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

Definitions

  • Aggregate indicators > GDP > Current US$: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
  • Aggregate indicators > Net current transfers from abroad > Current: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.
  • Aggregate indicators > Net income from abroad > Current US$: 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 U.S. dollars."
  • Expenditure on GDP > Changes in inventories > Current US$: Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" Data are in current U.S. dollars."
  • Expenditure on GDP > Final > Consumption expenditure > Current US$: 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 U.S. dollars.
  • Expenditure on GDP > Final > Consumption expenditure > Etc. > Current: 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). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.
  • Expenditure on GDP > Gross capital formation > Current US$: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars."
  • Expenditure on GDP > Gross fixed capital formation > Current US$: 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 U.S. dollars."
  • Expenditure on GDP > Gross national expenditure > Current US$: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars."
  • Expenditure on GDP > Household final > Consumption expenditure > Etc.: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars."
  • Expenditure on GDP > Imports > Goods and services > Current US$: 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 U.S. dollars."
  • Value added > Agriculture > Value added > Current US$: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars."
  • Value added > Industry > Value added > Current US$: 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 U.S. dollars."
  • Value added > Manufacturing > Value added > Current US$: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars."
  • Value added > Services > Etc. > Value added > Current US$: 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 U.S. dollars."
  • Expenditure on GDP > Household final > Consumption expenditure > Cur: 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 U.S. dollars."
STAT Jamaica United States HISTORY
Aggregate indicators > GDP > Current US$ $12.07 billion
Ranked 103th.
$14.12 trillion
Ranked 2nd. 1170 times more than Jamaica

Aggregate indicators > Net current transfers from abroad > Current $1.90 billion
Ranked 35th.
$-139,600,000,000.00
Ranked 124th.

Aggregate indicators > Net income from abroad > Current US$ $-642,100,000.00
Ranked 76th.
$-108,000,000,000.00
Ranked 138th. 168 times more than Jamaica

Expenditure on GDP > Changes in inventories > Current US$ $22.54 million
Ranked 45th.
$-126,200,000,000.00
Ranked 126th.

Expenditure on GDP > Final > Consumption expenditure > Current US$ $11.88 billion
Ranked 69th.
$12.43 trillion
Ranked 1st. 1046 times more than Jamaica

Expenditure on GDP > Final > Consumption expenditure > Etc. > Current $11.74 billion
Ranked 85th.
$12.51 trillion
Ranked 2nd. 1065 times more than Jamaica

Expenditure on GDP > Gross capital formation > Current US$ $2.57 billion
Ranked 92nd.
$2.00 trillion
Ranked 3rd. 777 times more than Jamaica

Expenditure on GDP > Gross fixed capital formation > Current US$ $2.55 billion
Ranked 92nd.
$2.13 trillion
Ranked 3rd. 833 times more than Jamaica

Expenditure on GDP > Gross national expenditure > Current US$ $14.32 billion
Ranked 90th.
$14.51 trillion
Ranked 2nd. 1013 times more than Jamaica

Expenditure on GDP > Household final > Consumption expenditure > Etc. $9.83 billion
Ranked 87th.
$10.08 trillion
Ranked 1st. 1025 times more than Jamaica

Expenditure on GDP > Imports > Goods and services > Current US$ $6.44 billion
Ranked 87th.
$1.96 trillion
Ranked 2nd. 305 times more than Jamaica

Value added > Agriculture > Value added > Current US$ $662.33 million
Ranked 92nd.
$165.00 billion
Ranked 4th. 249 times more than Jamaica

Value added > Industry > Value added > Current US$ $2.36 billion
Ranked 87th.
$2.85 trillion
Ranked 2nd. 1205 times more than Jamaica

Value added > Manufacturing > Value added > Current US$ $973.37 million
Ranked 89th.
$1.75 trillion
Ranked 2nd. 1799 times more than Jamaica

Value added > Services > Etc. > Value added > Current US$ $7.68 billion
Ranked 73th.
$10.36 trillion
Ranked 2nd. 1349 times more than Jamaica

Expenditure on GDP > Household final > Consumption expenditure > Cur $9.97 billion
Ranked 84th.
$10.00 trillion
Ranked 1st. 1003 times more than Jamaica

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

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