Dr Nigel Clarke | Research and development to be included in GDP

Come September 2020, the Government will be amending the format for measuring Jamaica’s gross domestic product (GDP) to include research and development as a subsector, stated Finance and the Public Service Minister, Dr Nigel Clarke. This will entail incorporating the 2008 GDP measurement update under the United Nations System of National Accounts (SNA), being used by a number of countries, including the United States.