Jamaica experienced no economic growth in exports per capita from the Napoleonic Wars to the end of the Second World Wars. Since there is a high correlation between exports per capita and GDP per capita, at least after 1850, Bulmer-Thomas argues that there are solid grounds for concluding that the Jamaican economy on a per capita basis experienced no growth at all for more than a century after the end of slavery.
The news is not good:
Data compiled by Bulmer-Thomas shows that Jamaica’s GDP per capita is actually around the same level it was at independence.
And:
The country ranks #2 on the Human Flight and Brain Drain Index.
Here is more from Rasheed Griffith, mostly on the economic history and economic problems of Jamaica.
The post Jamaica fact of the day appeared first on Marginal REVOLUTION.
