Once again, the combination of agriculture, forestry and fishing was the sector which grew the most in the December 2016 quarter, the Bank of Jamaica (BOJ) indicates in its quarterly Monetary Report (QMPR) which was released yesterday.
The food and forest-based industries topped real sector growth, delivering an increase in the range of 17.5 to 18 per cent and contributing 52 per cent to growth in the goods sector.
Overall, the BOJ estimates that the Jamaican economy expanded within the range of 1.0 per cent to 2.0 per cent in the December 2016 quarter, representing the eighth consecutive quarter of growth. All industries are estimated to have grown, excluding manufacturing, mining and quarrying and producers of government services.
The goods sector under which agriculture is categorised contributed 63.4 per cent to this expansion in GDP, growing in the range of 2.5 to 3.5 per cent. The services sector, comprising the remainder, grew in the range of 0.5 per cent.
http://www.jamaicaobserver.com/business/Agriculture-tops-real-sector-growth-again_90286
