Jamaica’s Economy Grew by 1.8% during the Second Quarter of 2018

According to the Planning Institute of Jamaica (PIOJ), Jamaica’s Gross Domestic Product (GDP) grew, during the April to June 2018 quarter, by an estimated 1.8%; the strongest quarterly growth in approximately two years. The “Mining and quarrying”, “Agriculture, forestry and fishing” and Construction industries were estimated to have grown by 30%, 10% and 1.2%, respectively. This growth was attributable to the resumption of operations at Alpart and higher levels of construction activity. Additionally, improved weather conditions facilitated increased output in the agriculture, forestry, and fishing industry. The PIOJ antici-pates that growth in the short-term is expected to be driven by mining and quarrying and construction. Jamaica’s GDP is projected to expand during the July to September 2018 quarter between the range of 1.5% and 2.5%.

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