July 4, 2025
The Statistical Institute of Jamaica (STATIN) reported that the Jamaican economy experienced a growth of 1.1 per cent in the first quarter of 2025 when compared to the same period in 2024. This overall expansion was driven by positive performances in both the Goods and Services industries, which recorded growth rates of 2.0 per cent and 0.8 per cent, respectively.
In the Services sector, most industries showed improvement, with the exception of two: Wholesale & Retail Trade; Repair and Installation of Machinery and Real Estate & Business Activities. These two industries experienced declines of 0.8 per cent and 0.4 per cent, respectively.
Meanwhile, all industries within the Goods-producing sector recorded increases during the review period. The Agriculture, Forestry and Fishing industry led the way with a 3.1 per cent growth. This was followed by the Manufacturing industry, which grew by 1.7 per cent, the Construction industry with a 1.4 per cent increase, and Mining and Quarrying, which rose by 0.7 per cent.
Source: (Statistical Institute of Jamaica)
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