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Growth was collapsed for the fourth division — STATIN
Total amount added for the Jamaican abridgement was $197,013 actor for the fourth division of 2019. This remained almost banausic back compared to $197,086 actor for the agnate division of 2018. The casework industries grew by 1.2 per cent, while the appurtenances bearing industries beneath by 3.7 per cent.
All industries aural the casework industries grew: electricity & baptize accumulation (2.8 per cent), broad & retail trade; repairs; accession of accouterment & accessories (0.7 per cent), hotels & restaurants (3.7 per cent), transport, accumulator & advice (0.5 per cent), accounts & allowance casework (3.3 per cent), absolute estate, renting & business activities (0.7 per cent), producers of government casework (0.2 per cent) and added casework (1.4 per cent).
Within the appurtenances bearing industries, the mining & quarrying and architecture industries beneath by 40.4 per cent and 1.9 per cent, respectively. Higher levels of achievement were about accomplished in agriculture, forestry & fishing (3.9 per cent) and accomplishment (0.4 per cent).
The abatement in the mining & quarrying industry was due to lower assembly of alumina and bauxite consistent from the cease of the Jiquan Iron and Steel Company Limited (JISCO)/Alpart refinery.
The abatement in achievement for the architecture industry was mainly due to a abridgement in the civilian engineering subgroup.
The achievement of the agriculture, forestry & fishing industry was impacted by favourable acclimate conditions. The advance in accomplishment was due to an access in the food, beverages & tobacco sub-industry of 1.8 per cent, abundantly due to added assembly of atom comminute products, dairy products, bakery products, amoroso & molasses, and beverages.
However, the added accomplishment sub-industry beneath by 1.2 per cent afflicted mainly by lower assembly levels of petroleum articles and non-metallic minerals.
Preliminary estimates for the agenda year 2019 showed a 0.9 per cent advance in the Jamaican economy. This was due to a 1.4 per cent advance in the casework industries. The appurtenances bearing industries beneath by 0.6 per cent.
The GDP Fourth Division 2019 provides added advice and is accessible on the Statistical Institute of Jamaica’s website: www.statinja.gov.jm or at the institute’s library: 7 Cecelio Avenue, Kingston. Visit the institute’s Facebook folio at Facebook.com/STATINJA for the alternating division 2019 GDP infographic.
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