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Economy

In terms of economics, Jamaica stands for wealth following:

Agricultural products: sugar cane, maize, cassava, coffee, cocoa, citrus, banana and tobacco.


Minerals: the country is the fourth leading world producer of bauxite.


Industry: food, textiles, cement, agricultural machinery and the famous Jamaican rum.


Tourism: Jamaica attracts millions of tourists for its lush landscapes in flora and fauna, sunny beaches and aninfrastructure that offers good hotels, coastal resorts and efficient system of transport and communications.The discovery of bauxite deposits in the 1940s changed the economy of the territory, hitherto based only on the cultivation of sugar cane and banana. The country has many facilities for investors, including facilities to repatriate capital, the postponement of the payment of taxes for several years, and the exemption of taxes and duties for the import of capital goods for the approved projects. But despite these benefits, the garment industry has suffered a reduction in their export earnings and also with plant closures.