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The economy of Jamaica is heavily reliant on services, accounting for 71% of the country's GDP. [16] Jamaica has natural resources and a climate conducive to agriculture and tourism. The discovery of bauxite in the 1940s and the subsequent establishment of the bauxite-alumina industry shifted Jamaica's economy from sugar, and bananas. [17]
While agriculture is the major economic land-use activity in many Caribbean countries, agriculture accounts for a declining percentage of most islands' GDP. However, unlike many developed countries, this trend may be accounted for by a growing tertiary sector , as opposed to industrial growth, except for Trinidad and Tobago and Mexico.
Jamaica is a mixed economy with both state enterprises and private sector businesses. Major sectors of the Jamaican economy include agriculture, mining, manufacturing, tourism, petroleum refining, financial and insurance services. [83] Tourism and mining are the leading earners of foreign exchange. Half the Jamaican economy relies on services ...
Jamaica's agricultural exports are concentrated on ground provisions, notably sweet potatoes and plantains. In the 1970s, there were efforts to expand the production of ground provisions, [ 1 ] and by 1980 made up to 80% of Jamaica's total agricultural exports.
The economic structure shifted from a dependence on agriculture that in 1950 accounted for 30.8 percent of GDP to an agricultural contribution of 12.9 percent in 1960 and 6.7 percent in 1970. [11] During the same period, the contribution to GDP of mining increased from less than 1 percent in 1950 to 9.3 percent in 1960 and 12.6 percent in 1970 ...
From Wikipedia, the free encyclopedia. Redirect page. Redirect to: Economy of Jamaica#Agriculture
Agriculture in the Caribbean region of North America. Subcategories. This category has the following 10 subcategories, out of 10 total. ... Agriculture in Jamaica (4 ...
At the Jamaica School of Agriculture the director of the government stock farm H.H. Cousins involved Lecky in testing European cattle breeds for their suitability to the Jamaican environment. Lecky went on to study agriculture and animal husbandry at McGill University and Ontario Agricultural College in Canada. At university, he focused on ...