March 31, 2026
The Statistical Institute of Jamaica (STATIN) reported a 7.1% decline in Jamaica’s total value added in the fourth quarter of 2025 compared to the same quarter of 2024. The performance of the economy was primarily attributed to declines of 5.9% in the Services Industries and 10.7% in the Goods Producing Industries.
The economy’s downturn was largely driven by the devastating effects of Hurricane Melissa, which severely impacted key sectors including Agriculture, Forestry & Fishing, Mining & Quarrying, Electricity, Water Supply & Waste Management, and Accommodation & Food Services Activities. The hurricane caused widespread damage to infrastructure, equipment, and agricultural operations, resulting in significant production losses across the island.
Services Industries
The Services Industries registered an overall decline of 5.9%, with lower performance recorded across most sectors. The most significant contraction was in Accommodation & Food Services Activities (-31.0%), driven by hotel closures and a sharp 43.0% fall in foreign national arrivals — from 645,575 visitors in Q4 2024 to just 367,927 in Q4 2025. Additional decreases were recorded in Information & Communication (-12.6%), Electricity, Water Supply & Waste Management (-11.7%), Transport & Storage (-7.5%), Education, Health & Other Services (-6.8%), Real Estate & Business Activities (-3.5%), and Wholesale & Retail Trade; Repair of Motor Vehicles; Installation of Machinery & Equipment (-2.2%). However, two sectors managed to post positive results: Public Administration & Defence (2.2%) and Financial & Insurance Activities (1.4%).
Goods Producing Industries
All industries within the Goods Producing Industries contracted during the quarter. Mining & Quarrying recorded the steepest decline (-37.5%), following hurricane damage to equipment and infrastructure that caused significant downtime and lost production. Agriculture, Forestry & Fishing fell by 17.7%, reflecting reduced crop yields, delayed planting, and livestock losses. Manufacturing declined by 8.1%, while Construction contracted by 2.5%.
Compared to the previous quarter (July–September 2025), total value added at constant prices (seasonally adjusted) declined by 7.3%, with the Goods Producing Industries falling 10.5% and the Services Industries declining 6.2%.
For the full calendar year 2025, preliminary estimates indicated that the Jamaican economy grew by a marginal 0.1%, supported by 1.2% growth in the Goods Producing Industries, though this was partially offset by a 0.3% decline in the Services Industries.
(Source: STATINJA)
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