The economy of Jamaica expanded by 3.8 percent year-on-year in the fourth quarter of 2022, slowing from the 5.9 percent growth in the previous quarter. It was the seventh consecutive period of yearly growth, with support from both the goods and the services-producing industries as the economy continued to recover from the impact of the pandemic. Output growth slowed for agriculture, forestry, and fishing (17 percent vs 6.3 percent in Q3), manufacturing (5.4 percent vs 9.4 percent) and hotels and restaurants (21.6 percent vs 35.3 percent), largely due to short-stay accommodation and restaurants, bars, and canteens. On a seasonally adjusted quarterly basis, the Jamaican economy grew by 0.3 percent, compared to the 2 percent increase in the previous period. source: Statistical Institute of Jamaica
GDP Annual Growth Rate in Jamaica averaged 0.52 percent from 1997 until 2022, reaching an all time high of 14.20 percent in the second quarter of 2021 and a record low of -18.40 percent in the second quarter of 2020. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
GDP Annual Growth Rate in Jamaica is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.