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.