STATIN, Jamaica Records 14% GDP in 2nd Quarter
The Gross Domestic Product, (GDP) of Jamaica grew by 14 percent in the second quarter of 2021 relative to the same period last year, after the Government relaxed measures aimed at limiting the COVID-19 spread.
The Statistical Institute of Jamaica, (STATIN) Director General, Carol Coy made the announcements on Wednesday, October 20, during their quarterly media briefing. Signs of life after being hit hard by the COVID-19 pandemic, these were confirmed in the latest data regarding the country’s economic growth in the second quarter of 2021. STATIN’s Director General provided the updates.
She notes that the Government’s relaxation of several COVID-19 containment measures have served to bolster the growth in the GDP of Jamaica experienced in the second quarter. She adds other factors such as favourable weather conditions and the Government’s flood relief program for farmers played a major role.
Ms. Coy notes that value-added in the goods producing industry grew by nearly 13 percent despite a 9 percent decline in the mining sector.
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