Jamaica GDP Annual Growth Rate  2003-2017 | Data | Chart | Calendar

The Jamaican economy advanced 2 percent year-on-year in the third quarter of 2016, following a 1.4 percent expansion in the previous period. It is the highest growth rate since the second quarter of 2014, boosted by production of both goods and services. Agriculture, forestry and fishing grew by 29.1 percent (9.4 percent in Q2); mining and quarrying advanced 2 percent (-1.9 percent in Q2) and manufacturing edged up 0.1 percent (0.6 percent in Q2). Increases were also recorded for electricity and water supply (2.5 percent vs 5 percent in Q2); hotels and restaurants (2.2 percent vs 1.3 percent in Q2); transport (0.5 percent vs 0.7 percent in Q2); wholesale and retail trade (0.5 percent, the same as in Q2). In contrast, construction shrank 0.7 percent (+1.6 percent in Q2). On a quarterly basis, the economy expanded 0.9 percent. GDP Annual Growth Rate in Jamaica averaged 0.60 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 05:50 PM Q3 2.0% 1.4% 1.3%
2017-03-31 04:00 PM Q4 2.0% 2.27%
2017-06-30 04:00 PM Q1
2017-09-29 08:30 PM Q2 2.03%




Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.60 2.20 -2.10 percent [+]
GDP Annual Growth Rate 2.00 1.40 4.30 -4.50 percent [+]
GDP 14.26 13.90 14.75 0.70 USD Billion [+]
GDP per capita 5000.71 4961.17 5395.44 3507.94 USD [+]
GDP per capita PPP 8539.51 8472.00 9049.85 7390.58 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.40 4.30 -4.50 2003 - 2016 percent Quarterly



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