Jamaica GDP Annual Growth Rate  2003-2016 | Data | Chart | Calendar

Jamaica's economy advanced 1.4 percent year-on-year in the second quarter of 2016, following 0.8 percent expansion in the previous period. Growth was mainly driven by agriculture (+9.4 percent from +3 percent in Q1), wholesale and retail trade (+0.5 percent), manufacturing (+0.6 percent from +0.3 percent in Q1, transport and communication (+0.7 percent from +0.4 percent in Q1), real estate renting (+0.5 percent from +0.4 percent in Q1), construction (+1.6 percent from +0.3 percent in Q1) and other manufacturing (+3.7 percent from +0.6 percent in Q1). In contrast, contraction was recorded in mining and quarrying (-1.9 percent from -0.8 percent in Q1), food, beverages and tobacco (-1.4 percent from +0.2 percent in Q1). On a quarter-on-quarter basis, the GDP expanded 1.6 percent. GDP Annual Growth Rate in Jamaica averaged 0.58 percent from 2003 until 2016, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.50 percent in the second quarter of 2009.

Jamaica GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-04-03 04:00 PM Q4 2012 -0.9% -0.2%
2016-09-30 08:30 PM Q2 1.4% 0.8% 0.5%
2016-12-30 06:00 PM Q3 1.4% 0.6%
2017-09-29 08:30 PM Q2
2017-12-29 06:00 PM Q3




Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 -0.40 2.20 -2.10 percent [+]
GDP Annual Growth Rate 1.40 0.80 4.30 -4.50 percent [+]
GDP 14.01 13.93 14.75 0.70 USD Billion [+]
GDP per capita 4997.78 4963.01 5396.13 3508.38 USD [+]
GDP per capita PPP 8528.90 8469.56 9045.05 7386.65 USD [+]



Jamaica GDP Annual Growth Rate Notes

Jamaica, a small island nation situated in a strategic position near the Panama Canal, is 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. Jamaica’s large shadow economy and lax tax regulations have translated into persistent fiscal deficits and heavy dependence on remittances. Bureaucracy, high energy costs and a slow, inefficient legal system are hampering foreign direct investments and private initiative. High unemployment and drug related crime are also issues that need to be addressed. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 0.80 4.30 -4.50 2003 - 2016 percent Quarterly



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