On a seasonally adjusted quarterly basis, the Jamaican economy contracted by 1.2 percent, following a 1.4 percent rise in the previous quarter, the first downturn since the pandemic-induced contraction in the second quarter of 2020. source: Statistical Institute of Jamaica

GDP Growth Rate in Jamaica averaged 0.10 percent from 1997 until 2022, reaching an all time high of 8.50 percent in the third quarter of 2020 and a record low of -15.60 percent in the second quarter of 2020. This page provides - Jamaica GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Growth Rate in Jamaica is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica GDP Growth Rate is projected to trend around 0.20 percent in 2023 and 0.30 percent in 2024, according to our econometric models.

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Jamaica GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 09:00 PM Q4 1.4% 0.8% 0.4%
2022-07-01 03:00 PM Q1 -1.2% 1.4% 0.6%
2022-09-30 04:00 PM Q2 -1.2% -0.4%

Related Last Previous Unit Reference
GDP Growth Rate -1.20 1.40 percent Mar 2022
GDP Annual Growth Rate 6.40 6.70 percent Mar 2022
GDP from Utilities 5825.00 5873.00 USD Million Mar 2022
GDP from Transport 20405.00 21067.00 USD Million Mar 2022
GDP from Services 34461.00 35387.00 USD Million Mar 2022
GDP from Public Administration 22955.00 23783.00 USD Million Mar 2022
GDP from Mining 1493.00 1362.00 USD Million Mar 2022
GDP from Manufacturing 17144.00 16360.00 USD Million Mar 2022
GDP from Construction 16701.00 16768.00 USD Million Mar 2022
GDP from Agriculture 16013.00 14568.00 USD Million Mar 2022
GDP Constant Prices 189919.00 192709.00 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 1.40 8.50 -15.60 1997 - 2022 percent Quarterly