Current account balance (credit less debit), Net (credits less debits) in Jamaica
Jamaica: Current account balance (credit less debit), Net (credits less debits) was 678.81 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Jamaica, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Jamaica is 678.81 million, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 19.3% on the previous year and up 160.9% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Jamaica peaked at 678.81 million in 2024 and was at its lowest, -2.79 billion, in 2008.
That places Jamaica 58th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.07 billion | — |
| 2006 | -1.18 billion | +10.4% |
| 2007 | -2.04 billion | +72.3% |
| 2008 | -2.79 billion | +37.0% |
| 2009 | -1.13 billion | -59.6% |
| 2010 | -934.00 million | -17.2% |
| 2011 | -2.06 billion | +120.9% |
| 2012 | -1.44 billion | -30.2% |
| 2013 | -1.36 billion | -5.8% |
| 2014 | -1.11 billion | -17.9% |
| 2015 | -430.10 million | -61.4% |
| 2016 | -43.46 million | -89.9% |
| 2017 | -397.48 million | +814.5% |
| 2018 | -234.83 million | -40.9% |
| 2019 | -302.63 million | +28.9% |
| 2020 | -156.91 million | -48.2% |
| 2021 | 149.26 million | -195.1% |
| 2022 | -136.40 million | -191.4% |
| 2023 | 568.93 million | -517.1% |
| 2024 | 678.81 million | +19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.64 billion | -2.79 billion | -1.07 billion | 5 |
| 2010s | -831.71 million | -2.06 billion | -43.46 million | 10 |
| 2020s | 220.74 million | -156.91 million | 678.81 million | 5 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Total reserves in months of imports, annual growth rate 18.65 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.89 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1949 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,559 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.56 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,622 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.56 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Jamaica?
- Current account balance (credit less debit), net (credits less debits) in Jamaica was 678.81 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The highest recorded value was 678.81 million in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The lowest recorded value was -2.79 billion in 2008.
- How does Jamaica rank for current account balance (credit less debit), net (credits less debits)?
- Jamaica ranks 58th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Jamaica?
- Over the last ten years it is up 160.9%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.