Jamaica’s economy contracted 4.1% year-on-year in the first quarter of 2026, following a sharper 7.1% decline in the previous quarter, pointing to a slower pace of economic contraction.
Nearly all sectors recorded declines, with only financial and insurance activities (2.9%) and manufacturing (0.6%) posting growth.
The steepest drop came from mining and quarrying, which fell 23.5%, followed by agriculture, forestry and fishing (-18.3%), accommodation and food services (-16.6%), and utilities (-10.2%).
On a quarter-on-quarter basis, the economy rebounded 3.3%, recovering part of the 7.3% contraction recorded in the previous quarter.