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Speaking Notes: Review of Economic Performance, July–September 2025
The Planning Institute of Jamaica’s Review of Economic Performance,
July–September 2025
Media Brief
November 25, 2025
1. Overview – Current Economic Context
Before I provide the details on economic performance, let me take this opportunity to remind you of the purpose of these quarterly economic estimates provided by the PIOJ. These preliminary figures are released approximately six weeks after the end of each quarter and are based on the most current data available from key sources. They provide an early indication of economic trends and performance across major industries.
The release of preliminary estimates aligns with international best practices, where it is standard procedure for economies to publish early indicators ahead of final official figures. In the case of Jamaica, the PIOJ releases the preliminary growth estimate within the first six weeks following the end of the quarter being reviewed, and STATIN releases the official GDP figures at the end of the 3rd month following the quarter being reviewed.
The preliminary out-turn is used by various stakeholders, including our International Development Partners, the Private Sector, as well as the Government, for whom the magnitude and direction of sectoral performance is critical to inform planning and policy-related decisions.
Today, we are reporting that the economy grew by an estimated 4.6% during the July–September 2025 quarter, relative to the corresponding quarter of 2024. The estimated out-turn for the review quarter largely reflected recovery from the low production base experienced in the similar quarter of 2024. The economy recorded relatively strong growth driven mainly by the industries that were most impacted by Hurricane Beryl, that caused damage estimated at $56.7 billion (Jamaican) in the corresponding quarter of 2024. These industries were Agriculture, Forestry & Fishing; Electricity, Water Supply & Waste Management; Accommodation & Food Service Activities; and Mining & Quarrying, which benefited from improved operational conditions and greater demand. As a consequence, both the Goods Producing and Services Industries recorded growth. READ MORE
Government of Jamaica