Jamaica’s Economic Growth For 2022/23 Beats Pre-Pandemic Levels

Jamaica’s economic growth is estimated to have exceeded pre-pandemic levels for the 2022/2023 fiscal year.

The Planning Institute of Jamaica (PIOJ) noted recently in its latest preliminary data for the January to March quarter, along with the full fiscal year.

PIOJ Director General Dr. Wayne Henry says the 2.7 percent growth suggests full economic recovery.

For the first quarter of 2019, a year before the pandemic, Jamaica’s gross domestic product grew by 1.7 percent.

Dr. Henry says for the first quarter of 2023 out-turn, growth was driven by increased demand for local goods and services.

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Edited by Jesus Chan

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