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Jamaica Flag

Jamaica Flag
Flag of Jamaica
Jamaica flags for displaying indoors or out.
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Jamaica

Jamaica Background

Jamaica gained full independence within the British Commonwealth in 1962. Deteriorating economic conditions during the 1970s led to recurrent violence and a dropoff in tourism. Elections in 1980 saw the democratic socialists voted out of office. Subsequent governments have been open market oriented. Political violence marred elections during the 1990s.

Jamaica Economy

The economy, which depends heavily on tourism and bauxite, has been stagnant since 1995. After five years of recession, the economy inched ahead, by 0.8% in 2000, 1.7% in 2001, and 0.8% in 2002; the global economic slowdown, particularly in the United States after the 11 September 2001 terrorist attacks, has stunted the economic recovery. Serious problems include: high interest rates; increased foreign competition; a pressured, sometimes sliding, exchange rate; a widening merchandise trade deficit; and a growing internal debt, the result of government bailouts to various ailing sectors of the economy, particularly the financial sector. Depressed economic conditions have led to increased civil unrest, including serious violent crime. Jamaica's medium-term prospects will depend upon encouraging investment and tourism, maintaining a competitive exchange rate, selling off reacquired firms, and implementing proper fiscal and monetary policies.

Jamaica Location

Caribbean, island in the Caribbean Sea, south of Cuba

Jamaica Flag

diagonal yellow cross divides the flag into four triangles - green (top and bottom) and black (hoist side and outer side)


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