jamaica economy
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Jamaican economy confirmed to grow by 5.8% in 3rd quarter: CARICOM BUSINESS
Total value added for the Jamaican economy increased by 5.8% during the third quarter of 2021 relative to the third quarter of 2020. According to the Statistical Institute of Jamaica, this was attributable to growth in both the Services and Goods Producing Industries of 7.1 and 2.4% respectively. The growth in the Services Industries was due to improved performance in…
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Jamaica records growth of 6.3% for 3rd calendar quarter: CARICOM BUSINESS
The Jamaican economy grew by 6.3% for the July-September 2021 quarter relative to the similar quarter in 2020, reflecting continued recovery in most sectors, except mining, growth estimates from the Planning Institute of Jamaica, PIOJ, reveal. The mining sector declined 31% given the closure of a principal alumina plant and is expected to contract by 20 to 25% in 2021.…
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