jamaica full potential

Jamaica’s GDP Growth Is Still Slow

By: Caribbean Journal Staff - March 6, 2016

Jamaica’s economy continues to struggle.

The island recorded estimated GDP growth of 0.8 percent last year, according to the latest data from the Planning Institute of Jamaica.

That was still an improvement over 2014, however, when the island’s economy grew by 0.5 percent, lagging most of its neighbors in the Caribbean.

PIOJ director general Colin Bullock took a positive view of the numbers, however.

“The growth recorded for the calendar year (also) reflects a strengthening of performance in the second half of the year, when there was an estimated growth of 1.0 per cent, up from 0.5 per cent in the first half,” Bullock said.

He also said that Jamaica’s economic performance had been constrained by drought conditions from the previous quarter, as well as production downtime associated with reduced demand from major purchasers of Jamaican bauxite.

— CJ Staff

Popular Posts

A.R. Carnegie, 74, Caribbean Legal Legend

A Caribbean Journal Editorial He was never a judge, never a Queen’s Counsel. His robes were never silk. But A. Ralph Carnegie was a Caribbean John Marshall if there ever was one. Ralph Carnegie, A.R. in scholarly texts, passed away […]

Robinson: Manatt Approached Government

Lackston Robinson, Jamaica’s Deputy Solicitor General, testified that it was the law firm Manatt, Phelps and Phillips, and not the Jamaican Government/Jamaica Labour Party, that made the first move to solicit a contract to lobby the White House, he told […]

IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will […]

Related Posts negril all-inclusive resorts jamaica

Jamaica Eyes Record-Breaking Arrival Numbers 

After a banner summer, Jamaica is eyeing a strong fall season that could catapult it to a new tourism record.  The island will have a total of 1.1 million scheduled airline seats this fall, the most Jamaica has ever had […]

Delta Vacations: Jamaica Leading Caribbean Growth 


As Jamaica’s tourism sector continues its recovery, the island has been dubbed the number one Caribbean destination for Delta Vacations in terms of growth.  The announcement, which follows the island’s double-digit growth in terms of demand, was shared during a […]

Jamaica, The Bahamas Plan Deeper Tourism  Collaboration

jamaica tourism bahamas collaboration

A new alliance is being forged between two of the Caribbean’s most popular destinations in a drive to develop a cooperative approach to air travel and grow regional tourism. Jamaica Tourism Minister Edmund Bartlett held talks with Bahamas Deputy Prime […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You