National Accounts

The System of National Accounts is a comprehensive, accounting framework within which economic data can be presented on the operation of the nation’s economy in much the same way as business accounts describe the operation of an enterprise. It is based on a set of internationally agreed concepts, definitions, classifications and accounting rules within which economic data can be presented.

The Jamaican System of National Accounts is based on the United Nations System of National Accounts 1993 (1993 SNA). The classification of industries used in the accounts is the Jamaica Industrial Classification (JIC 2005). This is a local adaptation of the United Nations International Standard Industrial Classification of all Economic Activities (ISIC Rev.3).