The economy of Jamaica expanded 1.3 percent year-on-year in the second quarter of 2019, following an upwardly revised 1.8 percent growth for the previous quarter. It was the weakest growth rate since the last quarter of 2017, as primary activity (-1.7 percent vs 0.3 percent in Q1); construction (-1.4 percent vs 3.4 percent); and utilities (-0.1 percent vs 1.9 percent) shrank. Also, output growth slowed in mining & quarrying (4.6 percent vs 11.1 percent); wholesale & retail trade (1 percent vs 1.3 percent); hotels & restaurants (5.8 percent vs 7.3 percent); transportation & communication (0.8 percent vs 1.2 percent) and other services (1.8 percent vs 2 percent). In contrast, manufacturing output expanded 3.3 percent, rebounding from a 1.3 percent contraction in the first quarter of the year. On a quarterly basis, the economy grew 0.1 percent, easing from a 0.3 percent expansion in the prior period. GDP Annual Growth Rate in Jamaica averaged 0.57 percent from 1997 until 2019, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

GDP Annual Growth Rate in Jamaica is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Jamaica to stand at 2.20 in 12 months time. In the long-term, the Jamaica GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Jamaica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-28 07:30 PM GDP Growth Rate YoY Q3 1.8% 2.2% 2.0%
2019-03-29 09:00 PM GDP Growth Rate YoY Q4 2% 1.9% 2.1%
2019-06-28 11:00 PM GDP Growth Rate YoY Q1 1.7% 2% 1.8%
2019-10-02 10:00 PM GDP Growth Rate YoY Q2 1.3% 1.8% 1.5%
2019-12-27 06:00 PM GDP Growth Rate YoY Q3 1.3% 1.9%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.30 2.10 -1.80 percent [+]
GDP Annual Growth Rate 1.30 1.80 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 196960.00 195670.00 197086.00 163584.00 USD Million [+]
GDP From Agriculture 15282.00 14014.00 15745.00 7631.00 USD Million [+]
GDP From Construction 12606.00 15084.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 16497.00 16273.00 23548.00 14664.00 USD Million [+]
GDP From Mining 5263.00 5392.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 24428.00 22823.00 25935.00 22427.00 USD Million [+]
GDP From Services 33539.00 33784.00 36733.00 30200.00 USD Million [+]
GDP From Transport 22006.00 20839.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6206.00 6049.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.80 4.30 -4.60 1997 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.00 Sep/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
South Korea 2.00 Jun/19
Spain 2.00 Jun/19
Netherlands 1.80 Jun/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
United Kingdom 1.30 Jun/19
Euro Area 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Saudi Arabia 0.50 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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