GDP in Jamaica
Jamaica - GDPThe economy slowed down in the final quarter of last year, according to detailed data published by the Statistical Institute on 31 March. GDP growth fell to 1.1% in Q4, down from 2.0% in Q3 and in stark contrast to initial estimates, which had penciled in a fourth consecutive acceleration. The disappointing result also pushed full year GDP to 1.4%, below market expectations of a stronger acceleration. Nevertheless, the result showed that the Jamaican economy is still firmly in recovery mode, thanks to an improving business climate and continued international support. The positive momentum should also help support the government’s ambitious fiscal strategy: the budget for FY 2017/18 was approved by parliament and aims to generate a primary surplus of 7% with the aim of reducing the country’s public debt to 60% of GDP within 10 years.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||-0.6||0.5||0.7||1.0|
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