GDP in Jamaica
Jamaica - GDPGrowth in Jamaica is expected to have gained steam in 2016, supported by expanding private consumption and fixed investment. Recently published data showed that the economy accelerated in the third quarter of the year, growing 2.0% annually from Q2’s 1.4% and thus recording the seventh consecutive quarter of year-on-year expansion. Growth came mainly on the back of the impressive expansion experienced by the agricultural sector, which benefited from favorable weather conditions. Both the industry and the service sectors also grew, the latter partially thanks to a significant increase in tourist arrivals. The only bad news came from the construction industry, which contracted slightly.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||-0.6||0.5||0.7||0.8|
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