October 1, 2025
The Statistical Institute of Jamaica (STATIN) reported a 1.6% increase in Jamaica’s total value added in the second quarter of 2025 compared to the same quarter of 2024. The performance of the economy was primarily attributed to growth in the Services and Goods Producing Industries of 1.0% and 3.6%, respectively.
Services Industries
The growth in the Services Industries was primarily driven by expansions in several key sectors. Notable increases were recorded in Accommodation & Food Service Activities (4.1%), supported by a continued rise in foreign national arrivals and increased activity in food services. Additional growth was observed in Financial & Insurance Activities (3.9%), Public Administration & Defence (0.9%), Transport & Storage (1.7%), Information & Communication (0.2%), and Real Estate & Business Services (0.2%). However, the overall performance of the Services Industries was tempered by contractions in Electricity, Water Supply & Waste Management (2.6%) and Education, Health & Other Services (0.5%), while Wholesale & Retail Trade; Repairs; Installation of Machinery & Equipment remained relatively unchanged.
Goods Producing Industries
The increase in the Goods Producing Industries was led by improved performance in Agriculture, Forestry, & Fishing (9.2%), which marked its second consecutive quarterly increase in real value added for 2025, indicating a recovery from the adverse weather events of 2024. Growth was also recorded in Construction (1.7%) and Manufacturing (1.5%). In contrast, the Mining & Quarrying industry declined by 4.8%.
In comparison to the first quarter of 2025, the economy grew by 0.4%. This was largely due to a 2.3% increase in Goods Producing Industries, which was slightly tempered by a 0.2% decline in the Services Industries.
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