1. Comparative Analysis of Select
Economic Indicators
1989/90 – 2010/11

2. Historical US$/J$ Exchange Rate
1989 - 2007
DATE RATE
February 10, 1989 5.51
December 29, 1989 6.50
December 31, 1990 8.81 Compounded annual rate of
December 31, 1991 21.57
December 30, 1992 22.20 devaluation for the 18.55 years
December 31, 1993 32.70
December 30, 1994 33.37 between February 10, 1989
December 29, 1995 39.80
December 31, 1996 35.03 and August 31, 2007 was
December 31, 1997 36.59
December 31, 1998
December 30, 1999
37.16
41.42
14.67% per annum !
December 29, 2000 45.53
December 31, 2001 47.40
December 31, 2002 50.97
December 31, 2003 60.62
December 31, 2004 61.63
December 30, 2005 64.58
December 29, 2006 67.15
August 31, 2007 69.83
Source: Bank of Jamaica

3. Historical US$/J$ Exchange Rate
2007 - 2011
DATE RATE Compounded annual rate of
September 04, 2007 69.87
devaluation for the 4.24 years
December 31, 2007 70.62
December 31, 2008 80.47 between September 4, 2007
December 31, 2009 89.60 and December 2, 2011 was
December 31, 2010 85.86
December 02, 2011 86.71
5.2% per annum !
Source: Bank of Jamaica

4. Historical Annual Inflation Rate
1989 - 2007
YEAR INFLATION
1989 17.20% Average annual inflation rate between 1989
1990 29.80%
and 2007 was 19.68% per annum !
1991 80.20%
1992 40.20%
1993 30.10%
1994 26.80% Annual Infla on
1995 25.60%
1989 - 2007
1996 15.80%
1997 9.20% 90.00%
1998 7.90% 80.00%
70.00%
Annual Infla on
1999 6.80%
60.00%
2000 6.10% 50.00%
2001 8.50% 40.00%
2002 7.20% 30.00%
2003 13.80% 20.00%
10.00%
2004 13.70%
0.00%
2005 12.60%
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2006 5.70%
2007 16.80%
Annual Inflation in 1986,87 and 88 was 10.4%, 8.4% and 8.5%
Source: STATIN, Bank of Jamaica and respectively.
The Economic and Social Survey of Jamaica 1992 Source: The Economic and Social Survey of Jamaica 1992

5. Historical Annual Inflation Rate
2008 - 2011
YEAR INFLATION
2008 16.8 Average annual inflation rate between 2008
2009 10.2
2010 11.7
and 2011 was 11.68% per annum
2011* 8.0
Source: STATIN Annual Inflation Rate
2008 - 2011
18.00%
16.00%
14.00%
12.00%
Axis Title
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
2008 2009 2010 2011*
* Data for 2011 represents point-to-point inflation to Sep 30

6. Average Annual Treasury Bill Rates
1990 - 2007
YEAR AVG RATE
Average Treasury Bill Rate was 22.7%
1990 26.76%
1991 25.40% between 1990 and 2007!
1992 37.08%
1993 48.90%
1994 33.97% Average Annual Treasury Bill Rates
1995 25.43% 1990 - 2007
1996 31.08% 60.00%
1997 18.80%
1998 22.68% 50.00%
1999 18.76% Average Annual T'Bill Rate
40.00%
2000 16.72%
2001 15.42% 30.00%
2002 14.41%
2003 22.54% 20.00%
2004 14.20%
10.00%
2005 12.60%
2006 12.02% 0.00%
2007 11.86%
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Source: Bank of Jamaica (1993 – 2007)
Economic and Social Survey of Jamaica (1990 - 1992)

7. Average Annual Treasury Bill Rates
2008 - 2011
Average Treasury Bill Rate was 12.03%
between 2008 and 2011 and the lowest in 30
YEAR AVG RATE years!
2008 14.69%
2009 18.12%
Average Annual Treasury Bill Rates
2010 8.84%
2008 - 2011
2011 6.47%
20.00%
15.00%
Source: Bank of Jamaica
10.00%
5.00%
0.00%
2008 2009 2010 2011
Series1

8. GOJ Domestic Debt
1990/91 – 2010/11
Fiscal Year Domestic Debt
J$ Millions During the period 1990/91 – 2010/11, GOJ
1990/91 11,869 domestic debt increased by 4,200% in
1991/92 12,078
1992/93 20,462
aggregate or at a compounded annual rate of
1993/94 31,699 26.6% per annum
1994/95 50,138
1995/96 57,675
GOJ Domestic Debt
1996/97 85,181
1997/98 101,540 1990/91 - 2006/07
1998/99 139,204 600,000
500,000
1999/00 175,323
J$ Millions
400,000
2000/01 215,084
300,000
2001/02 300,202
200,000
2002/03 366,158 100,000
2003/04 417,531 -
2004/05 449,248
1990/91
1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
1998/99
1999/00
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2005/06 482,713
2006/07 513,931
Source: Debt Management Unit, Ministry of Finance

9. GOJ Domestic Debt
2007/08 – 2010/11
Fiscal Year Domestic Debt
J$ Millions During the period 2007/08 – 2010/11, GOJ
2007/08 562,108 domestic debt increased by 43% or at a
2008/09 651,657
2009/10 758,700
compounded annual rate of 12.9% per annum
2010/11 809,370
Source: Debt Management Unit, GOJ Domestc Debt
Ministry of Finance 2007/08 - 2010/11
1,200,000
900,000
J$ Millions
600,000
300,000
-
2007/08 2008/09 2009/10 2010/11

10. GOJ External Debt
1990/91 – 2006/07
Fiscal Year External Debt
J$ Million Equivalent During the period 1990/91 – 2010/11, GOJ
1990/91 33,903
external debt (measured in J$) increased by
1991/92 103,757
1992/93 79,875 1,100% in aggregate or at a compounded
1993/94 120,577 annual rate of 16.8% per annum
1994/95 120,632
1995/96 136,168
GOJ External Debt (J$ Equivalent)
1996/97 113,121 1990/91 - 2006/07
1997/98 117,643 450,000
400,000
1998/99 123,099 350,000
1999/00 133,365 300,000
J$ Millions
2000/01 165,557 250,000
200,000
2001/02 196,881 150,000
2002/03 235,083 100,000
50,000
2003/04 276,316 -
2004/05 310,450
2005/06 364,639
2006/07 409,193
Source: Debt Management Unit, Ministry of Finance

11. GOJ External Debt
2007/08 – 2010/11
Fiscal Year External Debt During the period 2007/08 – 2010/11, GOJ
J$ Million Equivalent
2007/08 438,567
external debt (measured in J$) increased by
2008/09 548,665 73% in aggregate or at a compounded annual
2009/10 676,055 rate of 20% per annum
2010/11 760,990
Source: Debt Management Unit,
Ministry of Finance
GOJ External Debt (J$ Equivalent)
2007/08 – 2010/11
800,000
600,000
J$ Millions
400,000
200,000
-
2007/08 2008/09 2009/10 2010/11

12. GOJ Total Debt
1990/91 – 2006/07
Fiscal Year Total Debt
J$ Million During the period 1990/91 – 2006/07, GOJ
1990/91 45,772 Total Debt increased by 1,900% in aggregate
1991/92 115,835 or at a compounded annual rate of 20.7% per
1992/93 100,337 annum
1993/94 152,276
1994/95 170,770
1995/96 193,843 GOJ Total Debt
1996/97 198,302 1990/91 - 2006/07
1997/98 219,183 1,000,000
1998/99 262,303 900,000
800,000
1999/00 308,688 700,000
J$ Millions
600,000
2000/01 380,641 500,000
2001/02 497,083 400,000
300,000
2002/03 601,241 200,000
100,000
2003/04 693,847 -
2004/05 759,697
1990/91
1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
1998/99
1999/00
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2005/06 847,351
2006/07 923,124
Source: Debt Management Unit, Ministry of Finance

13. GOJ Total Debt
2007/08 – 2010/11
Fiscal Year Total Debt During the period 2007/08 – 2010/11, GOJ
J$ Millions
2007/08 1,000,676
total debt (measured in J$) increased by 57%
2008/09 1,200,322 in aggregate or at a compounded annual rate
2009/10 1,434,756 of 16.2% per annum
2010/11 1,570,360
Source: Debt GOJ Total Debt
Management 2007/08 - 2010/11
Unit, Ministry of Finance
1,500,000
Axis Title
1,000,000
500,000
-
2007/08 2008/09 2009/10 2010/11

14. Debt/GDP
1990/91 – 2006/07
Fiscal Year Debt/GDP
Debt/GDP Ratio
1990/91 120.63% 1990/91 - 2010/11
1991/92 193.53%
200.00%
1992/93 105.64%
Debt/GDP Ratio
1993/94 116.52% 150.00%
1994/95 99.45%
100.00%
1995/96 91.10%
1996/97 71.35% 50.00%
1997/98 72.33%
1998/99 80.84% 0.00%
1990/91
1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
1998/99
1999/00
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2007/08
2008/09
2009/10
2010/11
1999/00 86.56%
2000/01 97.05%
2001/02 115.66%
2002/03 124.69%
2003/04 122.02%
2004/05 119.42%
2005/06 118.73%
2006/07 113.23%
2007/08 108.45%
2008/09 115.69%
2009/10 129.35%
2010/11 128.30%
Source: Debt Management Unit, Ministry of Finance

15. Between 1991 and 2007, average GDP growth in Jamaica was 0.82% per annum