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Economy > National accounts > Local currency at current prices Stats: compare key data on Jamaica & United States

Definitions

  • Aggregate indicators > GDP > Current LCU: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Aggregate indicators > Gross domestic savings > Current: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.
  • Aggregate indicators > Gross savings > Current LCU: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current local currency."
  • Aggregate indicators > Gross value added at factor cost: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency."
  • Aggregate indicators > Net current transfers from abroa: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.
  • Aggregate indicators > Net taxes on products > Current : Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency."
  • Expenditure on GDP > Changes in inventories > Current L: Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" Data are in current local currency."
  • Expenditure on GDP > Exports > Goods and services > Cu: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency."
  • Expenditure on GDP > External balance on goods and serv: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.
  • Expenditure on GDP > Final > Consumption expenditure > Cu: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current local currency.
  • Expenditure on GDP > Final > Consumption expenditure > Etc: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current local currency.
  • Expenditure on GDP > General government final consumpti: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency."
  • Expenditure on GDP > Gross capital formation > Current : Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency."
  • Expenditure on GDP > Imports > Goods and services > Cu: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency."
  • Value added > Agriculture > Value added > Current LCU: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Expenditure on GDP > Gross national expenditure > Curre: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency."
  • Aggregate indicators > Net income from abroad > Current: Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency."
  • Expenditure on GDP > Discrepancy in expenditure estimat: Discrepancy in expenditure estimate of GDP is the discrepancy included in final consumption expenditure, etc. (total consumption, etc.). This discrepancy is included to ensure that GDP from the expenditure side equals GDP measured by the income or output approach. Data are in current local currency."
  • Expenditure on GDP > Gross fixed capital formation > Cu: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency."
  • Expenditure on GDP > Household final > Consumption expend: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency."
  • Value added > Manufacturing > Value added > Current LCU: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Value added > Services > Etc. > Value added > Current LCU: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Value added > Industry > Value added > Current LCU: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Aggregate indicators > GNI > Current LCU: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.
STAT Jamaica United States HISTORY
Aggregate indicators > GDP > Current LCU 1.07 trillion
Ranked 74th.
14.12 trillion
Ranked 25th. 13 times more than Jamaica

Aggregate indicators > Gross domestic savings > Current 29.07 billion
Ranked 84th.
1.61 trillion
Ranked 28th. 55 times more than Jamaica

Aggregate indicators > Gross savings > Current LCU 137.16 billion
Ranked 57th.
1.38 trillion
Ranked 25th. 10 times more than Jamaica

Aggregate indicators > Gross value added at factor cost 950.19 billion
Ranked 51st.
13.38 trillion
Ranked 22nd. 14 times more than Jamaica

Aggregate indicators > Net current transfers from abroa 168.65 billion
Ranked 30th.
-139,600,000,000
Ranked 123th.

Aggregate indicators > Net taxes on products > Current 111.97 billion
Ranked 53th.
993.8 billion
Ranked 23th. 9 times more than Jamaica

Expenditure on GDP > Changes in inventories > Current L 2 billion
Ranked 31st.
-126,200,000,000
Ranked 119th.

Expenditure on GDP > Exports > Goods and services > Cu 371.74 billion
Ranked 61st.
1.58 trillion
Ranked 34th. 4 times more than Jamaica

Expenditure on GDP > External balance on goods and serv -199,356,500,000
Ranked 111th.
-386,300,000,000
Ranked 116th. 94% more than Jamaica

Expenditure on GDP > Final > Consumption expenditure > Cu 1.05 trillion
Ranked 50th.
12.43 trillion
Ranked 15th. 12 times more than Jamaica

Expenditure on GDP > Final > Consumption expenditure > Etc 1.04 trillion
Ranked 58th.
12.51 trillion
Ranked 19th. 12 times more than Jamaica

Expenditure on GDP > General government final consumpti 170.01 billion
Ranked 59th.
2.43 trillion
Ranked 17th. 14 times more than Jamaica

Expenditure on GDP > Gross capital formation > Current 228.42 billion
Ranked 61st.
2 trillion
Ranked 26th. 9 times more than Jamaica

Expenditure on GDP > Imports > Goods and services > Cu 571.09 billion
Ranked 55th.
1.96 trillion
Ranked 35th. 3 times more than Jamaica

Value added > Agriculture > Value added > Current LCU 58.77 billion
Ranked 57th.
165 billion
Ranked 46th. 3 times more than Jamaica

Expenditure on GDP > Gross national expenditure > Curre 1.27 trillion
Ranked 61st.
14.51 trillion
Ranked 21st. 11 times more than Jamaica

Aggregate indicators > Net income from abroad > Current -56,973,533,000
Ranked 104th.
-108,000,000,000
Ranked 109th. 90% more than Jamaica

Expenditure on GDP > Discrepancy in expenditure estimat -12,448,300,000
Ranked 103th.
75 billion
Ranked 10th.

Expenditure on GDP > Gross fixed capital formation > Cu 226.42 billion
Ranked 59th.
2.13 trillion
Ranked 26th. 9 times more than Jamaica

Expenditure on GDP > Household final > Consumption expend 884.37 billion
Ranked 53th.
10 trillion
Ranked 17th. 11 times more than Jamaica

Value added > Manufacturing > Value added > Current LCU 86.37 billion
Ranked 59th.
1.75 trillion
Ranked 25th. 20 times more than Jamaica

Value added > Services > Etc. > Value added > Current LCU 681.69 billion
Ranked 51st.
10.36 trillion
Ranked 18th. 15 times more than Jamaica

Value added > Industry > Value added > Current LCU 209.74 billion
Ranked 56th.
2.85 trillion
Ranked 27th. 14 times more than Jamaica

Aggregate indicators > GNI > Current LCU 1.01 trillion
Ranked 72nd.
14.01 trillion
Ranked 24th. 14 times more than Jamaica

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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