The Gross Domestic Product (GDP) in Jamaica expanded 1.60 percent in the second quarter of 2018 over the previous quarter. GDP Growth Rate in Jamaica averaged 0.16 percent from 1997 until 2018, reaching an all time high of 2.60 percent in the third quarter of 2010 and a record low of -2.50 percent in the first quarter of 2009.

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. Looking forward, we estimate GDP Growth Rate in Jamaica to stand at 1.60 in 12 months time. In the long-term, the Jamaica GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Jamaica GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-29 10:00 PM GDP Growth Rate QoQ 1.4% 1.0% 1.0%
2018-03-29 08:30 PM GDP Growth Rate QoQ -0.6% 1.5% -0.20%
2018-07-06 11:00 PM GDP Growth Rate QoQ -0.4% -0.8% 0.5%
2018-09-28 11:15 PM GDP Growth Rate QoQ 1.6% -0.4% -0.2%
2018-12-28 06:00 PM GDP Growth Rate QoQ 1.6% 1.8%
2019-03-29 08:30 PM GDP Growth Rate QoQ -0.60%
2019-07-05 11:00 PM GDP Growth Rate QoQ -0.20%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 -0.40 2.60 -2.50 percent [+]
GDP Annual Growth Rate 2.20 1.40 4.30 -4.60 percent [+]
GDP 14.77 14.06 14.80 0.70 USD Billion [+]
GDP per capita 4798.21 4790.04 5368.25 3466.48 USD [+]
GDP per capita PPP 8193.60 8179.60 8680.90 7285.70 USD [+]
GDP Constant Prices 194373.00 192117.00 194373.00 163584.00 USD Million [+]
GDP From Agriculture 15655.00 13928.00 15745.00 7631.00 USD Million [+]
GDP From Construction 12766.00 14568.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 15932.00 16471.00 23548.00 14664.00 USD Million [+]
GDP From Mining 5023.00 4856.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 24379.00 22801.00 25935.00 22427.00 USD Million [+]
GDP From Services 33174.00 33319.00 36733.00 30200.00 USD Million [+]
GDP From Transport 21872.00 20599.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6269.00 6018.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Growth Rate

Jamaica, is a small island nation situated in a strategic position near the Panama Canal, and one of the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. This page provides - Jamaica GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 -0.40 2.60 -2.50 1997 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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