Jason Hayward, the Minister of Economy and Labour, released the Department of Statistic’s 2025 Annual Gross Domestic Product report
Five consecutive years of growth but, inflation still poses the greatest risk to economic progress going forward.
This from Jason Hayward, Minister of Economy and Labour, as he released the GDP figures for 2025.
Total GDP in 2025 rose 6.5% in nominal terms, reaching $9.85 billion and exceeding the Ministry’s original estimates.
Minister Hayward said the international business sector expanded 0.8%, adding around $16.8 million in value and representing more than 5,000 filled jobs in 2025.
The construction and quarrying sector rose 5.9% and contributed $15.6 million to the economy.
The Minister also noted that the food and beverage sector contracted 5.6% and education fell by 3.4% or $4.2 million.
Asked what was the greatest obstacle to growth, the Minister responded this way.
