Tue | May 19, 2026

5.9% growth in September quarter puts J'can economy almost at pre-COVID level

Published:Friday | December 30, 2022 | 3:47 PM
During the quarter from July to September, the services industries grew by 6 per cent, while goods-producing industries grew by 5.6 per cent.

The Statistical Institute of Jamaica (STATIN) has reported that the economy is almost back to its pre-COVID level.

At its quarterly media briefing on Friday, STATIN reported economic growth of 5.9 per cent for the September quarter compared with the same quarter in the previous year.

This means economic output, in real terms, has now surpassed the March 2020 level and is 99.9 per cent of the pre-COVID level of December 2019.

During the quarter from July to September, the services industries grew by 6 per cent, while goods-producing industries grew by 5.6 per cent.

In October, STATIN indicated that the country was on track to return to pre-COVID-19 levels of economic output by 2023.

Follow The Gleaner on Twitter and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com.