FX.co ★ Jamaica GDP Falls For Second Straight Quarter

Jamaica’s economy shrank by 4.1% year-on-year in the first quarter of 2026, easing from a sharper 7.1% decline in the previous quarter and indicating a moderation in the pace of contraction. Almost all sectors recorded decreases, with the only expansions seen in financial and insurance activities (up 2.9%) and manufacturing (up 0.6%). The largest decline was in mining and quarrying, which plunged 23.5%, followed by agriculture, forestry and fishing (-18.3%), accommodation and food services (-16.6%), and utilities (-10.2%). On a quarter-on-quarter basis, output rebounded by 3.3%, partially offsetting the 7.3% contraction registered in the preceding quarter.