Jamaica's Economy Contracts By 4.1% | Business Day
The Statistical Institute of Jamaica says the decline in real Gross Domestic Product was driven by reduced output in both the goods-producing and services sectors.
The goods-producing industries recorded the sharper decline, falling 7.3 per cent. Agriculture, forestry and fishing contracted by 18.3 per cent, while mining and quarrying declined 23.5 per cent. Construction also slipped by 1.4 per cent.
Manufacturing was the only goods-producing industry to record growth, expanding by 0.6 per cent.
Financial and insurance activities was the only services industry to record growth, increasing by 2.9 per cent.
Despite the year-on-year decline, STATIN says the economy grew by 3.3 per cent on a seasonally adjusted basis compared with the October to December 2025 quarter.
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