Jamaica’s Economy On The Rise

According to the Statistical Institute of Jamaica (STATIN), the country’s economy grew by 2.3 percent during the second quarter of this year.

The agency noted that the real value added result for April to June was mainly due to a 2.2 percent increase in output for the services industry.

GDP for the goods producing industry was up 2.6 percent compared with the similar period last year.

The quarter’s performance also exceeds the initial GDP projections for April to June, given by the Planning Institute of Jamaica.

In August, the PIOJ estimated GDP growth for the quarter at 1.5 percent.

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 Edited by Jesus Chan

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