The economy of Jamaica expanded 1.7 percent year-on-year in the first quarter of 2019, following a 2 percent growth for the previous quarter. Slower expansion was mainly explained by primary activity (+0.3 percent vs +3.1 percent in Q4 2018), mining (+11.1 vs +25.0 percent) manufacturing (-1.4 percent vs +2.0 percent), and construction (+3.4 percent vs +3.7 percent). In contrast, utilities rebounded 1.9 percent after shrinking 0.3 percent in the previous three months. On a quarterly basis, the economy shrank 0.4 percent following a 0.8 percent contraction. GDP Growth Rate in Jamaica averaged 0.15 percent from 1997 until 2019, reaching an all time high of 2.60 percent in the third quarter of 2010 and a record low of -2.50 percent in the first quarter of 2009.

GDP Growth Rate in Jamaica is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Jamaica to stand at 0.20 in 12 months time. In the long-term, the Jamaica GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Jamaica GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 11:15 PM GDP Growth Rate QoQ 1.6% -0.4% -0.2%
2018-12-28 07:30 PM GDP Growth Rate QoQ 1.1% 1.6% 1.8%
2019-03-29 09:00 PM GDP Growth Rate QoQ -0.8% 1.3% -0.6%
2019-06-28 11:00 PM GDP Growth Rate QoQ -0.4% -0.8% -0.2%
2019-09-27 11:15 PM GDP Growth Rate QoQ -0.4% 1.3%
2019-12-27 06:00 PM GDP Growth Rate QoQ 1.6%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 -0.80 2.60 -2.50 percent [+]
GDP Annual Growth Rate 1.70 2.00 4.30 -4.60 percent [+]
GDP 15.72 14.78 15.72 0.70 USD Billion [+]
GDP per capita 4841.65 4776.20 5370.56 3473.10 USD [+]
GDP per capita PPP 8265.60 8153.90 8706.30 7301.10 USD [+]
GDP Constant Prices 195460.00 196812.00 196812.00 163584.00 USD Million [+]
GDP From Agriculture 13972.00 13258.00 15745.00 7631.00 USD Million [+]
GDP From Construction 15056.00 15164.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 16246.00 16741.00 23548.00 14664.00 USD Million [+]
GDP From Mining 5395.00 5411.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 22843.00 23712.00 25935.00 22427.00 USD Million [+]
GDP From Services 33736.00 34694.00 36733.00 30200.00 USD Million [+]
GDP From Transport 20842.00 21344.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6133.00 6002.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Growth Rate

Jamaica, is a small island nation situated in a strategic position near the Panama Canal, and one of the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. This page provides - Jamaica GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.80 2.60 -2.50 1997 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


Related

Latest