Jamaica’s economy expanded 5.1% year-on-year in the third quarter of 2025, accelerating from a 1.7% increase in the previous quarter. Growth was led by agriculture, forestry, and fishing (20.9%), followed by other manufacturing (12.0%), transport and storage (7.1%), and accommodation and food services (6.8%). Public administration and defence was the only sector to contract, down 0.7%. On a quarter-on-quarter basis, GDP increased 1.1%. source: Statistical Institute of Jamaica

The Gross Domestic Product (GDP) in Jamaica expanded 5.10 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica averaged 0.91 percent from 1997 until 2025, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -16.80 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 February of 2026.

The Gross Domestic Product (GDP) in Jamaica expanded 5.10 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica is expected to be 1.40 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 1.70 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-03 04:10 PM
GDP Growth Rate YoY
Q2 1.6% 1.1% 0.8%
2025-12-31 05:25 PM
GDP Growth Rate YoY
Q3 5.1% 1.7% 1.4%
2026-03-31 05:00 PM
GDP Growth Rate YoY
Q4 5.1%


Related Last Previous Unit Reference
GDP Growth Rate YoY 5.10 1.70 percent Sep 2025
GDP Constant Prices 434326.00 433267.00 USD Million Sep 2025
GDP from Agriculture 33306.00 35836.00 USD Million Sep 2025
GDP from Construction 27448.00 24485.00 USD Million Sep 2025
GDP from Manufacturing 41857.00 42337.00 USD Million Sep 2025
GDP from Mining 5424.00 5598.00 USD Million Sep 2025
GDP from Public Administration 27521.00 28543.00 USD Million Sep 2025
GDP from Services 71268.00 75119.00 USD Million Sep 2025
GDP From Transport and Storage 25409.00 22731.00 USD Million Sep 2025
GDP from Utilities 12681.00 11887.00 USD Million Sep 2025
GDP Growth Rate 1.10 0.40 percent Sep 2025


Jamaica GDP Annual 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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 1.70 16.20 -16.80 1997 - 2025 percent Quarterly
NSA

News Stream
Jamaica GDP Growth Picks Up in Q3
Jamaica’s economy expanded 5.1% year-on-year in the third quarter of 2025, accelerating from a 1.7% increase in the previous quarter. Growth was led by agriculture, forestry, and fishing (20.9%), followed by other manufacturing (12.0%), transport and storage (7.1%), and accommodation and food services (6.8%). Public administration and defence was the only sector to contract, down 0.7%. On a quarter-on-quarter basis, GDP increased 1.1%.
2025-12-31
Jamaica’s GDP Rebounds 1.1% in Q1 2025
The economy of Jamaica expanded by 1.1% year-on-year in the first quarter of 2025, rebounding from a 0.8% contraction in Q4 2024. The recovery was driven by a 2.0% increase in goods production, with all productive sectors posting gains — manufacturing (+1.7%), construction (+1.4%), mining and quarrying (+0.7%), and agriculture (+3.1%). In addition, the services sector grew by 0.8%, supported by increases across most industries. However, this was partially offset by declines in wholesale & retail trade, repair and installation of machinery (-0.8%), and real estate & business activities (-0.4%).
2025-07-15
Jamaica GDP Contracts for 2nd Quarter
The economy of Jamaica contracted by 0.8% year-on-year in the fourth quarter of 2024, following a revised decline of 3.3% in the previous quarter. This marks the first back-to-back quarterly contractions since the pandemic, driven by sharp declines in several sectors, including agriculture, forestry, and fishing (-10.6% vs. -12.5% in Q3), mining and quarrying (-2.3% vs. -17.4%), utilities (-1.4% vs. -5.8%), hotels and restaurants (-0.3% vs. -4.9%), and manufacturing (-0.5% vs. -4.0%). Meanwhile, construction continued to decline but at a slower pace (-2.7% vs. -3.3%), while wholesale and retail trade rebounded slightly (0.2% vs. -3.0%). On a seasonally adjusted quarterly basis, the Jamaican economy expanded by 1.4% in Q4, rebounding from the 1.5% downturn from Q3.
2025-04-01