Jamaica GDP Falls For Second Straight Quarter

2026-06-30 21:21 By Isabela Couto 1 min. read

Jamaica’s economy contracted 4.1% year-on-year in the first quarter of 2026, following a sharper 7.1% decline in the previous quarter, pointing to a slower pace of economic contraction.

Nearly all sectors recorded declines, with only financial and insurance activities (2.9%) and manufacturing (0.6%) posting growth.

The steepest drop came from mining and quarrying, which fell 23.5%, followed by agriculture, forestry and fishing (-18.3%), accommodation and food services (-16.6%), and utilities (-10.2%).

On a quarter-on-quarter basis, the economy rebounded 3.3%, recovering part of the 7.3% contraction recorded in the previous quarter.



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Jamaica GDP Falls For Second Straight Quarter
Jamaica’s economy contracted 4.1% year-on-year in the first quarter of 2026, following a sharper 7.1% decline in the previous quarter, pointing to a slower pace of economic contraction. Nearly all sectors recorded declines, with only financial and insurance activities (2.9%) and manufacturing (0.6%) posting growth. The steepest drop came from mining and quarrying, which fell 23.5%, followed by agriculture, forestry and fishing (-18.3%), accommodation and food services (-16.6%), and utilities (-10.2%). On a quarter-on-quarter basis, the economy rebounded 3.3%, recovering part of the 7.3% contraction recorded in the previous quarter.
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