Planning Institute of Jamaica’s Review of Economic Performance, April–June 2024
Media Brief
September 4, 2024

Before I provide the details on economic performance, let me remind you of the purpose of these quarterly economic estimates provided by the PIOJ. The PIOJ presents preliminary estimates on economic performance for each quarter. This is based on early information provided by major data providers.

The provision of preliminary estimates is consistent with trends in modern economies globally, where it is the common practice to release a 1st, 2nd and even a 3rd preliminary estimate, before the final figures are provided. The PIOJ releases the preliminary growth estimate approximately six weeks following the end of the quarter being reviewed, while STATIN releases the official figures at the end of the 3rd month following the end of the quarter.

Various stakeholders, including our International Development Partners, the Private Sector, as well as the Government, use the preliminary data to inform critical planning and policy-related decisions.

Today, we are reporting that the Jamaican economy remained relatively flat, recording an estimated growth of 0.1% compared with the corresponding quarter, April to June 2023. READ MORE