The Planning Institute of Jamaica’s Review of Economic Performance,
January–March 2025
Media Brief
May 21, 2025

This release of the preliminary estimate is consistent with trends in all modern economies globally, where it is the common practice to release a 1st, 2nd and even a 3rd preliminary estimate, before the final official figures are released. The PIOJ releases the preliminary growth estimate, approximately six weeks following the end of the quarter being reviewed. Note, however, that the targeted timeline for the press briefing is sometimes impacted by challenges in the data collection process. STATIN releases the official GDP figures at the end of the 3rd month following the end of the quarter.

The release of the preliminary out-turn is used by various stakeholders, including our International Development Partners, the Private Sector, as well as the Government, to inform critical planning and policy-related decisions.

Today, we are reporting that Real Value Added (RVA) for the Jamaican economy grew by an estimated 0.8% in the January to March 2025 quarter compared with the corresponding quarter of 2024.

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