Economy Grew 5.2 Percent For January To September

Jamaica’s economy is estimated to have grown by 5.2 percent for the first nine months of 2022, from January to September.

Director General, Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, said the growth reflects positive performance for the Services industry, up 6.7 percent, and the Goods Producing Industry, up 0.6 percent.

He pointed out that all industries, except ‘Mining, Quarrying, and ‘Construction,’ recorded growth.

Dr. Henry said the ‘Hotels and Restaurants’ subsector was the main growth driver, up 58.2 percent, and ‘Agriculture, Forestry, and Fishing,’ up 9.8 percent.

He was speaking during the PIOJ’s digital quarterly media briefing on Wednesday (November 23).

Meanwhile, the economy is estimated to have expanded by 4.3 percent for the July to September quarter, largely due to the impact of the removal of COVID-19 containment measures globally, which facilitated increased domestic and external demand.

Read more at JIS

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Edited by Jesus Chan

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