GDP in Jamaica
Jamaica - GDPNational accounts data showed that economic growth fell to 0.6% year-on-year in the third quarter, after expanding 1.3% year-on-year in the second quarter. This came on the back of nosediving mining and quarrying activity—which contracted at the steepest rate in over nine years—and the sharpest decline in construction activity in nearly seven years. Meanwhile, growth in the hotels and restaurants sector slowed notably, which was likely linked to the fall in tourist arrivals in the quarter. Looking at data for the final quarter of last year, the economy likely continued to suffer as tourist arrivals declined sharply in October–November compared to the third quarter amid lingering crime-related issues.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||0.7||0.9||1.4||1.0||1.9|
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Jamaica GDP Chart
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