PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

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The amount of water produced by the National Water Commission during January – September 2010 was 212,002.9 megalitres compared with 225 102.0 megalitres in the corresponding period of 2009. The fall-off in production during the review period stemmed from lower production of 7.3 per cent and 3.5 per cent in the Eastern and Western regions to 126,006.5 megalitres and 85 996.4 megalitres, respectively. The performance in the review period was due mainly to the contraction in output in the January-June period, influenced mainly by the drought conditions experienced from the latter part of 2009 into the first quarter of 2010. Despite damage to NWC’s infrastructure works by Tropical Depression # 16/Tropical Storm Nicole, there was higher water production in July-September 2010 compared with the corresponding quarter of 2009 when output was constrained by the ensuing drought conditions. The increased output in July-September 2010, however, was not enough to outweigh the earlier declines, thereby translating into reduced out-turn for January-September 2010. Transport, Storage & Communication Real value added for the Transport, Storage & Communication industry declined by an estimated 2.1 per cent in the first nine-month period of 2010. This was due mainly to reduction in the Transport & Storage segment of the industry as the Communication component recorded moderate growth. The decline in the Transport & Storage segment reflected, in the main, reduced activities at the island’s airports in the April-June and July-September 2010 quarters, which outweighed improvements in January–March 2010. During the January-September period, total passenger movements at the airports fell by 1.8 per cent to 3,730,256, reflecting reductions in all categories of passengers: • Arrivals – 1.6 per cent to 1,780,599 passengers • Departures – 1.5 per cent to 1,875,023 passengers • Intransit – 12.2 per cent to 74,634 passengers. The negative out-turn occurred despite the introduction of new flights during the review period, as there were other challenges. Among these were: • the negative impact of the global economic crisis on air travel • cut in some Air Jamaica routes prior to its sale to Caribbean Airlines • cancellations associated with the Icelandic Volcanic Ash, the unrest in West Kingston and the strike by Spirit Airlines pilots. The downturn in airport activities was enough to outweigh improvements at the seaports. For the review period, the total volume of cargo handled at the island’s ports rose by 5.4 per cent to 11, 338,408 tonnes, due to a 9.8 per cent increase in the volume handled at the Outports. The higher cargo volumes handled at the Outports was triggered mainly by increased activities in the bauxite/alumina sub-industry, brought about mainly by increased bauxite exports at Port Rhoades. Increased activities at the Outports was also positively impacted by the reopening of the WINDALCo plant in Ewarton in June 2010 which resulted in higher exports of alumina from Port Esquivel during July-September 2010. 67
The number of ship calls to the island’s port also grew to 2,674 compared with 2,548 during January-September 2009. This increase was in tandem with the improved activity at the ports and to some extent reflected the number of ships from smaller islands which docked at the port to collect containers brought by larger ships. Tourism For January to September 2010, real valued added for the Hotels & Restaurants industry grew by 2.7 per cent. The higher value added was due to increased stopover visitor arrivals. Total visitor arrivals increased by 0.9 per cent to 2,138,197 compared with the corresponding period of 2009. This was due to a 4.0 per cent increase in stopover arrivals which was influenced by increased arrivals from the USA and Canada markets. Visitor arrivals from the USA grew by 5.8 per cent to 970,701. The Canadian market registered a total of 237,130 stopover arrivals compared with 220,635 in 2009. At the end of September 2010, 467,141 passengers visited the port of Ocho Rios, 2.7 per cent fewer than the corresponding period of 2009. Similarly, there was a 10.5 per cent decrease in cruise passenger arrivals visiting the port of Montego Bay. Provisional visitor expenditure for January–July was estimated at US$1 258.9 million, representing a 1.6 per cent increase compared with January–July 2009. Stopover expenditure amounted to US$1 213.7 million compared with US$1 186.9 million during 2009. Cruise ship passenger arrivals amounted to US$45.2 million compared with US$52.2 million in the corresponding period of 2009. Table 5.10. Visitor Arrivals, 2009 - 2010 Total Stopover Visitors Cruise Passengers Total Visitor Arrivals Period 2010/2009 2010/2009 2010/2009 2009 2010 2009 2010 2009 2010 % change % change % change Jan-Mar 485,097 529,934 9.2 310,720 277,297 -10.8 795,817 807,231 1.4 Apr-Jun 486,094 480,935 -1.1 240,204 206,937 -13.8 726,298 687,872 -5.3 Jan-June 971,191 1,010,869 4.1 550,924 484,234 -12.1 1,522,115 1,495,103 -1.8 Jul-Sept 443,776 460,944 3.9 152,662 182,150 19.3 596,438 643,094 7.8 Jan-Sept 1,414,967 1,471,813 4.0 703,586 666,384 -5.3 2,118,553 2,138,197 0.9 Oct-Dec p 418,778 444,488 6.1 218,763 243,235 11.2 637,541 687,723 7.9 Jul-Dec p 862,554 905,432 5.0 400,913 425,385 6.1 1,263,467 1,330,817 5.3 Jan-Dec p 1,833,745 1,916,301 4.5 885,147 909,619 2.8 2,718,892 2,825,920 3.9 p-preliminary Source: Compiled from data supplied by: Jamaica Tourist Board. Finance & Insurance Services For January to September 2010, real value added for the Finance & Insurance Services industry fell by 4.3 per cent. This performance was due mainly to: 68
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i A GROWTH-INDUCEMENT STRATEGY FOR
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To the many ordinary Jamaicans who
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Preface The Jamaican economy has ex
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for making a determined start on th
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the private sector groups, listed b
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Citibank N.A. Jamaica Branch Grace
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need for “additional fiscal space
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Chapter 2 ________________ Summary
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1.0 The Economic Situation Today 1.
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expected to provide an essential an
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Table 2.1. The Policy Framework: A
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programme of social inclusion that
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Strategic Focus Table 2.2. Growth S
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Page 29 and 30: decline of 2.0 - 2.2 percentage poi
Page 31 and 32: Table 2A.2. NWA Projects To be Fast
Page 33 and 34: Table 2A.5. Community Renewal Proje
Page 35 and 36: Table 2B.3. Impact of Repairing Far
Page 37 and 38: Appendix 2C Methodology of the Grow
Page 39 and 40: Part I _________ Overview 28
Page 41 and 42: 2.0 Vision 2030 Jamaica Before delv
Page 43 and 44: 3.0 May 2010 Security Event and Aft
Page 45 and 46: the longer than anticipated global
Page 47 and 48: April July October January April Ju
Page 49 and 50: Three industries recorded increases
Page 51 and 52: 9.0 Proposals for Growth-Stimulus I
Page 53 and 54: targeted economic and social infras
Page 55 and 56: partnering with government to disco
Page 57 and 58: 3.0 Growth Inducement Strategy The
Page 59 and 60: Growth-Inducement Strategy Alignmen
Page 61 and 62: 50 Part II _________ Situational An
Page 63 and 64: inadequate provision of public infr
Page 65 and 66: 2.0 Macroeconomic Assessment 2.1 In
Page 67 and 68: Increased global oil consumption wa
Page 69 and 70: $4,742.0 million and $688.4 million
Page 71 and 72: Non -Traditional Domestic Exports E
Page 73 and 74: negative impact of the Jamaica Debt
Page 75 and 76: ethanol and paint, whereas lower de
Page 77: Analysis of preliminary GCT data re
Page 81 and 82: industry was, however, estimated to
Page 83 and 84: 4.0 Projected Performance 4.1 Calen
Page 85 and 86: increased marketing and extension s
Page 87 and 88: Electricity & Water For FY 2010/11,
Page 89 and 90: J$ Million Figure 5.1. Private Sect
Page 91 and 92: 2011/12). These extreme weather eve
Page 93 and 94: Chapter 6 ________________ Assessme
Page 95 and 96: creates allocative inefficiencies,
Page 97 and 98: Million $ Per cent Jun-10 Mar-10 De
Page 99 and 100: Table 6.1. Employed Labour Force by
Page 101 and 102: J$ million Mar-10 Dec-09 Sep-09 Jun
Page 103 and 104: FIGURE 7: GROSS NATIONAL SAVINGS RA
Page 105 and 106: 4.10.2. However, the extent of the
Page 107 and 108: Part III ____________ Analytical Fr
Page 109 and 110: functional relationship between the
Page 111 and 112: It follows that: (5) s = I/Y = [S -
Page 113 and 114: However, the existence of measureme
Page 115 and 116: (d) v* = Y*/K* This is a measure of
Page 117 and 118: in Chapter 8. The mutual interactio
Page 119 and 120: Transforming the complex set of str
Page 121 and 122: Appendix 7A A Methodological Note T
Page 123 and 124: Chapter 8 ____________________ Asse
Page 125 and 126: The DBI focuses more narrowly on qu
Page 127 and 128: to ask, is it possible to predict g
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can be made to serve a very useful
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For further elaboration of the cons
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progressive Jamaica-based firms and
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Table 8.2. Jamaica: Doing Business,
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Table 8.4. Global Competitiveness I
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Table 8.5 (continued) Rank Indicato
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Rank* Constraint Table 8.7 Business
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Chapter 9 ___________________ Inter
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3.0 The Burdens of LAC’s Logistic
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conditions. These combined with a p
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Figure 9.4. Proportion of Primary A
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6.0 Logistics are Essential for Tou
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7.0 Fundamental Steps Forward for J
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Part IV ________________ Policies a
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Current Status: Cabinet by decision
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e more than compensated for by the
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B ____________________ Eliminating
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Commercial Bank loan rates have als
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5.0 Expected Outcomes These measure
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capital, mainly in the form of equi
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oth local and overseas (including t
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Table C.1. Proposed Implementation
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Locally, the Scientific Research Co
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Develop formal and informal links t
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D ____________________ Business Pro
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5.0 Recommendations Based on the ma
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2.5 Coexistent with the levels of u
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industry as well as provide funding
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Table E.2. Unemployed Labour Force
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indirect losses experienced when th
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Table F.1 (continued) Area Type of
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G ____________________ Community Re
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Figure G.1 Community Renewal Progra
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Table G.1 Priority Initiatives Obje
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Table G.2 Phased Implementation Pla
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H ____________________ Proposed Wes
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3.0 Transparency Guarantees By desi
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and Coordinating Unit (PCMU) was es
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therefore need to have sanctioned o
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Figure I.1. Functions of National P
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The rationalisation was guided by t
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deliver services in an efficient an
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efurbishing to allow for accommodat
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Part V _______________ Panelists’
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With the benefit of hindsight, some
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ight. Where we as a society fail is
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and exclusion of the majority of th
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the elders, youth, children. What f
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C __________________ Enhancing Nati
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Figure C.1. National resilience is
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PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

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