$1.9T or 56 per cent of GDP...latest ESSJ details trail of damage caused by Hurricane Melissa
The Economic and Social Survey released by the Planning Institute of Jamaica reports extensive damage from Hurricane Melissa. The report states that Jamaica incurred losses amounting to 1.9 trillion in its local currency, equivalent to about 12.2 billion US dollars. These figures cover damage, losses and additional costs linked to the storm's devastation. The hurricane struck the island nearly a year ago. The survey provides a comprehensive overview of the nation's economic, social and environmental conditions. The publication is issued annually and compiles data, reports and analysis for policymakers and the public. The financial impact underscores the severe toll of natural disasters on Jamaica's development.
Jamaica suffered $1.9 trillion or US$12.2 billion in damage, losses and other costs associated with the devastation caused by Hurricane Melissa nearly one year ago, the latest Economic and Social Survey (ESSJ) has revealed. The ESSJ is an annual publication by the Planning Institute of Jamaica which provides comprehensive data, reports and analysis on the country’s economic, social, and environmental developments.