GDP in Jamaica
Jamaica - GDPDespite sputtering at the start of the year, economic growth looks set to have accelerated in Q2. According to the Statistical Institute, exports continued to grow at fast clip, suggesting that Jamaica is taking full advantage of the global cyclical upswing and improved trading dynamics. At the same time, imports have also risen strongly, pointing to solid domestic demand growth, a view that is supported by the steadily decreasing unemployment rate, which in April fell to a multi-year low. In addition, the continued attractiveness of Jamaica as a tourist destination should continue to provide a solid boost for growth.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||-0.6||0.5||0.7||1.0||1.4|
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