December 31, 2025
The Statistical Institute of Jamaica (STATIN) reported a 5.1% increase in Jamaica’s total value added in the third 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 3.3% and 10.9%, respectively.
The economy’s performance signaled a rebound from the adverse effects of Hurricane Beryl in July 2024, primarily driven by heightened activity in the sectors most impacted, such as Agriculture, Forestry & Fishing, Mining & Quarrying, Electricity, Water Supply & Waste Management, and Accommodation & Food Services. The recovery within Agriculture, Forestry & Fishing was further supported by favorable weather conditions and continued initiatives from both government and private stakeholders aimed at enhancing production capacity.
Services Industries
The growth in the Services Industries was primarily driven by broad-based expansions across most sectors, resulting in an overall increase of 3.3%. Notable improvements were observed in Transport & Storage (7.1%), Accommodation & Food Service Activities (6.8%), and Electricity, Water Supply & Waste Management (6.7%). Additional gains were recorded in Financial & Insurance Activities (5.3%), Wholesale & Retail Trade; Repair of Motor Vehicles; Installation of Machinery & Equipment (3.1%), Education, Health & Other Services (2.5%), Information & Communication (1.5%), and Real Estate & Business Activities (1.0%). However, the overall performance was slightly tempered by a 0.7 per cent decline in Public Administration & Defense.
Goods Producing Industries
The increase in the Goods Producing Industries was led by a robust expansion in Agriculture, Forestry & Fishing (20.9%), supported by favorable weather conditions and ongoing efforts to boost production capacity. Growth was also recorded in Manufacturing (8.4%), Construction (5.5%), and Mining & Quarrying (4.0%).
In comparison to the second quarter of 2025, the economy grew by 1.1%, marking the third consecutive quarterly growth for 2025. This was largely due to a 2.1% increase in Goods Producing Industries and a 0.8% increase in the Services Industries.
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