000 2,339,000 385,500 59,544,500Dec. 2,940,000 50,360,000 12,715,000 2,528,000 409,500 68,952,500

2010Mar. 1,370,000 43,280,000 11,485,000 2,342,000 376,500 58,853,500Jun. 1,395,000 45,150,000 11,615,000 2,367,000 368,000 60,895,000Sep. 1,550,000 45,220,000 11,740,000 2,345,000 363,000 61,218,000Dec. 2,425,000 49,410,000 12,750,000 2,592,000 435,100 67,612,100

2011Mar. 1,400,000 41,900,000 10,775,000 2,280,000 385,000 1 1 56,740,002Jun. 1,410,000 42,020,000 11,105,000 2,416,000 397,000 57,348,000Sep. 1,650,000 44,490,000 11,430,000 2,411,000 397,500 60,378,500Dec. 2,255,000 48,500,000 11,820,000 2,611,000 453,000 65,639,000

CURRENCY NOTES ISSUES

~ 14 ~

Figure 7b

Figure 7b(i) Figure 7b(ii)

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

J$bn

Currency Notes Redemptions - 1998 to 2011Total (J$Mn.)

Total Currency Redemptions

2%

74%

19%4%

1% 0%0%0%0%0%

Currency Notes Redemptions - December 2011Percentage of Each Denomination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

0% 0%

78%

15%

3% 3%1%

0% 0% 0%

Currency Notes Redemptions - December 1998Percentage of Each Denomination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

~ 15 ~

Table 7b

J$000

End of Period $5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1 Total

2004Mar. 15,249,400 7,929,950 1,738,370 361,645 87 24 2 3 25,279,481Jun. 13,494,912 7,434,751 1,808,680 278,495 184 39 2 2 23,017,065Sep. 13,976,100 7,452,600 1,716,180 251,525 60 22 2 1 23,396,490Dec. 14,542,902 8,024,150 1,825,600 285,405 160 68 2 3 24,678,290

2005Mar. 16,960,314 8,182,648 1,850,453 286,296 76 16 2 3 27,279,808Jun. 16,749,005 8,506,752 2,028,191 292,855 50 27 5 2 27,576,887Sep. 16,837,100 8,378,650 2,097,470 291,105 33 9 2 27,604,369Dec. 15,009,900 7,593,650 1,997,130 298,085 64 16 3 2 1 24,898,851

2006Mar. 20,914,939 10,063,162 2,329,837 344,065 57 24 1 1 33,652,086Jun. 18,250,400 9,168,400 2,328,160 329,430 78 25 1 1 30,076,495Sep. 18,940,710 9,591,203 2,373,882 324,345 31 19 1 1 31,230,192Dec. 17,740,101 9,509,750 2,236,440 326,440 28 12 1 1 29,812,773

2007Mar. 26,257,480 11,698,210 2,559,173 362,620 30 11 1 1 40,877,526Jun. 23,155,602 10,502,550 1,978,740 360,490 44 18 2 3 1 35,997,450Sep. 24,776,931 10,152,254 1,935,321 347,511 112 47 4 4 1 37,212,185Dec. 27,094,205 10,456,701 2,013,430 375,865 21 8 39,940,230

2008Mar. 33,874,022 12,088,706 2,251,681 379,160 10 8 1 1 48,593,589Jun. 31,234,419 11,305,201 2,264,921 368,370 33 15 4 2 45,172,965Sep. 33,848,732 11,680,461 2,189,074 342,380 10 4 2 3 48,060,666Dec. 34,129,836 11,746,856 2,106,703 343,910 18 5 5 2 48,327,335

2009Mar. 40,898,124 12,203,902 2,334,751 381,000 6 6 1 2 55,817,792Jun. 39,416,716 11,322,800 2,243,060 359,005 26 8 1 1 53,341,617Sep. 44,415,549 12,215,905 2,308,771 368,835 14 4 1 0 59,309,079Dec. 635,890 45,454,202 11,814,151 2,275,910 366,510 14 5 2 2 60,546,686

2010Mar. 1,225,520 47,466,788 12,177,552 2,463,670 394,160 6 4 2 1 63,727,702Jun. 1,164,020 45,880,276 11,641,703 2,374,640 367,115 12 5 1 1 61,427,773Sep. 1,134,500 45,119,402 11,581,801 2,296,520 349,640 7 0 1 0 60,481,872Dec. 1,191,505 42,785,729 11,557,780 2,365,606 365,136 10 6 1 0 0 58,265,773

2011Mar. 1,830,505 46,629,245 11,896,979 2,400,442 391,105 10 4 1 0 0 63,148,291Jun. 1,361,500 41,521,664 11,127,245 2,433,644 402,744 8 3 0 0 0 56,846,808Sep. 1,439,500 44,402,234 11,721,450 2,466,620 395,645 4 0 1 1 0 60,425,455Dec. 1,199,000 39,973,108 10,092,150 2,314,601 387,138 10 4 1 1 0 53,966,013

CURRENCY NOTES REDEMPTIONS

~ 16 ~ Figure 7c

Figure 7c(i) Figure 7c(ii)

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

J$bn

Currency Notes in Circulation - 1998 to 2011Total (J$Mn.)

Total Currency Redemptions

2%

74%

19%

4% 1% 0%0%

0%0%

0%

Currency Notes in Circulation - December 2011Percentage of Each Denomination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

0% 0%

78%

15%

3%3% 1% 0% 0% 0%

Currency Notes in Circulation - December 1998Percentage of Each Denomination to Total

$5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1

~ 17 ~

Table 7c

J$000End ofPeriod $5,000 $1,000 $500 $100 $50 $20 $10 $5 $2 $1 $0.50 Total

2007Mar. 24,485,551 6,995,857 2,224,121 520,134 101,866 50,364 16,740 25,576 7,293 2,014 34,429,516Jun. 25,620,552 6,438,430 2,030,529 528,125 101,822 50,347 16,738 25,572 7,293 2,014 34,821,422Sep. 26,653,804 6,361,223 2,061,263 560,102 101,710 50,300 16,734 25,568 7,292 2,014 35,840,010Dec. 34,099,834 8,239,627 2,363,866 602,727 101,688 50,291 16,734 25,567 7,292 2,014 45,509,640

2008Mar. 28,786,482 6,680,897 2,248,210 584,559 101,678 50,283 16,733 25,566 7,292 2,014 38,503,714Jun. 28,232,751 6,510,785 2,151,387 569,672 101,645 50,268 16,729 25,564 7,292 2,014 37,668,107Sep. 27,754,134 6,440,430 2,165,359 581,275 101,635 50,264 16,727 25,561 7,292 2,014 37,144,691Dec. 36,194,527 7,653,643 2,494,703 647,850 101,617 50,260 16,722 25,559 7,291 2,014 47,194,186

2009Mar. 30,696,786 6,424,842 2,312,996 615,838 101,611 50,254 16,721 25,558 7,291 2,014 40,253,911Jun. 31,740,438 6,417,091 2,326,948 617,820 101,585 50,246 16,721 25,557 7,291 2,014 41,305,711Sep. 420,000 31,625,210 6,301,277 2,357,186 634,474 101,571 50,242 16,720 25,556 7,291 2,014 41,541,543Dec. 2,723,870 36,531,248 7,202,261 2,609,273 677,464 101,557 50,237 16,719 25,554 7,291 2,014 49,947,488

2010Mar. 2,867,990 32,344,767 6,509,798 2,487,631 659,800 101,551 50,233 16,717 25,553 7,291 2,014 45,073,345Jun. 3,098,630 31,615,378 6,483,237 2,480,024 660,680 101,539 50,228 16,716 25,552 7,290 2,014 44,541,289Sep. 3,513,920 31,716,726 6,641,487 2,528,505 674,036 101,532 50,227 16,716 25,552 7,290 2,014 45,278,005Dec. 4,747,125 38,341,346 7,833,857 2,755,012 743,945 101,522 50,222 16,715 25,551 7,290 2,014 54,624,599

2011Mar. 4,316,340 33,612,509 6,711,995 2,634,576 737,832 101,513 50,218 16,715 25,551 7,290 2,014 48,216,553Jun. 4,364,530 34,111,026 6,689,808 2,617,057 732,029 101,505 50,215 16,715 25,551 7,290 2,014 48,717,740Sep. 4,574,800 34,198,981 6,398,476 2,561,458 733,874 101,500 50,215 16,715 25,550 7,290 2,014 48,670,873Dec. 5,630,545 42,726,051 8,126,367 2,857,858 799,727 101,491 50,211 16,714 25,549 7,290 2,014 60,343,817

CURRENCY NOTES - CIRCULATION

~ 18 ~

Table 8

J$000

End of Period 2003 2004 2005 2006 2007 2008 2009 2010 2011

Jan. 186,082,460 137,807,340 148,532,579 176,049,468 186,399,368 208,669,883 233,869,859 189,808,984 174,021,354

Feb. 160,917,170 126,927,646 139,724,365 171,270,123 211,734,268 210,228,903 211,247,481 177,241,313 169,851,625

Mar. 180,270,747 170,032,833 163,093,277 202,476,618 216,230,971 212,365,440 220,106,384 246,338,854 198,415,782

Apr. 186,239,537 167,455,652 172,551,157 180,060,374 196,228,646 221,308,197 198,337,765 193,609,207 110,459,937

May 185,482,392 150,736,503 162,319,945 206,480,645 207,544,359 220,181,032 178,240,293 165,044,882 115,451,814

Jun. 181,356,623 170,429,733 171,600,148 194,848,229 200,020,026 224,691,472 204,021,904 196,463,145 108,851,144

Jul. 183,130,476 142,824,733 161,952,532 189,763,596 226,484,300 262,060,024 211,390,484 182,640,488 104,234,364

Aug. 138,459,682 142,411,515 169,204,337 198,818,415 209,576,308 202,245,256 180,163,210 189,340,584 106,784,788

Sep. 156,722,303 125,342,029 162,933,424 199,047,635 200,861,507 241,338,567 195,608,725 177,802,931 103,437,618

Oct. 160,001,014 141,619,996 155,864,225 199,743,551 222,606,501 244,768,230 196,011,603 170,076,141 95,844,875

Nov. 132,020,582 166,508,911 171,751,220 193,467,877 240,748,531 219,942,786 192,560,571 185,864,448 104,793,224

Dec. 158,928,302 166,762,285 174,373,556 197,990,216 214,296,196 275,138,607 220,981,272 211,315,660 106,551,401

TOTAL 2,009,611,288 1,808,859,176 1,953,900,765 2,310,016,747 2,532,730,981 2,742,938,397 2,442,539,551 2,285,546,637 1,498,697,926

COMMERCIAL BANKS CLEARING

~ 19 ~

Table 9a

J$000

End of Period Cash

CashReserve &

CurrentAccount

TreasuryBills

LocalRegistered

StocksSpecified

Assets

OtherEligible

Bonds Other Total

2009Jan. 5,459,497 27,417,510 731,227 1,478,904 17,802,755 737,671 23,234,526 76,862,090Feb 4,678,469 28,614,236 749,132 1,368,379 17,999,497 560,101 20,346,504 74,316,319Mar 5,110,181 29,530,384 617,485 2,941,200 18,284,023 199,150 23,285,680 79,968,102Apr 5,188,275 29,955,728 464,874 4,073,567 15,827,481 315,000 23,433,996 79,258,921May 5,291,926 30,223,813 413,388 4,076,037 16,566,740 324,367 23,370,111 80,266,382Jun 5,196,235 31,291,757 359,804 3,926,635 13,835,501 195,513 23,353,707 78,159,152July 4,930,610 29,376,617 420,401 3,339,553 16,704,076 149,200 19,164,867 74,085,324Aug 5,225,083 29,543,237 406,429 2,966,533 14,277,566 65,192 20,325,096 72,809,136Sep 5,217,028 29,160,109 470,424 3,212,281 13,667,218 106,848 21,835,878 73,669,787Oct 5,315,558 30,035,950 501,713 3,510,488 14,924,966 169,279 20,875,431 75,333,385Nov 5,400,803 30,100,759 567,713 3,711,481 11,211,955 288,325 22,958,047 74,239,083Dec 7,044,255 29,908,694 552,583 2,279,945 15,213,393 320,139 20,983,875 76,302,884

2010Jan. 6,224,710 30,156,657 555,938 897,216 18,559,329 448,660 19,989,917 76,832,427Feb 5,873,430 31,159,701 635,042 0 17,717,383 451,704 20,034,818 75,872,078Mar 5,970,592 30,470,446 556,837 0 23,793,843 239,816 28,491,975 89,523,509Apr 6,114,933 32,344,237 479,197 0 21,685,767 240,055 24,773,707 85,637,897May 6,037,862 32,595,550 352,876 0 21,260,929 222,078 25,708,338 86,177,633Jun 5,781,328 31,268,471 255,199 0 23,538,040 200,257 30,164,253 91,207,549Jul 6,066,584 27,294,952 193,554 0 24,166,217 201,435 30,431,472 88,354,214Aug 6,400,141 27,555,787 138,807 0 30,279,094 177,692 30,269,580 94,821,102Sep 6,647,583 27,575,057 258,827 0 32,229,212 129,134 30,048,275 96,888,088Oct 6,488,175 28,225,811 191,979 0 31,022,016 289,274 30,546,990 96,764,244Nov 6,425,248 28,398,501 291,330 0 26,801,727 289,245 36,902,267 99,108,317Dec 7,771,842 28,254,359 412,685 0 27,182,699 289,338 37,027,764 100,938,687

2011Jan. 7,195,457 28,551,204 402,052 0 26,654,165 289,289 36,143,933 99,236,100Feb. 6,540,379 28,434,283 442,345 0 30,550,261 397,301 32,033,217 98,397,787Mar. 6,677,972 28,025,640 772,962 0 37,172,880 365,167 33,809,382 106,824,003Apr 6,516,584 29,751,359 638,805 0 36,917,039 365,321 33,475,331 107,664,438May 6,459,389 29,431,899 731,286 0 24,042,131 325,072 47,206,532 108,196,309June 6,292,833 29,440,228 737,946 0 23,094,086 272,807 48,677,207 108,515,107July 6,419,356 29,499,218 888,523 0 19,253,107 322,087 47,943,912 104,326,204Aug 6,644,500 31,361,619 759,608 0 21,038,672 299,889 41,811,867 101,916,155Sep 6,717,460 30,273,508 428,539 0 21,784,726 109,103 39,763,620 99,076,956Oct 6,966,803 30,093,759 522,126 0 18,395,701 265,871 36,288,087 92,532,348Nov 6,786,118 29,224,825 502,602 0 17,831,211 510,587 34,138,719 88,994,062Dec 8,289,773 29,679,115 590,042 0 17,470,236 565,828 33,806,939 90,401,933

COMMERCIAL BANKS LIQUID HOLDINGS

DEPOSITS WITH BOJ

~ 20 ~

Table 9b

%

End of Period Cash

Cash Reserves &Current Account

TreasuryBills

LocalRegistered

StocksSpecified

Assets

OtherEligible

Bonds Other Total

2009Jan. 2.6 13.2 0.4 0.7 8.6 0.4 11.2 37.1Feb. 2.2 13.8 0.4 0.7 8.7 0.3 9.8 35.7Mar. 2.5 14.3 0.3 1.4 8.8 0.1 11.3 38.7Apr. 2.5 14.2 0.2 1.9 7.6 0.1 11.1 37.8May 2.5 14.3 0.2 1.9 7.9 0.2 11.1 38.0Jun. 2.5 14.9 0.2 1.9 6.6 0.1 11.1 37.2Jul. 2.4 14.2 0.2 1.6 8.1 0.1 9.3 35.9Aug. 2.5 14.2 0.2 1.4 6.9 0.0 9.8 35.1Sep. 2.6 14.3 0.2 1.6 6.7 0.1 10.7 36.1Oct. 2.5 14.3 0.2 1.7 7.1 0.1 9.9 35.9Nov. 2.5 14.2 0.3 1.8 5.3 0.1 10.8 35.0Dec. 3.4 14.3 0.3 1.1 7.3 0.2 10.1 36.6



DEPOSITS WITH BOJ

COMMERCIAL BANK LIQUIDITY RATIOSTo Average Deposits

~ 21 ~

Figure 9c

0

20,000

40,000

60,000

80,000

100,000

120,000

J$M

n.

Commercial Banks' Statutory Liquidity

Required Minimum Liquidity Actual Average Liquidity Excess Liquidity

~ 22 ~

Table 9c

J$000

End of Period

Average DepositLiabilities

RequiredMinimumLiquidity

ActualAverage

Liquidity

% ofAverageDeposit

ExcessLiquidity

2009Jan. 207,437,461 51,859,365 76,862,090 37.1 25,002,724Feb. 207,954,480 56,147,710 74,316,319 35.7 18,168,609Mar. 206,621,500 57,854,020 79,968,102 38.7 22,114,082Apr. 210,239,381 58,867,027 79,258,921 37.7 20,391,894May 211,024,275 59,086,797 80,266,382 38.0 21,179,585Jun. 210,209,732 58,858,725 78,159,152 37.2 19,300,427Jul. 206,153,863 57,723,082 74,085,324 35.9 16,362,243Aug. 207,484,483 58,095,655 72,809,136 35.1 14,713,481Sep. 203,939,708 57,103,118 73,580,483 36.1 16,477,365Oct. 210,064,080 58,817,943 75,333,385 35.9 16,515,443Nov. 212,055,838 59,375,635 74,239,083 35.0 14,863,448Dec. 208,548,814 58,393,668 76,302,884 36.6 17,909,216



COMMERCIAL BANKS - STATUTORY LIQUIDITY

~ W ~

Commercial Banks Tables 10 to 13

Table Page

Table 10a Summary of Accounts 23 Table 10b Assets 25 Table 10c Liabilities 26 Table 11a Total Deposits by Type and Customer 28 Table 11b Total Time Deposits by Maturity 30

Table 11c Foreign Currency Time Deposits by Maturity 31 Table 11d Deposits by Currency 33

Table 12a Domestic Currency Loans & Advances (End of Year) 35 Table 12b Domestic Currency Loans & Advances (Monthly) 36 Table 12c Foreign Currency Loans & Advances (Monthly) 37 Table 12d Loans & Advances Currency 38 Table 13 Credit Card Receivables 39


~ X ~

List & Number of Commercial Banks At End December

* Pan Caribbean Commercial Bank was granted a commercial bank licence and surrendered its merchant banking licence effective 23 June 2008.

+ RBTT/RBC – Jamaica’s operation of RBC Financial Caribbean was rebranded to RBC Royal Jamaica Ltd on 11 July 2011

2007 2008 2009 2010 2011

1 BNS Bank of Nova Scotia

2 CBNA Citibank, N.A

3 FCIB First Caribbean International Bank

4 FGB First Global Bank

5 NCB National Commercial Bank

6 PCB Pan Caribbean Commercial Bank * *

7 RBTT+ RBTT Bank Jamaica Ltd+

Total Number of Commercial Banks at Year End 6 6 7 7 7

~ 23 ~

Table 10a

J$Mn.

End of Period

ForeignAssets

(net)

Cash andDeposits

with BOJClaims on

Govt.Govt.Deps. Total

Credit toPrivateSector Total

Assets/Liabilities

PrivateDemand

(adj.) Time Savings

CreditFromBOJ

OtherItems(net)

2010Jan. 42,347.8 93,181.3 41,310.6 15,766.2 25,544.5 289,080.7 314,625.1 450,154.1 81,548.1 86,717.9 183,754.9 457.3 97,676.0Feb. 49,953.1 93,619.5 13,798.4 20,126.5 -6,328.1 320,964.1 314,636.0 458,208.6 83,835.0 85,120.5 189,163.4 514.6 99,575.1Mar. 51,833.8 97,015.8 13,385.4 30,525.2 -17,139.8 314,137.7 296,997.9 445,847.5 76,112.1 82,600.5 189,797.2 506.6 96,831.1Apr. 57,613.8 90,015.6 12,715.5 19,180.9 -6,465.5 309,973.1 303,507.6 451,137.0 80,500.0 84,151.1 188,324.9 600.8 97,560.2May 57,870.4 99,486.6 12,579.5 23,181.8 -10,602.3 310,445.1 299,842.9 457,199.9 80,136.9 88,543.7 188,007.9 998.7 99,512.6Jun. 55,230.0 94,835.8 12,291.4 23,220.9 -10,929.5 311,749.2 300,819.7 450,885.5 76,796.5 86,543.0 186,469.0 494.9 100,582.1Jul. 52,608.8 90,836.6 11,721.4 21,081.9 -9,360.4 314,718.1 305,357.6 448,803.0 75,040.9 83,480.2 187,662.2 529.8 102,090.0Aug. 44,394.3 108,397.8 11,922.2 21,568.9 -9,646.7 315,433.8 305,787.1 458,579.1 84,765.0 83,725.6 185,524.1 69.3 104,495.2Sep. 52,398.3 99,495.2 11,910.4 22,349.3 -10,438.9 315,818.3 305,379.4 457,272.9 80,018.6 84,536.0 186,305.3 327.5 106,085.4Oct. 51,699.3 105,810.0 11,456.3 21,176.2 -9,719.8 317,660.6 307,940.8 465,450.1 78,395.5 91,938.7 185,958.8 468.6 108,688.5Nov. 55,009.9 104,494.4 11,607.0 21,834.1 -10,227.2 316,921.7 306,694.5 466,198.8 83,140.7 85,615.8 186,880.5 56.1 110,505.7Dec. 52,989.6 105,562.7 11,531.2 22,010.9 -10,479.8 318,580.7 308,100.9 466,653.2 83,085.9 85,949.2 187,785.9 457.4 109,374.8

2011Jan. 58,390.7 98,010.2 11,353.9 20,571.8 -9,217.9 314,139.9 304,922.0 461,322.9 84,142.2 80,221.7 188,213.7 505.3 108,240.1Feb. 57,079.0 114,889.2 11,839.2 23,204.4 -11,365.2 313,991.6 302,626.3 474,594.5 91,515.7 82,734.4 188,524.8 502.6 111,316.9Mar. 58,244.9 112,314.7 11,514.0 28,759.3 -17,245.3 312,718.8 295,473.5 466,033.1 84,652.1 79,920.7 189,888.9 518.8 111,052.6Apr. 61,760.1 117,962.8 11,187.5 26,793.1 -15,605.6 314,524.5 298,918.9 478,641.8 85,257.5 82,407.6 201,892.4 530.2 108,554.1May 50,013.8 111,548.6 11,268.1 24,583.2 -13,315.2 321,007.3 307,692.1 469,254.4 86,957.8 83,381.6 193,965.7 52.8 104,896.5Jun. 49,306.5 105,854.6 11,285.6 22,185.0 -10,899.4 324,057.1 313,157.7 468,318.8 94,172.9 75,333.3 192,290.3 479.1 106,043.2Jul. 51,286.8 102,786.0 11,412.5 26,410.5 -14,997.9 326,168.1 311,170.2 465,242.9 83,961.8 79,817.9 193,344.9 498.4 107,620.0Aug. 53,760.9 109,580.4 10,853.7 28,312.3 -17,458.6 323,650.6 306,192.1 469,533.3 86,890.9 80,879.5 193,908.9 579.2 107,274.8Sep. 58,072.7 99,629.3 10,653.2 28,003.3 -17,350.1 324,359.2 307,009.1 464,711.1 88,536.0 80,523.1 191,218.6 618.7 103,814.6Oct. 50,842.4 98,056.3 10,483.4 29,352.0 -18,868.5 338,437.3 319,568.7 468,467.4 85,442.5 81,792.5 190,170.5 712.8 110,349.0Nov. 58,226.3 98,186.9 10,493.0 30,250.4 -19,757.4 344,696.8 324,939.4 481,352.5 84,032.9 85,879.9 193,934.3 507.0 116,998.5Dec. 60,564.0 91,708.1 10,641.5 28,260.7 -17,619.3 354,109.6 336,490.3 488,762.5 86,289.7 89,820.1 196,318.2 603.4 115,731.0

COMMERCIAL BANKS - SUMMARY OF ACCOUNTS

D O M E S T I C C R E D I T Credit to Government (net) DEPOSITS

~ 24 ~

Figure 10b

Figure 10c

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

J$bn

End of Period

Commercial Bank Liabilities

Foreign Liabilities Domestic Liabilities Total Liabilities

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

J$B

n

End of Period

Commercial Bank Assets

Foreign Assets Domestic Assets Total Assets

~ 25 ~

Table 10b

J$000

End of Period Cash

Balanceswith BOJ

ForeignAssets

To PrivateSector

To PublicSector Total

TreasuryBills L.R.S.

OtherSecurities

Cheques inCourse ofCollection

OtherAssets Total

2010Jan. 5,319,141 87,862,112 119,513,365 216,262,684 36,109,846 252,372,530 639,891 24,626,209 43,063,125 2,695,757 42,594,455 578,686,585Feb. 4,996,635 88,622,909 128,134,753 216,590,804 36,977,313 253,568,117 595,917 0 71,396,739 2,796,169 40,414,269 590,525,508Mar. 6,447,525 90,568,274 129,679,584 219,459,411 37,534,258 256,993,669 482,428 0 61,545,840 4,671,218 41,377,987 591,766,525Apr. 5,509,041 84,506,564 126,494,336 218,946,753 34,539,168 253,485,921 357,149 0 61,497,507 2,548,179 39,482,063 573,880,760May 6,243,183 93,243,459 128,487,536 220,934,769 33,653,949 254,588,718 294,415 0 60,573,206 7,232,049 38,444,366 589,106,932Jun. 6,044,766 88,791,003 121,215,765 218,683,475 31,172,162 249,855,637 196,902 0 65,601,572 4,836,258 38,768,709 575,310,612Jul. 5,686,959 85,149,599 118,181,390 220,068,455 31,139,883 251,208,338 98,297 0 66,917,865 2,851,776 39,476,109 569,570,333Aug. 6,649,229 101,748,546 109,479,195 220,264,055 31,581,792 251,845,847 225,953 0 67,992,760 2,535,872 36,325,469 576,802,871Sep. 6,898,915 92,596,248 116,867,576 220,947,915 31,247,074 252,194,989 297,540 0 67,283,613 3,123,938 39,227,624 578,490,443Oct. 5,506,090 100,303,938 113,707,974 221,241,372 30,408,009 251,649,381 316,150 0 69,109,334 2,286,475 40,089,240 582,968,582Nov. 6,422,034 98,072,376 115,723,215 221,311,437 29,689,301 251,000,738 351,366 0 69,755,644 2,261,422 38,588,662 582,175,457Dec. 8,234,001 97,328,735 115,821,608 221,202,366 30,138,267 251,340,633 486,281 0 68,913,684 3,340,587 40,462,264 585,927,793

2011Jan. 6,509,572 91,500,619 117,383,815 218,966,456 28,858,338 247,824,794 342,164 0 67,878,069 4,053,101 40,927,585 576,419,719Feb. 5,674,714 109,214,460 115,267,425 221,735,326 30,196,096 251,931,422 811,535 0 64,445,849 3,792,773 39,032,982 590,171,160Mar. 6,899,198 105,415,475 114,393,234 221,238,390 27,685,858 248,924,248 635,389 0 63,539,502 4,411,176 42,916,613 587,134,835Apr. 6,354,572 111,608,195 116,642,427 222,297,588 28,398,447 250,696,035 669,197 0 62,469,733 1,951,123 44,858,945 595,250,227May 6,896,262 104,652,288 103,544,620 224,697,929 29,261,561 253,959,490 681,889 0 66,954,608 2,069,924 41,605,901 580,364,982Jun. 6,530,179 99,324,434 105,771,344 223,545,646 29,827,288 253,372,934 885,122 0 68,964,927 3,244,079 43,820,681 581,913,700Jul. 6,110,117 96,675,837 105,870,468 225,545,852 29,742,778 255,288,630 869,571 0 69,489,129 2,095,340 44,292,416 580,691,508Aug. 7,291,358 102,288,993 106,820,349 226,527,692 26,253,364 252,781,056 432,221 0 69,707,802 2,114,327 41,881,109 583,317,215Sep. 6,171,733 93,457,601 111,954,665 228,897,219 24,785,877 253,683,096 516,452 0 69,150,933 2,887,578 43,905,778 581,727,836Oct. 6,295,798 91,760,486 104,574,465 230,622,606 25,818,159 256,440,765 508,775 0 79,759,887 2,431,951 47,227,076 588,999,203Nov. 6,997,483 91,189,393 111,195,133 234,061,953 24,024,647 258,086,600 492,764 0 80,438,161 1,997,071 50,259,886 600,656,491Dec. 9,792,851 81,915,278 115,335,098 243,206,884 22,837,320 266,044,204 847,800 0 81,681,862 2,476,175 50,298,937 608,392,205

LOANS AND ADVANCES JAMAICA GOVERNMENT

COMMERCIAL BANKSMonthly Summary of Assets

~ 26 ~

Table 10c

J$000

End of Period Government Demand Savings Time Total

ForeignLiabilities

Discount &Advs.

From BOJ

Loans/Advs.From OtherInstitutions

Cheques inCourse ofPayment


2010Jan. 15,766,177 80,242,481 183,754,867 86,717,870 366,481,395 77,165,605 457,328 12,088,126 4,001,385 118,492,746 578,686,585Feb. 20,126,501 81,870,250 189,163,383 85,120,509 376,280,643 78,181,677 514,580 11,882,460 4,760,954 118,905,194 590,525,508Mar. 30,525,232 75,490,601 189,797,232 82,600,466 378,413,531 77,845,791 506,616 11,425,021 5,292,701 118,282,865 591,766,525Apr. 19,180,920 78,697,189 188,324,874 84,151,076 370,354,059 68,880,571 600,767 11,629,682 4,351,019 118,064,662 573,880,760May 23,181,759 81,899,927 188,007,935 88,543,714 381,633,335 70,617,133 998,741 11,502,987 5,469,005 118,885,731 589,106,932Jun. 23,220,907 77,434,214 186,469,027 86,542,957 373,667,105 65,985,765 494,947 11,250,104 4,198,540 119,714,151 575,310,612Jul. 21,081,895 74,022,983 187,662,237 83,480,172 366,247,287 65,572,563 529,765 10,880,261 3,869,681 122,470,776 569,570,333Aug. 21,568,943 83,210,121 185,524,088 83,725,562 374,028,714 65,084,935 69,337 11,084,366 4,090,711 122,444,808 576,802,871Sep. 22,349,293 79,700,931 186,305,339 84,536,023 372,891,586 64,469,295 327,529 10,724,498 3,441,574 126,635,961 578,490,443Oct. 21,176,150 76,951,183 185,958,802 91,938,693 376,024,828 62,008,639 468,627 11,205,520 3,730,819 129,530,149 582,968,582Nov. 21,834,147 81,480,043 186,880,499 85,615,783 375,810,472 60,713,309 56,103 11,585,929 3,922,106 130,087,538 582,175,457Dec. 22,010,937 83,348,059 187,785,926 85,949,163 379,094,085 62,832,048 457,389 10,727,158 3,078,470 129,738,643 585,927,793

2011Jan. 20,571,813 84,117,274 188,213,720 80,221,665 373,124,472 58,993,134 505,285 10,763,240 4,077,977 128,955,611 576,419,719Feb. 23,204,427 91,451,269 188,524,840 82,734,409 385,914,945 58,188,435 502,598 10,685,901 3,857,241 131,022,040 590,171,160Mar. 28,759,320 84,067,787 189,888,851 79,920,691 382,636,649 56,148,286 518,834 10,556,849 4,995,492 132,278,725 587,134,835Apr. 26,793,122 83,895,103 201,892,384 82,407,636 394,988,245 54,882,305 530,202 8,825,104 3,313,525 132,710,846 595,250,227May 24,583,248 85,630,354 193,965,749 83,381,601 387,560,952 53,530,837 52,786 8,610,913 3,397,343 127,212,151 580,364,982Jun. 22,185,001 93,870,517 192,290,343 75,333,262 383,679,123 56,464,835 479,132 8,726,762 3,546,458 129,017,390 581,913,700Jul. 26,410,470 82,206,790 193,344,852 79,817,890 381,780,002 54,583,648 498,374 7,397,789 3,850,371 132,581,324 580,691,508Aug. 28,312,278 85,553,344 193,908,850 80,879,525 388,653,997 53,059,409 579,248 7,246,978 3,451,890 130,325,693 583,317,215Sep. 28,003,286 87,839,739 191,218,612 80,523,122 387,584,759 53,881,989 618,725 7,230,391 3,583,853 128,828,119 581,727,836Oct. 29,351,980 84,637,000 190,170,498 81,792,544 385,952,022 53,732,115 712,815 5,744,829 3,237,432 139,619,990 588,999,203Nov. 30,250,411 82,517,353 193,934,277 85,879,927 392,581,968 52,968,880 506,977 5,862,552 3,512,577 145,223,537 600,656,491Dec. 28,260,732 85,721,083 196,318,215 89,820,090 400,120,120 54,771,097 603,449 6,244,195 3,044,838 143,608,506 608,392,205

COMMERCIAL BANKSMonthly Summary of Liabilities

D E P O S I T S

~ 27 ~

Figure 11a(i)

Figure 11a(ii)

020,00040,00060,00080,000

100,000120,000140,000160,000180,000200,000

Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11

J$M

n

End of Period

Commercial Bank Total Deposits by Customer

Public Sector Specified & Other Financial Institutions Business Firms & Other Customers Individuals Overseas Residents

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000


J$M

n.

Total Deposits by Type

Demand Savings Time

~ 28 ~ Table 11a

J$000

End of Period Central Govt. Local Govt.

Other PublicEntities

OtherFinancial

InstitutionsBusiness

Firms IndividualsOther

CustomersOverseas

Residents Total

2011

Jun Demand 18,421,924 794,742 12,308,114 14,054,235 46,147,082 10,961,745 8,775,068 829,531 112,292,441Savings 2,318,580 181,124 3,829,164 1,920,550 29,342,991 136,279,492 11,264,485 9,472,537 194,608,923Time 1,444,497 67,036 6,196,115 3,355,559 20,002,804 31,787,101 1,885,915 12,038,732 76,777,759Total 22,185,001 1,042,902 22,333,393 19,330,344 95,492,877 179,028,338 21,925,468 22,340,800 383,679,123

Jul Demand 21,129,559 806,117 4,703,110 14,535,460 40,933,313 11,333,046 8,957,266 938,478 103,336,349Savings 3,834,015 186,687 9,367,856 1,685,999 23,055,440 137,700,881 11,692,904 9,655,085 197,178,867Time 1,446,896 74,257 9,319,584 3,795,625 21,482,015 31,059,936 1,926,898 12,159,575 81,264,786Total 26,410,470 1,067,061 23,390,550 20,017,084 85,470,768 180,093,863 22,577,068 22,753,138 381,780,002

Aug Demand 22,582,151 938,385 4,577,313 13,593,239 43,989,626 11,040,311 10,450,103 964,367 108,135,495Savings 4,287,343 189,024 8,860,517 1,765,882 24,864,489 136,346,034 12,188,692 9,694,212 198,196,193Time 1,442,784 74,421 8,764,308 3,922,274 21,623,990 31,472,797 1,998,746 13,022,989 82,322,309Total 28,312,278 1,201,830 22,202,138 19,281,395 90,478,105 178,859,142 24,637,541 23,681,568 388,653,997

Sep Demand 21,913,553 910,343 12,282,027 13,913,894 38,139,610 11,352,625 10,449,506 791,734 109,753,292Savings 4,643,414 186,494 6,667,856 1,364,080 21,302,451 141,642,452 10,404,606 9,650,673 195,862,026Time 1,446,319 74,606 9,776,178 4,346,074 20,490,581 30,931,031 2,007,402 12,897,250 81,969,441Total 28,003,286 1,171,443 28,726,061 19,624,048 79,932,642 183,926,108 22,861,514 23,339,657 387,584,759

Oct Demand 21,968,044 917,291 5,355,287 13,651,039 42,638,844 11,290,463 9,998,415 785,661 106,605,044Savings 5,958,639 162,664 6,231,438 1,428,127 18,269,059 143,566,911 10,662,808 9,849,491 196,129,137Time 1,425,297 74,772 11,773,726 3,485,899 20,666,660 31,118,896 1,905,908 12,766,683 83,217,841Total 29,351,980 1,154,727 23,360,451 18,565,065 81,574,563 185,976,270 22,567,131 23,401,835 385,952,022

Nov Demand 22,454,467 1,013,225 4,423,093 11,937,192 43,609,482 11,218,907 9,587,947 727,507 104,971,820Savings 6,367,066 177,717 9,061,043 1,360,453 21,482,058 141,502,333 10,400,841 9,949,832 200,301,343Time 1,428,878 74,905 13,258,524 5,580,533 21,515,997 31,129,497 1,850,277 12,470,194 87,308,805Total 30,250,411 1,265,847 26,742,660 18,878,178 86,607,537 183,850,737 21,839,065 23,147,533 392,581,968

Dec Demand 23,039,387 868,813 5,844,044 12,559,996 44,727,484 11,793,133 9,239,961 687,652 108,760,470Savings 3,781,161 156,652 7,577,601 3,133,970 21,674,822 142,946,927 10,929,053 9,899,190 200,099,376Time 1,440,184 75,121 16,919,427 5,169,636 22,524,039 30,817,346 1,956,492 12,358,029 91,260,274Total 28,260,732 1,100,586 30,341,072 20,863,602 88,926,345 185,557,406 22,125,506 22,944,871 400,120,120

COMMERCIAL BANKS’ DEPOSITS BY TYPE & CUSTOMERS

~ 29 ~

Figure 11b

Figure 11c

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2005 2006 2007 2008 2009 2010 2011

J$M

n.

Time Deposits by Maturity

Call & up to 1 Month 1 - 3 Months 3 - 6 Months 6 - 12 Months Over 12 Months

0

100

200

300

400

500

600

2005 2006 2007 2008 2009 2010 2011

US$

Mn.

Foreign Currency Time Deposits by Maturity

Call & up to 1 Month 1 - 3 Months 3 - 6 Months 6 - 12 Months Over 12 Months

~ 30 ~

Table 11b

J$000End of Period

Call & up to1 Month 1 - 3 Months 3 - 6 Months

6 - 12Months

Over 12Months Total

2009Jan. 21,317,386 22,303,451 8,559,661 10,528,761 18,060,945 80,770,204Feb. 21,929,571 22,590,632 8,845,613 11,048,919 17,102,458 81,517,193Mar. 20,394,529 22,107,899 8,784,716 9,863,030 18,492,308 79,642,482Apr. 25,083,500 22,679,763 8,331,691 10,208,120 17,780,043 84,083,117May 24,317,246 22,803,755 8,694,150 10,554,997 16,782,743 83,152,891Jun. 24,285,880 21,517,133 9,951,222 10,077,847 15,976,192 81,808,274Jul. 20,687,910 23,022,740 10,789,124 9,622,723 15,388,485 79,510,982Aug. 22,427,134 21,830,815 10,255,478 10,360,185 16,307,146 81,180,758Sep. 23,315,879 21,653,218 9,529,860 11,868,662 16,437,691 82,805,310Oct. 23,008,585 21,884,329 9,582,117 11,854,444 15,854,662 82,184,137Nov. 22,938,691 22,312,511 9,683,748 12,837,352 15,303,427 83,075,729Dec. 25,546,408 22,244,211 9,936,506 11,314,608 14,880,471 83,922,204



COMMERCIAL BANKSTotal Time Deposits by Maturity

~ 31 ~

Table 11c

US$000End of Period

Call & up to1 Month

1 - 3Months

3 - 6Months

6 - 12Months

Over 12Months Total

2009Jan. 101,324 133,254 50,266 75,410 155,352 515,606Feb. 106,539 133,616 49,409 71,451 160,285 521,300Mar. 105,552 138,328 50,585 66,573 166,699 527,737Apr. 138,101 137,824 48,180 67,727 159,645 551,477May 141,888 135,263 54,891 67,650 151,324 551,016Jun. 150,271 130,496 68,901 61,964 143,274 554,906Jul. 112,143 142,247 78,314 67,984 140,275 540,963Aug. 119,805 130,737 71,333 72,770 149,741 544,386Sep. 116,830 129,888 62,099 83,336 140,284 532,437Oct. 140,890 128,278 61,058 85,468 141,151 556,845Nov. 133,876 135,070 62,433 118,014 111,985 561,378Dec. 138,425 139,951 63,432 78,070 132,742 552,620



COMMERCIAL BANKSForeign Currency Time Deposits by Maturity

~ 32 ~

Figure 11d

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000


J$M

n.

Commercial Banks' Deposits by Currency

Local Currency Foreign Currency Total

~ 33 ~

Table 11d

J$Mn.End ofPeriod Local Currency Foreign Currency Total

2009Jan. 205,286,764 142,295,914 347,582,678Feb. 207,849,817 144,704,689 352,554,506Mar. 210,182,690 143,697,835 353,880,525Apr. 208,812,052 150,479,466 359,291,518May 204,104,236 150,291,922 354,396,158Jun. 206,226,591 146,399,153 352,625,744Jul. 198,209,525 152,163,026 350,372,551Aug. 207,471,636 148,997,922 356,469,558Sep. 209,891,205 141,785,009 351,676,214Oct. 204,341,048 146,699,651 351,040,699Nov. 206,468,202 150,212,980 356,681,182Dec. 205,286,764 142,295,914 347,582,678



Commercial Banks' Deposits

~ 34 ~

Figure 12a(i)

Figure 12a(ii)

0

50,000

100,000

150,000

200,000

250,000

300,000


J$B

n.

End of Period

Commercial Banks Loans by Category

Consumer-Oriented Mining ManufacturingConstruction & Land Development Transport, Storage & Communication Government ServicesTourism Other Loans

0

50,000

100,000

150,000

200,000

250,000

300,000


J$B

n.

End of Period

Commercial Bank Loans by Currency

Domestic Currency Loans Foreign Currency Loans Total Loans

~ 35 ~

Table 12a

J$000Dec. 2005 Dec. 2006 Dec. 2007 Dec. 2008 Dec. 2009 Dec. 2010 Dec. 2011

1. Agriculture 1,831,629 2,298,384 2,163,730 4,588,066 5,869,963 4,519,525 5,366,124(a) Production 1,518,900 1,836,524 1,939,686 4,349,087 5,735,289 4,352,404 4,847,285(b) Marketing 111,521 144,781 114,691 238,581 134,276 165,005 490,659(c) Land Acquisition 201,208 317,079 109,353 398 398 2,116 28,180

2. Mining 252,988 643,469 513,411 700,889 432,276 426,384 595,0743. Manufacturing 4,678,013 7,534,561 6,259,150 9,302,646 9,392,964 8,296,100 7,771,294

(a) Sugar, Rum & Molasses 340,702 285,618 209,033 528,707 422,804 112,238 233,324(b) Food, Drink & Tobacco 1,892,400 3,538,995 2,026,115 4,238,414 2,562,415 1,912,513 1,954,979(c) Paper, Printing & Publishing 230,440 268,972 157,561 115,242 132,431 128,022 116,819(d) Textile, Leather and Footwear 151,628 188,159 123,615 113,905 152,889 134,235 166,996(e) Furniture, Fixture and Wood Products 89,809 130,708 259,794 260,740 465,735 648,167 647,682(f) Metal Products 216,348 271,784 319,223 345,183 355,426 379,154 237,634(g) Cement & Clay Products 370,052 869,018 701,321 851,910 1,003,793 1,087,646 981,037(h) Chemicals & Chemical Products 135,930 70,450 101,468 337,751 943,525 648,803 374,787(i) Other 1,250,704 1,910,857 2,361,020 2,510,794 3,353,946 3,245,322 3,058,036

4. Construction & Land Development 5,512,311 8,045,537 8,977,370 12,902,118 19,909,360 21,962,553 18,487,912(a) Construction 5,149,328 7,586,534 7,881,569 11,242,811 18,433,556 21,139,999 17,734,419(b) Land Development 136,490 204,380 783,482 1,299,337 1,239,189 545,299 596,680(c) Land Acquisition 226,493 254,623 312,319 359,970 236,615 277,255 156,813

5. Financial Institutions 614,826 1,425,759 749,734 1,160,368 1,027,752 944,145 1,677,3756. Transport, Storage & Communication 5,209,236 3,705,752 8,191,314 11,468,156 7,810,982 8,993,260 11,911,5897. Electricity, Gas & Water 746,328 190,098 2,405,317 3,353,462 4,882,390 4,590,927 5,733,5248. Government Services 32,571,144 27,936,979 31,663,196 30,775,417 33,898,240 30,138,267 22,837,320

(a) Central Government 7,994,575 5,934,608 6,090,695 5,627,468 12,639,417 11,044,879 9,793,679(b) Local Government 3,890 941 348 4,517 6,982 1,477 39(c) Selected Public Entities 12,997,521 10,223,061 13,275,144 15,790,131 19,995,953 15,086,881 12,189,529(d) Other Public Entities 11,575,158 11,778,369 12,297,009 9,353,301 1,255,888 4,005,030 854,073

9. Distribution 8,650,979 11,900,443 18,728,731 23,099,567 25,548,697 27,901,072 30,477,25010. Tourism 22,917,677 24,282,298 29,562,840 40,769,013 39,649,517 31,153,520 33,983,91211. Entertainment 274,146 291,237 285,748 414,752 530,921 448,362 513,88512. Professional & Other Services 7,680,780 9,237,159 11,826,496 16,769,574 16,675,299 17,326,334 17,098,84613. Personal 41,155,246 55,957,491 73,775,901 90,863,496 90,761,501 94,640,184 109,590,099

(a) Local Residents 41,138,840 55,921,595 73,729,795 84,877,324 83,716,560 87,881,669 102,153,988(b) Overseas Residents 16,406 35,896 46,106 5,986,172 7,044,941 6,758,515 7,436,111

TOTAL 132,095,303 153,449,167 195,102,938 246,167,524 256,389,862 251,340,633 266,044,204

ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES

~ 36 ~

Table 12b

Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11

Agriculture 4,519,525 4,474,075 4,459,551 4,420,477 4,409,702 4,428,387 4,440,131 5,123,535 5,059,609 4,909,902 4,737,337 5,060,629 5,366,124Production 4,352,404 4,310,830 4,288,363 4,253,042 4,260,686 4,249,688 4,256,335 4,946,508 4,876,064 4,145,640 3,970,481 4,274,610 4,847,285Marketing 165,005 161,156 169,203 165,553 147,209 176,948 152,223 146,057 153,186 734,431 737,621 757,311 490,659Land Acquisition 2,116 2,089 1,985 1,882 1,807 1,751 31,573 30,970 30,359 29,831 29,235 28,708 28,180Mining 426,384 419,034 422,179 431,743 479,205 519,494 480,927 514,461 538,087 493,535 600,304 515,126 595,074Manufacturing 8,296,100 8,137,649 8,578,624 8,476,793 8,388,746 8,126,888 8,376,962 7,187,884 7,413,481 7,792,702 8,239,266 7,780,664 7,771,294Sugar, Rum & Molasses 112,238 108,002 106,433 105,491 103,234 209,337 197,023 186,111 200,145 177,229 189,261 270,803 233,324Food, Drink & Tobacco 1,912,513 1,902,040 1,806,823 1,804,557 1,791,029 1,646,175 2,015,627 1,799,354 1,777,361 1,955,543 2,590,591 1,997,493 1,954,979Paper, Printing & Publishing 128,022 119,332 128,899 102,132 104,097 98,701 114,719 112,370 108,830 124,204 110,537 113,921 116,819Textile, Leather and Footwear 134,235 136,253 143,508 140,747 134,666 149,784 152,555 153,879 142,905 142,723 152,185 171,141 166,996Furniture, Fixture and Wood Products 648,167 633,570 641,155 641,835 614,448 608,763 630,036 638,462 637,350 658,013 653,557 660,787 647,682Metal Products 379,154 377,336 383,395 238,367 223,266 223,542 227,020 222,816 219,000 214,465 217,661 228,482 237,634Cement & Clay Products 1,087,646 884,992 1,036,034 1,020,913 974,660 943,118 939,815 906,065 909,841 1,087,097 1,027,707 1,007,696 981,037Chemicals & Chemical Products 648,803 569,541 821,438 814,393 740,700 752,811 1,096,088 305,408 316,645 437,799 372,819 408,735 374,787Other 3,245,322 3,406,583 3,510,939 3,608,358 3,702,646 3,494,657 3,004,079 2,863,419 3,101,404 2,995,629 2,924,948 2,921,606 3,058,036Construction & Land Development 21,962,553 20,509,033 20,594,211 19,989,756 19,976,490 20,125,726 20,023,672 20,338,590 20,463,732 19,815,892 19,859,161 19,833,933 18,487,912Construction 21,139,999 19,754,876 19,854,191 19,259,281 19,225,270 19,453,102 19,350,170 19,705,600 19,868,889 19,032,259 19,068,598 19,063,788 17,734,419Land Development 545,299 538,716 527,956 520,640 536,873 468,102 468,228 425,495 394,202 604,248 617,404 616,628 596,680Land Acquisition 277,255 215,441 212,064 209,835 214,347 204,522 205,274 207,495 200,641 179,385 173,159 153,517 156,813Financial Institutions 944,145 945,575 1,037,129 933,726 933,080 880,788 922,814 1,135,903 1,132,191 1,293,938 1,126,457 1,193,297 1,677,375Transport, Storage & Communication 8,993,260 9,143,129 9,165,289 8,917,955 8,611,189 8,869,789 9,067,872 9,085,850 8,739,171 9,095,816 9,020,012 8,898,192 11,911,589Transportation by Land, Water or Air 4,807,732 4,708,714 4,667,188 4,562,463 4,505,220 4,509,746 4,604,772 4,490,248 4,414,291 4,347,105 4,332,040 4,531,970 4,626,836Harbour Facilities, Storage & Warehousing 287,475 283,524 283,940 284,593 279,509 565,126 561,253 554,556 543,321 537,684 539,621 529,173 526,054Communication 3,898,053 4,150,891 4,214,161 4,070,899 3,826,460 3,794,917 3,901,847 4,041,046 3,781,559 4,211,027 4,148,351 3,837,049 6,758,699Electricity, Gas & Water 4,590,927 4,270,493 5,490,835 6,026,621 5,909,640 6,059,703 6,060,993 5,456,972 5,477,267 5,671,676 5,735,935 5,655,165 5,733,524Government Services 30,138,267 28,858,338 30,196,096 27,685,858 28,398,447 29,261,561 29,827,288 29,742,778 26,253,364 24,785,877 25,818,159 24,024,647 22,837,320Central Government 11,044,879 11,011,777 11,027,650 10,878,597 10,518,329 10,586,171 10,400,446 10,542,963 10,421,486 10,136,763 9,974,661 10,000,232 9,793,679Local Government 1,477 1,408 1,746 1,097 879 426 33 33 33 359 33 33 39Selected Public Entities 15,086,881 13,834,893 15,159,308 12,897,188 14,026,163 14,817,097 15,530,874 15,364,382 14,898,757 13,790,367 14,963,134 13,106,649 12,189,529Other Public Entities 4,005,030 4,010,260 4,007,392 3,908,976 3,853,076 3,857,867 3,895,935 3,835,400 933,088 858,388 880,331 917,733 854,073Distribution 27,901,072 26,872,889 27,078,267 28,000,269 28,720,436 29,160,133 26,150,894 27,319,742 27,139,477 26,955,291 27,154,475 28,495,097 30,477,250Tourism 31,153,520 32,432,392 32,588,187 30,602,492 30,299,901 30,801,104 30,916,010 30,965,877 30,995,299 31,497,311 31,604,894 31,799,716 33,983,912Entertainment 448,362 419,932 404,491 418,437 406,775 391,066 421,353 413,566 444,998 483,844 513,272 501,756 513,885Professional & Other Services 17,326,334 16,995,949 16,947,048 17,566,371 17,362,532 17,483,759 16,914,513 16,552,208 16,150,423 16,201,827 16,012,513 16,543,615 17,098,846Personal (Local Residents) 87,881,669 87,608,032 88,289,099 88,710,896 90,072,690 91,032,359 92,923,851 93,992,355 95,527,116 97,236,936 98,565,948 100,336,170 102,153,988Overseas Residents 6,758,515 6,738,274 6,680,416 6,742,854 6,727,202 6,818,733 6,845,654 7,458,909 7,446,841 7,448,549 7,453,032 7,448,593 7,436,111

Total 251,340,633 247,824,794 251,931,422 248,924,248 250,696,035 253,959,490 253,372,934 255,288,630 252,781,056 253,683,096 256,440,765 258,086,600 266,044,204

COMMERCIAL BANKS MONTHLY LOANS & ADVANCES

~ 37 ~

Table 12c

US$000 % of Total US$000 % of Total US$000 % of Total

Public Sector 277,179 21.5 216,033 18.5 204,460 16.8

(a) Central Government 76,657 6.0 70,497 6.0 68,492 5.6(b) Local Government(c) Selected Public Entities 161,394 12.5 138,001 11.8 129,097 10.6(d) Other Public Entities 39,128 3.0 7,535 0.6 6,871 0.6

Financial Institutions 9,098 0.7 9,364 0.8 9,338 0.8

Private Sector 1,001,746 77.8 942,732 80.7 1,005,682 82.5

(a) Agriculture 19,135 1.5 22,531 1.9 21,618 1.8(b) Mining, Quarrying & Processing 281 0.0 108 0.0 5 0.0(c) Manufacturing 29,549 2.3 28,779 2.5 27,472 2.3(d) Construction & Land Development 168,815 13.1 151,823 13.0 136,944 11.2(e) Transport, Storage & Communication 51,172 4.0 43,142 3.7 78,241 6.4( f) Electricty, Gas and Water 43,551 3.4 54,254 4.6 53,716 4.4(g) Distribution 105,298 8.2 86,282 7.4 103,647 8.5(h) Tourism 353,689 27.5 332,415 28.5 358,567 29.4( I) Entertainment 1,117 0.1 1,675 0.1 1,329 0.1( j) Professional & Other Services 77,864 6.0 72,771 6.2 73,695 6.0(k) Personal (Non-Business Loans to Individuals) 76,746 6.0 73,162 6.3 74,606 6.1( l) Loans to Overseas Residents 74,529 5.8 75,790 6.5 75,842 6.2

TOTAL 1,288,023 100.0 1,168,129 100.0 1,219,480 100.0

Dec. 2010 Nov. 2011 Dec. 2011

COMMERCIAL BANKS MONTHLY ANALYSIS OF FOREIGN CURRENCY LOANS AND ADVANCES

~ 38 ~

Table 12d

J$000End ofPeriod

DomesticCurrency

ForeignCurrency Total




Commercial Bank Loans by Currency

~ 39 ~

Table 13

J$000End of Period

DomesticCurrency

ForeignCurrency Total




Commercial Bank Credit Card Receivables

~ AN ~

Other Financial Institutions Tables 14 to 23

Table Page

Table 14 FIA Institutions’ Assets & Liabilities 41 Table 15a FIA Institutions’ Loans & Advances (end of Year) 42 Table 15b FIA Institutions’ Loans & Advances 43 Table 16 FIA Institutions’ Statutory Liquidity 44

Table 17 Building Societies’ Summary of Assets and Liabilities 46 Table 18 Building Societies’ Classification of New Mortgages 47 Table 19 Building Societies’ Flow of Funds 48

Table 20a Credit Unions’ Assets 50 Table 20b Credit Unions’ Liabilities 51 Table 21a Credit Unions’ Loans & Advances 52 Table 21b Credit Unions’ Deposit/Shares 53 Table 22 Credit Unions’ Number of Members and Accounts 54

Table 23 Other Financial Corporations’ Total Assets 55


~ AO ~

List & Number of FIA Institutions At End December

- FIA Institutions:

o Citimerchant Bank transferred its assets and liabilities to Citibank N.A (Jamaica) effective 31 October 2006 and surrendered its deposit taking license on 5 March 2007.

o DBG Merchant Bank was renamed Scotia DBG Merchant Bank Ltd effective 19 March 2008 after Scotia Group Jamaica Ltd acquired the majority interest in Dehring, Bunting & Golding Ltd, the parent company of DB&G Merchant Bank.

o The license of Scotia DBG Merchant Bank Limited was surrendered and its operations merged with those of Bank of Nova Scotia Jamaica Ltd, effective 1 October 2010.

o Pan Caribbean Merchant Bank Limited surrendered its merchant banking license effective 23 June 2008.

2007 2008 2009 2010 2011

1 CCM Capital & Credit Merchant Bank Ltd

2 CITIMER Citimerchant Bank Ltd - - - - -

3 DB&G DB&G Merchant Bank Ltd - - -

4 MF&G MF&G Trust and Finance Ltd

5PANCARIB Pan Caribbean Merchant Bank Ltd - - -

6SCOTIADBG Scotia DBG Merchant Bank Ltd - - -

Total Number of FIA Institutions at Year End 4 3 3 2 2

~ 40 ~

Figure 14

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Dec. 2004 Dec. 2005 Dec. 2006 Dec. 2007 Dec. 2008 Dec. 2009 Dec. 2010 Dec. 2011

J$M

n.

End of Period

FIA Institutions' Loans & Advances

Public Sector Financial Institutions Private Sector

~ 41 ~

Table 14

of F.I.A. InstitutionsJ$000

End of Period

Capitaland

ReservesForeign

Liabilities Deposits

Balances Dueto Banks &

Institutions InJamaica


Cash & Deps.With Banks &Institutions In

JamaicaForeign

AssetsLoans &

Advances

JamaicaGovt.

SecuritiesOtherAssets

2010Jan. 4,364,234 600,680 12,309,771 6,208,049 9,201,629 32,684,363 1,255,047 14,693,331 9,597,025 1,208,746 5,930,214Feb. 4,473,186 541,965 12,185,992 6,156,150 9,282,495 32,639,788 1,339,406 14,721,611 9,458,944 1,196,823 5,923,004Mar. 4,625,941 286,885 12,280,623 5,678,801 9,466,578 32,338,828 1,189,843 14,976,391 9,297,721 1,522,254 5,352,619Apr. 4,507,109 293,221 11,884,768 3,638,154 10,708,191 31,031,443 2,307,492 12,472,049 9,298,375 1,904,469 5,049,058May 4,398,781 307,248 12,047,696 3,529,377 8,914,045 29,197,147 1,254,463 12,627,572 9,105,312 1,979,418 4,230,382Jun. 4,606,139 263,491 11,252,154 3,408,398 9,125,939 28,656,121 1,209,970 11,997,410 9,033,248 2,227,505 4,187,988Jul. 4,610,663 261,907 10,829,481 3,486,325 9,371,244 28,559,620 1,079,968 12,064,022 8,978,730 2,472,306 3,964,594Aug. 4,562,996 221,183 10,588,912 2,496,418 9,917,067 27,786,576 1,170,939 11,812,203 8,785,147 2,297,857 3,720,430Sep. 4,569,876 232,189 10,295,309 1,025,911 11,645,408 27,768,693 1,142,822 11,676,384 8,762,661 2,420,490 3,766,336Oct. 3,734,595 213,695 8,531,609 715,078 11,893,815 25,088,792 960,161 11,585,797 7,150,661 2,150,718 3,241,455Nov. 3,739,572 372,637 8,457,685 710,881 11,585,180 24,865,955 1,010,530 11,539,087 7,279,560 1,796,921 3,239,857Dec. 4,063,403 191,278 8,361,019 714,834 11,461,348 24,791,882 1,000,733 11,731,614 7,250,102 1,523,518 3,285,915

2011Jan. 4,258,420 280,337 8,371,496 715,771 11,512,622 25,138,646 1,168,823 11,814,940 7,252,804 2,026,378 2,875,701Feb. 4,118,557 431,582 8,527,917 709,922 12,182,613 25,970,591 1,029,906 12,591,669 7,134,694 2,262,218 2,952,104Mar. 4,576,384 329,497 8,535,780 746,215 11,802,831 25,990,707 1,184,698 12,592,182 7,147,756 2,350,407 2,715,664Apr. 4,783,946 91,304 7,427,932 739,625 11,501,582 24,544,389 1,140,148 11,357,293 7,030,332 2,293,664 2,722,952May 4,873,390 306,442 7,071,041 733,354 10,216,915 23,201,142 1,066,808 10,487,822 7,013,607 2,011,986 2,620,919Jun. 4,885,244 331,628 7,130,466 716,749 9,992,878 23,056,965 956,036 10,800,133 6,970,701 1,738,658 2,591,437Jul. 4,849,263 310,433 7,123,206 710,955 9,591,943 22,585,800 973,007 10,742,376 6,866,039 1,425,424 2,578,954Aug. 4,774,481 267,775 7,009,164 704,637 9,878,552 22,634,609 1,383,844 10,704,284 6,717,186 947,662 2,881,633Sep. 4,571,381 276,734 6,822,967 682,213 8,961,275 21,314,570 911,076 10,160,703 6,694,680 887,169 2,660,942Oct. 4,763,628 185,025 6,770,499 719,524 8,980,479 21,419,155 852,648 10,286,727 6,771,418 852,815 2,655,547Nov. 4,688,525 217,722 6,644,112 714,023 9,297,581 21,561,963 906,813 10,002,439 6,782,968 1,059,203 2,810,540Dec. 4,604,403 153,407 6,556,037 696,231 9,683,426 21,693,504 841,456 9,876,213 6,885,449 872,482 3,217,904

L I A B I L I T I E S A S S E T S

CONSOLIDATED ASSETS AND LIABILITIES

~ 42 ~

Table 15a

J$000

Dec. 2004 Dec. 2005 Dec. 2006 Dec. 2007 Dec. 2008 Dec. 2009 Dec. 2010 Dec. 2011

Public Sector 684,015 475,721 359,968 435,392 126,883 135,144 100,600 367

(a) Central Government 310,310 326,259 335,150 340,267 120,323 119,107 99,867 0(b) Local Government 0 731 269 503 0 0 0 0(c) Selected Public Entities 250,410 73,653 16,536 0 11,117 0 0(d) Other Public Entities 123,295 75,078 8,013 94,622 6,560 4,920 733 367

Financial Institutions 0 9,358 10,495 641,290 627,408 501,867 332,101 143,604

Private Sector 6,168,584 8,185,178 10,776,274 13,130,525 10,064,213 9,054,373 6,817,401 6,741,478

(a) Agriculture 315,493 531,035 1,037,014 1,029,566 28,351 18,672 25,144 19,660(b) Mining, Quarrying & Processing 20,372 27,501 19,902 10,233 47,261 32,294 0 0(c) Manufacturing 269,262 474,755 423,542 519,109 363,530 340,430 387,513 334,556(d) Construction & Land Development 1,266,029 1,489,221 1,663,875 2,977,483 2,514,896 2,211,679 2,083,195 2,270,803(e) Transport Storage & Communication 427,926 361,290 609,187 842,151 443,362 259,706 18,525 7,551(f) Electricity, Gas & Water 176,334 177,285 10,154 14,596 207,558 14,503 113,619 1,003(g) Distribution 920,963 1,132,169 1,874,644 1,762,956 1,276,589 1,184,517 479,325 278,205(h) Tourism 335,566 847,166 995,794 810,654 283,505 459,862 301,168 312,721(I) Entertainment 68,856 71,760 106,309 89,297 24,515 21,311 22,552 2,010(j) Professional & Other Services 1,711,557 1,548,821 1,324,818 1,534,390 1,601,921 2,101,398 1,665,550 1,852,266(k) Personal (Non-Business Loans to Individuals) 650,265 1,174,621 1,984,336 2,767,883 2,451,900 1,863,560 1,720,810 1,662,703(l) Loans to Overseas Residents 5,961 349,554 726,699 772,207 820,825 546,441 0 0

TOTAL 6,852,599 8,670,257 11,146,737 14,207,207 10,818,504 9,691,384 7,250,102 6,885,449

ANALYSIS OF F.I.A. LOANS AND ADVANCES

~ 43 ~

Table 15b

J$000 % of Total J$000 % of Total J$000 % of Total

Public Sector 100,600 1.4 367 0.0 367 0.0

(a) Central Government 99,867 1.37 0 0.0 0 0.0(b) Local Government 0 0.0 0 0.0 0 0.0(c) Selected Public Entities 0 0.0 0 0.0 0 0.0(d) Other Public Entities 733 0.0 367 0.0 367 0.0

Financial Institutions 332,101 5.1 145,190 2.1 143,604 2.1

Private Sector 6,817,401 93.5 6,637,411 97.9 6,741,478 97.9

(a) Agriculture 25,144 0.3 19,964 0.3 19,660 0.3(b) Mining, Quarrying & Processing 0 0.0 0 0.0 0 0.0(c) Manufacturing 387,513 5.3 298,319 4.4 334,556 4.9(d) Construction & Land Development 2,083,195 28.6 2,272,765 33.5 2,270,803 33.0(e) Transport, Storage & Communication 18,525 0.3 668 0.0 7,551 0.0( f) Electricty, Gas and Water 113,619 1.6 1,003 0.0 1,003 0.0(g) Distribution 479,325 6.6 282,693 4.2 278,205 4.0(h) Tourism 301,168 4.1 321,115 4.7 312,721 4.5( I) Entertainment 22,552 0.3 2,010 0.0 2,010 0.0( j) Professional & Other Services 1,665,550 22.8 1,779,231 26.2 1,852,266 26.9(k) Personal (Non-Business Loans to Individuals) 1,720,810 23.6 1,659,643 24.5 1,662,703 24.2( l) Loans to Overseas Residents 0 0.0 0 0.0 0 0.0

TOTAL 7,250,102 100.0 6,782,968 100.0 6,885,449 100.0

Nov. 2011 Dec. 2011Dec. 2010

MONTHLY ANALYSIS OF FIA'S LOANS & ADVANCES

~ 44 ~

Table 16

J$000

End of Period

AverageDeposit

Liabilities

RequiredMinimumLiquidity

AverageLiquidity

% ofAverageDeposits

ExcessLiquidity

2009Jan. 3,522,087 950,963 937,594 26.6 -13,369Feb. 3,312,523 927,506 1,102,884 33.3 175,378Mar. 3,651,689 1,022,473 1,002,767 27.5 -19,706Apr. 3,434,433 961,641 900,413 26.2 -61,228May 3,415,597 956,367 913,424 26.7 -42,943Jun. 3,430,633 960,577 1,136,931 33.1 176,354Jul. 3,512,395 983,471 1,253,638 35.7 270,167Aug. 3,525,874 987,245 1,214,201 34.4 226,956Sep 3,637,844 1,018,596 1,023,906 28.1 5,310Oct. 3,689,399 1,033,032 1,046,971 28.4 13,939Nov. 3,760,827 1,053,032 1,078,385 28.7 25,353Dec. 3,830,267 1,072,475 1,119,053 29.2 46,578

2010Jan. 3,907,165 1,094,006 1,268,196 32.5 174,190Feb. 4,008,239 1,122,307 1,207,873 30.1 85,566Mar. 3,861,163 1,081,126 1,163,732 30.1 82,606Apr. 3,440,319 963,289 948,278 27.6 -15,011May 4,063,596 1,137,807 1,626,094 40.0 488,287Jun. 4,038,803 1,130,865 1,411,300 34.9 280,435Jul. 4,033,818 1,129,469 1,124,065 27.9 -5,404Aug. 3,893,460 1,090,169 1,139,237 29.3 49,068Sep. 3,873,441 1,084,563 1,152,494 29.8 67,931Oct. 3,480,565 974,558 1,027,151 29.5 52,593Nov. 3,485,360 975,901 1,005,313 28.8 29,412Dec. 3,528,114 987,872 992,269 28.1 4,397

2011Jan. 3,455,580 967,562 967,143 28.0 -419Feb. 3,411,746 955,289 960,794 28.2 5,505Mar. 3,327,963 931,830 1,038,198 31.2 106,368Apr. 3,424,512 958,863 1,024,225 29.9 65,362May 3,366,033 942,489 990,131 29.4 47,641Jun. 3,348,945 937,705 1,030,817 30.8 93,112Jul. 3,459,022 968,526 1,047,871 30.3 79,345Aug. 3,377,083 945,583 1,058,238 31.3 112,655Sep. 3,301,857 924,520 1,011,895 30.7 87,375Oct. 3,284,149 919,562 1,021,730 31.1 102,168Nov. 3,180,850 827,021 1,040,471 32.7 213,450Dec. 3,103,165 806,823 1,048,056 33.8 241,233

F.I.A. INSTITUTIONS - STATUTORY DOMESTIC LIQUIDITY

~ AS ~

List & Number of Building Societies At End December

2007 2008 2009 2010 2011

1 FCIBS First Caribbean International Building Society

2 JNBS Jamaica National Building Society

3 SJBS Scotia Jamaica Building Society

4 VMBS Victoria National Building Society

Total Number of Building Societies at Year End 4 4 4 4 4

~ 45 ~

Figure 17

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

J$M

n.

End of Period

Building Societies' Deposits & Loans

Savings Fund Loans & Advances

~ 46 ~

Table 17

J$000

End of Period

Capital andReserves

ForeignLiabilities Savings Fund

Bals. due toBks. & Insts.

In JamaicaOther

Liabilities Total

Cash & Deps.with Bks. &

Insts. in Jam.Foreign

AssetsLoans &

Advances

JamaicaGovt.

SecuritiesOtherAssets

2010Jan. 18,576,855 3,217,549 111,262,406 18,079,302 10,816,677 161,952,789 13,250,459 20,980,892 84,867,621 11,669,089 31,184,728Feb. 18,735,628 3,410,277 110,314,969 18,104,401 10,876,586 161,441,861 9,581,674 23,962,096 85,233,718 13,418,572 29,245,801Mar. 18,791,118 2,958,832 111,242,659 18,432,404 10,320,657 161,745,670 5,539,807 28,094,953 85,375,377 12,308,964 30,426,569Apr. 18,811,330 3,083,993 112,192,275 18,238,156 9,966,438 162,292,192 5,820,485 27,852,279 84,853,911 11,900,258 31,865,259May 18,831,477 3,183,376 111,300,118 18,656,075 10,381,754 162,352,800 4,521,073 26,342,990 85,139,695 11,997,500 34,351,542Jun. 19,242,800 3,314,833 111,696,834 18,397,450 9,888,881 162,540,798 4,807,386 25,096,298 84,927,351 12,053,472 35,656,291Jul. 21,216,853 3,411,788 112,627,641 18,412,530 8,570,720 164,239,532 5,165,268 25,597,901 85,185,204 12,988,395 35,302,764Aug. 21,316,706 3,630,370 112,384,795 18,534,858 8,716,192 164,582,921 5,285,953 26,097,769 85,641,370 13,376,644 34,181,185Sep. 21,281,230 3,549,874 114,473,007 18,716,433 8,434,415 166,454,959 5,252,433 25,025,025 85,980,716 13,533,688 36,663,097Oct. 21,408,767 3,676,655 114,974,215 18,781,482 9,340,393 168,181,512 5,965,481 25,387,916 86,454,308 13,607,717 36,766,090Nov. 21,815,231 3,840,487 114,751,898 18,909,263 9,671,153 168,988,032 5,814,756 25,230,726 86,723,496 13,670,655 37,548,399Dec. 21,968,561 3,590,076 115,890,575 19,093,483 8,735,103 169,277,798 5,236,559 24,795,391 87,260,626 13,449,603 38,535,619

2011Jan. 22,066,818 3,635,813 116,713,034 19,073,618 9,138,887 170,628,170 2,661,470 25,216,212 87,373,717 14,433,800 40,942,971Feb. 22,322,440 3,830,811 118,001,509 19,276,885 9,920,343 173,351,988 2,700,975 25,163,029 87,334,481 15,939,274 42,214,229Mar. 23,833,526 3,547,100 119,037,076 19,820,711 8,828,249 175,066,662 2,657,379 27,036,055 87,646,974 15,748,745 41,977,509Apr. 24,770,256 3,702,702 119,720,445 19,822,017 9,033,125 177,048,545 2,881,006 28,135,388 87,562,255 15,278,342 43,191,554May 25,030,521 3,761,490 119,803,005 20,038,527 9,384,642 178,018,185 2,913,869 26,822,963 87,708,535 19,137,169 41,435,649Jun. 25,285,593 6,622,413 119,864,379 20,287,475 9,209,941 181,269,801 3,008,472 29,201,830 87,859,512 19,973,282 41,226,705Jul. 25,260,322 7,788,822 120,730,547 20,417,363 9,718,652 183,915,706 2,851,438 31,207,147 87,867,090 20,035,598 41,954,433Aug. 25,221,928 7,891,705 120,774,990 20,507,180 10,054,797 184,450,600 2,762,516 31,174,670 88,013,877 23,103,293 39,396,244Sep. 25,140,089 7,937,212 120,554,301 20,599,188 10,128,737 184,359,527 2,813,545 30,754,946 88,193,248 23,364,713 39,233,075Oct. 25,339,858 7,821,590 120,976,966 20,705,755 11,005,211 185,849,380 2,720,746 31,698,389 89,026,199 22,764,923 39,639,123Nov. 25,227,597 7,894,837 120,408,741 20,867,482 11,658,463 186,057,120 2,986,160 31,766,797 89,485,150 23,607,023 38,211,990Dec. 25,106,990 8,211,343 121,783,288 21,087,556 10,734,210 186,923,387 3,103,361 32,987,570 89,339,580 24,171,427 37,321,449

Summary of Assets & LiabilitiesBUILDING SOCIETIES

L I A B I L I T I E S A S S E T S

~ 47 ~

Table 18

J$000

End of Period

OwnerOccupied

HousingSchemes Tenanted

UndevelopedBuilding

Lots &Land CommercialSemi-

ResidentialAgriculture

& Other Total

2004Mar. 1,271,959 148,759 1,200 66,870 46,153 56,451 1,591,392Jun. 1,296,299 198,789 73,931 3,000 28,089 1,600,108Sep. 1,413,217 216,308 1,037 115,023 27,400 37,428 1,810,413Dec. 1,516,279 548,821 6,639 134,617 37,751 67,337 2,311,444

2005Mar. 1,308,562 550,149 85,281 67,245 69,676 2,080,913Jun. 1,406,692 546,174 4,000 66,768 231,171 112,110 2,366,915Sep. 1,422,449 372,811 87,798 27,330 2,000 66,842 1,979,230Dec. 1,878,839 230,871 2,250 136,157 29,390 10,100 153,583 2,441,190

2006Mar. 2,020,097 335,191 136,895 60,655 210,944 2,763,782Jun. 1,678,303 227,126 5,300 101,182 26,003 171,965 2,209,879Sep. 1,091,633 404,137 26,075 197,246 13,350 389,421 2,121,862Dec. 2,111,965 437,059 26,075 286,316 9,600 411,676 3,282,691

2007Mar. 2,274,968 83,402 172,410 52,500 223,033 2,806,313Jun. 2,430,772 174,795 176,867 8,400 251,501 3,042,335Sep. 3,246,029 408,160 227,643 113,050 195,296 4,190,178Dec. 4,729,152 329,939 328,553 22,800 58,066 5,468,510

2008Mar. 4,080,616 1,288,560 191,505 44,150 388 5,605,219Jun. 3,631,090 564,045 193,512 30,113 7,701 4,426,461Sep. 3,347,340 880,774 179,139 45,740 819 4,453,812Dec. 3,538,254 536,645 224,024 14,800 5,000 4,318,723

2009Mar. 3,156,446 299,515 198,875 38,350 2,991 3,696,177Jun. 2,194,421 360,563 145,825 67,500 13,644 2,781,953Sep. 1,874,901 133,254 119,023 10,490 9,891 2,147,559Dec. 1,764,626 241,141 148,531 12,000 3,199 2,169,497

2010Mar. 1,983,907 166,393 118,355 19,780 2,288,435Jun. 1,708,797 124,776 68,938 1,902,511Sep. 1,915,873 220,959 88,509 2,225,341Dec. 1,769,996 219,756 135,317 3,750 8,421 2,137,240

2011Mar. 1,535,664 283,482 129,081 18,000 1,966,227Jun. 1,332,188 83,614 17,894 15,835 58,000 1,507,531Sep. 1,865,294 192,694 29,565 60,924 2,300 2,150,777Dec. 2,228,246 283,583 11,917 48,205 2,571,951

BUILDING SOCIETIESClassification of New Mortgage Loans

~ 48 ~

Table 19

J$000

End of Period Receipts Withdrawals Net Savings Loans Made

Repaid(Principal

Only) Net Advances

2009 212,705,415 195,897,056 16,808,359 14,390,065 5,907,887 8,482,178Jan. 17,540,982 15,268,901 2,272,081 1,538,563 121,036 1,417,527Feb. 16,250,684 14,230,000 2,020,684 1,477,491 234,249 1,243,242Mar. 20,488,494 17,352,952 3,135,542 1,214,463 321,832 892,631Apr. 16,759,983 15,328,009 1,431,974 805,439 363,154 442,285May 17,157,067 15,087,022 2,070,045 1,191,276 356,215 835,061Jun. 17,913,841 16,626,477 1,287,364 2,458,851 553,268 1,905,583Jul. 19,410,691 19,044,980 365,711 1,009,418 873,880 135,538Aug. 16,372,485 16,209,470 163,015 774,346 371,791 402,555Sep. 17,156,907 16,134,273 1,022,634 902,074 1,177,272 -275,198Oct. 17,041,161 15,690,704 1,350,457 1,327,233 489,767 837,466Nov. 15,467,830 15,030,774 437,056 717,276 510,434 206,842Dec. 21,145,290 19,893,494 1,251,796 973,635 534,989 438,646

2010 218,425,572 212,628,629 5,796,943 11,117,368 8,436,979 2,680,389Jan. 19,215,139 18,046,365 1,168,774 772,564 485,180 287,384Feb. 16,495,347 17,442,784 -947,437 831,899 465,802 366,097Mar. 20,688,238 19,760,548 927,690 1,105,510 963,851 141,659Apr. 17,739,905 16,790,289 949,616 507,429 1,028,895 -521,466May 15,706,636 16,598,793 -892,157 832,478 546,694 285,784Jun. 18,530,434 18,133,718 396,716 672,524 884,868 -212,344Jul. 18,606,945 17,676,138 930,807 850,529 592,676 257,853Aug. 17,165,154 17,408,000 -242,846 1,100,475 644,309 456,166Sep. 16,913,511 14,825,299 2,088,212 868,806 529,460 339,346Oct. 17,602,507 17,101,299 501,208 1,512,870 1,039,278 473,592Nov. 18,733,929 18,956,246 -222,317 1,044,455 775,267 269,188Dec. 21,027,827 19,889,150 1,138,677 1,017,829 480,699 537,130

2011 191,174,869 185,282,156 5,892,713 13,199,979 11,121,025 2,078,954Jan. 17,415,841 16,593,382 822,459 1,615,975 1,502,884 113,091Feb. 17,520,508 16,232,033 1,288,475 751,409 790,645 -39,236Mar. 19,071,980 18,036,413 1,035,567 1,092,758 780,265 312,493Apr. 17,498,690 16,815,321 683,369 811,907 896,626 -84,719May 14,899,379 14,816,819 82,560 759,705 613,425 146,280Jun. 15,353,529 15,292,155 61,374 1,184,681 1,033,704 150,977Jul. 14,932,016 14,065,848 866,168 950,943 943,365 7,578Aug. 15,479,239 15,434,796 44,443 967,211 820,424 146,787Sep. 14,613,300 14,833,989 -220,689 1,030,994 851,623 179,371Oct. 14,029,994 13,607,329 422,665 1,328,978 496,027 832,951Nov. 14,146,307 14,714,532 -568,225 1,370,320 911,369 458,951Dec. 16,214,086 14,839,539 1,374,547 1,335,098 1,480,668 -145,570

BUILDING SOCIETIES: FLOW OF FUNDS

~ AU ~

Number of Credit Unions At End December

2007 2008 2009 2010 2011

Total Number of Credit Unions at Year End 48 48 47 46 44

~ 49 ~

Figure 20

0

10,000

20,000

30,000

40,000

50,000

60,000

Dec. 2006 Dec. 2007 Dec. 2008 Dec. 2009 Dec. 2010 Dec. 2011

J$M

n

End of Period

Credit Union Deposits & Loans

Loans and Advances Savings Fund

~ 50 ~

Table 20a

J$000

End of Period

Cash andPlacements Investments

SecuritiesPurchased

With a viewto Resale

Loans andAdvances

(net ofProvisions)

AccountsRecievables Fixed Assets

OtherAssets

TotalAssets

2009Jan. 7,201,578 2,693,232 3,386,478 34,290,886 1,252,016 1,368,171 965,444 51,157,805Feb. 7,596,857 2,898,734 3,020,924 34,398,978 1,408,415 1,368,132 956,437 51,648,477Mar. 8,054,780 2,907,503 3,258,829 34,271,480 1,387,511 1,390,622 1,052,876 52,323,601Apr. 8,443,874 2,861,122 3,414,501 34,344,770 1,448,843 1,397,847 1,098,473 53,009,430May 8,755,324 3,151,551 3,277,620 34,407,426 1,568,717 1,407,185 1,099,555 53,667,378Jun. 8,886,562 3,221,112 3,345,617 34,473,225 1,632,155 1,418,647 1,143,829 54,121,147Jul. 8,768,984 3,325,913 3,430,237 34,776,929 1,662,205 1,451,251 1,128,050 54,543,569Aug. 8,331,810 3,631,548 3,414,001 35,319,845 1,789,348 1,457,556 1,044,986 54,989,094Sep. 8,283,790 3,654,234 3,367,005 35,636,204 1,870,438 1,463,172 1,104,625 55,379,468Oct. 8,650,276 3,677,144 3,580,566 35,734,529 1,914,260 1,482,952 1,027,383 56,067,110Nov. 8,569,368 3,861,328 3,485,949 35,901,196 2,043,534 1,503,960 1,009,647 56,374,982Dec. 8,192,580 4,051,885 3,570,119 36,227,539 1,897,191 1,552,423 999,933 56,491,670

2010Jan. 8,560,368 4,199,980 3,581,258 36,070,655 1,918,993 1,562,180 1,020,414 56,913,848Feb. 8,389,253 4,266,782 3,699,212 36,106,075 2,274,716 1,604,263 1,134,367 57,474,668Mar. 9,180,696 4,265,063 4,132,236 35,883,928 1,804,592 1,624,226 1,034,638 57,925,379Apr. 9,611,890 4,419,689 4,299,461 35,665,165 1,721,725 1,634,936 1,014,251 58,367,117May 9,803,976 4,397,156 4,435,190 35,505,201 2,089,574 1,695,876 966,538 58,893,511Jun. 10,013,348 4,588,954 4,538,199 35,444,516 1,722,260 1,715,980 1,109,262 59,132,519Jul. 9,767,677 4,722,450 4,685,056 35,372,442 1,686,171 1,769,416 1,080,350 59,083,562Aug. 9,794,417 4,502,824 4,721,447 35,888,106 1,258,328 1,855,811 1,069,828 59,090,761Sep. 9,336,140 4,402,843 4,763,038 36,231,985 1,641,621 1,870,889 1,038,305 59,284,821Oct. 9,868,798 4,630,481 4,899,067 36,276,098 1,283,795 1,889,291 981,641 59,829,171Nov. 9,506,038 4,830,130 4,751,062 36,794,638 1,497,869 1,875,648 992,095 60,247,480Dec. 9,226,793 4,793,802 4,786,333 37,713,936 1,226,864 1,903,000 1,185,900 60,836,628

2011Jan. 8,895,113 5,067,220 4,791,470 37,964,381 1,691,943 1,927,327 1,242,018 61,579,472Feb. 9,576,049 5,218,567 4,973,132 37,841,159 1,374,682 1,925,277 1,249,090 62,157,956Mar. 9,591,824 5,254,157 5,898,153 37,819,450 1,049,367 1,956,949 1,372,667 62,942,567Apr. 9,279,750 5,514,051 5,774,767 38,008,532 1,726,991 1,993,344 1,375,763 63,673,198May 9,470,380 5,562,158 5,854,053 38,034,721 1,505,083 1,923,220 1,359,600 63,709,215Jun. 9,634,168 5,507,108 5,630,255 38,306,868 1,378,710 1,872,928 1,689,393 64,019,430Jul. 9,399,130 5,851,813 5,644,972 38,945,299 1,240,202 2,046,599 1,521,739 64,649,754Aug. 8,411,560 6,086,749 5,415,950 39,926,833 1,384,905 2,102,604 1,469,618 64,798,219Sep. 8,306,874 6,086,380 5,364,407 40,469,989 1,373,173 2,212,334 1,333,599 65,146,756Oct. 8,285,764 6,102,937 5,275,438 41,178,759 1,424,394 2,206,803 1,312,985 65,787,080Nov. 8,253,604 6,157,662 5,134,058 41,843,164 1,406,556 2,242,824 1,295,512 66,333,380Dec. 7,982,543 6,056,415 5,356,608 42,408,361 1,401,488 2,289,333 1,278,148 66,772,896

CREDIT UNIONSAssets

~ 51 ~

Table 20b

J$000

End of Period

SavingsFund

Due toCredit

UnionsAssociation

Due toCommercial

Banks

Due toSpecializedInstitutions

Due toOther

FinancialInstitutions

SecuritiesSold UnderRepurchaseAgreements

RestrictedFundingFor Staff

LoansOther

Liabilities CaptialTotal

Liabilities

2009Jan. 39,803,589 589,878 247,950 240,340 37,563 0 483,298 1,397,720 8,357,467 51,157,805Feb. 40,249,404 561,091 215,098 240,467 37,563 0 486,793 1,393,694 8,464,367 51,648,477Mar. 40,775,089 540,669 197,087 240,924 32,874 0 489,120 1,400,908 8,646,930 52,323,601Apr. 41,246,501 532,957 193,845 246,321 32,874 0 488,910 1,486,384 8,781,638 53,009,430May 41,852,567 520,343 166,704 250,627 32,874 4,283 491,164 1,630,422 8,718,394 53,667,378Jun. 42,558,409 515,623 115,535 243,539 32,274 2,350 492,313 1,614,402 8,546,702 54,121,147Jul. 42,751,961 501,077 156,584 243,565 27,538 2,021 501,045 1,608,693 8,751,085 54,543,569Aug. 42,936,867 515,256 180,743 242,740 27,538 1,691 504,670 1,668,693 8,910,896 54,989,094Sep. 43,221,721 499,193 143,652 216,606 24,108 691 508,121 1,633,223 9,132,153 55,379,468Oct. 43,672,358 484,011 163,117 191,340 22,199 0 553,004 1,626,781 9,354,300 56,067,110Nov. 43,750,623 478,735 140,903 190,976 28,549 0 553,386 1,663,688 9,568,122 56,374,982Dec. 44,036,563 486,500 81,564 181,395 24,592 0 558,316 1,635,490 9,487,250 56,491,670

2010Jan. 44,354,033 473,570 34,261 191,477 22,695 0 565,603 1,616,861 9,655,348 56,913,848Feb. 44,671,031 456,834 46,674 171,109 22,694 0 566,913 1,687,018 9,852,395 57,474,668Mar. 45,129,661 439,479 9,630 144,292 21,565 0 569,984 1,699,943 9,910,825 57,925,379Apr. 45,601,027 421,923 24,114 123,925 18,188 0 577,722 1,655,709 9,944,509 58,367,117May 46,060,424 407,839 92,784 104,020 18,188 0 576,254 1,692,105 9,941,897 58,893,511Jun. 46,683,029 394,681 23,120 77,625 17,059 0 570,201 1,577,665 9,789,139 59,132,519Jul. 46,648,271 362,433 26,978 77,687 14,230 0 570,707 1,537,616 9,845,640 59,083,562Aug. 46,697,790 252,851 50,720 81,004 14,230 0 569,928 1,643,290 9,780,948 59,090,761Sep. 46,859,335 209,862 24,717 73,613 13,861 0 582,344 1,628,019 9,893,070 59,284,821Oct. 47,201,509 183,894 36,278 73,667 9,903 0 584,465 1,724,678 10,014,777 59,829,171Nov. 47,367,017 194,475 66,963 73,721 17,861 0 587,037 1,738,976 10,201,430 60,247,480Dec. 47,839,957 335,421 28,786 74,258 6,187 0 588,312 1,732,517 10,231,190 60,836,628

2011Jan. 48,096,999 362,225 46,503 75,258 6,504 0 593,262 1,881,344 10,517,377 61,579,472Feb. 48,821,597 336,727 52,421 93,352 6,504 0 593,996 1,908,518 10,344,841 62,157,956Mar. 49,359,037 354,177 35,927 87,185 5,045 0 631,718 1,855,502 10,613,976 62,942,567Apr. 49,748,954 342,319 29,935 89,972 5,153 0 632,572 1,970,134 10,854,159 63,673,198May 50,144,678 328,620 30,839 101,144 5,153 0 634,269 1,846,164 10,618,348 63,709,215Jun. 50,406,271 333,577 41,383 94,731 3,246 0 631,088 1,762,625 10,746,509 64,019,430Jul. 50,710,987 416,843 29,781 95,731 3,246 0 624,234 1,781,753 10,987,179 64,649,754Aug. 50,662,723 380,428 48,784 177,731 3,246 0 626,899 1,779,951 11,118,457 64,798,219Sep. 50,818,685 415,865 55,539 192,384 2,117 0 669,862 1,714,280 11,278,024 65,146,756Oct. 51,065,767 518,282 27,091 214,384 48,348 0 672,049 1,738,387 11,502,772 65,787,080Nov. 51,369,485 519,813 71,355 264,383 27,897 0 671,775 1,751,590 11,657,082 66,333,380Dec. 51,597,654 714,822 28,411 291,743 1,980 0 672,594 1,722,649 11,743,043 66,772,896

LiabilitiesCREDIT UNIONS

~ 52 ~

Table 21a

J$000End of Period Consumer Loans

MortgageLoans Other Loans Total

2009Jan. 30,424,204 2,592,046 1,274,636 34,290,886Feb. 30,536,016 2,600,780 1,262,182 34,398,978Mar. 30,482,048 2,594,751 1,194,681 34,271,480Apr. 30,543,278 2,248,759 1,552,733 34,344,770May 30,551,019 2,246,350 1,610,057 34,407,426Jun. 30,628,413 2,259,935 1,584,877 34,473,225Jul. 30,956,977 2,258,752 1,561,200 34,776,929Aug. 31,496,887 2,270,157 1,552,801 35,319,845Sep. 31,776,256 2,274,651 1,585,297 35,636,204Oct. 31,916,284 2,281,532 1,536,713 35,734,529Nov. 32,047,326 2,272,756 1,581,114 35,901,196Dec. 32,416,994 2,201,938 1,608,607 36,227,539



CREDIT UNIONS Loans & Advances (net of provisons)

~ 53 ~

Table 21b

J$000

End of Period

Members'Share Savings

RegularSavings

Fixed/TermDeposits Total

2009Jan. 20,381,824 8,285,511 11,136,254 39,803,589Feb 20,492,510 8,460,610 11,296,284 40,249,404Mar 20,715,421 8,552,829 11,506,839 40,775,089Apr 20,832,757 8,636,222 11,777,522 41,246,501May 21,134,987 8,772,206 11,945,374 41,852,567June 21,438,548 8,970,795 12,149,066 42,558,409July 21,443,333 9,019,998 12,288,630 42,751,961Aug 21,449,539 9,033,820 12,453,508 42,936,867Sep 21,386,222 9,201,063 12,634,436 43,221,721Oct 21,441,117 9,390,693 12,840,548 43,672,358Nov 21,413,036 9,489,911 12,847,676 43,750,623Dec 21,429,241 9,501,402 13,105,920 44,036,563

2010Jan. 21,440,870 9,537,795 13,375,368 44,354,033Feb. 21,489,456 9,744,617 13,436,958 44,671,031Mar 21,731,243 9,755,604 13,642,814 45,129,661Apr 21,916,945 9,945,787 13,738,295 45,601,027May 22,064,437 10,063,004 13,932,983 46,060,424Jun 22,243,748 10,288,503 14,150,778 46,683,029Jul 22,037,736 10,290,928 14,319,607 46,648,271Aug 22,049,316 10,322,796 14,325,678 46,697,790Sep 22,069,043 10,407,144 14,383,148 46,859,335Oct 22,192,351 10,547,056 14,462,102 47,201,509Nov 22,210,591 10,599,832 14,556,594 47,367,017Dec 22,476,116 10,691,981 14,671,860 47,839,957

2011Jan. 22,523,084 10,764,773 14,809,142 48,096,999Feb. 22,676,191 10,929,811 15,215,595 48,821,597Mar 22,944,268 11,098,540 15,316,229 49,359,037Apr 23,014,208 11,338,034 15,396,712 49,748,954May 23,235,942 11,464,343 15,444,393 50,144,678Jun 23,416,983 11,558,411 15,430,877 50,406,271Jul 23,474,322 11,802,268 15,434,397 50,710,987Aug 23,494,745 11,733,960 15,434,018 50,662,723Sep 23,536,958 11,759,711 15,522,016 50,818,685Oct 23,551,483 11,932,908 15,581,376 51,065,767Nov 23,679,103 11,973,681 15,716,701 51,369,485Dec 23,824,648 11,997,553 15,775,453 51,597,654

CREDIT UNIONSSavings Funds

M E M B E R S' S A V I N G S

~ 54 ~

Table 22

End of Period

Total Number ofMembers

Total Number ofDeposit/Share

AccountsTotal Number of Loan

Accounts

2009Jan. 969,866 1,743,379 223,630Feb. 972,475 1,752,671 224,539Mar. 976,679 1,765,532 224,144Apr. 980,006 1,766,038 224,135May 983,925 1,757,741 224,117Jun. 987,108 1,769,131 223,559Jul. 990,528 1,776,681 223,598Aug. 977,807 1,786,667 226,838Sep. 981,097 1,804,104 251,913Oct. 984,981 1,797,149 228,536Nov. 986,731 1,803,663 228,126Dec. 986,412 1,827,350 231,427



CREDIT UNIONSMiscellaneous data

~ BB ~

Number of Other Financial CorporationsAt End December

Other Financial Corporations are non-deposit-taking financial institutions supervised by the Financial Services Commission.

Non-Life Insurance Companies include general and health insurance companies.

2007 2008 2009 2010 2011

1 Life Insurance Companies 6 5 5 5 6

2 Non-Life Insurance Companies 12 12 11 10 10

3 Unit Trust Funds 4 4 4 3 3

4 Securities Firms 32 30 29 29 29

5 Pension Funds 27 26 25 25 23

Total Number of Other Financial Corporations at Year End 81 77 74 72 71

~ 55 ~

Table 23

J$Mn.End of Period

Life InsuranceCompanies *

InsuranceCompanies

Unit TrustFunds

SecuritiesFirms **

Pension Funds***

2004 67,873 40,360 301,221 98,5332005 78,336 33,573 300 341,7552006 94,479 35,195 395 394,965 159,2052007 108,052 40,425 544 415,125 194,355

2008Sep. 117,733 43,275 557 483,578 192,767Dec. 127,008 43,281 563 478,004 196,893

2009Mar. 131,022 44,081 567 500,551 203,605Jun. 139,993 46,418 621 513,682 215,754Sep. 147,519 45,771 577 516,134 223,892Dec. 153,897 44,668 690 511,331 228,486

2010Mar. 159,865 46,530 508 515,802 244,696Jun. 161,640 48,317 562 504,825 245,261Sep. 169,094 47,266 707 506,392 250,757Dec. 175,766 48,029 716 488,696 259,067

2011Mar. 183,628 49,000 683 497,920 261,311Jun. ` 52,651 706 502,921 272,203Sep. 195,388 51,201 717 520,529 277,243Dec. 189,495 49,949 727 501,984 282,981

* These institutions are Pension Service Providers ** Prior to 2005 Securities firm were defined to include Unit Trust Managers*** Pensions data prior to 2007 were based on a survey done by the Financial Services Commission Includes Pensions Assets under management only

Source: Financial Services Commission

OTHER FINANCIAL CORPORATIONS' TOTAL ASSETS

~ BD ~

Interest Rates Tables 24 to 30

Table Page

Commercial Banks Table 24 Current Deposit & Loan Rates 56

Table 25a Local Currency Weighted Time Deposit Rates 58 Table 25b Local Currency Overall Weighted Deposit Rates 59

Table 25c Local Currency Overall Weighted Loan Rates 60 Table 26a Foreign Currency Weighted Time Deposit Rates 61

Table 26b Foreign Currency Overall Weighted Deposit Rates 62 Table 26c Foreign Currency Overall Weighted Loan Rates 63

FIA Institutions Table 27a Local Currency Weighted Time Deposit Rates 65

Table 27b Local Currency Overall Weighted Deposit Rates 66 Table 27c Local Currency Overall Weighted Loan Rates 67

Table 28a Foreign Currency Weighted Time Deposit Rates 68 Table 28b Foreign Currency Overall Weighted Deposit Rates 69 Table 28c Foreign Currency Overall Weighted Loan Rates 70

Building Societies Table 29a Local Currency Weighted Time Deposit Rates 72 Table 29b Local Currency Overall Weighted Deposit Rates 73 Table 29c Local Currency Overall Weighted Loan Rates 74

Table 30a Foreign Currency Weighted Time Deposit Rates 75 Table 30b Foreign Currency Overall Weighted Deposit Rates 76 Table 30c Foreign Currency Overall Weighted Loan Rates 77


~ 56 ~

Table 24

End of Period




* For Deposits of $100,000 and over

COMMERCIAL BANKS

SavingsRate

AverageLending

RateSavings Rate

CURRENT DEPOSIT RATES

Domestic Interest Rates (%)

6 - 12 months*3 - 6 months*

~ 57 ~

Figure 25

0.00

5.00

10.00

15.00

20.00

25.00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec.

Rat

es (%

)

End of Period

Commercial Banks Domestic Weighted Interest Rates

Time Savings Demand Overall Deposit Rates Loans

~ 58 ~

Table 25a

End of Period

Call & upto 1 month

1 month &less than 3

months

3 months &less than 6

months


months12 months

& overOverall A/W

Rate

2009*Jan. 9.19 10.11 9.71 10.09 10.75 9.83Feb. 9.63 10.50 10.54 9.99 8.54 9.96Mar. 9.47 9.65 10.54 10.67 8.74 9.72Apr. 9.48 10.32 10.89 10.71 8.77 9.97May 8.71 10.70 11.07 11.42 8.77 9.97Jun. 9.99 10.02 11.02 11.75 8.48 10.22Jul. 8.62 9.93 10.43 11.79 8.76 9.66Aug. 9.59 9.97 10.74 11.73 8.51 10.00Sep. 9.09 9.16 9.68 11.06 6.68 9.13Oct. 8.91 9.57 9.97 11.46 8.08 9.46Nov. 8.72 9.44 9.55 11.01 7.48 9.13Dec. 8.85 8.95 9.03 10.38 8.30 9.03

2010*Jan. 8.87 8.62 8.91 10.48 7.71 8.87Feb. 7.71 7.76 8.11 10.28 8.43 8.15Mar. 7.10 6.76 7.60 9.32 6.71 7.31Apr. 6.56 6.38 6.92 8.53 8.42 6.98May 6.00 6.13 6.92 7.01 7.78 6.44Jun. 5.60 5.88 6.35 7.95 8.10 6.29Jul. 5.59 5.81 6.21 7.85 7.50 6.21Aug. 5.30 5.23 5.85 7.33 8.50 5.86Sep. 5.14 4.60 5.07 6.86 7.58 5.40Oct. 5.73 4.68 4.97 6.77 7.88 5.64Nov. 5.05 4.47 4.67 6.46 8.85 5.27Dec. 4.54 4.37 4.58 5.99 8.29 4.89

2011Jan. 4.84 4.39 4.34 5.63 6.84 4.90Feb. 4.96 4.10 4.17 5.33 5.02 4.64Mar. 4.32 4.16 4.07 5.14 6.79 4.52Apr. 3.43 4.14 4.03 4.99 6.78 4.08May 4.47 3.97 3.96 4.79 7.12 4.45Jun. 4.03 3.82 3.96 4.76 6.68 4.20Jul. 4.23 3.82 3.87 4.69 5.93 4.20Aug. 4.12 3.71 3.72 4.47 5.26 4.05Sep. 4.39 3.62 3.61 4.47 5.39 4.12Oct. 4.27 3.65 3.60 4.37 5.57 4.06Nov. 4.11 3.55 3.49 4.31 5.57 3.96Dec. 4.52 3.78 3.53 4.23 4.61 4.16

Domestic Currency Weighted Time Deposit Interest Rates (%)COMMERCIAL BANKS

~ 59 ~

Table 25b

End of Period Demand Savings Time

Overall A/WRate

2009*Jan. 2.87 6.31 9.83 6.88Feb. 2.88 6.34 9.96 6.88Mar. 2.76 6.26 9.72 6.61Apr. 2.63 6.31 9.97 6.82May 2.83 6.37 9.97 6.89Jun. 2.76 6.24 10.22 6.75Jul. 2.48 6.15 9.66 6.46Aug. 2.80 6.21 10.00 6.69Sep. 2.80 6.16 9.13 6.51Oct. 2.84 6.22 9.46 6.63Nov. 2.96 5.99 9.13 6.43Dec. 2.99 5.85 9.03 6.32

2010*Jan. 2.87 4.57 8.87 5.39Feb. 2.84 4.04 8.15 4.84Mar. 1.81 3.83 7.31 4.31Apr. 2.43 3.78 6.98 4.39May 2.52 3.61 6.44 4.22Jun. 2.29 2.99 6.29 3.64Jul. 2.39 2.50 6.21 3.33Aug. 2.32 2.57 5.86 3.31Sep. 2.34 2.52 5.40 3.17Oct. 2.39 2.52 5.64 3.31Nov. 2.29 2.53 5.27 3.17Dec. 2.01 2.40 4.89 2.95

2011Jan. 1.88 2.43 4.90 2.92Feb. 1.69 2.29 4.64 2.77Mar. 1.53 2.25 4.52 2.65Apr. 1.73 2.07 4.08 2.52May 1.81 2.14 4.45 2.64Jun. 1.87 2.08 4.20 2.51Jul. 1.71 2.06 4.20 2.53Aug. 1.57 2.12 4.05 2.51Sep. 1.44 2.07 4.12 2.48Oct. 1.01 2.07 4.06 2.45Nov. 1.37 2.13 3.96 2.48Dec. 1.43 1.98 4.16 2.44

Domestic Currency Overall Weighted Deposit Interest Rates (%)COMMERCIAL BANKS

~ 60 ~

Table 25c

End of Period

InstalmentCredit

MortgageCredit

PersonalCredit

CommercialCredit

Local Govt. &Other Public

EntitiesCentral

Govt.Overall

A/W Rate

2009^Jan. 20.54 7.56 27.36 18.83 18.58 23.01 22.01Feb. 20.58 7.98 26.24 20.45 13.10 23.82 22.20Mar. 20.65 9.64 25.29 20.03 16.23 21.81 21.90Apr. 20.69 8.33 25.65 20.82 16.58 21.62 22.42May 20.84 9.01 24.11 17.50 16.26 15.96 20.28Jun. 21.38 7.72 25.59 20.88 15.60 19.64 22.45Jul. 21.39 8.18 25.75 18.45 12.73 20.30 21.51Aug. 21.46 8.16 25.71 16.39 18.62 17.73 20.52Sep. 21.53 6.23 25.77 18.30 17.11 18.29 21.61Oct. 21.53 6.20 25.58 18.10 16.51 18.16 21.42Nov. 21.62 6.92 25.33 17.46 16.36 15.94 20.94Dec. 21.58 8.10 25.31 17.72 16.37 17.89 21.06

2010^Jan. 21.72 6.98 25.16 18.03 14.16 17.77 21.16Feb. 21.70 7.83 24.75 16.78 15.87 17.96 20.43Mar. 21.69 8.11 25.30 17.13 18.65 13.75 20.67Apr. 21.28 8.39 25.59 16.75 12.11 14.47 20.61May 21.24 7.95 25.31 16.19 11.97 14.04 20.06Jun. 21.17 7.71 25.28 16.32 11.32 13.30 20.11Jul. 21.07 18.66 24.48 15.38 11.60 12.53 20.12Aug. 21.03 18.66 25.79 16.67 11.69 12.92 20.53Sep. 21.01 18.21 25.46 16.26 11.69 11.94 20.24Oct. 20.88 18.04 25.53 16.56 10.82 11.68 20.41Nov. 20.80 17.09 25.89 16.57 10.58 11.40 20.53Dec. 20.82 16.93 25.90 16.28 10.16 11.07 20.40

2011Jan. 20.63 17.01 24.65 16.11 10.76 9.23 19.98Feb. 20.63 15.83 25.70 16.63 12.94 11.00 20.52Mar. 20.49 16.70 25.57 16.57 10.30 10.41 20.33Apr. 20.43 16.51 25.71 16.42 10.47 10.12 20.30May 20.28 16.55 25.58 15.71 10.37 10.26 20.00Jun. 20.20 15.05 25.48 15.91 10.17 10.12 20.10Jul. 20.11 14.74 25.40 15.64 9.99 10.54 19.91Aug. 20.01 13.90 25.42 15.60 11.80 10.25 19.88Sep. 19.56 13.40 21.73 15.12 11.14 10.12 18.34Oct. 19.42 12.84 21.62 15.12 11.13 9.87 18.29Nov. 19.34 12.45 22.10 14.97 11.18 9.91 18.44Dec. 19.20 12.36 21.66 14.63 10.61 9.77 18.03

* At end November 2006, mortgage credit offered by one commercial bank was fully liquidated. Due to its heavy weight in the commercial bank mortgage portfolio, this resulted in a sharp fall in the overall weighted mortgage rate of commercial banks.1. A significant increase in volume of Mortgage Credit loans granted at higher rates for one bank

Domestic Currency Weighted Loan Interest Rates (%)COMMERCIAL BANKS

~ 61 ~

Table 26a

End of Period

Call & up to1 month


months


months


months12 months

& overOverall

A/W Rate




COMMERCIAL BANKSForeign Currency Weighted Time Deposit Interest Rates (%)

~ 62 ~

Table 26b

End of Period Demand Savings Time

Overall A/WRate




COMMERCIAL BANKSForeign Currency Overall Weighted Deposit Interest Rates (%)

~ 63 ~

Table 26c

End of Period

InstalmentCredit

MortgageCredit

PersonalCredit

CommercialCredit


EntitiesCentral

GovtOverall A/W

Rate


2010Jan. 10.11 14.37 8.69 9.19 12.10 9.37Feb. 10.27 14.28 8.57 9.09 12.29 9.26Mar. 9.75 14.16 9.02 9.61 12.28 9.62Apr. 9.74 14.06 8.67 9.48 12.31 9.35May 9.74 14.16 8.53 8.86 12.32 9.16Jun. 9.71 13.72 8.71 8.99 6.78 8.94Jul. 9.71 10.04 14.00 8.65 8.86 6.79 8.91Aug. 9.71 9.70 13.60 8.94 8.57 6.77 9.04Sep. 9.12 9.70 13.28 8.91 8.53 6.76 8.99Oct. 9.11 9.68 13.09 8.90 8.48 6.78 8.97Nov. 9.01 9.65 13.10 8.92 8.40 0.85 8.61Dec. 9.11 9.65 12.93 8.76 8.26 0.83 8.47

2011Jan. 9.11 9.64 12.78 8.77 8.39 0.83 8.47Feb. 9.29 9.64 12.69 8.74 8.16 0.88 8.40Mar. 9.27 9.64 13.60 8.47 8.52 0.76 8.30Apr. 9.29 9.63 13.72 8.48 8.11 0.76 8.27May 9.28 9.54 13.74 8.43 7.96 0.84 8.20Jun. 9.30 8.71 13.51 8.46 7.78 0.88 8.20Jul. 9.39 8.69 13.47 8.38 7.77 1.00 8.15Aug. 9.37 8.68 13.64 8.36 6.97 1.02 8.05Sep. 10.15 8.68 13.84 8.07 7.29 0.84 7.88Oct. 10.12 8.72 13.94 8.27 7.17 0.91 8.03Nov. 10.19 8.71 13.90 8.33 7.32 0.81 8.10Dec. 9.96 8.66 13.76 8.04 7.57 0.82 7.93

Foreign Currency Weighted Loan Interest Rates (%)COMMERCIAL BANKS

~ 64 ~

Figure 27

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011


Rat

es (%

)

End of Period

FIA Domestic Currency Weighted Deposit & Loan Rates

Time Savings Overall Deposit Rates Loans

~ 65 ~

Table 27a

End of Period

Call & up to1 month


months


months


months12 months

& overOverall

A/W Rate




FIA INSTITUTIONSDomestic Currency Weighted Time Deposit Rates (%)

~ 66 ~

Table 27b

End of Period Savings Time

Overall A/WRate

2009Jan. 6.73 4.81 4.82Feb. 6.46 4.41 4.36Mar. 5.51 8.25 8.22Apr. 5.66 8.41 8.38May 5.48 8.60 8.56Jun. 4.74 8.63 8.55Jul. 4.76 8.79 8.71Aug. 6.81 8.52 8.51Sep. 6.80 8.30 8.29Oct. 4.80 8.22 8.15Nov. 4.72 8.14 8.07Dec. 4.14 8.17 8.09

2010Jan. 5.58 7.58 7.53Feb. 5.62 7.05 7.01Mar. 5.37 6.80 6.75Apr. 5.46 6.54 6.50May 3.72 6.40 6.25Jun. 3.41 6.06 5.94Jul. 3.19 5.83 5.72Aug. 2.86 5.54 5.44Sep. 3.29 5.22 5.17Oct. 5.28 5.28Nov. 5.11 5.11Dec. 5.73 5.73

2011Jan. 5.50 5.50Feb. 5.26 5.26Mar. 5.14 5.14Apr. 5.04 5.04May 4.88 4.88Jun. 4.90 4.90Jul. 4.70 4.70Aug. 4.76 4.76Sep. 4.63 4.63Oct. 4.55 4.55Nov. 4.46 4.46Dec. 4.36 4.36

FIA INSTITUTIONSDomestic Currency Weighted Deposit Rates (%)

~ 67 ~

Table 27c

End of Period

InstalmentCredit

MortgageCredit

PersonalCredit

CommercialCredit


EntitiesCentral

Govt.Overall

A/W Rate


2010Jan. 21.97 18.27 15.89 7.00 11.50 17.35Feb. 21.96 18.36 16.01 7.00 11.50 17.43Mar. 21.73 17.55 16.03 7.00 11.50 17.33Apr. 21.07 17.49 15.76 7.00 11.50 16.98May 19.95 15.56 15.57 7.00 11.50 16.36Jun. 19.57 15.47 14.84 7.00 11.50 15.82Jul. 19.75 15.27 14.67 7.00 11.50 15.66Aug. 19.25 15.22 14.77 7.00 11.50 15.64Sep. 18.68 14.95 14.69 7.00 11.50 15.47Oct. 18.84 23.00 14.25 7.00 11.50 15.56Nov. 18.48 22.45 13.81 7.00 15.22Dec. 19.14 25.88 16.83 7.00 18.04

2011Jan. 19.12 26.51 16.84 7.00 18.05Feb. 18.98 26.64 16.82 7.00 18.00Mar. 18.85 26.54 16.78 7.00 17.96Apr. 18.61 26.60 16.54 7.00 17.74May 18.62 24.91 16.56 7.00 17.72Jun. 17.43 24.82 16.10 7.00 17.07Jul. 17.30 24.85 15.93 7.00 16.94Aug. 17.16 25.01 15.94 7.00 16.89Sep. 16.95 25.43 15.73 7.00 16.76Oct. 16.70 25.50 15.71 7.00 16.62Nov. 16.58 25.23 15.80 7.00 16.56Dec. 16.42 25.21 15.75 7.00 16.43

** Central Govt balance nil since Mar 2011

FIA INSTITUTIONSDomestic Currency Weighted Loan Rates (%)

~ 68 ~

Table 28a

End of Period

Call & upto 1 month


months


months


months12 months

& overOverall

A/W Rate

2009Jan. 7.37 5.49 5.27 6.88 6.84 6.59Feb. 6.53 5.48 5.25 7.21 6.78 6.52Mar. 6.91 5.52 5.08 7.35 6.75 6.53Apr. 7.09 5.24 5.03 7.35 6.73 6.49May 6.93 4.58 5.01 7.35 6.72 6.50Jun. 7.19 4.45 4.86 7.00 6.74 6.44Jul. 7.32 4.77 5.12 7.41 6.54 6.40Aug. 6.47 4.05 5.54 7.29 6.69 6.46Sep. 6.48 4.24 4.93 6.75 6.72 5.91Oct.Nov. 5.91 4.01 4.82 6.49 6.76 6.21Dec. 6.01 4.46 4.48 6.57 6.76 6.24



Foreign Currency Weighted Time Deposit Rates (%)FIA INSTITUTIONS

~ 69 ~

Table 28b

End of Period Savings* Time

OverallA/W Rate

2009Jan. 3.85 6.59 6.58Feb. 4.26 6.52 6.50Mar. 4.26 6.53 6.50Apr. 4.22 6.49 6.46May 4.22 6.50 6.47Jun. 3.76 6.44 6.37Jul. 3.64 6.40 6.34Aug. 3.67 6.46 6.43Sep. 3.66 5.91 6.28Oct.Nov. 2.10 6.21 6.13Dec. 1.96 6.24 6.15

2010Jan. 4.29 5.96 5.92Feb. 3.85 5.63 5.58Mar. 3.09 5.55 5.48Apr. 3.06 5.39 5.32May 2.59 5.30 5.14Jun. 1.98 5.16 5.03Jul. 1.94 4.90 4.80Aug. 1.96 4.83 4.72Sep. 1.43 4.56 4.52Oct. 4.62 4.62Nov. 4.62 4.62Dec. 4.53 4.53

2011Jan. 4.33 4.33Feb. 4.21 4.21Mar. 4.24 4.24Apr. 3.98 3.98May 3.89 3.89Jun. 3.97 3.97Jul. 3.92 3.92Aug. 3.87 3.87Sep. 3.81 3.81Oct. 3.82 3.82Nov. 3.65 3.65Dec. 3.58 3.58

FIA INSTITUTIONSForeign Currency Weighted Deposit Rates (%)

~ 70 ~

Table 28c

End of Period

InstalmentCredit

PersonalCredit

CommercialCredit

CentralGovt.**

Overall A/WRate

2009Jan. 11.74 10.03 10.48 11.50 10.63Feb. 11.75 10.19 10.51 11.50 10.68Mar. 11.72 10.21 10.71 11.50 10.81Apr. 11.71 10.30 10.75 11.50 10.85May 11.69 10.07 10.90 11.50 10.94Jun. 11.68 10.39 10.90 11.50 10.97Jul. 10.89 10.38 11.65 8.55 11.37Aug. 11.59 10.25 11.78 11.50 11.61Sep. 11.63 10.18 11.75 11.50 11.59Oct.Nov. 11.59 10.33 11.82 11.50 11.65Dec. 11.43 10.31 11.82 11.30 11.63


2011Jan. 10.65 10.82 10.04 11.50 10.15Feb. 10.42 10.75 10.10 11.50 10.19Mar. 10.40 10.81 10.04 10.13Apr. 10.42 10.81 10.03 10.08May 10.46 10.76 10.03 10.08Jun. 10.33 11.57 10.01 10.05Jul. 10.26 10.94 10.00 10.02Aug. 10.38 10.94 10.00 10.03Sep. 10.38 9.69 9.96 10.00Oct. 10.32 9.20 9.94 9.96Nov. 10.31 9.20 9.93 9.95Dec. 10.27 9.19 9.93 9.95

* Local Govt & Other Public Entities balance nil since June 2008.** Central Govt balance nil since Mar 2011

Foreign Currency Weighted Loan Rates (%)FIA INSTITUTIONS

~ 71 ~

Figure 29

0.00

5.00

10.00

15.00

20.00

25.00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011


Rat

es (%

)

End of Period

Building Societies Weighted Deposit & Loan Interest Rates

Time Savings Overall Loans

~ 72 ~

Table 29a

End of Period

Call & upto 1 month


months


months


months12 months

& overOverall

A/W Rate




Domestic Currency Weighted Time Deposits Rates (%)BUILDING SOCIETIES

~ 73 ~

Table 29b


OverallA/W Rate




BUILDING SOCIETIES'Domestic Currency Overall Weighted Deposit Rates (%)

~ 74 ~

Table 29c

End of Period

MortgageLoans

BridgingLoans

MortgageDebentures

ShareLoans

OtherLoans

OverallA/W Rate

2009Jan. 12.68 16.63 6.00 11.79 12.69 12.67Feb. 12.64 16.50 6.00 11.91 12.61 12.64Mar. 12.70 16.44 6.00 12.09 11.51 12.69Apr. 12.72 16.63 6.00 12.08 11.44 12.70May 12.70 12.68 6.00 12.03 12.39 12.68Jun. 12.67 16.71 6.00 11.97 12.78 12.67Jul. 12.65 16.84 6.00 11.99 12.64 12.65Aug 12.61 16.74 6.00 11.99 11.75 12.59Sep. 12.62 16.91 6.00 11.82 11.60 12.60Oct. 12.63 8.64 6.00 11.48 11.79 12.04Nov. 12.61 16.98 6.00 11.45 11.81 12.59Dec. 12.59 17.02 6.00 11.59 11.79 12.57



BUILDING SOCIETIESDomestic Currency Weighted Loan Rates (%)

~ 75 ~

Table 30a

End of Period

Call & up to 1month


months


months


months12 months

& overOverall

A/W Rate




BUILDING SOCIETIESForeign Currency Weighted Time Deposit Rates (%)

~ 76 ~

Table 30b


Overall A/WRate




BUILDING SOCIETIESForeign Currency Weighted Deposit Rates (%)

~ 77 ~

Table 30c

End of Period

MortgageLoans

BridgingLoans Share Loans Other Loans

Overall A/WRate




BUILDING SOCIETIES'Foreign Currency Weighted Loan Rates (%)

~ BZ ~

Money & Capital Markets Tables 31a to 33c

Table Page

Table 31a Government of Jamaica Treasury Bills 79 Table 31b Holders of Government of Jamaica Treasury Bills 80 Table 32 Bank of Jamaica Open Market Operations 82 Table 33a Corporate Securities – New Issues 83 Table 33b Stock Exchange Indices 84 Table 33c Stock Exchange Activities 85


~ 78 ~

Figure 31a

Figure 31b

21%

0%

79%

Holders of GOJ Treasury Bills at End-December 2011

Commercial Banks BOJ Other

0.00

5.00

10.00

15.00

20.00

25.00

30.0019

98

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Per

Cen

t (%

)

End of Year

Treasury Bill Yields

180-day Treasury Bill Yields

~ 79 ~

Table 31a

End of Period

Maturity:No. of Days

AmountApplied For

AmountAllotted

AverageRate of

DiscountYield

(%)

Total BillsOutstanding

(J$000)

2010Oct. 28 753,295 400,000 8.04 8.09 4,000,000Oct. 91 599,322 400,000 7.58 7.73 4,000,000Oct. 182 846,011 400,000 7.61 7.93 4,000,000Nov. 28 1,108,848 400,000 7.53 7.58 4,000,000Nov. 91 1,060,224 400,000 7.30 7.44 4,000,000Nov. 182 1,053,735 400,000 7.33 7.61 4,000,000Dec. 28 1,015,629 400,000 7.44 7.48 3,600,000Dec. 91 1,074,510 400,000 7.27 7.40 4,000,000Dec. 182 1,243,260 400,000 7.21 7.48 4,000,000

2011Jan. 28 1,089,071 400,000 7.42 7.46 4,000,000Jan. 91 1,470,594 400,000 7.24 7.37 4,000,000Jan. 182 1,279,887 400,000 7.19 7.46 4,000,000Feb. 28 1,340,582 400,000 6.72 6.76 4,000,000Feb. 91 3,112,599 400,000 6.55 6.66 4,000,000Feb. 182 2,928,349 400,000 6.41 6.62 4,000,000Mar. 34 927,394 400,000 6.63 6.67 4,000,000Mar. 91 1,308,057 400,000 6.36 6.46 4,000,000Mar. 182 1,167,233 400,000 6.42 6.63 4,000,000Apr. 29 760,594 400,000 6.68 6.71 4,000,000Apr. 91 1,039,377 400,000 6.40 6.51 4,000,000Apr. 182 994,063 400,000 6.44 6.65 4,000,000May 28 904,039 400,000 6.62 6.66 4,800,000May 91 813,429 400,000 6.45 6.56 4,800,000May 182 1,139,994 400,000 6.37 6.58 4,800,000Jun. 28 406,821 400,000 6.64 6.67 4,000,000Jun. 91 920,651 400,000 6.45 6.56 4,000,000Jun. 182 433,870 400,000 6.40 6.61 4,000,000Jul. 28 1,143,417 400,000 6.41 6.44 4,000,000Jul. 91 1,187,490 400,000 6.24 6.34 4,000,000Jul. 182 1,139,994 400,000 6.24 6.44 4,000,000Aug. 28 602,766 400,000 6.42 6.45 4,000,000Aug. 91 828,771 400,000 6.26 6.36 4,000,000Aug. 182 610,407 400,000 6.31 6.52 4,000,000Sep. 28 886,506 400,000 6.44 6.47 4,000,000Sep. 91 1,073,123 400,000 6.27 6.37 4,000,000Sep. 182 844,469 400,000 6.35 6.56 4,000,000Oct. 28 897,421 400,000 6.22 6.26 4,000,000Oct. 91 1,167,899 400,000 6.13 6.22 4,000,000Oct. 182 1,226,660 400,000 6.08 6.27 4,000,000Nov. 28 354,082 400,000 6.22 6.25 4,000,000Nov. 91 631,028 400,000 6.13 6.22 4,000,000Nov. 182 455,605 400,000 6.09 6.28 4,000,000Dec. 28 594,280 400,000 6.45 6.49 4,000,000Dec. 91 1,352,666 400,000 6.12 6.21 4,000,000Dec. 182 1,103,527 400,000 6.26 6.46 4,000,000

GOVERNMENT OF JAMAICA TREASURY BILLS ISSUED & OUTSTANDINGTender for Bills Issued on the 1st of Month

~ 80 ~

Table 31b

J$000End of Period

CommercialBanks

MerchantBanks BOJ Other Total

2009Jan. 805,845 24,843 187 3,363,629 4,194,504Feb. 717,856 0 179 3,476,469 4,194,504Mar. 473,849 0 183 3,620,472 4,094,504Apr. 429,071 0 345 3,665,088 4,094,504May 336,037 0 145,410 3,518,553 4,000,000Jun. 429,433 0 147,690 3,378,530 3,955,653Jul. 398,435 0 54 3,557,164 3,955,653Aug. 451,973 0 55 3,253,661 3,705,689Sep. 477,315 0 499 3,589,131 4,066,945Oct. 564,491 0 434 3,490,480 4,055,405Nov. 532,801 0 3,375 3,269,858 3,806,034Dec. 578,821 0 3,374 3,231,237 3,813,432

2010Jan. 639,891 0 434 3,206,197 3,846,522Feb. 595,917 0 2,572 3,347,369 3,945,858Mar. 482,428 0 593 3,516,979 4,000,000Apr. 259,450 32,865 599 3,707,086 4,000,000May 196,053 32,797 652 3,770,498 4,000,000Jun. 97,596 32,874 0 3,869,530 4,000,000Jul. 98,297 32,874 28 4,268,801 4,400,000Aug. 222,942 479 4,119,591 4,343,012Sep. 297,540 0 483 4,101,977 4,400,000Oct. 316,150 0 29 3,683,821 4,000,000Nov. 351,366 0 30 3,648,604 4,000,000Dec. 486,281 0 0 3,513,719 4,000,000

2011Jan. 342,164 0 0 3,657,836 4,000,000Feb. 811,535 0 246 3,188,219 4,000,000Mar. 635,389 0 267 3,364,344 4,000,000Apr. 669,197 0 269 3,330,534 4,000,000May 681,889 0 20 3,318,091 4,000,000Jun. 885,122 0 0 3,114,878 4,000,000Jul. 869,571 0 0 3,130,429 4,000,000Aug. 432,221 0 0 3,567,779 4,000,000Sep. 516,452 0 0 3,483,548 4,000,000Oct. 508,775 0 0 3,491,225 4,000,000Nov. 492,764 0 0 3,507,236 4,000,000Dec. 847,800 0 89 3,152,111 4,000,000

HOLDERS OF GOVERNMENT OF JAMAICA TREASURY BILLS

~ 81 ~

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

0.00

5.00

10.00

15.00

20.00

25.00

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

J$M

n

Per

Cen

t (%

)

Year-end

BOJ Open Market Operations

30-Day Rates Amounts Outstanding

Figure 32

~ 82 ~

Table 32

End of Period

AmountOutstanding

(J$Mn.)30-Day

Rate (%)60-Day

Rate (%)90-Day

Rate (%)120-DayRate (%)

180-DayRate (%)

365-DayRate (%)

2009Jan. 125,991.5 17.00 17.50 20.00 20.20 21.50 24.00Feb. 115,519.3 17.00 17.50 20.00 20.20 21.50 24.00Mar. 119,337.6 17.00 17.50 20.00 20.20 21.50 24.00Apr. 124,875.6 17.00 17.50 20.00 20.20 21.50 22.67May 124,135.1 17.00 17.50 20.00 20.20 21.50 22.67Jun. 120,774.3 17.00 17.50 20.00 20.20 21.50 22.67Jul. 16.00 16.50 19.00 19.20 20.50 22.67Jul. 111,182.2 14.50 15.00 17.50 17.70 19.00 22.67Aug. 117,807.2 13.50 14.00 16.50 16.70 18.00 22.67Sep. 119,833.2 12.50 13.00 15.50 15.70 17.00 22.67Oct. 114,270.1 12.50 13.00 15.50 15.70 17.00 22.67Nov. 112,621.9 12.50 13.00 15.50 15.70 17.00 22.67Dec. 112,011.3 10.50 11.00 13.50 13.70 15.00 22.67

2010Jan.**** 115,303.9 10.50Feb. 107,973.7 10.00Mar. 121,349.2 10.00Apr. 117,930.1 10.00May 122,128.6 10.00Jun. 110,710.8 9.50Jun. 9.00Jul. 100,349.6 9.00Aug. 8.50Aug. 138,497.9 8.00Sep. 136,206.2 8.00Oct. 129,798.6 8.00Nov. 129,121.0 7.50Dec. 129,180.1 7.50

2011Jan. 114,288.6 7.50Feb. 7.25Feb. 147,916.7 6.75Mar. 143,694.0 6.75Apr. 151,535.5 6.75May 143,873.5 6.75Jun. 135,415.3 6.75Jul. 129,586.4 6.50Aug. 126,386.2 6.50Sep. 121,500.5 6.25Oct. 117,072.8 6.25Nov. 110,137.3 6.25Dec. 98,899.8 6.25

BANK OF JAMAICA OPEN MARKET OPERATIONS

As at Tuesday 18 April 2006, no placements will be accepted for the 270-day tenor untilfurther advised.**** The Bank of Jamaica withdrew its 60-day to 180-day tenors from the market, effeective12 January 2010.

~ 83 ~

Table 33a

Date Name of Company No. of SharesPrice perShare(J$) Amount (J$)

1995Jul. IBS/Klas FM 78,300,000 1.60 125,280,000Sep. Kingston Wharves 312,638,860 2.24 700,311,046

1999Mar. Trinidad Cement Co. 209,480,437 32.85 6,881,432,355

2000Sep. Guardian Holdings Ltd. 125,625,000 100.07 12,571,293,750

2001Nov. RBTT Financial Holdings Ltd. 340,243,280 98.25 33,428,902,260

2003Jan. Jamaica Money Market Brokers Ltd. 234,123,784 4.15 971,613,704May Capital and Credit 582,000,000 5.00 2,910,000,000

2005Apr. Mayberry Investments Ltd. 1,201,149,291 5.05 6,065,803,920

2006Feb. Supreme Ventures Ltd. 2,637,254,926 4.81 12,685,196,194Jun. Pulse Investments Ltd. 253,670,362 2.30 583,441,833

2007May Scotia Group Jamaica 3,111,572,984 22.00 68,454,605,648

2008Jun. Capital and Credit Financial Group 927,565,945 8.00 7,420,527,560Jun. Sagicor Financial Corporation 277,543,397 238.00 66,055,328,486Aug. Carlton Savannah (REIT) Jamaica Limited 68,800,102 6.00 412,800,612

2010Jan. Barita Investments Limited 445,001,824 2.80 1,246,005,107Apr. Blue Power Group Ltd 56,499,000 4.47 252,550,530Jul. Jamaican Teas Ltd 167,828,365 3.42 573,973,008Oct. Lasco Distributors Ltd 336,643,115 2.52 848,340,650Oct. Lasco Financial Services Ltd 122,810,299 2.87 352,465,558Oct. Lasco Manufacturing Ltd 408,713,017 2.50 1,021,782,543Dec. Cargo Handlers Ltd 41,625,000 12.70 528,637,500Dec. Dolphin Cove Ltd 392,426,376 3.10 1,216,521,766

2011Jun. Honey Bun (1982) Ltd 93,750,000 3.45 323,437,500Jul. AMG Packaging & Paper Co Ltd 102,378,857 3.31 338,874,017Jul. Proven Investments Ltd 294,951,884 US$0.11 US$32,444Jul. Caribbean Producers Jamaica Ltd 1,100,000,000 2.30 2,530,000,000Sep. General Accident Insurance Co Ltd 1,031,250,000 2.32 2,392,500,000

CORPORATE SECURITIES - NEW ISSUES

~ 84 ~

Table 33b

End of Period Volume Value (J$) JSE Index*

2009Jan. 112,655,167 527,323,400 87,206.90Feb. 47,038,295 368,618,534 83,091.44Mar. 469,424,168 1,189,953,588 79,022.64Apr. 81,663,869 707,093,996 79,742.37May 85,753,852 450,430,171 82,837.63Jun. 23,566,257 200,622,079 80,866.14Jul. 64,738,956 505,670,683 79,304.49Aug. 120,260,945 1,198,222,930 79,883.87Sep. 154,016,795 837,978,003 79,928.03Oct. 36,567,726 240,680,599 80,567.52Nov. 319,278,919 3,326,288,192 83,322.40Dec. 147,193,475 1,961,496,299 83,321.96

2010Jan. 1,468,780,766 3,131,073,224 75,166.03Feb. 64,202,685 744,308,093 79,094.75Mar. 249,142,748 2,042,854,148 86,010.60Apr. 127,488,304 1,084,223,733 88,332.24May 171,529,688 2,745,997,669 86,011.58Jun. 60,619,645 799,115,876 86,333.62Jul. 67,169,837 920,472,231 85,849.88Aug. 53,342,760 864,237,906 84,593.09Sep. 82,658,500 755,885,680 83,613.08Oct. 131,333,142 2,115,255,725 83,352.14Nov. 60,872,005 795,454,588 84,466.50Dec. 104,397,756 1,348,341,885 85,220.82

2011Jan. 93,884,645 408,933,191 85,074.33Feb. 61,825,716 539,605,349 85,805.72Mar. 146,957,561 2,313,931,268 86,532.02Apr. 101,127,462 644,990,828 89,234.77May 172,687,394 1,793,636,820 88,651.86Jun. 97,992,912 764,766,573 88,584.96Jul. 100,949,384 757,131,843 90,804.08Aug. 109,164,660 898,117,184 93,531.84Sep. 187,831,048 2,075,873,747 91,731.84Oct. 105,560,781 1,428,770,873 95,270.73Nov. 184,410,332 2,531,555,444 96,125.84Dec. 187,750,281 3,943,785,401 95,297.20

THE JAMAICA STOCK EXCHANGE INDEX

~ 85 ~

Table 33c

J$

Company Issued Volume Par Value Last SaleCurrent Market

Value

Barita Investments Ltd. 445,001,824 0.00 4.71 2,095,958,591Berger Paints Ltd. 214,322,393 0.50 3.20 685,831,658Cable & Wireless Ja. Ltd. 8,788,235,294 0.00 0.20 1,757,647,059Capital and Credit Merchant Bank 927,565,945 0.50 4.55 4,220,425,050Carib Cement 851,136,591 0.50 3.00 2,553,409,773Caribbean Producers Group 1,100,000,000 0.00 2.80 3,080,000,000Carreras 485,440,000 0.25 61.52 29,864,268,800Ciboney Group Ltd. 546,000,000 0.10 0.05 27,300,000Desnoes & Geddes 2,809,171,264 0.00 5.13 14,411,048,584First Caribbean International 1,525,131,934 0.00 115.67 176,412,010,806First Caribbean International Bank Ja. 265,756,730 0.50 13.25 3,521,276,673Gleaner 1,211,243,827 0.50 2.20 2,664,736,419Grace Kennedy 332,329,468 1.00 62.99 20,933,433,189Guardian Holdings Ltd. 231,899,986 0.00 165.00 38,263,497,690Hardware & Lumber 80,842,023 0.50 5.90 476,967,936Jamaica Broilers Group 1,199,276,400 0.50 5.92 7,099,716,288Jamaica Money Market Brokers 1,463,386,752 0.25 12.40 18,145,995,725Jamaica Producers Group 187,024,006 0.10 24.01 4,490,446,384Kingston Properties Ltd. 68,800,102 0.00 4.52 310,976,461Kingston Wharves 1,072,649,578 0.20 5.92 6,350,085,502Lascelles 96,000,000 0.00 292.50 28,080,000,000Mayberry Investments Ltd. 1,201,149,291 0.10 3.26 3,915,746,689MoBay Freeport 563,065,690 0.00 1.50 844,598,535MoBay Ice 6,161,510 0.20 18.00 110,907,180N.C.B. Jamaica Ltd. 2,466,762,828 1.00 28.06 69,217,364,954Palace Amusement 1,437,028 0.00 50.00 71,851,400Pan Caribbean Financial Services Ltd. 551,972,710 1.00 26.56 14,660,395,178Pan Jam Investments 213,231,978 0.00 60.01 12,796,051,000Pegasus Hotels 120,165,973 1.00 22.49 2,702,532,733Pulse Investments Ltd. 271,789,674 0.10 2.45 665,884,701Radio Jamaica 357,476,991 0.00 2.54 907,991,557Sagicor Life Jamaica 3,760,991,782 0.10 10 37,609,917,820Salada Foods Jamaica 103,883,290 0.00 8.87 921,444,782Scotia Investments Ltd. 423,194,765 0.10 28.89 12,226,096,761Scotia Group Jamaica 3,111,572,984 0.00 24.01 74,708,867,346Seprod Group Ltd. 516,397,918 0.00 22.52 11,629,281,113Supreme Ventures Ltd. 2,637,254,926 0.00 3.00 7,911,764,778Trinidad Cement Company 249,765,136 0.00 18.31 4,573,199,640

40,457,488,591 620,918,928,753

STOCK EXCHANGE ACTIVITIESas at December 31 2011

~ CH ~

External Sector Tables 34 to 45

Table Page

Table 34 International Reserves 87 Table 35 Balance of Visible Trade 88 Table 36a Value of Exports by Sections of the SITC 90 Table 36b Value of Imports by Sections of the SITC 91 Table 37a Foreign Direct Investment (FDI) Inflows & Outflows 93 Table 37b Foreign Direct Investment (FDI) Inflows by Sector 95 Table 38a Tourism: Visitor Statistics 96 Table 38b Tourism: Visitors by Length of Stay 97 Table 39 International Investment Position 99 Table 40 Balance of Payments (BOP) 100 Table 41 CARICOM Countries: Foreign Reserves 101

Table 42 Combined Foreign Exchange Flows of Authorized Dealers 102 Table 43 Selected Exchange Rates 103 Table 44 Foreign Currency Accounts 104 Table 45 Private Sector Transfers 105


~ 86 ~

0

500

1,000

1,500

2,000

2,500

3,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

US$

Mn

Year-end

Net International Reserves (NIR)

Foreign Assets Foreign Liabilities Net International Reserves

Figure 34

~ 87 ~

Table 34

US$Mn.

End of Period

TotalForeign

Assets IMF Other Total NIR

Estimated GrossOfficial Reserves

in weeks ofGoods Imports

Estimated GrossOfficial Reserves in

weeks of Goods &Services Imports

2009Jan. 1,787.48 22.50 22.50 1,764.98 13.97 10.42Feb. 1,648.98 47.13 47.13 1,601.85 12.65 9.43Mar. 1,663.44 34.86 34.86 1,628.58 12.19 9.20Apr. 1,713.67 50.07 50.07 1,663.60 19.05 13.41May 1,714.20 42.45 42.45 1,671.75 19.13 13.49Jun. 1,660.61 41.20 41.20 1,619.41 18.53 13.07Jul. 1,693.64 44.71 44.71 1,648.93 18.38 12.96Aug. 1,981.40 47.18 47.18 1,934.22 21.80 15.42Sep. 2,007.28 74.04 74.04 1,933.24 21.83 15.39Oct. 1,931.86 22.50 22.50 1,909.36 21.02 14.82Nov. 1,827.67 22.50 22.50 1,805.17 19.92 13.98Dec. 1,751.85 22.50 22.50 1,729.35 18.89 13.25

2010+

Jan. 1,588.51 22.50 22.50 1,566.01 17.41 12.17Feb. 2,271.75 689.54 22.50 712.04 1,559.71 24.95 17.51Mar. 2,414.42 640.04 22.50 662.54 1,751.88 26.51 18.61Apr. 2,398.78 640.04 22.50 662.54 1,736.24 24.26 17.72May 2,339.04 640.95 22.50 663.45 1,675.59 23.47 17.17Jun. 2,526.71 708.45 22.50 730.95 1,795.76 27.20 19.65Jul. 2,481.23 726.12 22.50 748.62 1,732.61 26.76 19.43Aug. 2,762.99 783.56 22.50 806.06 1,956.93 29.26 21.32Sep. 2,789.67 793.50 22.50 816.00 1,973.67 29.55 21.53Oct. 2,807.43 801.46 22.50 823.96 1,983.47 30.44 22.11Nov. 2,718.98 778.00 22.50 800.50 1,918.48 29.06 21.18Dec. 2,979.17 785.26 22.50 807.76 2,171.41 31.65 22.81

2011+

Jan. 2,957.73 846.26 22.50 868.76 2,088.97 32.22 23.10Feb. 3,346.18 852.28 22.50 874.78 2,471.40 35.57 25.66Mar. 3,434.68 859.02 22.50 881.52 2,553.16 37.19 26.74Apr. 3,503.13 878.24 22.50 900.74 2,602.39 30.92 23.28May 3,224.18 867.30 22.50 889.80 2,334.38 29.05 21.82Jun. 3,156.75 867.12 22.50 889.62 2,267.13 28.51 21.44Jul. 3,045.21 866.34 22.50 888.84 2,156.37 27.51 20.70Aug. 3,020.77 871.95 22.50 894.45 2,126.32 28.18 20.93Sep. 2,949.16 846.09 22.50 868.59 2,080.57 27.77 20.66Oct. 2,913.91 859.24 22.50 881.74 2,032.17 27.02 20.19Nov. 2,824.88 840.64 22.50 863.14 1,961.74 26.44 19.76Dec. 2,820.42 831.81 22.50 854.31 1,966.11 25.53 19.20

+ Revised

NET INTERNATIONAL RESERVES (NIR)

F O R E I G N L I A B I L I T I E S

~ 88 ~

Table 35

US$000

Year QuarterSITC Imports

(c.i.f.)SITC Exports

(f.o.b.) Balance

2004 I 968,907 415,968 -552,939II 956,693 432,762 -523,931III 1,024,353 354,679 -669,674IV 1,156,711 398,216 -758,495

4,106,664 1,601,625 -2,505,039

2005 I 1,065,520 371,507 -694,013II 2,343,298 792,346 -1,550,952III 3,629,784 1,247,472 -2,382,312IV 4,867,283 1,658,649 -3,208,634

11,905,885 4,069,974 -7,835,911

2006 I 1,437,775 529,581 -908,194II 1,395,334 550,232 -845,102III 1,551,850 534,763 -1,017,087IV 1,416,477 519,037 -897,440

5,801,436 2,133,613 -3,667,823

2007 I 1,598,557 597,678 -1,000,879II 1,660,995 633,345 -1,027,650III 1,775,466 543,750 -1,231,716IV 2,014,405 587,806 -1,426,599

7,049,423 2,362,579 -4,686,844

2008 I 2,098,441 654,389 -1,444,052II 2,437,559 796,371 -1,641,188III 2,468,828 704,400 -1,764,428IV 1,796,465 470,027 -1,326,438

8,801,293 2,625,187 -6,176,106

2009 I 1,263,159 349,162 -913,997II 1,170,685 358,627 -812,058III 1,326,457 371,320 -955,137IV 1,386,058 308,216 -1,077,842

5,146,359 1,387,325 -3,759,034

2010 I 1,208,527 368,863 -839,664II 1,287,996 319,770 -968,226III 1,270,119 335,131 -934,988IV 1,470,463 354,587 -1,115,876

5,237,105 1,378,351 -3,858,754

2011 I 1,431,437 401,140 -1,030,297II 1,631,602 431,971 -1,199,631

Source: The Statistical Institute of Jamaica

BALANCE OF VISIBLE TRADE

~ 89 ~

Figure 36

0

100

200

300

400

500

600

2008 2009 2010 2011

US$

Mn

Value of Imports & Exports by Sections of the S.I.T.C

Exports Imports

~ 90 ~

Table 36a

US$000

End of Period Food

Beverages& Tobacoo

CrudeMaterials

MineralFuels

Animal & Vegetable

Oils Chemicals

Manu-factured

Goods

Machinery & Transport

Equipment

MiscellaneousManufactured

GoodsMiscellaneousCommodities Total

2009 236,900 101,893 470,394 118,257 200 203,106 25,601 41,026 20,469 5,928 1,223,774 57,352 106,598 1,387,724Jan. 12,516 7,284 56,877 12,717 33 2,510 1,520 8,100 790 0 102,347 5,232 8,042 115,621Feb. 24,591 6,614 45,209 10,836 7 3,476 493 2,453 1,166 0 94,845 4,150 7,687 106,682Mar. 41,109 9,025 41,454 12,118 20 4,098 832 4,570 1,781 0 115,007 4,463 7,789 127,260Apr. 13,235 9,166 30,681 12,344 0 14,442 1,647 1,522 918 0 83,955 4,662 7,614 96,231May 43,721 7,470 34,033 11,129 4 20,826 5,916 3,147 2,413 748 129,407 3,669 7,390 140,466Jun. 14,599 9,804 35,443 8,818 13 27,433 7,520 2,376 1,126 0 107,132 5,610 9,188 121,930Jul. 24,764 9,297 29,459 3,493 5 37,577 3,151 2,494 1,134 1,444 112,818 4,821 9,944 127,583Aug. 11,446 7,650 51,900 12,118 1 31,709 782 2,892 1,389 471 120,358 5,289 10,448 136,095Sep. 13,310 9,454 30,891 14,104 15 19,683 1,395 4,107 1,542 1,049 95,550 4,606 7,486 107,642Oct. 13,619 9,256 39,026 5,776 9 23,191 879 4,724 1,527 1,260 99,267 4,441 8,574 112,282Nov. 14,071 9,696 34,533 7,577 9 15,561 672 2,698 4,185 512 89,514 5,763 10,387 105,664Dec. 9,919 7,177 40,888 7,228 84 2,600 794 1,943 2,498 444 73,575 4,646 12,049 90,270

2010 202,876 103,849 555,668 157,449 3,438 83,454 44,546 16,113 22,337 4,653 1,194,383 40,299 136,468 1,371,151Jan. 11,967 7,578 40,984 13,155 278 15,764 6,950 2,332 853 64 99,926 3,141 13,005 116,073Feb. 26,155 7,609 37,416 22,579 221 10,713 2,644 1,731 1,098 44 110,209 3,279 11,518 125,006Mar. 24,018 10,352 44,261 23,435 324 2,537 3,582 2,186 1,444 0 112,138 3,352 11,518 127,008Apr. 22,371 7,249 38,958 12,510 176 1,880 4,388 1,686 982 0 90,201 3,339 12,468 106,007May 16,821 8,670 35,461 13,991 200 1,582 2,561 673 1,386 0 81,344 3,425 10,689 95,458Jun. 16,045 12,084 46,161 13,919 301 8,250 3,861 2,251 2,373 0 105,244 3,612 9,448 118,305Jul. 13,051 10,244 36,198 15,528 270 4,906 3,298 1,502 2,256 0 87,252 3,024 13,279 103,555Aug. 23,797 7,950 52,027 6,613 177 7,343 3,701 870 2,651 32 105,161 3,351 12,160 120,672Sep. 15,204 11,238 42,083 8,892 443 8,791 2,363 729 3,124 198 93,065 3,444 8,801 105,310Oct. 11,537 8,108 72,482 14,352 151 3,091 1,804 537 3,292 494 115,850 3,253 8,493 127,596Nov. 12,075 7,299 53,340 12,476 432 8,941 4,443 669 1,609 1,857 103,141 3,856 10,956 117,953Dec. 9,835 5,469 56,297 0 466 9,656 4,950 947 1,269 1,963 90,851 3,223 14,134 108,208

2011 231,750 113,345 769,383 186,643 281 46,455 9,779 50,779 19,069 11,370 1,438,854 39,185 188,051 1,666,090Jan. 19,038 8,160 59,155 12,128 2 2,892 598 3,240 1,499 1,004 107,717 3,505 15,405 126,627Feb. 24,102 8,172 60,899 12,997 21 3,986 985 1,448 1,427 772 114,809 3,326 16,938 135,073Mar. 25,964 12,915 57,834 23,229 15 4,538 555 4,929 978 784 131,739 3,906 21,216 156,862Apr. 33,101 10,937 78,660 19,972 10 2,615 1,171 3,541 1,105 834 151,946 3,608 18,979 174,534May 23,640 11,211 72,683 17,224 27 2,609 712 3,227 997 2,097 134,429 3,128 15,105 152,662Jun. 15,064 11,258 61,284 20,151 6 4,073 940 2,207 1,642 868 117,493 3,126 14,113 134,732Jul. 16,961 9,837 57,010 9,282 53 3,935 908 3,406 3,314 1,430 106,136 3,124 16,933 126,193Aug. 21,914 8,886 64,858 15,464 28 5,413 588 3,046 1,354 944 122,495 3,076 15,893 141,463Sep. 13,022 8,226 67,541 13,515 55 5,536 1,172 12,049 2,133 626 123,875 3,119 12,707 139,701Oct. 13,333 8,080 53,166 11,324 39 2,183 494 5,965 1,590 387 96,562 3,072 10,847 110,481Nov. 13,767 8,645 77,089 14,965 10 5,175 734 1,554 1,511 419 123,868 3,136 13,176 140,180Dec. 11,845 7,017 59,202 16,393 16 3,500 922 6,165 1,520 1,206 107,786 3,059 16,738 127,583

Free-zoneExports

GoodsProcured in

Ports

TotalGoods

Exports

G E N E R A L M E R C H A N D I S E E X P O R T S

VALUE OF EXPORTS BY SECTIONS OF THE S.I.T.C (CIF)

~ 91 ~

Table 36b

US$000

End of Period Food

Beverages& Tobacoo

CrudeMaterials

MineralFuels

Animal &Vegetable

Oils ChemicalsManufactured

Goods

Machinery &Transport

Equipment

MiscellaneousManufactured

GoodsMiscellaneousCommodities Total

2009 802,332 79,863 54,869 1,396,605 33,855 740,260 555,823 820,221 461,561 120,311 5,065,700 16,133 56,653 5,138,486Jan. 83,470 7,964 3,663 128,159 346 79,435 53,805 94,081 34,151 8,680 493,754 708 3,104 497,566Feb. 67,189 4,573 3,959 86,378 4,792 52,166 35,628 66,026 32,110 7,670 360,491 769 2,869 364,129Mar. 75,121 7,266 3,977 109,067 5,467 43,375 44,403 56,257 35,167 9,655 389,755 704 3,131 393,590Apr. 70,928 5,928 3,518 119,187 589 41,838 39,243 68,246 30,479 18,544 398,500 1,792 3,063 403,355May 52,938 5,928 4,547 83,902 2,700 51,392 41,669 77,071 26,213 17,548 363,908 910 3,230 368,048Jun. 66,585 6,284 5,856 96,588 3,415 54,659 45,887 58,053 37,433 19,758 394,518 1,247 3,517 399,282Jul. 53,115 6,260 5,757 135,857 1,108 87,187 47,520 60,666 44,628 9,286 451,384 1,184 3,290 455,858Aug. 68,778 6,973 3,823 136,811 6,071 48,204 42,832 55,332 35,822 129 404,775 1,381 3,965 410,121Sep. 63,821 7,949 3,225 155,718 509 82,596 48,666 53,467 31,788 6,586 454,325 1,659 4,494 460,478Oct. 66,242 6,804 5,627 87,918 2,017 74,477 51,823 95,770 36,343 5,573 432,594 1,245 6,313 440,152Nov. 54,794 7,053 4,928 136,592 3,934 62,146 58,735 63,454 49,970 6,270 447,876 2,671 8,539 459,086Dec. 79,351 6,881 5,989 120,428 2,907 62,785 45,612 71,798 67,457 10,612 473,820 1,863 11,137 486,820

2010 805,995 75,152 60,810 1,585,555 32,636 692,464 582,995 786,036 477,280 95,710 5,194,633 32,130 67,999 5,294,762Jan. 45,614 5,036 4,407 156,637 641 44,468 38,241 48,639 48,159 6,868 398,709 1,754 5,244 405,707Feb. 47,621 5,704 2,935 112,672 1,128 43,403 38,379 46,080 26,427 5,126 329,476 1,473 4,993 335,942Mar. 88,091 7,473 7,266 144,481 2,136 46,720 53,291 63,196 37,871 7,295 457,819 3,655 4,809 466,283Apr. 81,063 5,009 4,146 142,130 580 46,439 45,142 75,373 36,671 7,136 443,690 1,286 4,700 449,675May 55,751 4,941 7,174 138,384 643 36,808 37,275 45,807 32,412 5,525 364,718 2,450 3,740 370,908Jun. 80,837 7,739 5,387 94,019 4,969 64,427 58,593 85,540 50,440 7,848 459,797 4,043 3,572 467,413Jul. 78,098 8,533 5,319 132,897 354 56,450 49,809 60,632 37,411 7,569 437,071 2,147 3,632 442,850Aug. 52,615 5,930 2,544 131,092 1,516 75,996 46,018 80,762 38,518 8,835 443,827 2,796 4,133 450,756Sep. 68,990 4,892 6,971 97,186 1,728 47,715 56,960 68,584 32,815 6,680 392,522 3,026 4,548 400,097Oct. 62,334 7,140 5,269 201,926 351 86,098 57,668 66,435 41,432 6,232 534,886 2,979 6,593 544,458Nov. 73,441 7,068 3,782 69,807 1,097 82,325 55,346 78,299 48,494 9,216 428,875 3,598 8,986 441,460Dec. 71,540 5,686 5,610 164,323 17,492 61,615 46,274 66,691 46,632 17,380 503,243 2,924 13,048 519,215

2011 938,398 77,479 63,217 2,441,822 58,601 909,583 647,061 939,688 470,511 68,396 6,614,757 30,210 79,380 6,724,346Jan. 61,938 6,823 3,182 211,378 12,435 55,321 45,133 66,483 40,000 2,068 504,762 2,009 5,960 512,731Feb. 79,771 5,833 6,549 215,388 795 42,099 47,606 58,496 28,031 4,682 489,249 1,821 5,823 496,894Mar. 89,808 7,284 6,805 207,317 826 66,176 60,733 66,061 33,594 13,615 552,219 1,724 6,035 559,977Apr. 67,626 6,373 5,538 210,919 742 53,913 45,911 91,953 27,816 188 510,979 197 6,049 517,225May 85,521 5,892 8,398 200,810 1,656 67,374 64,314 67,937 36,335 177 538,416 1,854 5,035 545,305Jun. 62,063 7,164 5,536 205,098 17,404 92,624 54,439 78,458 42,083 252 565,120 2,204 4,501 571,826Jul. 60,884 5,323 3,805 234,963 6,762 75,648 49,352 63,351 41,743 95 541,926 3,094 4,569 549,589Aug. 89,191 8,063 5,213 184,220 3,910 68,508 69,118 137,831 47,944 7,439 621,437 3,167 4,627 629,231Sep. 87,570 5,533 4,305 189,780 1,675 81,764 57,770 74,755 36,419 5,660 545,232 2,426 5,125 552,783Oct. 79,170 6,837 4,356 169,107 590 60,916 50,546 78,005 37,887 7,718 495,133 5,651 6,940 507,724Nov. 89,945 6,655 4,119 224,570 4,942 128,396 56,438 87,422 55,606 10,410 668,504 3,277 10,323 682,103Dec. 84,911 5,700 5,411 188,271 6,863 116,844 45,703 68,935 43,052 16,090 581,780 2,786 14,392 598,959

G E N E R A L M E R C H A N D I S E I M P O R T S

Free-zoneImports

GoodsProcuredin Ports

TotalGoods

Imports

VALUE OF IMPORTS BY SECTIONS OF THE S.I.T.C (CIF)

~ 92 ~

0

200

400

600

800

1,000

1,200

1,400

1,600

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

US$

Mn

Foreign Direct Investment (FDI)Inflows & Outflows

Inflows Outflows

Figure 37a

~ 93 ~

Table 37a

US$Mn.Inflows Outflows Net

1966 42.8 30.6 12.21967 5.8 14.8 -9.01968 120.7 0.0 120.71969 101.6 0.0 101.61970 161.4 0.0 161.41971 119.2 0.7 118.51972 32.1 4.4 27.61973 44.0 21.8 22.21974 64.3 41.0 23.31975 3.4 5.3 -1.91976 8.3 8.8 -0.61977 7.7 14.7 -7.01978 11.9 38.6 -26.71979 12.3 38.7 -26.41980 64.9 37.3 27.61981 26.8 38.3 -11.51981 26.8 38.3 -11.51982 24.0 39.8 -15.81983 17.0 35.7 -18.71984 42.8 30.6 12.21985 5.8 14.8 -9.01986 10.4 15.0 -4.61987 64.6 11.1 53.51988 1.9 13.9 -12.01989 90.3 33.2 57.11990 174.9 37.0 137.91991 171.2 38.0 133.21992 190.4 48.0 142.41993 139.2 61.3 77.91994 129.7 52.7 77.01995 147.4 66.3 81.11996 183.7 93.3 90.41997 203.3 56.6 146.71998 369.1 82.0 287.11999 523.7 94.9 428.82000 455.8 74.0 381.82001 613.9 89.0 524.92002 478.8 73.9 404.92003 720.7 116.3 604.42004 601.6 52.2 549.32005 682.5 101.0 581.52006 882.2 85.4 796.82007 866.5 115.0 751.52008 1,436.6 75.9 1,360.72009 540.9 61.1 479.82010 227.7 58.2 169.5

Foreign Direct Investments (FDI)

~ 94 ~

Agricultural/manufacturing/Distribution, 10.5

InformationTech/communication, 83.1

Minerals & Chemicals,

0.6Insurance, 0.0

Tourism, 71.8

Mining, 20.0

Other, -18.4

Retained Earnings, 60.1

Divestment, 0.0

FDI Inflows by Sectorfor the Year 2010

Figure 37b

~ 95 ~

Table 37b

US$Mn

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010*

Agricultural/manufacturing/Distribution 14.7 22.5 13.2 88.2 43.5 118.9 40.8 46.7 75.2 23.5 10.5Information Tech/communication 57.2 112.5 52.3 105.7 17.9 55.0 58.2 164.5 257.0 136.6 83.1Minerals & Chemicals 9.6 15.7 0.3 30.9 9.8 12.8 11.6 5.2 2.3 0.0 0.6Insurance 6.0 0.0 0.0 10.7 10.2 0.0 0.0 0.0 0.0 0.0 0.0Tourism 69.4 24.3 48.8 114.3 114.6 106.7 185.7 196.9 196.0 155.4 71.8Mining 82.5 83.7 108.1 149.7 57.3 111.6 335.8 216.6 74.2 30.8 20.0Other 59.4 5.3 10.5 63.0 170.2 75.9 118.1 59.3 ^714.3 32.8 -18.4Sub-total 298.8 264.0 233.2 562.6 423.6 480.9 750.1 689.2 604.7 379.1 167.6Retained Earnings 116.1 115.9 162.0 158.1 178.0 201.6 132.1 177.3 117.5 161.8 60.1Divestment 40.9 234.0 83.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0TOTAL 455.8 613.9 478.8 720.7 601.6 682.5 882.2 866.5 1436.6 540.9 227.7

^ Include inflows arising from the acquisition of majority shareholdings in a local conglomerate* Preliminary

Data Sources:Annual Survey of EnterprisesJamaica Bauxite InstituteJAMPROForeign exchange records of Authorised DealersMedia

Jamaica's Annual Foreign Direct Investments Inflows By Sector

~ 96 ~

Table 38a

End of Period

No. ofVisitors

TotalLandedVisitors US Canada Europe Other++

Avg. Length ofStay (days)

2009 2,753,446 1,831,097 1,172,844 290,307 276,799 91,147Jan. 256,713 148,886 80,190 39,960 21,594 7,142 9.5Feb. 250,759 160,282 93,302 39,244 20,403 7,333 8.4Mar. 288,345 175,929 107,940 39,170 22,247 6,572 8.3Apr. 267,574 164,090 109,413 25,797 20,722 8,158 8.3May 221,624 153,443 105,537 17,975 23,047 6,884 8.3Jun. 237,100 168,561 122,688 13,219 24,916 7,738 9.6Jul. 252,052 195,940 138,965 18,961 27,105 10,909 10.1Aug. 204,022 152,573 101,792 16,343 25,783 8,655 9.2Sep. 140,364 95,263 57,479 9,966 21,455 6,363 9.5Oct. 166,298 108,820 69,039 12,700 20,507 6,574 8.9Nov. 194,465 125,494 76,716 20,356 22,323 6,099 9.6Dec. 274,130 181,816 109,783 36,616 26,697 8,720 10.9



* Excludes cruise passengers and armed forces.++ Includes Non-resident Jamaicans

RESIDENCE OF LANDED VISITORS*

TOURISM - VISITOR STATISTICS

~ 97 ~

Table 38b

End of Period Long-Stay Short-Stay

Non-ResidentJamaicans

CruisePassenger Total

2009 1,612,834 71,012 147,251 922,349 2,753,446Jan. 132,783 6,698 9,405 107,827 256,713Feb. 144,145 6,463 9,674 90,477 250,759Mar. 158,348 6,649 10,932 112,416 288,345Apr. 145,460 5,781 12,849 103,484 267,574May 137,055 6,186 10,202 68,181 221,624Jun. 149,407 5,629 13,525 68,539 237,100Jul. 171,682 6,032 18,226 56,112 252,052Aug. 133,069 5,757 13,747 51,449 204,022Sep. 80,989 5,572 8,702 45,101 140,364Oct. 94,406 5,768 8,646 57,478 166,298Nov. 111,869 5,294 8,331 68,971 194,465Dec. 153,621 5,183 23,012 92,314 274,130

2010 1,701,924 66,886 152,868 909,619 2,831,297Jan. 145,345 6,336 9,413 87,136 248,230Feb. 151,856 6,387 9,219 78,805 246,267Mar. 181,442 6,671 13,265 111,356 312,734Apr. 149,404 6,111 11,440 80,116 247,071May 135,117 5,600 9,058 60,304 210,079Jun. 145,597 5,178 13,430 66,517 230,722Jul. 179,229 5,859 19,438 64,904 269,430Aug. 142,514 2,079 14,815 61,843 221,251Sep. 82,586 5,389 9,035 55,403 152,413Oct. 99,589 5,635 9,475 59,398 174,097Nov. 119,323 5,594 9,403 71,601 205,921Dec. 169,922 6,047 24,877 112,236 313,082

2011 1,739,246 61,034 151,472 1,125,481 3,077,233Jan. 161,521 2,634 9,989 96,323 270,467Feb. 159,749 5,779 9,586 88,983 264,097Mar. 185,619 6,694 11,733 106,247 310,293Apr. 159,999 6,038 13,407 100,977 280,421May 131,218 5,787 9,578 77,579 224,162Jun. 147,957 5,058 13,530 83,997 250,542Jul. 178,025 5,026 19,442 71,228 273,721Aug. 136,805 4,384 13,944 74,803 229,936Sep. 84,760 4,716 8,804 63,212 161,492Oct. 98,882 4,691 8,963 84,888 197,424Nov. 125,550 5,151 9,020 123,683 263,404Dec. 169,161 5,076 23,476 153,561 351,274

TOURISM -VISITORS BY LENGTH OF STAY

FOREIGN NATIONALS

~ 98 ~

0

5,000

10,000

15,000

20,000

25,000

2005 2006 2007 2008 2009 2010

US$

Mn

International Investment Position

Assets Liabilities

Figure 39

~ 99 ~

Table 39

US$Mn.Period 2005 2006 2007 2008 2009 2010

Assets 3,616.41 4,463.37 5,105.15 5,181.57 4,286.11 5,836.83

Direct investment abroad 48.57 96.00 68.96 62.21 220.12 176.25 Portfolio investment 602.62 1,114.77 1,895.45 2,072.19 1,448.09 1,613.11 Financial derivatives 19.35 2.80 31.01 61.22 2.42 8.93 Other investment 858.45 932.26 1,231.99 1,213.01 886.12 1,867.16 Reserve assets 2,087.42 2,317.55 1,877.73 1,772.94 1,729.35 2,171.38

Liabilities 14,440.87 16,696.32 18,550.74 20,488.66 20,587.62 22,720.00

Direct investment in reporting 6,918.49 7,800.73 8,667.22 10,103.79 10,627.50 10,855.17 Portfolio investment 357.54 518.53 633.39 422.47 4,263.01 4,374.30 Financial derivatives 11.33 0.00 23.33 70.28 19.40 20.56 Other investment 7,153.51 8,377.06 9,226.81 9,892.12 5,677.71 7,469.97

Net International Investment Position -10,824.46 -12,232.94 -13,445.59 -15,307.09 -16,301.51 -16,883.18

INTERNATIONAL INVESTMENT POSITION (IIP)

~ 100 ~

Table 40

US$Mn.Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011

1. CURRENT ACCOUNT -91.4 -127.2 -121.2 -82.0 -70.0 -196.4 -217.5 -141.2 -186.2 -212.7 -182.8 -320.7 -187.0

GOODS BALANCE -346.4 -328.0 -306.6 -337.0 -283.8 -328.0 -368.6 -361.8 -407.8 -346.0 -335.1 -458.0 -396.7Exports (FOB) 108.2 126.6 135.1 156.9 174.5 152.7 134.7 126.2 141.5 139.7 110.5 140.2 127.6Imports (FOB) 454.6 454.6 441.7 493.8 458.3 480.7 503.4 488.0 549.3 485.7 445.6 598.2 524.3

SERVICES BALANCE 108.8 95.3 94.3 102.2 90.2 34.5 62.3 98.1 26.9 -4.8 8.9 17.6 92.6Transportation -38.9 -35.4 -33.0 -40.3 -35.4 -44.5 -46.4 -45.7 -61.9 -49.0 -45.5 -61.6 -55.1Travel 204.9 185.2 178.7 197.8 176.7 121.0 157.4 199.2 135.7 80.2 92.1 124.2 205.5Other Services -57.2 -54.5 -51.4 -55.3 -51.0 -42.0 -48.7 -55.4 -46.9 -36.1 -37.7 -45.0 -57.8

INCOME -56.0 -41.6 -69.6 -35.6 -51.4 -67.8 -78.4 -56.2 22.0 -29.8 -25.7 -33.2 -81.0Compensation of employees 7.8 2.4 -0.3 0.9 0.9 1.5 2.4 1.6 4.5 8.8 10.4 9.4 6.3Investment Income -63.8 -44.0 -69.3 -36.5 -52.3 -69.3 -80.8 -57.8 17.5 -38.5 -36.0 -42.6 -87.3

CURRENT TRANSFERS 202.3 146.9 160.7 188.3 175.0 164.9 167.2 178.8 172.8 168.0 169.1 152.9 198.0Official 14.5 9.1 8.7 17.4 9.6 9.5 9.0 16.0 10.8 5.9 12.3 7.1 6.0Private 187.8 137.8 152.0 170.9 165.4 155.4 158.2 162.8 162.0 162.1 156.8 145.8 192.1

2. CAPITAL & FINANCIAL ACCOUNT 91.4 127.2 121.2 82.0 70.0 196.4 217.5 141.2 186.2 212.7 182.8 320.7 187.0

CAPITAL ACCOUNT -2.1 -0.3 -2.4 0.1 -2.1 -2.4 2.9 3.3 -0.2 1.3 0.7 -0.1 1.8Capital Transfers -2.1 -0.3 -2.4 0.1 -2.1 -2.4 2.9 3.3 -0.2 1.3 0.7 -0.1 1.8

Official 0.0 2.1 0.1 2.5 0.2 0.1 5.1 5.2 2.0 3.5 2.5 1.9 3.9Private -2.1 -2.4 -2.4 -2.4 -2.3 -2.5 -2.2 -1.9 -2.2 -2.3 -1.8 -2.0 -2.1

Acquisition/disposal of non-produced non-financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

FINANCIAL ACCOUNT 93.5 127.5 123.6 81.9 72.1 198.7 214.6 137.9 186.3 211.4 182.1 320.8 185.3Other Official Investment 197.2 19.3 354.9 100.7 8.0 -407.9 53.4 -20.0 135.5 62.3 122.1 38.4 25.3Other Private Investment (including errors & omissions) 149.2 25.8 151.2 63.1 113.3 338.6 94.0 47.2 20.7 103.3 11.5 211.9 164.4

Reserves -252.9 82.4 -382.5 -81.8 -49.3 268.1 67.2 110.7 30.1 45.7 48.4 70.4 -4.4

1/ See Appendix IIIFOB - Free on Board

BALANCE OF PAYMENTS 1/

~ 101 ~

Table 41

US$Mn.J A M A I C A T R I N I D A D B A R B A D O S

End of Period

ForeignReserves

(net)Central

BankCommercialBanks (net)

OtherInstns.

ForeignReserves

(net)

CentralBank(net)

CommercialBanks (net)

ForeignReserves

(net)Central

BankCommercialBanks (net)

OtherInstns.

2006Mar. 2,078.1 2,259.4 643.8 9.8 6,159.1 5,344.8 814.3 865.1 439.3 223.9 89.9Jun. 2,110.0 2,178.3 654.3 4.5 7,065.4 6,124.5 940.9 805.3 414.9 221.6 91.4Sep. 2,342.0 2,358.3 532.2 5.7 7,301.1 6,469.3 831.8 806.6 417.0 238.4 91.7Dec. 2,317.6 2,281.3 589.7 5.6 6,310.7 6,522.6 1,192.7 845.6 444.3 248.6 83.5

2007Mar. 2,329.3 2,494.3 498.0 6.1 7,290.1 5,802.9 1,487.2 969.4 516.0 303.7 85.9Jun. 2,238.9 2,351.9 715.6 3.5 7,438.9 6,279.8 1,159.1 1,018.5 565.7 290.4 87.6Sep. 1,916.2 1,820.7 715.0 5.1 7,649.5 6,549.6 1,099.9 1,043.0 569.4 309.6 88.1Dec. 1,877.6 1,779.9 678.6 6.6 7,763.3 6,658.6 1,104.4 1,124.9 622.5 349.9 107.5

2008Mar. 2,083.1 1,976.4 647.1 6.9 8,356.8 7,321.7 1,034.9 1,248.7 690.5 415.4 107.2Jun. 2,228.3 2,348.8 431.1 5.3 10,403.9 8,719.2 1,684.5 1,146.5 653.9 314.3 137.2Sep. 2,250.6 2,151.6 291.8 5.1 10,150.5 8,720.9 1,429.4 991.5 585.0 223.0 135.1Dec. 1,772.6 1,639.5 598.0 5.8 10,821.4 9,364.1 1,457.1 875.9 522.6 196.3 146.5

2009Mar. 1,628.5 1,447.2 186.9 17.0 10,231.7 8,941.5 1,290.0 901.9 510.7 246.5 119.7Jun. 1,619.4 1,416.5 238.6 20.3 10,080.0 8,786.0 1,293.8 797.7 470.4 164.7 133.9Sep. 1,933.2 1,416.7 244.3 19.5 10,666.1 8,934.8 1,731.1 965.7 623.5 165.4 142.6Dec. 1,729.4 1,169.6 378.8 22.0 10,783.9 8,651.5 2,132.3 914.9 563.1 171.0 146.4

2010Mar. 1,751.9 1,903.5 558.4 24.2 10,861.2 8,788.3 2,072.8 1,035.4 573.9 284.9 146.4Jun. 1,795.8 2,033.4 644.5 21.5 10,841.0 9,110.8 1,730.1 .. .. .. ..

.. Not yet available

CARICOM COUNTRIES: FOREIGN RESERVES

~ 102 ~

Table 42

End of Period Cambios

AuthorizedDealers Interdealer Cambios

AuthorizedDealers Interdealer Cambios

AuthorizedDealers

20091/ 1,906.80 4,418.10 1,670.34 1,617.92 4,628.20 1,691.92 263.88 726.91Jan. 163.84 428.68 246.56 118.40 526.91 251.20 9.91 18.40Feb. 145.83 341.42 136.95 111.69 338.85 141.31 15.12 51.79Mar. 163.71 357.14 97.89 134.30 381.26 99.77 22.48 65.29Apr. 151.31 340.19 106.61 138.49 345.92 106.62 26.37 62.87May 151.22 314.21 109.01 127.68 330.49 111.34 21.16 57.41Jun. 174.16 382.33 111.11 150.30 390.90 113.13 24.69 69.87Jul. 177.54 396.48 136.71 150.17 453.08 137.32 28.26 74.00Aug. 151.37 341.45 159.70 127.89 347.27 161.78 22.57 64.15Sep. 148.64 345.25 139.05 132.09 343.87 136.62 24.91 65.28Oct. 141.36 338.33 112.86 128.75 347.40 114.20 18.65 58.71Nov. 155.26 389.64 149.30 140.35 392.91 149.69 21.70 62.40Dec. 182.56 442.98 164.59 157.81 429.34 168.94 28.06 76.74

2010 1,885.82 4,877.08 2,391.23 1,555.44 5,398.46 2,418.98 302.98 921.76Jan. 153.85 383.98 115.70 141.06 379.85 116.70 21.74 57.99Feb. 151.68 408.15 130.73 128.32 393.31 133.87 21.01 60.36Mar. 169.76 437.90 232.94 156.30 439.56 239.45 27.98 84.77Apr. 146.38 400.58 223.32 133.53 454.18 221.29 26.94 81.41May 145.88 343.11 182.84 115.31 396.89 184.38 22.96 65.88Jun. 174.45 407.93 244.78 146.20 553.18 246.20 34.15 90.05Jul. 158.10 375.66 202.55 114.01 457.81 205.53 21.99 71.94Aug. 166.48 368.11 199.00 129.49 478.34 199.96 24.44 75.69Sep. 147.86 422.83 204.78 111.04 415.51 204.90 27.07 78.99Oct. 138.95 384.92 216.59 117.19 432.90 220.50 20.24 74.88Nov. 147.40 432.11 226.90 115.73 432.52 231.01 21.33 76.26Dec. 185.03 511.80 211.10 147.26 564.41 215.19 33.13 103.54

2011 2,445.85 5,469.70 2,948.84 2,086.51 5,809.18 2,949.14 362.93 987.95Jan. 160.77 432.05 261.56 128.13 457.85 261.99 23.18 93.24Feb. 168.32 428.13 253.60 151.87 482.81 254.94 26.84 81.00Mar. 168.79 547.64 297.64 153.36 562.90 297.02 29.18 106.74Apr. 159.11 491.58 225.52 118.53 520.32 224.07 24.47 94.54May 173.31 500.00 220.97 153.04 570.31 220.67 23.36 102.28Jun. 156.98 457.88 276.58 125.83 476.53 276.76 28.91 93.55Jul. 170.73 519.14 198.61 137.66 537.52 199.91 24.14 81.12Aug. 250.38 454.07 253.09 205.96 492.08 252.50 37.70 82.61Sep. 249.88 404.01 229.02 225.86 446.26 227.69 35.01 61.34Oct. 252.12 394.18 226.33 223.64 384.92 227.29 32.07 57.68Nov. 261.34 425.13 238.51 240.36 453.97 239.80 37.60 63.22Dec. 274.12 415.89 267.41 222.27 423.71 266.50 40.47 70.63

1/ Starting in February 2009 the Sales to BOJ figures include amounts purchased for resale to public bodies. Effective 27th Nov. 2000, Foreign Exchange Dealers were not required to report deposits & withdrawals

COMBINED FOREIGN EXCHANGE FLOWS OF AUTHORIZED DEALERS (Equivalent of all currencies in US$Mn.)

P U R C H A S E S S A L E S SALES TO BOJ

~ 103 ~

Table 43

J$PURCHASES SALES

End ofPeriod US$ Weighted Rate* US$ Weighted Rate*

2009Jan. 85.61 86.07Feb 87.81 88.30Mar 87.95 88.82Apr 88.55 89.01May 88.87 89.08June 88.59 89.07Jul 88.61 89.01Aug 88.60 89.00Sept 88.65 89.08Oct 88.97 89.24Nov 89.17 89.59Dec 89.06 89.60

2010Jan 89.27 89.70Feb 89.43 89.75Mar 88.96 89.51Apr 88.79 89.07May 87.70 88.48June 85.44 86.02Jul 85.67 86.09Aug 85.12 85.58Sept 85.80 86.25Oct 85.14 85.62Nov 85.74 86.14Dec 85.34 85.86

2011Jan 85.24 85.69Feb 85.52 85.81Mar 85.40 85.75Apr 85.36 85.73May 85.39 85.78June 85.54 85.91Jul 85.68 86.15Aug 85.79 86.13Sept 85.94 86.30Oct 86.07 86.49Nov 86.30 86.70Dec 86.14 86.60

*US$ Spot Weighted Average Rates on the last banking day of the period.

SELECTED EXCHANGE RATES

~ 104 ~ Table 44

US$000

End of Period "A" "B" Other Total "A" "B" Other Total "A" "B" Other Total Total

ForeignCurrency

Loans

2009Jan. 164,387 4 1,493,547 1,657,938 192,913 56,334 190,367 439,614 76,253 169 64,879 141,301 2,238,853 1,525,529Feb. 161,078 4 1,483,219 1,644,301 194,651 54,640 192,796 442,087 77,760 190 62,524 140,474 2,226,862 1,584,729Mar. 167,287 4 1,458,354 1,625,645 199,774 54,260 201,812 455,846 70,348 141 62,282 132,771 2,214,262 1,586,516Apr. 163,163 4 1,532,601 1,695,768 205,234 54,033 205,821 465,088 72,429 152 51,752 124,333 2,285,189 1,579,350May 167,306 124 1,523,321 1,690,751 217,977 54,391 208,221 480,589 68,444 253 49,673 118,370 2,289,710 1,573,979Jun. 165,798 145 1,482,994 1,648,937 223,756 56,326 213,122 493,204 60,416 163 54,129 114,708 2,256,849 1,586,673Jul. 166,330 144 1,547,619 1,714,093 222,490 56,335 210,520 489,345 59,568 166 54,428 114,162 2,317,600 1,581,944Aug. 264,314 146 1,414,300 1,678,760 220,634 56,433 211,725 488,792 55,498 156 55,796 111,450 2,279,002 1,597,498Sep. 260,053 146 1,440,081 1,700,280 221,048 56,803 211,513 489,364 54,759 157 54,884 109,800 2,299,444 1,583,134Oct. 155,245 146 1,493,103 1,648,494 224,391 56,877 214,428 495,696 51,610 156 56,912 108,678 2,252,868 1,549,915Nov. 154,663 145 1,527,430 1,682,238 226,202 56,868 217,255 500,325 41,329 157 65,629 107,115 2,289,678 1,542,927Dec. 147,103 146 1,518,073 1,665,322 225,468 57,520 219,800 502,788 49,484 157 56,040 105,681 2,273,791 1,545,397



M E R C H A N T B A N K SB U I L D I N G S O C I E T I E SC O M M E R C I A L B A N K S

FOREIGN CURRENCY ACCOUNTS

~ 105 ~

Table 45

US$Mn.2009 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Total Inflows 164.6 162.3 175.9 171.7 175.6 183.8 183.9 182.1 182.4 185.9 172.7 210.9 2,151.8 Remittances 134.6 132.3 145.9 141.7 145.6 153.8 153.9 152.1 152.4 155.9 142.7 180.9 1,791.8 Remittance Companies 109.0 113.3 126.5 123.6 128.6 127.9 128.9 128.2 129.6 136.5 119.3 155.4 1,526.8 Other Remittances 25.6 19.0 19.4 18.1 17.0 25.9 25.0 23.9 22.8 19.4 23.4 25.5 265.0 Other Transfers 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 360.0 Total Outflows 22.5 17.0 21.3 16.6 17.3 21.8 30.0 31.5 21.0 21.2 22.5 26.1 268.9 Remittances 20.9 15.4 19.7 15.0 15.7 20.2 28.4 29.9 19.4 19.6 20.9 24.5 249.7 Remittance Companies 8.7 6.8 7.6 7.3 8.4 9.1 11.3 9.7 9.1 9.6 8.9 11.6 108.1 Other Remittances 12.3 8.6 12.1 7.7 7.3 11.1 17.1 20.2 10.3 10.0 12.0 12.9 141.6 Other Transfers 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 19.2 Net Transfers 142.1 145.3 154.6 155.1 158.3 162.0 153.9 150.6 161.4 164.7 150.2 184.8 1,883.0

2010 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Total Inflows 150.8 156.8 188.8 176.8 170.8 172.4 174.2 171.4 174.2 170.5 164.8 212.3 2,083.8 Remittances 136.1 142.1 174.1 162.1 156.1 157.7 159.5 156.7 159.5 155.8 150.1 197.6 1,907.4 Remittance Companies 116.2 122.4 147.5 136.8 132.9 132.8 134.9 133.6 132.4 134.7 127.3 162.3 1,613.8 Other Remittances 19.9 19.7 26.6 25.3 23.2 24.9 24.6 23.1 27.1 21.1 22.8 35.3 293.6 Other Transfers 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 176.4 Total Outflows 16.3 16.1 22.3 22.2 23.3 22.9 26.1 24.1 21.4 21.9 22.1 24.1 262.8 Remittances 15.1 14.9 21.1 21.0 22.1 21.7 24.9 22.9 20.2 20.7 20.9 22.9 248.4 Remittance Companies 8.4 6.8 8.6 8.0 8.2 8.9 10.2 9.4 9.1 9.5 8.9 11.1 107.1 Other Remittances 6.7 8.1 12.5 13.0 13.9 12.8 14.7 13.5 11.1 11.2 12.0 11.8 141.3 Other Transfers 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 14.4 Net Transfers 134.5 140.7 166.5 154.6 147.5 149.5 148.1 147.3 152.8 148.6 142.7 188.2 1,821.0

2011 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Total Inflows 158.8 171.0 194.0 189.8 180.8 181.1 185.3 189.2 185.7 179.9 168.5 217.0 2,201.1 Remittances 144.1 156.3 179.3 175.1 166.1 166.4 170.6 174.5 171.0 165.2 153.8 202.3 2,024.7 Remittance Companies 122.4 133.3 152.4 148.6 140.1 140.1 145.7 148.2 144.5 142.8 130.1 166.7 1,714.9 Other Remittances 21.7 23.0 26.9 26.5 26.0 26.3 24.9 26.3 26.5 22.4 23.7 35.6 309.8 Other Transfers 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 14.7 176.4 Total Outflows 20.5 18.7 22.7 24.0 25.0 22.5 22.1 26.9 22.7 22.3 23.6 24.6 275.8 Remittances 19.3 17.5 21.5 22.8 23.8 21.3 20.9 25.7 21.5 21.1 22.4 23.4 261.4 Remittance Companies 9.1 8.1 9.3 8.8 9.9 10.1 10.1 11.2 9.6 10.2 10.1 11.1 117.9 Other Remittances 10.2 9.4 12.2 14.0 13.9 11.2 10.8 14.5 11.9 10.9 12.3 12.2 143.6 Other Transfers 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 14.4 Net Transfers 138.3 152.3 171.3 165.8 155.8 158.6 163.2 162.3 163.0 157.6 144.9 192.4 1,925.3

PRIVATE SECTOR TRANSFERS

~ DB ~

Public Finance & Debt Tables 46 to 49

Table 46 Summary of Central Government’s Fiscal Operations 107 Table 47 National (Internal) Debt 109 Table 48a Direct External Debt 110 Table 48b Government Guaranteed External Debt 111 Table 48c Medium & Long-term Public and Publicly

Guaranteed External Debt 112 Table 48d Medium & Long-term Public and Publicly

Guaranteed External Debt (by Creditor) 113 Table 49 Debt & Debt Service Indicators 115

For more historical or current data, please see the Statistics page of the Bank of Jamaica website www.boj.org.jm

~ 106 ~

-200,000

-100,000

0

100,000

200,000

300,000

400,000

500,000

2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11

J$M

n

Fiscal Year

Central Government Revenue & Expenditure

Revenues & Grants Expenditure Surplus/Deficits

Figure 46

~ 107 ~

Table 46

J$mn2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11

REVENUE & GRANTS 149,894.2 171,539.1 186,684.2 211,310.5 252,035.8 276,199.8 300,193.3 314,558.5 Revenue 149,315.4 167,319.1 185,967.0 209,811.2 247,496.4 268,623.1 293,896.6 304,433.7 Tax Revenue 131,069.6 150,481.7 162,575.9 188,299.5 219,517.6 246,216.6 265,860.2 279,874.2 Non-Tax Revenue 9,044.0 9,824.5 11,802.4 14,048.5 18,235.0 16,081.3 21,245.5 20,473.9 Bauxite Levy/CD Transfers 2,137.9 2,479.1 3,124.6 4,169.9 4,998.3 4,446.7 1,582.1 421.1 Capital Revenue 7,063.9 4,533.8 8,464.1 3,293.3 4,745.5 1,878.5 5,208.8 3,664.5 Grants 578.8 4,220.0 717.2 1,499.3 4,539.4 7,576.7 6,296.7 10,124.8

TOTAL EXPENDITURE 178,732.2 199,487.8 207,724.1 248,011.6 294,279.6 351,521.4 421,458.5 388,768.0 Recurrent 173,247.9 188,382.0 192,250.0 224,505.3 252,877.9 310,149.5 387,044.2 333,173.9 Programmes 24,615.2 32,081.0 40,846.3 47,974.2 64,918.7 73,310.4 72,042.2 76,862.5 Wages & Salaries 60,463.1 63,516.8 63,108.0 78,713.2 86,235.8 111,533.9 126,286.4 127,956.7 Interest 88,169.6 92,784.2 88,295.7 97,817.9 101,723.4 125,305.2 188,715.6 128,354.7 Contingencies

CAPITAL EXPENDITURE & NET LENDING 4,642.2 11,105.8 15,474.1 23,506.3 41,401.7 41,371.9 34,414.3 55,594.1

Other 842.1

SURPLUS/DEFICIT -28,838.0 -27,948.7 -21,039.9 -36,701.1 -42,243.8 -75,321.6 -121,265.2 -74,209.5

SUMMARY OF CENTRAL GOVERNMENT’S FISCAL OPERATIONS

~ 108 ~

Table 47

Table 48

0100200300400500600700800900

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

J$B

n

End of Year

National Internal Debt

0123456789

US$

Bn

End of Year

National External Debt

~ 109 ~

Table 47

J$mn

End of Period

Fixed RateNotes

VariableRate Notes CPI Notes

USDNotes Other

TreasuryBills L.R.S^ Bonds*

CommercialBank Loans

OtherLoans

TotalInternal

Debt

2010Jan. 3,846.52 180,573.54 584,151.18 5,443.31 102.30 774,116.85Feb. 269,393.67 303,153.00 21,165.00 73,492.32 28,424.70 3,945.90 177.17 95,384.42 5,437.72 101.89 800,675.79Mar. 269,393.67 303,153.00 21,165.00 73,253.50 28,424.71 4,000.00 168.10 53,869.10 5,160.60 112.60 758,700.28Apr. 271,164.85 317,734.90 21,897.00 73,055.07 27,558.14 4,000.00 160.85 38,417.77 4,992.58 112.30 759,093.46May 280,468.53 318,162.15 22,090.15 73,080.38 21,376.56 4,400.00 0.00 33,068.21 4,992.54 111.86 757,750.38Jun. 299,456.05 318,193.31 22,325.42 73,189.32 18,438.28 4,400.00 0.00 32,205.37 4,992.30 111.45 773,311.50Jul. 314,080.47 318,193.30 22,468.28 77,193.35 14,390.34 4,400.00 0.00 32,209.83 4,748.97 110.57 787,795.11Aug . 313,822.60 319,558.69 22,664.45 76,999.53 14,390.34 4,343.01 0.00 23,868.26 4,748.92 110.57 780,506.37Sep. 317,352.36 319,930.46 22,744.10 77,878.61 12,518.32 4,400.00 0.00 31,547.15 4,642.89 107.46 791,121.35Oct. 329,653.24 319,930.46 22,852.14 77,392.95 9,901.87 4,000.00 0.00 31,321.72 4,474.88 107.02 799,634.28Nov. 332,650.02 319,993.77 22,987.54 77,993.34 6,711.07 4,000.00 0.00 31,480.13 4,474.80 106.57 800,397.24Dec. 335,199.12 320,017.81 23,191.16 78,027.94 3,849.87 4,000.00 0.00 31,116.40 4,456.26 105.69 799,964.25

2011Jan. 350,983.90 320,252.66 23,474.64 77,970.47 1,479.01 4,000.00 0.00 31,065.08 4,456.20 105.69 813,787.65Feb. 347,143.67 320,657.03 23,643.89 79,642.50 0.00 4,000.00 0.00 31,121.31 4,456.16 105.24 810,769.80Mar. 347,143.67 320,657.03 23,573.71 79,561.13 0.00 4,000.00 0.00 29,981.82 4,350.11 102.53 809,370.00Apr. 347,143.37 320,657.03 23,629.19 79,542.11 0.00 4,000.00 0.00 29,979.21 4,182.06 101.61 809,234.58May 355,992.81 338,740.75 23,823.87 79,587.29 0.00 4,000.00 0.00 29,988.94 4,182.06 101.61 836,417.33Jun. 358,809.06 338,741.66 23,964.81 79,678.63 0.00 4,000.00 0.00 29,644.96 4,163.46 101.15 839,103.73Jul. 361,418.72 338,741.66 24,151.13 80,320.28 0.00 4,000.00 0.00 29,309.74 4,163.41 100.21 842,205.15Aug . 361,253.59 364,872.19 24,334.11 80,293.90 0.00 4,000.00 0.00 29,301.75 4,163.36 100.06 868,318.96Sep. 361,568.08 364,872.18 24,495.52 80,458.72 0.00 4,000.00 0.00 28,497.27 4,057.31 1,050.38 868,999.46Oct. 361,656.40 364,871.83 24,657.84 80,244.03 0.00 4,000.00 0.00 28,566.82 3,889.25 1,050.38 868,936.55Nov. 361,656.40 376,104.28 24,805.51 80,440.28 0.00 4,000.00 0.00 28,623.46 3,889.20 1,049.91 880,569.04Dec. 361,656.40 379,359.16 24,921.75 80,349.06 0.00 4,000.00 0.00 28,182.64 3,870.64 1,048.94 883,388.59

Source: Debt Management Unit Ministry of Finance and Planning *Bonds includes Land Bond, Euro Denominated Loan and US$ Denominated Debt

JDX Benchmark Notes

NATIONAL DEBT (INTERNAL)

^In 2010, the GOJ exchanged eligibible domestic LRS notes for an equal amount of JDX Benchmark Notes in the Central Securities Depository of the BOJ

~ 110 ~

Table 48a

US$Mn.

End of Period IBRD IDB Other US/AID

EDC &CIDA Other Bonds

CommercialBanks

OtherCommercial

ExternalDebt

2009Jan. 315.4 558.8 225.6 69.3 0.3 599.6 3,429.9 142.2 32.6 5,373.7Feb. 403.9 622.7 226.4 78.5 0.3 588.8 3,169.5 162.5 31.9 5,284.5Mar. 400.8 615.9 228.0 84.3 0.0 588.9 3,189.7 169.3 32.9 5,309.8Apr. 404.8 617.1 261.0 84.3 0.0 585.2 3,188.8 185.4 41.5 5,368.1May 396.4 624.1 273.1 84.3 0.0 600.2 3,220.4 196.0 43.3 5,437.8Jun. 394.0 617.1 272.3 82.5 0.0 599.3 3,215.9 201.7 41.4 5,424.2Jul. 380.9 625.8 269.7 82.3 0.0 603.8 3,228.5 204.8 48.0 5,443.8Aug. 379.3 624.6 271.0 82.3 0.0 612.0 3,227.3 198.6 41.3 5,436.4Sep. 383.8 622.7 274.0 74.8 0.0 615.1 3,236.6 202.2 41.6 5,450.8Oct. 383.8 649.0 274.2 74.8 0.0 616.4 3,241.4 205.1 41.4 5,486.1Nov. 381.9 648.7 294.7 74.8 0.0 626.2 3,250.5 209.4 42.0 5,528.2Dec. 378.9 651.7 291.1 72.8 0.0 602.2 3,227.2 199.6 40.4 5,463.9

2010Jan. 375.6 658.9 293.3 72.8 0.0 604.7 3,211.5 204.9 39.4 5,461.1Feb. 564.0 860.3 296.7 72.8 0.0 609.4 3,202.6 205.1 38.2 5,849.1Mar. 575.7 860.4 297.1 57.1 0.0 591.0 3,198.6 201.0 37.5 5,818.4Apr. 574.8 853.8 326.4 57.1 0.0 590.6 3,190.4 228.8 34.9 5,856.8May 579.3 853.7 322.9 56.3 0.0 599.9 3,154.5 220.4 32.7 5,819.7Jun. 584.9 846.1 322.3 54.5 0.0 611.8 3,153.7 233.8 31.3 5,838.4Jul. 579.1 846.3 325.4 54.3 0.0 620.5 3,181.0 242.4 32.5 5,881.5Aug. 571.0 1,046.1 326.3 54.3 0.0 626.4 3,169.9 238.9 31.3 6,064.2Sep. 568.0 1,041.9 329.7 46.8 0.0 629.7 3,182.8 248.5 32.5 6,079.9Oct. 568.1 1,035.1 328.0 46.8 0.0 634.1 3,191.5 266.2 32.0 6,101.8Nov. 570.6 1,029.9 324.9 46.8 0.0 617.0 3,180.6 268.2 30.3 6,068.3Dec. 571.5 1,229.0 327.9 45.0 0.0 618.9 3,194.6 270.8 29.4 6,287.1

2011Jan. 569.6 1,223.6 330.3 44.7 0.0 613.2 3,204.8 278.3 29.7 6,294.2Feb. 560.8 1,224.3 332.3 48.7 0.0 619.7 3,608.4 279.8 29.2 6,703.2Mar.Apr. 559.3 1,216.7 334.9 41.0 0.0 625.8 280.4 29.6 3,644.3 6,732.0May 560.3 1,260.0 329.9 41.0 0.0 617.1 273.3 28.9 3,228.2 6,338.7Jun. 570.1 1,264.2 330.4 39.2 0.0 639.9 269.7 27.5 3,232.5 6,373.5Jul. 566.6 1,262.8 328.0 39.2 0.0 643.3 268.2 27.1 3,228.0 6,363.2Aug. 555.0 1,263.2 330.0 39.2 0.0 642.9 266.6 26.4 3,229.0 6,352.3Sep. 552.7 1,265.0 361.0 31.7 0.0 631.5 257.3 24.6 3,194.6 6,318.4Oct. 659.9 1,273.1 359.7 30.7 0.0 628.4 251.0 25.5 3,213.2 6,441.5Nov. 659.3 1,268.2 357.7 30.7 0.0 620.4 243.8 24.4 3,196.1 6,400.6Dec. 660.0 1,282.1 358.2 28.9 0.0 613.3 232.5 22.2 3,179.4 6,376.6

Source: Debt Management Unit Ministry of Finance and Planning

INTER-GOVERNMENTINTERNATIONAL

INSTITUTIONS

DIRECT EXTERNAL DEBT

~ 111 ~

Table 48b

US$mn

End of Period

CommercialBanks

OtherCommercial IADB IBRD CDB Other US/AID

EDC &CIDA

EXIMBANK Bonds Other

Total Govt.Guaranteed

External Debt

2010Jan. 100.1 1.9 10.1 0.0 30.3 55.0 3.7 4.7 0.0 607.1 290.6 1,103.5Feb. 98.1 1.9 10.4 0.0 30.3 53.6 3.7 4.7 0.0 607.2 287.8 1,097.7Mar. 97.9 1.9 11.9 0.0 30.3 53.5 3.7 4.7 0.0 607.1 283.6 1,094.6Apr. 187.5 1.9 7.9 0.0 48.0 87.9 3.6 5.2 0.0 607.1 283.4 1,232.5May 200.2 1.8 7.9 0.0 48.0 88.1 4.1 5.2 0.0 607.1 260.3 1,222.7Jun. 202.7 1.8 6.0 0.0 48.0 88.0 4.1 5.2 0.0 607.1 259.9 1,222.8Jul. 198.5 2.1 6.2 0.0 47.0 90.0 4.1 5.2 0.0 592.8 275.9 1,221.8Aug. 195.9 11.0 6.4 0.0 47.1 88.3 4.1 5.2 0.0 592.9 267.8 1,218.7Sep. 196.0 11.0 6.4 0.0 47.0 91.3 4.1 5.2 0.0 592.9 279.1 1,233.0Oct. 204.9 12.8 6.4 0.0 46.1 91.9 4.1 5.2 0.0 592.9 284.2 1,248.5Nov. 210.6 12.2 6.4 0.0 46.1 89.1 4.1 5.2 0.0 592.9 323.6 1,290.2Dec. 213.1 12.2 6.8 0.0 46.1 90.4 4.0 5.2 0.0 592.9 331.7 1,302.4

2011Jan. 210.9 12.1 6.8 0.0 45.3 91.3 4.0 5.2 0.0 578.6 337.8 1,292.0Feb. 220.7 12.0 7.4 0.0 45.2 90.5 4.0 5.2 0.0 578.6 339.9 1,303.5Mar.Apr. 223.2 12.9 7.4 0.0 44.5 89.9 3.9 5.2 0.0 578.6 359.9 1,325.5May 219.3 13.0 7.0 0.0 44.5 106.0 3.9 5.2 0.0 578.6 354.9 1,332.4Jun. 219.5 13.0 7.0 0.0 44.5 112.8 3.9 5.2 0.0 578.6 379.6 1,364.1Jul. 222.9 13.0 7.0 0.0 44.0 119.4 3.9 5.2 0.0 564.3 397.5 1,377.2Aug. 217.6 13.0 7.7 0.0 44.0 119.5 3.9 5.2 0.0 564.3 397.6 1,372.8Sep. 229.1 13.0 7.3 0.0 44.0 114.4 3.9 5.2 0.0 564.3 397.5 1,378.7Oct. 229.8 13.0 9.3 0.0 43.3 116.9 3.8 5.2 0.0 564.3 397.5 1,383.1Nov. 233.7 13.0 9.3 0.0 43.3 114.6 3.6 5.2 0.0 849.0 103.3 1,375.0Dec. 233.2 13.7 9.3 0.0 43.3 103.8 3.7 5.2 0.0 848.9 138.4 1,399.5


INTERNATIONALINSTITUTIONS I N T E R - G O V E R N M E N T

GOVERNMENT GUARANTEED EXTERNALLY ISSUED DEBT

~ 112 ~

Table 48c

US$Mn.End of Period

GovernmentDirect

GovernmentGuaranteed BOJ External Total

2009Jan. 5,373.7 872.3 0.4 6,246.4Feb. 5,284.5 869.9 0.4 6,154.8Mar. 5,309.8 867.8 0.0 6,177.6Apr. 5,368.1 860.6 0.0 6,228.7May 5,437.8 859.2 0.0 6,297.0Jun. 5,424.3 855.6 0.0 6,279.9Jul. 5,448.8 834.7 0.0 6,283.5Aug. 5,436.4 833.9 0.0 6,270.3Sep. 5,450.8 1,135.7 0.0 6,586.5Oct. 5,486.1 1,137.4 0.0 6,623.5Nov. 5,528.2 1,148.5 0.0 6,676.7Dec. 5,463.9 1,130.4 0.0 6,594.3

2010Jan. 5,461.1 1,103.5 0.0 6,564.6Feb. 5,849.1 1,097.7 640.0 7,586.8Mar. 5,818.4 1,094.6 640.0 7,553.0Apr. 5,856.8 1,232.5 640.0 7,729.3May 5,819.7 1,222.7 650.0 7,692.4Jun. 5,838.4 1,222.9 650.0 7,711.3Jul. 5,881.5 1,221.8 743.9 7,847.2Aug. 6,064.2 1,218.7 749.9 8,032.8Sep. 6,079.9 1,233.0 793.1 8,106.0Oct. 6,101.8 1,248.4 800.0 8,150.2Nov. 6,068.3 1,290.2 800.0 8,158.5Dec. 6,287.1 1,302.4 800.0 8,389.5

2011Jan. 6,294.3 1,292.0 850.0 8,436.2Feb. 6,703.2 1,303.6 850.0 8,856.7Mar. 6,706.5 1,318.3 850.0 8,874.8Apr. 6,732.0 1,325.5 850.0 8,907.5May 6,338.7 1,332.4 850.0 8,521.1Jun. 6,373.5 1,364.1 850.0 8,587.5Jul. 6,363.2 1,377.2 850.0 8,590.4Aug. 6,352.3 1,372.8 850.0 8,575.0Sep. 6,318.4 1,378.7 850.0 8,547.1Oct. 6,441.5 1,383.1 850.0 8,674.6Nov. 6,400.6 1,375.0 850.0 8,625.5Dec. 6,376.6 1,399.5 850.0 8,626.1


MEDIUM AND LONG-TERM PUBLIC AND PUBLICLY GUARANTEED EXTERNALLY ISSUED DEBT

~ 113 ~

Table 48d

US$Mn.End of Period Bilateral Multilateral Commercial Other Bonds Total

2009Jan. 686.4 1,195.0 261.8 37.6 4,065.6 6,246.4Feb. 684.7 1,350.3 277.7 36.9 3,805.2 6,154.8Mar 685.5 1,343.3 285.2 38.2 3,825.4 6,177.6Apr 684.4 1,383.4 289.8 46.7 3,824.5 6,228.7May 699.0 1,391.0 302.1 48.9 3,856.1 6,297.1June 696.3 1,380.4 305.6 45.9 3,851.7 6,279.9July 701.2 1,379.6 305.1 46.7 3,851.0 6,283.5Aug. 709.6 1,368.3 298.7 45.0 3,848.7 6,270.3Sept 1,003.2 1,378.0 302.8 44.3 3,858.1 6,586.4Oct 1,006.0 1,405.4 306.0 43.2 3,862.8 6,623.5Nov 1,022.8 1,426.3 311.9 43.9 3,871.9 6,676.7Dec 982.6 1,420.2 300.6 42.3 3,848.6 6,594.3

2010Jan. 976.4 1,423.3 305.0 41.3 3,818.6 6,564.6Feb. 978.4 2,455.3 303.2 40.1 3,809.8 7,586.8Mar 940.1 2,468.9 298.9 39.3 3,805.8 7,553.0Apr 939.9 2,538.8 416.3 36.8 3,797.5 7,729.3May 925.9 2,549.9 420.6 34.5 3,761.6 7,692.4Jun 935.5 2,545.3 436.6 33.1 3,760.9 7,711.3Jul 959.9 2,638.0 440.8 34.6 3,773.8 7,847.2Aug 957.9 2,835.0 434.8 42.4 3,762.7 8,032.8Sept 965.0 2,877.4 444.4 43.5 3,775.7 8,106.0Oct 974.4 2,875.6 471.2 44.8 3,784.3 8,150.3Nov 996.7 2,867.0 478.9 42.4 3,773.5 8,158.5Dec 1,004.9 3,071.6 484.0 41.6 3,787.4 8,389.5

2011Jan 1,004.9 3,116.9 489.3 41.7 3,783.4 8,436.2Feb 1,017.5 3,110.5 500.5 41.2 4,187.0 8,856.7Mar 1,015.1 3,109.5 507.9 42.1 4,200.2 8,874.8Apr 1,035.8 3,102.7 503.6 42.5 4,222.9 8,907.5May 1,022.2 3,157.7 492.6 41.9 3,806.7 8,521.1Jun 1,067.8 3,179.0 489.2 40.5 3,811.0 8,587.5Jul 1,089.1 3,177.8 491.1 40.1 3,792.2 8,590.4Aug 1,088.7 3,169.5 484.2 39.4 3,793.3 8,575.0Sept 1,069.7 3,194.4 486.4 37.7 3,758.9 8,547.1Oct 1,065.6 3,312.2 480.7 38.5 3,777.5 8,674.6Nov 763.2 3,302.3 477.5 37.4 4,045.1 8,625.5Dec 789.4 3,306.7 465.8 36.0 4,028.3 8,626.1


MEDIUM AND LONG-TERM PUBLIC AND PUBLICLY GUARANTEED ISSUED EXTERNAL DEBT

(By Creditor Category)

~ 114 ~

0

50

100

150

200

250

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Per

Cen

t (%

)Total Debt to GDP Ratios

Externally Issued Debt/GDP Domestic Debt/GDP Total Debt/GDP

Figure 49

~ 115 ~

Table 49

US$Mn.2001 2002 2003 2004 2005 2006 2007 2008 2009

Total External Debt Service (accrued) 591.42 798.16 812.76 796.28 901.24 644.36 911.35 880.57 590.95

Total External Debt Service (actual) 591.42 798.16 812.76 796.28 901.24 644.36 911.35 880.57 590.95 Principal 319.63 506.91 500.42 493.44 543.03 258.79 483.40 486.10 203.25 Interest 271.79 291.25 312.34 302.84 358.21 385.57 427.95 394.47 387.70

Gross Exports of Goods & Services and Current Transfers 4,417.80 4,432.50 5,047.50 5,790.90 5,929.20 6,870.80 7,454.80 8,027.20 6,431.20

(PERCENTAGE)

External Debt Service Ratio (accrued) 13.39 18.01 16.10 13.72 15.20 9.38 12.23 10.97 9.19External Debt Service Ratio (actual)External Interest/Exports of Goods & Services 6.15 6.57 6.19 5.23 6.04 5.61 5.74 4.91 6.03External Debt Outstanding/Exports of Goods & Services 93.85 98.08 83.05 88.42 90.66 84.35 82.13 79.03 102.54External Debt/GDP 46.93 47.30 46.83 50.88 49.92 49.50 48.41 50.13 54.15Domestic Debt/GDP 70.48 74.94 76.99 72.06 69.04 68.26 62.52 59.80 69.10Total Debt/GDP 117.41 122.24 123.82 122.94 118.96 117.76 110.93 109.93 123.25

*As at 1994 Current Transfers was included when calculating Gross Exports & Services

Source: Debt Management Unit Ministry of Finance

DEBT AND DEBT SERVICE INDICATORS

~ DL ~

Prices & Production Tables 50 to 54

Table 50a Inflation Rates 116 Table 50b Comparative Annual Inflation Rates 118 Table 51 Percentage Change in Consumer Price Indices: All Jamaica 119 Table 52a Consumer Price Indices: All Jamaica 122 Table 52b Consumer Price Indices: Greater Kingston Metropolitan Area 123 Table 52c Consumer Price Indices: Other Urban Towns 124 Table 52d Consumer Price Indices: Rural Areas 125

Table 53 Production of Selected Commodities 127

Table 54a GDP Rate of Growth by Industrial Sectors at Constant Prices 129 Table 54b Percentage Contribution of GDP Constant Prices 130 Table 54c GDP by Industrial Sectors at Constant Prices 131 Table 54d GDP by Industrial Sectors at Current Prices 132 Table 54e Per Capita GDP Indicators 133


~ 116 ~

Table 50a

End of Period 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Annual Rate 8.5 7.2 13.8 13.7 12.6 5.7 16.8 16.8 10.2 11.7 6.0

January 0.0 0.6 -0.3 0.8 0.0 0.1 1.0 2.2 -0.3 1.4 -0.2February 0.4 1.1 0.0 -0.6 0.6 0.4 0.0 0.4 1.8 0.8 2.2 -0.4March 0.6 0.3 0.1 0.4 0.5 1.0 0.1 1.2 1.2 0.8 0.5 1.1April 1.0 0.7 0.5 1.6 0.4 1.8 1.2 0.4 1.5 0.4 1.3 0.5May 0.4 0.7 0.3 1.7 0.6 2.1 0.4 1.3 2.4 0.9 0.6 0.7June 0.9 1.6 0.8 2.5 0.8 1.4 1.3 0.8 2.0 1.4 0.6 0.8July 1.0 1.0 1.5 1.5 1.0 1.6 1.3 1.0 2.8 1.0 0.4 0.8August 0.8 0.8 0.3 1.4 1.3 0.1 0.3 0.9 1.2 0.4 0.4 0.6September 1.1 0.8 0.4 1.5 0.6 2.5 0.7 1.6 0.6 1.7 0.5 0.8October 0.1 0.8 0.8 1.7 3.3 0.5 -0.1 1.4 0.3 0.8 0.8 0.5November 0.1 0.1 1.2 0.9 2.4 0.3 -0.2 3.2 -0.3 0.8 1.0 0.4December -0.7 0.2 0.5 0.8 0.6 0.1 0.4 2.5 0.0 1.1 1.4 0.4

Based on revised Consumer Price Index with a base period of December 2006

INFLATION RATEAll Jamaica (Point to Point) (%)

~ 117 ~

Figure 50

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Per

Cen

t (%

)

Comparative Annual Inflation Rates (Point-to-Point)

Jamaica USA Canada UK Venezuela T&T China

~ 118 ~

Table 50b

JAMAICAEnd ofPeriod

UnitedStates Canada

UnitedKingdom Venezuela Trinidad China

2001 8.5 1.6 0.7 1.1 12.3 3.2 -0.32002 7.2 2.4 3.8 1.7 31.2 4.3 -0.42003 13.8 1.9 2.1 1.2 27.1 3.0 3.22004 13.7 3.3 2.1 1.6 19.2 5.6 2.42005 12.6 3.4 2.1 1.9 14.4 7.2 1.62006 5.7 2.5 1.7 3.0 15.4 9.1 2.82007 16.8 4.1 2.4 2.1 22.6 7.6 6.52008 16.8 0.1 1.2 3.1 31.7 14.5 1.22009 10.2 2.7 1.3 2.8 26.8 1.3 1.92010 11.7 1.5 2.4 3.7 27.4 13.4 4.62011 6.0 3.0 2.3 4.2 28.9 5.3 4.1

COMPARATIVE ANNUAL INFLATION RATES(Point-to-Point)

M A J O R T R A D I N G P A R T N E R S

~ 119 ~

Table 51

December2011

CalendarYear to Date

AverageRate (Per

Month)1

12-MonthPoint to

Point

12-MonthFiscal Year2010/2011

to Date

DIVISIONS, GROUPS AND CLASSES 0.4 6.0 0.5 6.0 5.5

1 Food & Non-Alcoholic Beverages 0.3 5.4 0.5 5.4 8.1(i) Food 0.3 5.2 0.4 5.2 8.1(a) Bread and Cereal(ND) 0.1 8.2 0.7 8.2 7.5(b) Meat(ND) 0.4 9.1 0.8 9.1 5.5(c) Fish and Seafood 0.3 8.1 0.7 8.1 6.8(d) Milk, Cheese and Eggs (ND) 0.3 9.3 0.8 9.3 5.5(e) Oils and Fats (ND) 0.1 6.7 0.6 6.7 5.0(f) Fruit (ND) 0.7 17.0 1.4 17.0 14.1

(ii) Vegetable and Starchy Foods 0.3 -8.8 -0.7 -8.8 10.5(a) Vegetables 0.3 -11.2 -0.9 -11.2 14.3(b) Starchy Foods 0.2 -1.7 -0.1 -1.7 2.1(c) Sugar, Jam, Honey, Chocolate and Confectionery (ND) 0.5 20.2 1.7 20.2 17.8(d) Food Products n.e.c (ND) 0.6 7.1 0.6 7.1 5.2

(iii) Non-Alcoholic Beverages 0.5 9.4 0.8 9.4 7.3(a) Coffee, tea and cocoa 1.1 16.9 1.4 16.9 13.0(b) Mineral waters. Soft drinks, Fruit and Vegetable Juices (ND) 0.3 6.6 0.6 6.6 5.1

2 Alcoholic Beverages and Tobacco 0.2 5.1 0.4 5.1 2.6

3 Clothing and Footwear 0.7 8.7 0.7 6.3 6.6(i) Clothing 1.0 10.3 0.9 3.1 7.7

(ii) Footwear 0.3 6.3 0.5 6.3 4.9

4 Housing, Water, Electricity, Gas and Other Fuels 1.3 12.3 1.0 12.3 5.8(i) Rentals for Housing 0.4 5.5 0.5 5.5 5.4

(ii) Maintenance and Repair of Dwelling 0.3 7.2 0.6 7.2 2.8

(iii)Water Supply and Miscellaneous Services Related to the Dwelling 0.0 12.7 1.1 12.7 10.1

(iv) Electricity. Gas and Other Fuels 2.0 16.5 1.4 16.5 5.6

5Funishings, Household Equipment and Routine Household Maintenance 0.5 7.3 0.6 7.3 3.9

(i) Furniture and Furnishings (including Floor Coverings) 0.7 9.1 0.8 9.1 7.0(ii) Household Textiles 1.1 9.4 0.8 9.4 6.5

(iii) Household Appliances 0.5 4.8 0.4 4.8 3.1(iv) Glasware, Tableware and Household Utensils 0.6 7.1 0.6 7.1 5.3(v) Tools and Equipment for House and Garden 0.2 4.0 0.3 4.0 2.6

(vi) Goods and Services for Routine Household Maintenance 0.4 7.4 0.6 7.4 3.1

6 Health 0.4 2.5 0.2 2.5 2.2(i) Medical Products, Appliances and Equipment 0.2 2.9 0.2 2.9 2.5

(ii) Health Services 0.5 2.2 0.2 2.2 2.1

7 Transport 0.0 3.5 0.3 3.5 1.3

8 Communication 0.0 3.1 0.3 3.1 3.1

9 Recreation and Culture 0.6 3.0 0.3 3.0 2.2

10 Education 0.0 8.6 0.7 8.6 8.2

11 Restaurants and Accommodation Services 0.1 2.3 0.2 2.3 1.9

12 Miscellaneous Goods and Services 0.3 5.5 0.5 5.5 4.0

PERCENTAGE CHANGE IN CONSUMER PRICE INDICESAll Jamaica (%)

1Refers to Calendar year to date

~ 120 ~ Figure 52a

Food & Non-Alcoholic Beverages

38%

Alcoholic Beverages & Tobacco

2%

Clothing & Footwear3%

Housing, Water, Gas, Electricity, & Other Fuels

13%

Furnishings, Household Equipment & Routine

Household Maintenance5%

Health3%

Transport13%

Communication4%

Recreation & Culture

3%

Education2%

Restaurants & Accomodation Services

6%

Miscellaneous Goods & Services

8%

Proportion of the Goods & Services that Comprise the CPI Basket

~ 121 ~

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Annual Percentage Contribution to Inflation

2010 2011

~ 122 ~

Table 52a

End of Period

Food & Non-Alcoholic

Beverages

AlcoholicBeverages &

TobaccoClothing &

Footwear

Housing,Water, Gas,

Electricity, &Other Fuels

Furnishings, House-hold Equipment &

Routine HouseholdMaintenance Health Transport

Communi-cation

Recreation& Culture Education

Restaurants &Accomodation

Services

MiscellaneousGoods &Services

AllItems

GroupWeight 37.46 1.38 3.33 12.76 4.93 3.29 12.82 3.99 3.36 2.14 6.19 8.37 100.00

2010Jan. 168.5 194.0 147.4 165.5 150.5 117.9 128.2 109.1 137.8 134.0 143.0 148.8 152.6Feb. 170.1 196.3 148.7 170.6 151.9 118.1 140.9 109.1 139.8 134.0 143.5 149.4 155.9Mar. 171.4 201.0 150.5 169.3 152.6 118.5 141.6 109.2 140.4 134.0 143.8 150.2 156.6Apr. 172.7 201.8 151.5 166.8 153.7 118.8 154.7 109.2 140.7 136.0 144.6 150.8 158.7May 174.1 203.0 152.3 168.9 154.4 119.0 155.2 109.2 140.9 136.0 144.8 151.3 159.7Jun. 176.2 204.3 153.5 169.0 155.3 119.0 154.6 109.2 141.0 136.0 144.9 152.4 160.7Jul. 178.2 204.5 154.5 167.8 155.8 119.3 153.6 109.2 142.2 136.0 145.2 153.1 161.3Aug. 179.1 205.0 155.7 167.8 156.8 119.7 153.5 111.7 143.1 136.0 145.8 153.1 162.0Sep. 179.8 205.5 156.4 169.3 157.4 120.2 153.2 111.7 144.3 142.2 146.1 155.3 162.8Oct. 181.6 207.0 157.5 171.0 158.3 120.3 153.8 111.7 144.5 142.2 146.3 157.5 164.0Nov. 184.8 207.1 158.2 172.6 158.9 120.4 154.6 111.7 144.7 142.2 147.8 157.8 165.7Dec. 188.6 207.8 159.1 176.3 159.9 120.8 156.2 111.7 145.3 142.2 148.3 158.6 168.1


CONSUMER PRICE INDICES(December 2006 =100)

All Jamaica

~ 123 ~

Table 52b

End of Period


Beverages

AlcoholicBeverages& Tobacco

Clothing&

Footwear

Housing,Water, Gas,


Furnishings,House-hold

Equipment &Routine

HouseholdMaintenance Health Transport

Communi-cation



Services


AllItems

GroupWeights 34.47 1.18 2.74 15.82 5.09 2.94 12.12 4.28 3.58 2.86 6.82 8.11 100.00



CONSUMER PRICE INDICES(December 2006 = 100)

Greater Kingston Metropolitan Area

~ 124 ~ Table 52c

End of Period


Beverages


TobaccoClothing &

Footwear

Housing,Water, Gas,




Communi-cation



Services


AllItems

GroupWeights 37.53 1.26 3.22 13.61 4.98 2.98 12.61 4.19 2.90 1.83 6.08 8.80 100.00



CONSUMER PRICE INDICES(December 2006 = 100)Other Urban Centres

~ 125 ~

Table 52d

End of Period

Food &Non-

AlcoholicBeverages


TobaccoClothing &

Footwear

Housing,Water, Gas,




Communi-cation



Services


AllItems

GroupWeights 39.57 1.57 3.80 10.20 4.80 3.67 13.41 3.68 3.40 1.76 5.79 8.35 100.00


2011Jan. 179.8 202.1 156.7 175.0 154.7 122.8 152.8 110.1 149.0 145.5 137.6 154.2 163.1Feb. 178.1 206.3 157.2 178.4 155.1 122.8 153.3 110.1 149.2 145.5 137.8 156 163.1Mar. 177.8 206.6 157.3 187.7 158.6 122.9 155.5 110.1 149.5 145.5 138.0 156.2 164.5Apr. 178.9 207.2 158.4 186.8 158.8 123.1 157.2 110.1 149.7 145.5 138.0 156.4 165.2May 180.9 208.1 158.8 191.8 159.5 123.3 156.6 110.1 150.2 145.5 138.6 157.5 166.6Jun. 182.4 209.1 159.9 195.4 160.0 123.6 156.7 110.1 150.2 145.5 140.4 157.9 167.8Jul. 185.0 209.3 160.1 197.1 160.2 124.0 156.9 110.1 150.4 145.5 141.2 158.2 169.1Aug. 186.3 209.4 160.8 192.0 161.0 124.8 158.1 112.3 150.5 145.5 141.3 159.4 169.6Sep. 188.0 209.5 164.3 194.5 161.9 125.4 157.7 112.3 150.8 146.4 141.4 159.6 170.7Oct. 189.9 209.8 164.7 197.2 162.5 125.4 156.5 112.3 150.9 146.4 141.4 160.0 171.7Nov. 190.8 210.2 165.4 195.2 163.4 125.7 156.8 112.3 150.9 146.6 141.4 160.5 172.0Dec. 191.3 210.4 167.0 198.1 164.4 126.3 157.0 112.3 151.9 146.6 141.4 160.7 172.7

CONSUMER PRICE INDICES(December 2006 = 100)

Rural Areas

Figure 53a Figure 53b

Figure 53c Figure 53d

Average Annual Production of Selected Commodities

0100200300400500600700800900

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Alumina & Bauxite ('000 tonnes)

0

20

40

60

80

100

120

140

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Petroleum Products (Mn Litres)

0

500

1,000

1,500

2,000

2,500

3,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Rum & Alcohol ('000 Litres)

010

20

30

40

50

60

70

80

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Cement ('000 tonnes)

~ 127 ~

Table 53

End of Period

Aluminatonnes

(000)

CrudeBauxite

tonnes (000)

TotalBauxite

tonnes (000)

Cementtonnes

(000) GasoleneDiesel &Fuel Oils

Turbo-Fuel/Kerosene Other Total

Sugar(000

Tonnes)

Rum &Alcohol

(000 Litres)Industry

(000 mWh)

Other(000

mWh)

2010Jan. 123.1 294.6 612.2 49.1 17.3 96.2 13.4 4.4 131.2 21.3 70.8 158.5 97.5Feb. 111.2 314.7 604.3 69.3 17.0 93.2 12.6 3.8 126.6 30.5 2,078.7 158.3 93.2Mar. 116.5 394.0 699.0 71.4 13.3 79.1 9.0 4.4 105.8 32.0 2,583.4 172.1 94.4Apr. 109.3 394.1 701.5 58.7 13.9 85.5 11.4 5.5 116.3 19.4 1,705.8 169.0 97.7May 110.0 369.6 674.3 64.3 18.8 105.9 15.1 5.1 144.8 9.0 2,508.3 174.1 104.6Jun. 112.9 345.8 672.0 62.9 18.3 102.7 14.7 4.0 139.7 2.5 2,279.2 177.2 106.3Jul. 114.0 460.9 746.4 44.3 16.8 99.6 12.6 5.3 134.3 1.6 2,411.3 183.3 112.1Aug. 168.9 452.0 882.0 41.3 16.8 100.4 12.0 4.0 133.2 0.9 2,076.8 176.2 106.8Sep. 164.0 307.3 738.9 31.5 7.4 38.3 5.4 3.7 54.8 0.0 1,877.9 167.8 106.9Oct. 146.8 386.8 766.0 52.0 0.0 0.0 0.0 0.0 0.0 0.0 1,310.7 163.2 101.2Nov. 159.2 303.8 746.4 55.4 13.8 70.6 6.8 2.2 93.4 0.0 992.8 162.5 90.7Dec. 158.7 304.4 736.6 49.2 15.3 79.5 11.4 6.5 112.7 4.1 1,143.0 163.9 97.9

2011Jan. 175.0 396.3 835.3 47.7 19.3 97.9 13.7 6.8 137.7 22.9 2,148.6 164.3 93.1Feb. 150.0 430.4 826.2 43.1 12.5 72.4 9.0 4.8 98.6 31.1 2,209.4 153.5 89.5Mar. 172.6 487.8 940.7 51.9 16.0 92.8 13.2 7.5 129.6 31.6 2,670.1 173.7 95.3Apr. 155.2 477.5 872.7 65.2 11.0 64.0 9.7 4.3 89.1 25.3 2,083.3 164.9 92.6May 169.0 419.9 831.4 57.2 6.0 27.8 3.9 3.2 40.9 18.1 1,605.8 173.5 100.6Jun. 152.4 343.2 734.4 52.1 18.3 93.0 11.5 3.3 126.2 4.6 838.8 169.1 97.9Jul. 162.5 451.2 861.6 78.5 20.3 88.1 13.3 6.5 128.2 2.0 227.1 179.0 101.3Aug. 159.3 449.3 857.6 66.2 17.0 83.3 9.4 4.4 114.1 0.0 1,837.7 175.7 100.1Sep. 161.1 446.3 861.3 59.5 19.3 85.8 5.6 6.8 117.5 0.0 1,768.4 168.3 95.2Oct. 168.6 406.0 842.0 72.0 19.9 100.3 6.3 5.1 131.6 0.0 217.7 169.1 93.1Nov. 159.4 377.2 824.6 66.7 16.8 87.4 9.4 6.3 119.8 0.0 199.7 170.8 98.5Dec. 162.3 445.3 882.9 57.2 17.9 95.1 9.7 9.4 132.2 7.7 1,820.0 164.5 91.8

1 Low sugar production in June 2007 was due to heavy rains and early closure of the largest sugar factory - Frome. 2 Petrojam refinery was shutdown in Oct 2010 due to scheduled regeneration exercise

P e t r o l e u m P r o d u c t s (Mn. Litres) 2

PRODUCTION OF SELECTED COMMODITIES

Electricity Sales

~ 128 ~

Figure 54a

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Per

Cen

t (%

)

Real GDP Growth RatesFor the years 1998 - 2009

~ 129 ~

Table 54a

INDUSTRIAL SECTOR 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Agriculture, Forestry and Fishing -12.7 6.7 -6.8 7.0 -11.2 -6.7 19.5 -7.5 -6.3 13.9Mining and Quarrying -0.3 2.9 2.1 5.0 2.2 2.8 0.9 -2.6 -2.5 -50.5Manufacture -1.7 -0.8 -2.0 -0.5 1.4 -4.3 -2.2 0.7 -1.3 -5.7Electricity and Water Supply* 2.0 0.7 4.6 4.7 -0.1 4.2 3.2 0.6 0.9 2.2Construction * 0.2 -0.2 -1.0 5.1 8.4 7.5 -1.9 4.6 -6.7 -6.5Wholesale & Retail Trade, Repairs & Installation of Machinery* 2.5 -0.3 0.4 1.7 1.5 1.4 2.2 1.4 -0.2 -2.3Hotels & Restaurants 5.3 -1.3 0.2 4.6 4.3 4.5 10.1 0.3 2.2 2.1Transport, Storage and Communication 6.7 4.8 6.2 4.0 1.4 0.9 4.5 3.3 -2.7 -4.3Financing & Insurance Services 4.1 5.9 6.3 6.8 2.8 -0.3 2.3 3.3 1.3 1.3Real Estate, Renting & Business Activities* -0.2 0.9 0.6 2.2 1.9 1.4 1.9 3.2 1.1 -0.7Producers of Government Services -0.4 1.4 0.8 0.2 0.2 0.3 0.5 1.3 0.3 0.0Other Services* 1.4 0.2 2.6 4.2 2.4 3.5 5.4 1.8 0.6 0.1Less Financial Intermediation Services Indirectly measured(FISIM)* -0.8 6.8 5.6 -2.9 1.6 -0.3 0.9 2.8 -1.3 1.8

TOTAL GROSS DOMESTIC PRODUCT AT CONSTANT PRICES 0.9 1.3 1.0 3.5 1.4 1.1 3.0 1.4 -0.9 -3.0

* Category names have been changed.** The category 'Hotels & Restaurants' has been added to the list.*** The 'Household and Private Non-Profit Insts.' category has been removed.

Source: Statistical Institute of Jamaica

RATE OF GROWTH OF GROSS DOMESTIC PRODUCTValue Added by Industry at Constant (2003) Prices (%)

~ 130 ~

Table 54b

INDUSTRIAL SECTOR 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Agriculture, Forestry and Fishing 5.9 6.2 5.8 6.0 5.2 4.8 5.6 5.1 4.8 5.6Mining and Quarrying 3.9 3.9 4.0 4.0 4.1 4.1 4.1 3.9 3.8 2.0Manufacture* 10.5 10.3 10.0 9.6 9.6 9.1 8.6 8.5 8.5 8.3Electricity and Water Supply 3.2 3.2 3.3 3.3 3.3 3.4 3.4 3.3 3.4 3.6Construction * 7.9 7.8 7.6 7.8 8.3 8.8 8.4 8.7 8.2 7.9Wholesale & Retail Trade, Repairs & Installation of Machinery* 19.6 19.3 19.1 18.8 18.8 18.9 18.8 18.7 18.9 19.0Hotels & Restaurants** 4.9 4.7 4.7 4.8 4.9 5.1 5.4 5.3 5.5 5.8Transport, Storage and Communication 10.9 11.3 11.8 11.9 11.9 11.9 12.1 12.3 12.1 11.9Financing & Insurance Services 9.8 10.2 10.8 11.1 11.2 11.1 11.0 11.2 11.5 12.0Real Estate, Renting & Business Activities* 9.7 9.7 9.6 9.5 9.6 9.6 9.5 9.6 9.8 10.1Producers of Government Services 12.6 12.6 12.6 12.2 12.0 11.9 11.6 11.6 11.8 12.1Other Services 6.3 6.3 6.4 6.4 6.5 6.6 6.8 6.8 6.9 7.1Less Financial Intermediation Services Indirectly Measured(FISIM) 5.1 5.4 5.6 5.3 5.3 5.2 5.1 5.2 5.2 5.4

TOTAL GROSS DOMESTIC PRODUCT ATCONSTANT PRICES 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

* Category names have been changed. ** The category 'Hotels&Restaurants' has been added to the list.*** The 'Household and Private Non-Profit Insts.' category has been removed.


PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCTValue Added by Industry at Constant (2003) Prices (%)

~ 131 ~

Table 54c

J$Mn.INDUSTRIAL SECTOR 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Agriculture, Forestry and Fishing 26,675.9 28,458.4 26,521.4 28,389.8 25,196.5 23,495.9 28,077.3 25,965.0 24,319.3 27,702.4Mining and Quarrying 17,429.3 17,942.8 18,312.5 19,233.6 19,659.3 20,212.9 20,395.6 19,863.8 19,370.4 9,588.3Manufacture* 47,135.4 46,771.7 45,838.7 45,597.4 46,245.2 44,273.4 43,281.0 43,590.9 43,007.1 40,546.3Electricity and Water Supply* 14,314.7 14,408.7 15,072.6 15,782.4 15,761.8 16,416.4 16,949.3 17,043.8 17,197.7 17,567.8Construction* 35,632.2 35,570.3 35,222.7 37,001.4 40,126.5 43,124.9 42,297.2 44,230.2 41,286.1 38,584.3Wholesale & Retail Trade, Repairs & Installation of Machinery* 88,100.9 87,845.8 88,205.7 89,668.2 91,017.2 92,329.5 94,402.5 95,738.0 95,566.8 93,390.3Hotels & Restaurants** 21,911.8 21,632.3 21,685.1 22,686.5 23,664.4 24,733.5 27,230.4 27,320.6 27,929.9 28,525.0Transport, Storage and Communication 49,015.2 51,375.2 54,553.6 56,747.8 57,543.8 58,070.8 60,712.9 62,743.8 61,078.0 58,472.8Finance & Insurance Services* 44,001.1 46,617.0 49,533.3 52,898.8 54,142.6 54,197.8 55,447.9 57,273.1 58,024.7 58,798.7Real Estate, Renting & Business Activities* 43,754.0 44,133.4 44,383.4 45,359.3 46,233.9 46,862.9 47,734.4 49,269.4 49,831.0 49,458.4Producers of Government Services 56,679.9 57,454.4 57,941.8 58,055.2 58,144.2 58,294.0 58,579.1 59,365.5 59,569.2 59,575.8Other Services* 28,504.9 28,555.5 29,287.0 30,504.6 31,228.0 32,330.2 34,089.8 34,719.0 34,928.3 34,966.6Less Financial Intermediation Services Indirectly Measued(FISIM)* 23,020.20 24,576.40 25,941.90 25,179.10 25,577.50 25,495.40 25,730.20 26,446.00 26,102.50 26,582.7

TOTAL GROSS DOMESTIC PRODUCT AT CONSTANT PRICES 446,214.20 450,135.10 460,616.00 476,745.80 483,385.80 488,846.70 503,467.10 510,677.10 506,006.10 490,594.0

* Category names have been changed. ** The category 'Hotels & Restaurants' has been added to the list.*** The 'Household and Private Non-Profit Insts.' category has been removed.


GROSS DOMESTIC PRODUCTValue Added by Industry at Constant (2003) Prices

~ 132 ~ Table 54d

J$mnINDUSTRIAL SECTOR 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Agriculture, Forestry and Fishing 24,126.6 25,886.3 26,089.1 28,389.8 30,984.2 36,318.0 40,439.1 41,135.6 48,133.9 58,768.1Mining and Quarrying 14,336.4 15,956.9 16,578.6 19,233.6 23,533.4 25,106.3 27,260.4 32,353.2 16,239.5 8,955.8Manufacturing 36,336.2 37,974.4 40,072.1 45,597.4 51,469.7 54,393.2 60,038.2 68,252.2 79,740.6 86,367.5Electricity and Water Supply 10,874.4 12,054.3 13,575.9 15,782.4 18,290.2 22,304.1 25,960.1 28,814.8 38,126.3 37,916.0Construction* 25,953.6 28,576.1 30,551.6 37,001.4 45,847.9 52,269.0 56,665.7 67,616.3 74,603.7 76,496.5Wholesale & Retail Trade, Repairs & Installation of Machinery* 67,608.1 71,888.1 80,800.5 89,668.2 103,107.4 121,100.0 133,918.4 145,649.8 178,821.1 188,358.8Hotels & Restaurants** 17,454.7 17,789.3 18,737.9 22,686.5 26,202.6 28,644.3 33,353.5 36,178.6 40,419.0 45,048.4Transport, Storage and Communication 36,400.7 40,564.7 51,552.4 56,747.8 63,850.7 70,397.5 80,555.1 92,062.1 97,753.6 101,204.4Financing & Insurance Services 30,955.5 33,888.4 38,432.8 52,898.8 56,562.2 62,040.6 67,251.6 77,210.8 91,178.8 99,649.8Real Estate, Renting & Business Activities* 31,930.3 36,484.9 40,890.6 45,359.3 52,092.7 59,775.9 67,574.9 78,408.4 91,796.1 100,231.2Producers of Government Services 40,009.5 43,900.1 51,478.8 58,055.2 61,794.0 67,524.9 79,289.7 90,853.1 110,792.4 133,291.7Miscellaneous Services 22,478.2 24,239.5 26,466.5 30,504.6 34,458.1 38,710.0 44,167.6 49,065.5 55,972.5 61,418.5Less Financial Intermediation Services Indirectly Measued(FISIM)* 15,748.4 16,548.3 18,756.1 25,179.1 26,359.6 29,433.3 31,376.8 35,248.2 41,631.9 47,516.6

TOTAL VALUE ADDED AT BASIC PRICES 342,711.9 372,654.7 416,470.6 476,745.8 541,833.8 609,150.5 685,097.4 772,352.1 881,945.6 950,190.1

Taxes Less Subsidies on Products 41,965.6 46,116.6 52,045.9 65,957.5 78,424.7 86,067.5 98,557.3 115,065.3 127,727.9 133,258.2

GROSS DOMESTIC PRODUCT AT MARKET PRICE 384,771.3 418,771.3 468,516.5 542,703.4 620,258.5 695,218.0 783,654.7 887,417.4 1,009,673.6 1,083,448.3

* Category names have been changed. ** The category 'Hotels&Restaurants' has been added to the list.*** The 'Household and Private Non-Profit Insts.' category has been removed.


GROSS DOMESTIC PRODUCTValue Added by Industry at Current Prices

~ 133 ~

Table 54e

J$2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Total Gross Value Added in basic Values at Constant Prices* 173,838 175,141 176,130 181,569 183,325 184,443 189,053 190,850 188,302 181,998Total Gross Value Added in basic Values at Current Prices* 132,352 143,070 159,250 181,569 205,388 229,833 257,256 288,643 328,202 352,497Gross Domestic Product at market prices* 148,559 160,775 179,151 206,689 235,116 262,307 294,264 331,646 375,734 401,932Gross National Income at Current Prices 142,846 153,072 167,713 194,369 221,605 246,417 279,092 314,638 360,468 382,827National Income at Current Prices 131,032 140,645 154,245 178,605 203,931 226,494 256,377 289,019 331,347 351,931National Disposable Income at Current Prices 144,612 156,767 174,347 204,244 237,463 263,589 299,500 341,472 389,100 418,589Compensation of Employees at Current Prices 68,327 72,811 80,687 94,540 106,196 116,844 131,857 150,925 175,386 188,814Private Final Consumption Expenditure at Current Prices 110,247 118,678 133,644 154,734 177,016 203,082 228,869 281,967 337,986 328,080Government Final Consumption Expenditure at Current Prices 21,226 22,320 25,689 28,472 29,236 36,263 39,451 46,413 57,796 63,069Net National Savings at Current Prices 153,139 15,770 15,015 21,039 31,212 24,244 31,180 13,092 -6,681 27,440

* Changes made to category names


Per Capita IndicatorsGROSS DOMESTIC PRODUCT

~ ED ~

OtherTables 55 to 58

Table 55a Instalment Credit – Credit Outstanding 134 Table 55b Instalment Credit – New Business 135 Table 56 Housing Units Started & Completed

by Public Sector Institutions 137 Table 57 Number & Value of Mortgages by Major Institutions 139 Table 58 Selected Demographic Indicators 141

For more historical or current data, please see the Statistics page of the Bank of Jamaica website www.boj.org.jm

~ 134 ~

Table 55a

J$000End of Period Commercial Banks Merchant Banks Total




INSTALMENT CREDIT - Credit Outstanding

~ 135 ~

Table 55b

End of Period

Total(J$000)

MotorCars

CommercialMotor

VehiclesCapital

EquipmentLocal

Products

Business&

Farming

Consolid-ation of

Debt Other

2009Jan. 1,107,294 32 17 51Feb 755,272 35 18 47Mar 1,114,909 29 20 51Apr 702,319 31 14 55May 778,354 35 19 46June 849,064 31 20 49July 869,870 35 19 46Aug. 992,278 25 13 62Sept 981,821 36 5 14 45Oct 683366 48 12 40Nov 1,433,240 19 11 70Dec 1,152,696 36 13 51

2010Jan 672,635 42 16 42Feb 948,455 35 4 17 44Mar 1,434,139 33 1 18 48Apr 1,175,783 40 24 36May 1,100,683 30 20 50June 1,456,124 29 9 22 40July 1,221,437 37 19 44Aug 1,297,597 36 3 61Sept 1,416,792 28 3 26 43Oct 1,225,110 38 1 19 42Nov 1,374,553 30 10 17 43Dec 1,594,274 30 20 50

2011Jan 963,988 43 21 36Feb 1,419,607 32 2 17 49Mar 1,753,657 26 5 29 40Apr 1,796,950 21 4 40 35May 1,653,726 25 5 35 35June 1,951,838 27 17 22 34July 1,150,320 38 1 25 36Aug 1,294,211 32 4 21 43Sept 1,860,112 27 3 35 35Oct 1,389,692 39 6 23 32Nov 1,805,671 34 5 17 44Dec 1,913,990 29 2 30 39

INSTALMENT CREDIT -

P E R C E N T A G E D I S T R I B U T I O N

New Business

~ 136 ~

Figure 56a

Figure 56b

0

500

1,000

1,500

2,000

2,500

3,000

3,500

2004 2005 2006 2007 2008 2009 2010

Uni

ts

Housing Starts

Public Sector Private Sector

0500

1,0001,5002,0002,5003,0003,5004,0004,5005,000

2004 2005 2006 2007 2008 2009 2010

Uni

ts

Housing Completions

Public Sector Private Sector

~ 137 ~

Table 56

2004 2005 2006 2007 2008 2009 2010 2004 2005 2006 2007 2008 2009 2010

PUBLIC SECTOR 3,365 2,338 2,295 1,552 2,232 1,792 1,629 4,966 2,876 2,805 1,509 2,557 1,821 1,452

1. Ministry of Environment & Housing 1168 1843

2. Urban Development Corporation

3. Housing Agency of Jamaica (HAJ)1/ 62 135 0 104 351 139 630

4. National Housing Trust 2197 2338 2233 1417 2232 1688 1278 2,984 2,246 2,805 1,509 2,557 1,821 1,452 a) Build-on-Own Land 506 350 b) Home Improvement 169 194 ` c) Construction 1013 734

5. Sugar Industry Housing

PRIVATE SECTOR 1,838 1,783 580 1,039 1,005 315 1,045 866 1,310 795 1,173 1,790 612 1,547

West Indies Home Contractors (WIHCON) 457 296 599 233

Others 1381 1487 267 1077

TOTAL 5,203 4,121 2,875 2,591 3,237 2,107 2,674 5,832 4,186 3,600 2,682 4,347 2,433 2,999

1/ A merger of the National Housing Corporation Ltd, the Caribbean Housing Finance Corporation and Operation Pride

Source: Planning Institute of Jamaica (Economic and Social Survey)

HOUSING STARTS AND COMPLETIONS: PUBLIC AND PRIVATE SECTOR

S T A R T S C O M P L E T I O N S

~ 138 ~

Figure 57a

Figure 57b

01,0002,0003,0004,0005,0006,0007,0008,000

2004 2005 2006 2007 2008 2009 2010

Uni

ts

Number of Mortgages by Major Institutions

National Housing Trust Building SocietiesCredit Unions & Insurance Companies Housing Agency of Jamaica (HAJ)

0

5,000

10,000

15,000

20,000

25,000

2004 2005 2006 2007 2008 2009 2010

J$M

n

Value of Mortgages by Major Institutions

National Housing Trust Building SocietiesCredit Unions & Insurance Companies Housing Agency of Jamaica (HAJ)

~ 139 ~

Table 57

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010

NATIONAL HOUSING TRUST 5,812 5,632 7,207 5,546 5,918 6,806 4,147.3 10,966.7 11,864.7 10,417.3 12,275.4 15,714.6

BUILDING SOCIETIES 1/ 3,905 4,797 5,138 4,704 2,037 1,479 10,115.2 11,858.2 19,329.0 22,353.3 10,849.4 8,909.9

CREDIT UNIONS & INSURANCE COMPANIES 78 54 82 167 7 261.0 2,719.2 391.0 299.0 61.0 49.3

Housing Agency of Jamaica (HAJ) 75 72 42 48 20.0 19.8 10.4 13.9

Total number of Mortgages 9,870 10,555 12,469 10,465 7,955 8,292 14,543.5 25,563.9 31,595.1 33,083.5 23,185.8 24,673.8

Source: Planning Institute of Jamaica

V A L U E (J$Mn.)N U M B E R (units)

NUMBER AND VALUE OF MORTGAGESBy Major Institutions

~ 140 ~

Figure 58a

Figure 58b

0500

1,0001,5002,0002,5003,000

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

'000

Year

Mean Population & Labor Force

Mean Population ('000) Mean Labour Force

0

5

10

15

20

25

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Per

Cen

t (%

)

Years

Mean Unemployment Rates

Male Female Total

~ 141 ~

Table 58

Year

MeanPopulation

('000)

Net Migration(Arrivals -

Departures) Male Female Total Male Female Total

1997 2,534.3 -19 000 613.8 520.0 1,133.8 10.6 23.5 16.51998 2,557.0 -19 700 614.4 514.2 1,128.6 9.9 22.1 15.51999 2,574.5 -22 400 611.7 507.4 1,119.1 10.0 22.5 15.72000 2,589.5 -23 300 615.0 490.3 1,105.3 10.2 22.3 15.52001 2,607.9 -23 900 618.1 486.7 1,104.8 10.3 21.0 15.02002 2,625.5 -23 300 618.4 506.1 1,124.5 10.6 20.7 15.12003 2,630.3 -17 800 663.3 526.4 1,189.7 7.8 16.0 11.42004 2,647.5 -18 100 663.5 531.3 1,194.8 7.9 16.4 11.72005 2,652.9 -20 600 681.5 541.6 1,223.1 7.6 15.8 11.22006 2,665.4 -17 100 695.6 557.5 1,253.1 7.0 14.5 10.32007 2,674.0 -16 000 706.8 570.1 1,276.9 6.2 14.5 9.82008 2,686.0 -17 600 713.2 594.4 1,307.6 7.4 13.8 10.32009 2,695.2 -20 000 698.2 571.7 1,269.8 8.6 14.8 11.32010 2,701.3 -18 500 685.7 563.9 1,249.6 9.2 16.2 12.4

Source: Statistical Institute of Jamaica

Mean Labour Force ('000) Mean Unemployment Rate (%)

SELECTED DEMOGRAPHIC INDICATORS

~ EL ~

AppendicesAppendix 1 to 3

Appendix 1 Daily Movements in the J$ to US$ Exchange Rate 142

Appendix 1A Monthly Weighted Average Selling Exchange Rates – US,CAN, GBP 146 Appendix 1B Monthly Weighted Average Buying Exchange Rates – US,CAN, GBP 148

Appendix 1C Annual Average Exchange Rate – US $ 149

Appendix 2A Monetary Policy Developments – Liquid Assets & Cash Reserves 150 Appendix 2B Monetary Policy Developments – FX Management & Rates 152 Appendix 2C Monetary Policy Developments – Interest Rates: Bank, Savings… 153 Appendix 2D Monetary Policy Developments – Other 155

Appendix 3 Balance of Payments Methodology 156

For more historical or current information, please see the Monetary Policy & Foreign Exchange sections of the Bank of Jamaica website www.boj.org.jm

~ 142 ~

Appendix 1

US$

SellingRates

(J$) % Change

BuyingRates

(J$) % Change

01-Jul-11 1.00 = 85.86 0.06 85.56 -0.02 04-Jul-11 1.00 = 85.85 0.01 85.26 0.35 05-Jul-11 1.00 = 85.80 0.06 85.39 -0.15 06-Jul-11 1.00 = 85.83 -0.03 85.44 -0.07 07-Jul-11 1.00 = 85.87 -0.04 85.45 -0.01 08-Jul-11 1.00 = 85.89 -0.03 85.58 -0.15 11-Jul-11 1.00 = 85.91 -0.03 85.50 0.10 12-Jul-11 1.00 = 86.01 -0.11 85.55 -0.06 13-Jul-11 1.00 = 86.00 0.02 85.78 -0.26 14-Jul-11 1.00 = 85.98 0.02 85.68 0.11 15-Jul-11 1.00 = 85.98 0.00 85.63 0.06 18-Jul-11 1.00 = 85.98 0.01 85.56 0.07 19-Jul-11 1.00 = 86.01 -0.04 85.60 -0.04 20-Jul-11 1.00 = 86.08 -0.07 85.65 -0.05 21-Jul-11 1.00 = 85.08 1.15 85.86 -0.25 22-Jul-11 1.00 = 86.09 -1.19 85.82 0.05 25-Jul-11 1.00 = 86.11 -0.02 85.72 0.12 26-Jul-11 1.00 = 86.09 0.01 85.82 -0.12 27-Jul-11 1.00 = 86.09 0.00 85.71 0.13 28-Jul-11 1.00 = 86.12 -0.03 85.61 0.12 29-Jul-11 1.00 = 86.15 -0.04 85.68 -0.07 02-Jul-11 1.00 = 86.10 0.06 85.72 -0.05 03-Jul-11 1.00 = 86.04 0.07 85.73 -0.01 04-Jul-11 1.00 = 86.00 0.05 85.60 0.15 05-Jul-11 1.00 = 85.93 0.07 85.56 0.04 08-Jul-11 1.00 = 85.92 0.02 85.45 0.13 09-Jul-11 1.00 = 85.88 0.05 85.50 -0.0510-Aug-11 1.00 = 85.95 -0.07 85.51 -0.0211-Aug-11 1.00 = 85.99 -0.06 85.55 -0.0412-Aug-11 1.00 = 86.06 -0.08 85.62 -0.0915-Aug-11 1.00 = 86.08 -0.02 85.68 -0.0616-Aug-11 1.00 = 86.15 -0.08 85.78 -0.1217-Aug-11 1.00 = 86.19 -0.05 85.93 -0.1818-Aug-11 1.00 = 86.22 -0.04 85.82 0.1319-Aug-11 1.00 = 86.25 -0.02 85.88 -0.0822-Aug-11 1.00 = 86.25 0.00 85.80 0.1023-Aug-11 1.00 = 86.23 0.02 85.98 -0.2124-Aug-11 1.00 = 86.22 0.01 85.91 0.0825-Aug-11 1.00 = 86.23 -0.01 85.89 0.0326-Aug-11 1.00 = 86.21 0.02 85.84 0.0529-Aug-11 1.00 = 86.16 0.07 85.82 0.0330-Aug-11 1.00 = 86.14 0.01 85.73 0.1031-Aug-11 1.00 = 86.13 0.02 85.79 -0.0701-Sep-11 1.00 = 86.13 0.00 85.76 0.0302-Sep-11 1.00 = 86.10 0.04 85.83 -0.0905-Sep-11 1.00 = 86.10 -0.01 85.36 0.5506-Sep-11 1.00 = 86.09 0.01 85.67 -0.35

Movements in the Jamaican Dollar Buying & Selling Exchange Rates

~ 143 ~

US$

SellingRates

(J$) % Change

BuyingRates

(J$) % Change


07-Sep-11 1.00 = 86.11 -0.02 85.75 -0.0908-Sep-11 1.00 = 86.15 -0.04 85.66 0.0909-Sep-11 1.00 = 86.19 -0.05 85.72 -0.0712-Sep-11 1.00 = 86.20 -0.01 85.81 -0.1013-Sep-11 1.00 = 86.24 -0.05 85.71 0.1114-Sep-11 1.00 = 86.30 -0.07 85.97 -0.3015-Sep-11 1.00 = 86.29 0.01 86.07 -0.1116-Sep-11 1.00 = 86.28 0.02 85.99 0.0919-Sep-11 1.00 = 86.24 0.04 85.85 0.1720-Sep-11 1.00 = 86.26 -0.02 85.82 0.0321-Sep-11 1.00 = 86.27 -0.01 85.87 -0.0522-Sep-11 1.00 = 86.30 -0.03 85.93 -0.0723-Sep-11 1.00 = 86.28 0.02 86.06 -0.1626-Sep-11 1.00 = 86.28 0.01 85.85 0.2527-Sep-11 1.00 = 86.31 -0.04 85.97 -0.1428-Sep-11 1.00 = 86.31 0.00 86.03 -0.0829-Sep-11 1.00 = 86.29 0.02 85.99 0.0530-Sep-11 1.00 = 86.30 -0.01 85.94 0.0603-Oct-11 1.00 = 86.28 0.03 85.94 -0.0104-Oct-11 1.00 = 86.32 -0.05 85.86 0.1005-Oct-11 1.00 = 86.31 0.02 86.05 -0.2206-Oct-11 1.00 = 86.34 -0.03 85.85 0.2207-Oct-11 1.00 = 86.35 -0.02 86.08 -0.2610-Oct-11 1.00 = 86.35 0.00 86.07 0.0111-Oct-11 1.00 = 86.36 -0.01 86.02 0.0612-Oct-11 1.00 = 86.40 -0.05 86.04 -0.0213-Oct-11 1.00 = 86.41 -0.01 86.10 -0.0814-Oct-11 1.00 = 86.41 0.01 86.07 0.0418-Oct-11 1.00 = 86.40 0.01 86.05 0.0219-Oct-11 1.00 = 86.42 -0.02 86.01 0.0520-Oct-11 1.00 = 86.43 -0.02 86.08 -0.0921-Oct-11 1.00 = 86.41 0.02 86.09 -0.0124-Oct-11 1.00 = 86.42 -0.01 86.01 0.1025-Oct-11 1.00 = 86.45 -0.04 86.03 -0.0326-Oct-11 1.00 = 86.49 -0.05 86.01 0.0227-Oct-11 1.00 = 86.49 0.00 86.25 -0.2828-Oct-11 1.00 = 86.50 0.00 86.17 0.0931-Oct-11 1.00 = 86.49 0.01 86.07 0.1201-Nov-11 1.00 = 86.48 0.01 85.94 0.1502-Nov-11 1.00 = 86.50 -0.02 86.06 -0.1503-Nov-11 1.00 = 86.53 -0.04 86.05 0.0204-Nov-11 1.00 = 86.56 -0.04 86.13 -0.1007-Nov-11 1.00 = 86.59 -0.03 86.16 -0.0408-Nov-11 1.00 = 86.61 -0.03 86.40 -0.2809-Nov-11 1.00 = 86.60 0.01 86.33 0.0910-Nov-11 1.00 = 86.64 -0.05 86.35 -0.0211-Nov-11 1.00 = 86.62 0.02 86.25 0.1114-Nov-11 1.00 = 86.62 0.00 86.21 0.0515-Nov-11 1.00 = 86.68 -0.07 86.32 -0.13

~ 144 ~

US$

SellingRates

(J$) % Change

BuyingRates

(J$) % Change


16-Nov-11 1.00 = 86.68 0.00 86.46 -0.1617-Nov-11 1.00 = 86.70 -0.02 86.41 0.0518-Nov-11 1.00 = 86.68 0.02 86.38 0.0421-Nov-11 1.00 = 86.69 0.00 86.24 0.1622-Nov-11 1.00 = 86.69 0.00 86.23 0.0123-Nov-11 1.00 = 86.69 0.00 86.36 -0.1624-Nov-11 1.00 = 86.71 -0.02 86.03 0.3925-Nov-11 1.00 = 86.69 0.01 86.29 -0.3028-Nov-11 1.00 = 86.66 0.03 86.34 -0.0629-Nov-11 1.00 = 86.69 -0.03 86.36 -0.0330-Nov-11 1.00 = 86.70 -0.01 86.30 0.0701-Dec-11 1.00 = 86.70 0.00 86.27 0.0402-Dec-11 1.00 = 86.71 -0.02 86.20 0.0805-Dec-11 1.00 = 86.68 0.04 86.37 -0.1906-Dec-11 1.00 = 86.71 -0.03 86.40 -0.0407-Dec-11 1.00 = 86.74 -0.04 86.39 0.0108-Dec-11 1.00 = 86.81 -0.08 86.31 0.0909-Dec-11 1.00 = 86.81 0.01 86.59 -0.3212-Dec-11 1.00 = 86.84 -0.04 86.44 0.1713-Dec-11 1.00 = 86.90 -0.07 86.49 -0.0614-Dec-11 1.00 = 86.89 0.01 86.64 -0.1815-Dec-11 1.00 = 86.89 0.00 86.54 0.1216-Dec-11 1.00 = 86.89 0.00 86.58 -0.0419-Dec-11 1.00 = 86.85 0.05 86.45 0.1420-Dec-11 1.00 = 86.80 0.06 86.42 0.0421-Dec-11 1.00 = 86.77 0.04 86.37 0.0722-Dec-11 1.00 = 86.71 0.07 86.31 0.0723-Dec-11 1.00 = 86.67 0.05 86.31 0.0028-Dec-11 1.00 = 86.61 0.07 86.06 0.2829-Dec-11 1.00 = 86.61 0.00 86.06 0.0030-Dec-11 1.00 = 86.60 0.01 86.14 -0.08

~ 145 ~

0

20

40

60

80

100

120

140

160

Dec.1998

Dec.1999

Dec.2000

Dec.2001

Dec.2002

Dec.2003

Dec.2004

Dec.2005

Dec.2006

Dec.2007

Dec.2008

Dec.2009

Dec.2010

Dec.2011

Wei

ghte

d A

vera

ge S

ellin

g R

ate

(J$)

J$ per Unit of Foreign Currency

US CAN GBP

~ 146 ~

Appendix 1A

End of Period US CAN GBP

2009Jan. 82.78 67.55 119.86Feb. 88.06 70.95 126.69Mar. 88.46 70.88 126.79Apr. 88.98 73.00 130.81May 89.02 77.78 137.43Jun. 89.09 79.96 146.36Jul. 89.05 79.09 146.21Aug. 88.98 81.84 146.84Sep. 89.05 82.78 145.41Oct. 89.16 84.98 144.05Nov. 89.36 84.44 148.03Dec 89.61 145.48

2010Jan. 89.66 86.30 145.11Feb. 89.73 85.35 140.32Mar. 89.69 87.69 134.91Apr. 89.14 89.19 136.16May 88.85 86.03 129.60Jun. 86.63 83.59 127.04Jul. 86.25 83.18 131.24Aug. 85.82 83.63 133.74Sep. 85.89 83.38 133.06Oct. 85.75 83.30 135.62Nov. 85.89 83.52 136.58Dec 85.90 83.75 133.58


MONTHLY WEIGHTED AVERAGE SELLING RATESJ$ per Unit of Foreign Currency

~ 147 ~

0

20

40

60

80

100

120

140

160

Dec. 1998 Dec. 1999 Dec. 2000 Dec. 2001 Dec. 2002 Dec. 2003 Dec. 2004 Dec. 2005 Dec. 2006 Dec. 2007 Dec. 2008 Dec. 2009 Dec. 2010 Dec. 2011

Wei

ghte

d A

vera

ge B

uyin

g R

ates

(J$)

J$ per Unit of Foreign Currency

US CAN GBP

~ 148 ~

Appendix 1B

End of Period US CAN GBP




MONTHLY WEIGHTED AVERAGE BUYING RATESJ$ per Unit of Foreign Currency

~ 149 ~

Appendix 1C

US$ VS J$

1971 1.00 = 0.771972 1.00 = 0.771973 1.00 = 0.901974 1.00 = 0.911975 1.00 = 0.911976 1.00 = 0.911977 1.00 = 0.911978 1.00 = 1.411979 1.00 = 1.761980 1.00 = 1.781981 1.00 = 1.781982 1.00 = 1.781983 1.00 = 1.921984 1.00 = 3.941985 1.00 = 5.581986 1.00 = 5.501987 1.00 = 5.511988 1.00 = 5.511989 1.00 = 5.771990 1.00 = 7.241991 1.00 = 12.221992 1.00 = 22.991993 1.00 = 25.111994 1.00 = 33.291995 1.00 = 35.351996 1.00 = 37.251997 1.00 = 35.511998 1.00 = 36.651999 1.00 = 39.202000 1.00 = 43.082001 1.00 = 46.082002 1.00 = 48.542003 1.00 = 57.932004 1.00 = 61.342005 1.00 = 62.502006 1.00 = 65.882007 1.00 = 69.062008 1.00 = 72.922009 1.00 = 88.492010 1.00 = 87.382011 1.00 = 86.08

US DOLLAR ANNUAL WEIGHTED AVERAGESelling Exchange Rates

The Average Annual Exchange Rate is calculated as a simpleaverage of all the daily weighted average exchange rates forthe respective year.

~ 150 ~

Appendix 2A MONETARY POLICY DEVELOPMENTS

Liquid Assets & Cash Reserve Requirements

yyyy/mm/dd

2010/03/01 Cash reserve ratio of Commercial Banks in respect of foreign currency liabilities reduced from eleven percent (11%) to nine percent (9%). Cash reserve ratio of Commercial Banks in respect of local currency liabilities remained at fourteen percent (14%).

Cash reserve ratio of FIA Institutions in respect of foreign currency liabilities reduced from eleven percent (11%) to nine percent (9%). Cash reserve ratio of FIA Institutions in respect of local currency liabilities remained at fourteen percent (14%).

Cash reserve ratio of Building Societies in respect of foreign currency liabilities reduced from eleven percent (11%) to nine percent (9%). Cash reserve ratio of Building Societies in respect of local currency liabilities remained at fourteen percent (14%).

2010/03/01 Liquid Assets ratio of Commercial Banks in respect of foreign currency liabilities reduced from twenty five percent (25%) to twenty three (23%). Liquid Assets ratio of Commercial Banks in respect of local currency liabilities remained at twenty eight (28%).

Liquid Assets ratio of FIA Institutions in respect of foreign currency liabilities reduced from twenty five percent (25%) to twenty three (23%). Liquid Assets ratio of FIA Institutions in respect of local currency liabilities remained at twenty eight (28%).

Liquid Assets ratio of Building Societies in respect of foreign currency liabilities reduced from twenty five percent (25%) to twenty three (23%). Liquid Assets ratio of Building Societies in respect of local currency liabilities remained at twenty eight (28%).

2010/07/01 Cash reserve ratio of Commercial Banks in respect of local currency liabilities reduced from fourteen percent (14%) to twelve percent (12%). Cash reserve ratio of Commercial Banks in respect of foreign currency liabilities remained at nine percent (9%).

Cash reserve ratio of FIA Institutions in respect of local currency liabilities reduced from fourteen percent (14%) to twelve percent

~ 151 ~

(12%). Cash reserve ratio of Financial Institutions in respect of foreign currency liabilities remained at nine percent (9%).

Cash reserve ratio of Building Societies in respect of local currency liabilities reduced from fourteen percent (14%) to twelve percent (12%). Cash reserve ratio of Building Societies in respect of foreign currency liabilities remained at nine percent (9%).

2010/07/01 Liquid Assets ratio of Commercial Banks in respect of local currency liabilities reduced from twenty eight percent (28%) to twenty six percent (26%). Liquid Assets ratio of Commercial Banks in respect of foreign currency liabilities remained at twenty three percent (23%).

Liquid Assets ratio of FIA Institutions in respect of local currency liabilities reduced from twenty eight percent (28%) to twenty six percent (26%). Liquid Assets ratio of Financial Institutions in respect of foreign currency liabilities remained at twenty three percent (23%).

Liquid Assets ratio of Building Societies in respect of local currency liabilities reduced from twenty eight percent (28%) to twenty six percent (26%). Liquid Assets ratio of Building Societies in respect of foreign currency liabilities remained at twenty three percent (23%).

~ 152 ~

Appendix 2B MONETARY POLICY DEVELOPMENTS

INTEREST RATES Bank Savings Rates

yyyy/mm/dd

2010/01/06 The Bank of Jamaica reduced the rate applicable to its open market overnight tenor by 50 basis points to 0.5 percent.

2010/01/12 The Bank of Jamaica withdrew its offer of the 60-day to 180-day open market instruments.

2010/01/15 The Bank of Jamaica ceased accepting deposits under the special foreign currency deposit facility related to the “Intermediation Facilities” established on 12 November 2008.

2010/02/09 Interest rate applicable to Bank of Jamaica’s 30-day Open Market Instruments was reduced to 10.00 per cent.










~ 153 ~

Appendix 2C FOREIGN EXCHANGE RATE DEVELOPMENTS

Foreign Exchange Rates & Foreign Exchange Management Policy Revisions

yyyy/mm/dd 2001/10/23 Surrenders in Canadian dollars and Great Britain Pounds by all

Authorised Dealers and Cambios to the Bank of Jamaica will be purchased at the previous day's published 10-day moving average selling rate of the respective currency.

The rate applicable to surrenders in United States dollars remains unchanged at the previous day's weighted average selling rate.

2001/11/05 The Bank of Jamaica (BOJ) has implemented the following surrender arrangements with authorized dealers and cambios:

1. Authorized dealers and cambios are required to surrender to the BOJ a minimum of five percent (5%) but may surrender a maximum of ten percent (10%) of their daily gross foreign exchange purchases from commercial clients (this excludes purchases from authorized dealers, cambios or the BOJ).

2. Surrenders can be made in either of the three major currencies - United States Dollar (USD), Canadian Dollar (CAD), and Great Britain Pound (GBP). Surrenders for CAD and GBP purchases may be made in USD and must be converted at cross currency rates derived from the respective weighted average buying rates in the local market on the day of purchase.

3. The surrender rates for the three currencies will be the weighted average selling rate of the previous business day.

4. The frequency of surrenders to the BOJ may be done utilizing one of the following methods:

Daily surrenders, whereby authorized dealers and cambios deliver

funds to the BOJ on the business day immediately following the day of purchase. The surrender rate will be the previous business day's weighted average selling rate.

or

Weekly surrenders, whereby authorized dealers and cambios deliver funds to the BOJ on every Wednesday. The surrender will be calculated on the total gross commercial purchases for the previous Wednesday to Tuesday. The surrender rate will be the weighted average selling rate on the day of surrender (rate of the previous business day). If a public holiday falls on a Wednesday, then surrenders should be made on the next business day.

~ 154 ~

2009/02/03 The Bank of Jamaica established the Foreign Exchange Surrender Facility for public sector entities (PSE Facility). The aim of the facility is to centralize foreign currency demand of the public sector, especially Port Authority of Jamaica (PAJ), National Water Commission (NWC) and Petrojam. Under this facility Commercial Banks agreed to surrender fifteen percent (15%) of foreign currency purchases daily. The pre-existing requirement where Authorized Dealers and Cambios surrender within range of five percent (5%) to ten percent (10%) of their gross foreign currency purchases from commercial clients remains in effect. Therefore commercial banks are to surrender, in total between twenty percent (20%) to twenty-five percent (25%) of foreign currency purchases daily.

~ 155 ~

Appendix 2D MONETARY POLICY AND FOREIGN EXCHANGE RATE DEVELOPMENTS

Other Policy Developments

yyyy/mm/dd

2003/01/31 International Trust and Merchant Bank Limited terminated its operations During January 2003 and surrendered its deposit taking licence on January 31 2003.

2003/07/09 First Caribbean International Trust and Merchant Bank Limited (FCITMB) surrendered its deposit-taking licence previously issued under the Protection of Depositors Act, and has been renamed First Caribbean International Securities Limited.

2003/01/10 The Bank of Jamaica instituted a “Special Deposit” requirement for Commercial Banks and institutions licensed under the Financial Institutions Act. Each institution will be required to place cash deposits with the Central Bank equivalent to 5% of its Jamaican dollar deposit liabilities.

This measure is instituted in a context of increased speculation and heightened instability in the foreign exchange market which has been facilitated by the high levels of Jamaica dollar liquidity in the system.

The Central Bank intends to retain this measure until normality is restored in the foreign exchange system.

2003/02/10 The Bank of Jamaica introduced a special five-month open market instrument which will earn interest at 30% per annum. The interest on all other open market instruments remained unchanged.

This instrument was introduced in a context of significant Jamaica dollar liquidity and protracted instability in the foreign exchange market. It was intended as a temporary measure to be removed as soon as the corrective fiscal action being developed by the government became effective.

2003/02/14 The Bank of Jamaica withdrew the special five-month open market instrument which was introduced on 10 February, 2003.

The decision to remove this instrument came against the background of tight Jamaica dollar liquidity and the appreciation in the exchange rate over the preceding four days. The removal also came following representations made to the Bank of Jamaica by financial institutions and understandings reached with respect to the development of foreign exchange market protocols.

2005/05/27 The Bank of Jamaica ceased using reverse repurchase agreements to conduct open market operations.

~ 156 ~

Appendix 3 BALANCE OF PAYMENTS METHODOLOGY

The presentation format of Jamaica's Balance of Payments (BOP) has been revised to conform with the international standard as embodied in the 5th edition of the BOP manual published by the International Monetary Fund (IMF). The revisions have been made largely to harmonize the Balance of Payments statistics with the internationally accepted System of National Accounts (SNA) and the IMF's international statistical system.

Major Categories of the Balance of Payments

The new presentation of the Balance of Payments still consists of two main accounts. These are the Current Account and the Capital and Financial Account.

A. CURRENT ACCOUNT

The current account is further sub-divided into the Goods and Services, Income and Current transfers sub-accounts.

1. The Goods and Service Sub-account covers merchandise trade, travel, transportation and other services.

a. Merchandise Trade: This encompasses general merchandise, free zone imports and exports and goods procured in ports by international carriers.

b. Travel: Travel covers the goods and services acquired for personal consumption from an economy by persons staying for less than one year in the economy of which he/she is not a resident. This item includes travel for leisure, business, medical and educational purposes. Expenditure by seasonal workers are also included.

c. Transportation: This covers those services that involve the carriage of passengers, movement of goods (freight), charter of carriers with crew and other supporting services.

d. Other Services: Included in this group are services relating to communication, construction, insurance, finance, computer and information, personal, cultural and recre- ational activities, government and royalties and licenses fees.

2. The Income sub-account encompasses the compensation of employees and investment income such as profits, reinvested earnings, interest, dividends and other income.

3. The Current Transfers sub-account covers transactions such as taxes on income, workers' remittances, premiums and claims on non-life insurance.

~ 157 ~

B. THE CAPITAL AND FINANCIAL ACCOUNT has two major components, the Capital Account and the Financial Account.

1. The Capital Account covers (a) capital transfers and (b) the acquisition/disposal of non-produced, non-financial assets.

a. Capital transfers include the transfer (as gift, grant or bequest) of ownership of fixed assets, and funds linked to disposal/acquisition of fixed assets and the cancellation of debt by creditor.

b. Acquisition/disposal of non-produced, non-financial assets involves intangibles such as patents, leases and the purchases/sales of land by foreign embassies.

2. The Financial Account covers (a) direct investment (b) portfolio investment (c) other investments (trade credits, loans, currencies and deposits) and (d) official reserves.

While the composition of the accounts may have changed in some instances, the new presentation still facilitates identification of performance of familiar categories including merchandise trade, services, the current account, public and private capital flows and changes in official reserves.

~ FB ~

NotesTo Statistical Tables

Particular acknowledgement is made to the firms, institutions and Government Departments which have allowed the Bank to use their published data or other material or have assisted the Bank in the collection of statistics. Differences compared with previously published figures are due to subsequent revisions.

Page

Monetary Authorities 158

Currency & Liquidity 160

Commercial Banks 163

Other Financial Institutions 164

Interest Rates 166

Monetary and Capital Markets 168

External Sector 170

Public Finance & Debt 174

Prices & Production 175

Other 177

~ 158 ~

MONETARY AUTHORITIES

Table 1 - Monetary Survey

A monetary survey of money and credit based on the operations of the banking system and Central Government, compiled from monthly returns of assets and liabilities of the Central Bank, commercial banks and Central Government returns.

Foreign Assets (net) = foreign assets held by the banking system and Central Government less foreign liabilities of the Banking system. Statutory Sinking Fund investments are excluded.

Credit to Public Sector (net) = total holdings of Government securities and other claims on Government and public entities deposits with the banking system and Central Government's foreign assets.

Credit to the Private Sector = commercial banks' loans and advances to private institutions and individuals plus bills discounted payable in Jamaica plus other internal investments plus Bank of Jamaica discounts and advances and investments to the private sector.

Demand Deposits (adjusted) = commercial banks' demand deposits of private institutions and individuals plus bankers' drafts outstanding, less cash items in the process of collection.

Currency with the public = the total currency liability of the Central Bank, less currency held in commercial banks and the Central Bank.

Table 2 - Changes in Determinants of Money Supply

This table is based on monetary survey table. Data in this table show changes in the various factors affecting money supply. Minus sign denotes contractionary influence: no sign denotes expansionary influence.

Table 3 - Monetary Authorities Accounts

A monthly consolidated summary of the monetary assets and liabilities of the Central Bank and Central Government.

Foreign Assets = Net Foreign Assets held by the Bank of Jamaica and Central Government.

Claims on Central Government = Government advances and securities held by the Bank of Jamaica, less Central Government foreign assets.

Bankers Deposits, Other Deposits and Government Deposits are adjusted to exclude items in process of collection.

~ 159 ~

Table 4 - Central Bank: Monthly Summary of Assets and Liabilities

Currency = notes and coins issued by the Bank of Jamaica. Other Deposits include deposits of the National Insurance Fund and other official institutions. Capital and Reserve Fund: Capital Paid up is J$4 Mn. Other Reserves include Currency, and special reserves.

Foreign Assets include balances held in banks and other institutions abroad, foreign securities, foreign notes and coins, and subscription to the International Monetary Fund and Holdings of SDRs.

Table 5a - Monetary Base (Base Money) Indicators

Uses of Funds Currency issue comprises of currency in the hands of the non-bank public plus vault cash held in the banking system.

Current accounts of commercial banks comprise transaction balances and excess reserves. Data however reflect credit balances only.

Sources of Funds International Reserves are BOJ assets held in different reserve currencies, mostly the United States dollar, and used to back its liabilities, e.g., the local currency issued, and bank reserves deposited with the central bank, by the government or financial institutions.

Net Domestic Assets are calculated by subtracting BOJ Open-Market Operations, Net Credit to Commercial Banks, and other domestic Assets from Net Claims on the Public Sector.

Total Monetary Base is the total of Net International Reserves and Net Domestic Assets.

~ 160 ~

CURRENCY & LIQUIDITY

Table 7 - Currency Notes: Issues, Redemptions, Circulation

Compiled from information available at the Bank of Jamaica: · Currency Notes: Issues – Represent notes issued to Bank of Jamaica, (Banking Department)

Commercial Banks, Building Societies and the Cambio Association of Jamaica during each quarter. · Currency Notes: Redemptions – Comprise notes redeemed from Bank of Jamaica (Banking

Department ) and Commercial Banks during the respective quarter. · Currency Notes: Circulation – Represent the Stock Notes in circulation at the end of each quarter.

Table 8 - Commercial Banks : Clearings

Totals of cheques exchanged in the Clearing House of the Bank of Jamaica each month. The exchange of cheques include by means of delayed settlements, cheques drawn on all banks and branches in Jamaica.

Table 9a - Commercial Banks: Liquid Assets

Compiled from monthly reports of liquid assets submitted by the commercial banks. Data are an average of the Wednesdays in the month to August 1976. From September 1976, data are an average of all the working days in the month.

Cash includes domestic currency in bank vaults.

Balances with Bank of Jamaica include Cash Reserve, Current Account and Certificates of Deposit.

Local Registered Stock include stocks which have nine months or less to maturity or which may be specified by the Minister.

Specified Assets include development loans of five years and over as may be determined by the Minister.

Specified Foreign Assets related to foreign currency balances provided that such balances were obtained by purchase in Jamaica dollars after January 10, 1983 at rates other than the official rate of exchange. The inclusion of specified foreign assets in the determination of the commercial banks' liquid assets is effective as from June 1, 1983. This was terminated in March 1984.

Table 9b - Commercial Banks: Liquidity Ratios

Ratios are compiled from data in Table 8.0.

Table 9c - Commercial Banks: Statutory Liquidity

Compiled from monthly reports of liquid assets submitted by commercial banks. The Banking Law 1960 as amended by the Banking (Amendment) Act 1973 requires commercial banks to maintain a minimum of 20.0 percent of their prescribed liabilities as liquid assets. Such prescribed liabilities include deposit liabilities and such other liabilities as may by notice be specified by the Bank of Jamaica. Under Section 29 (1) of the

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Bank of Jamaica Act, as amended by the Bank of Jamaica (Amendment) Act 1984, the Central Bank may from time to time vary the percentage of prescribed liabilities which commercial banks are required to maintain as liquid assets. This is subject to the provision that such percentage shall not be less than 20 percent or more than 50 percent.

Amendment to Section 29 of the Bank of Jamaica Act on December 23, 1991 provides the Bank of Jamaica with greater flexibility in administering the liquid assets requirements. The provision allows for different percentages to be fixed for individual banks during the period January 15 to April 14, 1992.

Movements in required minimum liquid assets ratio of the commercial banks.

1964 15.0 June 1969 7.5 July 1972 18.5 November 1973 21.0 May 1974 23.5 March 1976 24.5 March 1977 27.5 April 1977 29.5 February 1983 34.5

April 1983 36.0 February 1984 40.0 November 1984 44.0 April 1985 48.0 February 1986 44.0 May 1986 38.0 March 1987 35.0 January 1988 30.0 February 1988 25.0 March 1988 20.0 April 1990 25.0 May 1990 27.5 November 1990 32.5 January 1991 33.5 April 1991 20.0 Jan. 15 to May 31, 1992 Different percentages fixed for individual banks. June 1992 Different percentages fixed for individual banks. July 1992 50.0 June 1995 47.0 August 1998 45.0 November 1998 43.0 May 1999 39.0 June 1999 35.0 October 1999 34.0 March 2000 33.0 June 2000 32.0 September 2000 31.0 March 2001 30.0 June 2001 29.0 September 2001 28.0

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March 2002 27.0 August 2002 23.0 December 2008 25.0 January 2009 27.0 February 2009 28.0 July 2010 26.0

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COMMERCIAL BANKS

Table 10a - Commercial Banks: Summary Accounts

A summary of the monthly consolidated statement of the assets and liabilities of the commercial banks.

Net Foreign Assets = balances and other foreign investments less foreign liabilities.

Credit to Private Sector: Total Loans & Advances less loans to Central Government, plus other internal investments.

Deposits with Central bank include reserve deposits. Also includes Certificates of Deposit between August 1987 and January 1995.

Private Demand Deposits (adjusted): Private demand deposits plus bankers' drafts outstanding, less cash items in the process of collection.

Table 10b-10c - Commercial Banks: Monthly Summary of Assets and Liabilities

Compiled from monthly statements of assets and liabilities of the commercial banks. Contra items are excluded from total assets and liabilities. Demand Deposits are unadjusted.

Balances with Bank of Jamaica: See Notes to Table 8.

Loans and Advances to Public Sector: Central & Local Government plus other Public Entities.

Loans and Advances to Private Sector includes commercial bills discounted.

The 'Foreign Assets' category does not include foreign currency loans and advances. These are captured under the 'Loans and Advances' category. 'Foreign Liabilities' does not include foreign currency deposits. These deposits are included in the 'Deposits' category.

Table 11a – 11d - Commercial Banks: Deposits

Compiled from monthly statements of assets and liabilities of the commercial banks.

Tables 12a -12c - Analysis of Loans and Advances

Compiled from monthly reports of loans and advances submitted by the commercial banks. Since June 1970, the classification of loans and advances is based largely on the U.N. International Standard Industrial Classification. Modifications have, however, been made in order to highlight certain industries e.g. tourism which is heavily weighted in the Jamaican economy. Loans made by the Agricultural Credit Bank and the National Development Bank are included.

Table 13 – Credit Card Receivables

This table shows outstanding amounts owed by credit card holders.

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OTHER FINANCIAL INSTITUTIONS

Table 14 - Consolidated Assets and Liabilities of F.I.A. Institutions

Compiled from monthly reports of assets and liabilities submitted by the Merchant Banks, and Finance Houses. From July 1994 data include only Merchant Banks and Finance Houses.

The 'Foreign Assets' category does not include foreign currency loans and advances. These are captured under the 'Loans and Advances' category. 'Foreign Liabilities' does not include foreign currency deposits. These deposits are included in the 'Deposits' category.

Table 15a – 15b - Analysis of Loans and Advances of F.I.A. Institutions

Compiled from monthly reports of loans and advances submitted by the Merchant Banks, and Finance Houses.

Table 16 - F.I.A. Institutions: Consolidated Statutory Liquidity

Compiled from the monthly reports of Merchant Banks, Finance Houses and Trust Companies liquid Assets. Under Section 29 of the Bank of Jamaica Act financial institutions are required to maintain a minimum of 15.0 percent of its prescribed liabilities. Adjustments in required minimum liquid assets ratio of F.I.A. Institutions are indicated below:

March 1984 15.0 June 1985 20.0 October 1985 21.0 November 1985 23.0 December 1985 25.0 May 1986 21.0 March 1987 18.0 January 1988 13.0

February 1988 9.0 March 1988 5.0 July 1989 4.5 April 1990 7.5 November 1990 8.0 December 1990 8.5 January 1991 9.0 October 1991 9.5 May 1992 11.0 July 1992 12.0 October 1992 13.0 January 1993 14.0 April 1993 15.0 July 1993 16.0 September 1993 17.0 August 1995 20.0 November 1995 25.0 February 1996 30.0 May 1996 35.0

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October 1999 34.0 March 2000 33.0 June 2000 32.0 September 2000 31.0 March 2001 30.0 June 2001 29.0

September 2001 28.0 March 2002 27.0 August 2002 23.0 December 2008 25.0 January 2009 27.0 February 2009 28.0 July 2010 26.0

Tables 17-19 - Building Societies

Compiled from information supplied by the Building Societies. Data relate to member societies. Building societies are also another group of non-bank financial institutions. The Bank of Jamaica assumed supervisory oversight of building societies in 1996.

Capital and Other Liabilities includes Statutory, General and Special Reserves.

Savings = Shares (95%) and Deposits (5%).

Table 20 - 22 - Credit Unions: Summary of Assets and Liabilities

Compiled from monthly reports of assets and liabilities submitted by the credit unions.

Table 23 – Other Financial Corporations

Other Financial Corporations are those institutions supervised by The Financial Services Commission. These include insurance companies, unit trusts, pension funds, and mutual funds

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INTEREST RATES

Table 24 – Commercial Banks Current Deposit and Loan Rates

These rates are compiled from information reported by the commercial banks to the Economic Information and Publications Department. The rates of interest being offered on time deposits relate to amounts over J$100,000. The savings rate represents an average range of rates offered on all categories of savings deposits. The average lending rate is a simple average of the range of interest rates offered on demand loans only.

Table 25a -25c - Commercial Banks Domestic Currency Weighted Deposit and Loan Rates

Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at specific rates of interest.

Table 25a shows the rates on local currency demand, savings and time deposits. Table 25b shows the rates on local currency time deposits by maturity. Table 25c shows the rates on local currency loans by sectors.

Table 26a -26c - Commercial Banks Foreign Currency Weighted Deposit and Loan Rates

Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at specific rates of interest.

Table 26a shows the rates on foreign currency demand, savings and time deposits. Table 26b shows the rates on foreign currency time deposits by maturity. Table 26c shows the rates on foreign currency loans by sectors.

Tables 27a-27c - FIA Institutions Domestic Currency Weighted Deposit and Loan Rates

The figures in Table 28a – 28c are compiled from monthly reports submitted by the FIA Institutions. These rates are weighted based on the actual volumes of all local currency loans and deposits extended at specific rates of interest.


Tables 28a-28c - FIA Institutions Foreign Currency Weighted Deposit and Loan Rates

The figures in Table 28a – 28c are compiled from monthly reports submitted by the FIA Institutions. These rates are weighted based on the actual volumes of all foreign currency loans and deposits extended at specific rates of interest.


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Tables 29a-29c - Building Societies Domestic Currency Weighted Deposit and Loan Rates

The figures in Table 29a – 29c are compiled from monthly reports submitted by the building societies. These rates are weighted based on the actual volumes of all local currency loans and deposits extended at specific rates of interest.


Tables 30a-30c - Building Societies Foreign Currency Weighted Deposit and Loan Rates

The figures in Table 30a – 30c are compiled from monthly reports submitted by the building societies. These rates are weighted based on the actual volumes of all foreign currency loans and deposits

extended at specific rates of interest.


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MONEY & CAPITAL MARKETS

Table 31a -Government of Jamaica Treasury Bills - Issued and Outstanding

Compiled from the results of Treasury Bill tenders at the Bank of Jamaica.

Table 31b - Holders of Government of Jamaica Treasury Bills

Compiled from the records of the Bank of Jamaica. Effective August 30, 1994 the statutory ceiling on Treasury Bills was increased from J$7.5 bn. to J$12 bn.

Table 32 - Bank of Jamaica Open Market Operations

Compiled by the Bank of Jamaica from results of its transactions with primary dealers. Open market operations are undertaken with Government of Jamaica Treasury Bills and Local Registered Stocks. Data reflect Bank of Jamaica Certificates of Deposit, Reverse Repos and Central Bank Deposits. Note however, that the Bank ceased using reverse repurchase agreements to conduct open market operations on 27 May 2005.

Table 33a - Corporate Securities: New Issues

Compiled from reports submitted to the Bank of Jamaica by the Jamaica Stock Exchange. New Issues are shares put on the market for public subscription. Where issues were oversubscribed, the larger applications were scaled down to enable allotment in full to the smaller applications. Issues not fully subscribed were taken up by underwriters.

Tables 33b-33c - Stock Exchange Index and Activities

Compiled from monthly trading data submitted by the Jamaica Stock Exchange.

As of June 1, 2000, the Jamaica Stock Exchange began the dissemination of its three-market capitalization indices: the JSE Index, the JSE All Jamaican Composite and the JSE Select. The JSE Index (base June 30, 1969 = 100) is an index of all the equities traded on the Stock Exchange. The index is weighted by the market capitalization of each equity. The JSE Composite Index (base May 1, 2000 = 31931) is an index of All Equities of Jamaican Companies traded on the Stock Exchange. The JSE Select (base June 1, 2000 = 1000) is an index of the fifteen (15) most liquid stocks trading on the exchange based on times traded and trade volume. The composition of this index is revised on an annual basis.

Calculation of Jamaica Stock Exchange (JSE) Market Index

The JSE uses the following formulae to compute its market indices: · Current Index = Sum (Issued Volume X Current Last Sale Price) ÷ Index Base

· Index Change = Sum [(Issued Volume ÷ Last Sale (Current - Previous)] ÷ Index Base

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Alternatively,

· Index Change = Current Market Index - Previous Market Index.

The Index Base is adjusted whenever: · The issued volume of a listed company changes as a result of the distribution of additional shares

from Rights Issues and/or New Issues;

· The market capitalization increases as a result of the listing of a new company;

· The market capitalization declines, as a consequence of the de-listing of a (listed) company.

N.B. Observe that bonus issues and stock splits do not impact market capitalization since both the issued volume and the quoted market price of the particular security would have been adjusted to reflect the split or bonus. As a result, the Base Divisor remains unchanged.

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EXTERNAL SECTOR

Table 34 - International Reserves

The format reflects:

(a) Row 4 - Bank of Jamaica's net international reserves position excluding the Bank's medium term liabilities which are usually treated 'above the line' or in the capital account of the balance of payments.

(b) Row 8 - The country's net official foreign position which includes the Bank of Jamaica's net international reserve position (row 4) as well as those of the Central Government and Selected Public Agencies. The changes in these stock figures normally provide an indication of the country's overall balance of payments surpluses or deficit position for a given period of time.

(c) Row 11 - The BOJ medium term liabilities and commercial banks net Foreign Assets are added to Row 8 to provide a broader concept of the country's foreign position.

Data on the Government sector are obtained from the Accountant General and Government's fiscal agents. Sources for the banking sector are returns of assets and liabilities of the Bank of Jamaica and the commercial banks. Official institutions are: Export Development Fund, Banana Industry Insurance Fund, Banana Board, Coconut Industry Board and the Sugar Industry Authority. The Capital Development Fund (CDF) is a statutory fund established to receive and administer the Funds accruing from the Bauxite Production Levy. Statutory Sinking Fund investments represent sums set aside and invested in foreign securities for the redemption of foreign debt. Domestic holdings of Jamaica Government securities issued in overseas markets have been excluded.

Table 35 - Balance of Visible Trade

Compiled from data on External Trade published by the Statistical Institute of Jamaica. Exports include re-exports.

Tables 36a-36b - Value of Exports and Imports by Sections of the S.I.T.C.

The format of Table 32.1 has been revised to reflect the standards recorded in the fifth edition of the Balance of Payments Manual. Merchandise trade encompasses general merchandise, goods for processing, repairs on goods, goods procured in ports by carriers and imports and exports of the free zones. The Statistical Institute of Jamaica (STATIN) provides data on the first three components in an aggregated form, which are based on custom's records. The data from STATIN are categorized as general merchandise. It should be noted that general merchandise transactions of the free zones are not reported by STATIN, and are therefore carried as a line item in the trade tables. Data on the other components are obtained by way of enterprise surveys.

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S.I.T.C. denotes Standard International Trade Classification

Imports are valued at c.i.f. (cost, insurance, freight) in Jamaica dollars.

Exports consist of exports of domestic products and re-exports of imported goods which have previously been cleared by the customs, as well as free zone exports and goods procured in ports.

Exports are valued at f.o.b. prices (free on board) in Jamaica dollars.

Tables 37a-37b – Foreign Direct Investment

FDIs are a measure of foreign ownership of the local, productive assets of a country, including factories, land and organizations.

Table 38a - Tourism Visitor Statistics

Compiled from data provided by the Jamaica Tourist Board and the Ministry of Tourism. The total number of visitors includes all foreign visitors and armed forces personnel on shore leave. Foreign crews and other carrier personnel, foreign diplomats, technical assistance personnel and migrant workers are excluded. Landed visitors are those staying in the island one night or more. Hotel room occupancy relates to the number of guests to the available beds. Data revised from 1995 to include non-resident Jamaicans.

Table 38b - Tourism Visitor by Length of Stay

Up to February 1966 long-stay visitors referred to those guests remaining over three guest-nights and short-stay three guest-nights and under. Since March 1966, the definition of long-stay visitors refers to those remaining three guest-nights and over while short-stay one to two guest-nights. Cruise passengers are passengers who disembark from cruise ships and return on board within a few hours to leave for the next port-of-call. Armed forces are military personnel on shore leave.

Tables 39 – International Investment Position

The international investment position (IIP) is a statistical statement that shows an economy’s stock of external financial assets and liabilities of the public and private sectors at a particular point in time1. The difference between the stock of external assets and external liabilities is the net IIP.

Tables 40 - Balance of Payments

Compiled by the External Sector Statistics Unit of the Bank of Jamaica. This table records the performance of the Jamaican economy to the rest of the world during a given period. The three main sources of data are surveys, foreign exchange records and administrative and other documentary sources.

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Table 41 - Caricom Countries: Foreign Reserves

Compiled from data on the Net International Reserves for Jamaica, Trinidad and Barbados.

Tables 42 - Combined Foreign Exchange Flows of Authorized Dealers and Cambios

Represents the foreign exchange purchases and sales volumes for Authorized Dealers and Cambios of allcurrencies stated in the equivalent of US$Mn.

AUTHORISED DEALERS CAMBIOS

Bank of Nova Scotia Jamaica Ltd Chapelton Investment Melroc Investments Limited T/A ACambio

Capital and Credit Merchant Bank Ltd Chin's Pastries Limited MoneyMasters LimitedCitibank N.A. Churches Co-operative Credit Union Limited PAYCS Trading Company LimitedFirst Caribbean International Bank Barita Investments Limited Paper Gold LimitedFirst Global Bank Ltd Jamaica Money Market Brokers Limited Pines Home Centre LimitedJamaica National Building Society Mayberry Investments Limited Paynow Investments Limited

National Commercial Bank Jamaica Ltd COK Sodality Co-operative Credit Union Limited Pow Pow's Financial Services Lim(formerly Pow Pow's Cambio & Centre Limited)

PanCaribbeanBank Limited CSK Internet and Small Loan Limited Prime Trust Financial CorporLimited

RBC RBJ Calden Services Limited Sterling Asset Management Limite

Victoria Mutual Building Society C&WJ (Communications & Other Workers ofJamaica) Co-operative Credit Union Limited Stratus Food Company Limited

Direct Exchange Financial Services Limited St. James Plaza Distributors Limit

CAMBIOS D & J Financial Services Limited Stocks and Securities Lim(formerly Paul Chen-Young Company)

Access Financial Services Limited Evergreen Enterprises Limited Star United Enterprise LimitedAlliance Financial Services Limited Frey King Limited (formerly Cambio King) Sun Investment & Finance LimitedAlvin Wallace and Company Limited Gem Palace Financial Services Tarcap Enterprise LimitedAmericana Enterprises Limited T/A Nancy'sFinancial Services Geld Investments Limited Tropical Money Systems Limited

Atiya Investments Limited Gold Nuggett Financial Service Company Limited TRJAY Trading Limited (formTyrone Moo Penn)

Barrett's Investment Limited GraceKennedy Currency Trading ServicesLimited Time Value Finance Limited

Banmark Bike Rental Limited G.T. Development Company Limited (formerlyLarry Chin Cambio)

Zipp Cafeteria & Unitrust FinaServices

Berry-Don Financial Services Limited Harbour View FC Money Exchange Limited UWI (Mona) & Community operative Credit Union Limited

BVS Betta Value Supermarket WholesaleCompany Limited Ideal Finance Corporation Limited VW Investments Company Limited

Brumalia Hardware Limited O.L. Intown Money Exchange Limited Vinar Limited Capital Solutions Limited Jasing Trading Company Limited Wintraders LimitedCasa Manola Limited Lasco Financial Services LimitedCurrency Changers Limited Lincars Investments

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Table 43 - Selected Exchange Rates

The weighted average buying and selling exchange rate of one US$ vis-a-vis the Jamaica dollar as at the last trading day in a month.

Table 44 - Foreign Currency Accounts

'A' accounts are tax free foreign currency accounts held by non-residents

Deposits to foreign currency 'B' accounts are sold to Commercial Banks and Building Societies, and the Jamaica dollar equivalent credited to the account at the existing rate of exchange.

Other accounts are held by residents and subject to the ordinary tax laws of Jamaica.

Table 45 – Private Sector Transfers

According to the fifth edition of the Balance of Payments Manual remittances to an economy are defined primarily by ‘Workers Remittances’. Workers Remittances cover current transfers by migrants who are employed in new economies and considered residents there. The revised BOP manual proposes an expansion in the items considered remittances. First, the concept workers remittance is replaced with personal transfers. Secondly the concepts of personal remittances, total remittance and transfers to nonprofit institutions serving households are introduced. Within the balance of payments frame work, investments in the economy by migrants, such as bank deposits and portfolio investments are excluded from remittances.

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PUBLIC FINANCE & DEBT

Table 46 - Government Operations

Compiled from monthly reports received from the Ministry of Finance.

Table 47 National Debt - Internal

The National Internal Debt table is compiled from the records of B.O.J. and Ministry of Finance. Total Bonds include Land Bonds, Debentures, US$ Indexed Bonds and US$ Denominated Bonds.

Table 48a - Government Direct Externally Issued Debt

The Direct Externally Issued Debt is compiled from records of the Ministry of the Finance. The debt refers to medium and long term loans & securities of the Government of Jamaica regardless of the residency of the holder of the debt. It excludes Government Guaranteed Debt issued outside of Jamaica on the primary market. In May 1986, a reclassification of loans resulted in major changes in some categories.

Table 48b - Government Guaranteed Externally Issued Debt

Government Guaranteed External Debt represents non-central government loans & securities issued outside of Jamaica on the primary market, regardless of the residency of the holder of the debt, with central government as guarantor. This category of debt is a potential liability to central government: in the event of default, government has to assume responsibility of repayment. The information is compiled from regular returns which are supplied by institutions contracting these loans. A reclassification of loans in May 1986 resulted in major changes in some categories.

Tables 48c-48d - Medium and Long-Term Public and Publicly Guaranteed Externally Issued Debt

The figures shown represent the National Externally Issued Debt regardless of the residency of the holder of the debt and are comprised of Direct Externally Issued Debt, Government Guaranteed Externally Issued Debt, and Bank of Jamaica's medium and long-term foreign liabilities.

The series have been revised to reflect Bank of Jamaica medium and long-term liabilities in accordance with specified debt classification. Medium and long-term external debt have original or extended maturity of more than one year and repayable in foreign currency, goods or services.

Table 49 - Debt and Debt Service Indicators.

Compiled from the records of the Bank of Jamaica and the Ministry of Finance.

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PRICES & PRODUCTION

Tables 50 – Inflation Rates

Inflation Rates are calculated and published each month by the Statistical Institute of Jamaica (STATIN). Inflation is measured through the use of the Consumer Price Index, which captures the rate of price change for goods and services consumed in Jamaica

51 - 52d - Consumer Price Indices (Jan. 1988 = 100)

The Consumer Price Index (CPI) is compiled and published each month by the Statistical Institute of Jamaica (STATIN). It is based on a basket of goods and services containing 480 items. The current series which has a base period of December 2006 reflect data captured in a Household Expenditure Survey conducted from June 2004 to March 2005. The survey covered lower and middle income households with median expenditure of $309,000 in 2004/5, representing 85 per cent of all households.

The geographic regions covered by the CPI series are:· Greater Kingston Metropolitan Area (GKMA): Kingston, Urban St. Andrew, Portmore, Spanish

Town and Bull Bay; · Other Urban Centres: the parish capitals and 32 other urban centres (main towns) outside of

GKMA; and · Rural Areas: all the remaining areas not identified as being part of GKMA and Other Urban

Centres.

All commodities in the household expenditure survey are divided into twelve (12) major Expenditure Divisions that are based on the Classification of Individual Consumption According to Purpose (COICOP) - a system developed by the United Nations. The 12 broad Expenditure Divisions are:

· Food and Non-Alcoholic Beverages; · Alcoholic Beverages and Tobacco; · Clothing and Footwear; · Housing, Water, Electricity, Gas and Other Fuels; · Furnishings, Household Equipment and Routine Household Maintenance; · Health; · Transport; · Communication; · Recreation and Culture; · Education; - Restaurants and Hotels; and - Miscellaneous Goods and Services.

The Divisions comprise Groups of related items. These Groups are further broken down into Classes.

The CPI for each month is computed using a weighted Laspeyres Index methodology.

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Table 53 - Production of Selected Commodities

Compiled from monthly reports submitted by the Jamaica Bauxite Institute. The Bauxite Companies, the Collector General's Department, the Sugar Manufacturers' Association, the Banana Board, the Jamaica Public Service Company Limited and firms engaged in manufacturing. Bauxite includes bauxite converted into alumina in Jamaica. The figures used for bananas refer to exports only. Figures for the other commodities are based on information provided directly by the firms involved.

Tables 54a – 54e - Gross Domestic Product

Jamaica's Gross Domestic Product data are compiled and published by the Statistical Institute of Jamaica (STATIN) as part of Jamaica's System of National Accounts (JSNA). These revised sets of accounts are now consistent with the United Nations System of National Accounts 1993 (1993 SNA). The JSNA was previously based on the 1968 SNA. The revised Accounts reflect:

· The compilation of the national accounts in accordance with the 1993 SNA; · Incorporation of new and revised data into the estimates; · Revision of the classification of industries in the national accounts; and · The rebasing of constant price estimates from 1996 to 2003

Please visit http://www.statinja.com for additional information.

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OTHER

Tables 55a – 55b - Instalment Credit

Compiled from monthly reports submitted by FIA institutions and commercial banks engaged in hire purchase financing and other instalment lending. FIA institutions include Merchant banks and Finance Houses.

Table 56 - Housing Units Started and CompletedTable 57 - Number and Value of Mortgages by Major Institutions

Compliled from reports made by public and private sector institutions as recorded by the Planning Institute of Jamaica.

Table 58 – Selected Demographic Indicators

Compliled from reports published by the Statistical Institute of Jamaica.

july 2011 - december 2011 - bank of jamaicainternational investment position (iip) 99 balance of...

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