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.

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Jamaica GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.10 2.10 -1.80 1997 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 09:00 PM Q4 -0.8% 1.3% -0.6%
2019-06-28 11:00 PM Q1 -0.4% -0.8% -0.2%
2019-10-02 10:00 PM Q2 0.1% 0.3% 0.1%
2019-12-31 09:00 PM Q3 -0.1% 0.3% 0.3%
2020-03-30 09:00 PM Q4 -0.3%


News Stream
2019-06-28
Jamaica GDP Growth Loses Steam
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.


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.

Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 0.10 2.10 -1.80 percent [+]
GDP Annual Growth Rate 0.60 1.30 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 191378.00 196960.00 197086.00 163584.00 USD Million [+]
GDP From Agriculture 12448.00 15282.00 15745.00 7631.00 USD Million [+]
GDP From Construction 13495.00 12606.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 17709.00 16497.00 23548.00 14664.00 USD Million [+]
GDP From Mining 4787.00 5263.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 25660.00 24428.00 25935.00 22427.00 USD Million [+]
GDP From Services 32015.00 33539.00 36733.00 30200.00 USD Million [+]
GDP From Transport 21371.00 22006.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6233.00 6206.00 6618.00 4158.00 USD Million [+]