Jamaica’s economic system expanded by 1.1 p.c within the first quarter of 2025, fueled by constructive performances throughout most goods-producing and companies trade subsectors, Appearing Director Normal of the Statistical Institute of Jamaica (STATIN), Leesha Delatie-Budair, introduced Thursday.
Talking at a digital Financial Statistics Media Stakeholders Assembly held on July 3, Ms. Delatie-Budair highlighted that the goods-producing sector grew by 2 p.c, whereas the companies sector elevated by 0.8 p.c in the course of the January to March interval.
“Many of the companies industries recorded a rise,” Ms. Delatie-Budair stated. Nevertheless, she famous two exceptions the place declines have been noticed: actual property and enterprise companies decreased by 0.4 p.c, and wholesale and retail commerce, together with restore of motor autos and set up of equipment and tools, fell by 0.8 p.c.
On the goods-producing aspect, all subsectors posted features. The strongest progress got here from agriculture, forestry, and fishing, which rose by 3.1 p.c, adopted by manufacturing at 1.7 p.c, building at 1.4 p.c, and mining and quarrying at 0.7 p.c.
This constructive begin to the yr displays a broad-based restoration, signaling optimism for Jamaica’s financial outlook because it continues to construct on momentum in key industries.
