The economy of Jamaica expanded 6.7 percent over a year in the fourth quarter of 2021, accelerating from an upwardly revised 5.9 percent growth in the previous quarter. Output grew at at a faster pace mainly for agriculture, forestry and fishing (13.8 percent vs 7.3 percent in Q3), electricity and water supply (5.8 percent vs 0.6 percent), construction (5.9 percent vs 4.4 percent) and wholesale and retail trade (10.6 percent vs 4.4 percent). Meanwhile, output declined faster for mining and quarrying (-60.5 percent vs -29.1 percent). On a seasonally adjusted quarterly basis, the economy advanced by 1.4 percent, compared to an upwardly revised 0.8 percent rise in the previous quarter. source: Statistical Institute of Jamaica
GDP Annual Growth Rate in Jamaica averaged 0.33 percent from 1997 until 2021, reaching an all time high of 14.20 percent in the second quarter of 2021 and a record low of -18.40 percent in the second quarter of 2020. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Annual Growth Rate in Jamaica is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica GDP Annual Growth Rate is projected to trend around 3.50 percent in 2023 and 1.50 percent in 2024, according to our econometric models.