The Gross Domestic Product (GDP) in Jamaica contracted 0.10 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Jamaica averaged 0.17 percent from 1997 until 2019, reaching an all time high of 2.10 percent in the fourth quarter of 2003 and a record low of -1.80 percent in the third quarter of 2008.
GDP Growth Rate in Jamaica is expected to be -0.30 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 0.30 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.