Current account balance (credit less debit), Percent of GDP in Jamaica
Jamaica: Current account balance (credit less debit), Percent of GDP was 0.4585 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Jamaica, 1980–2031
Source: International Monetary Fund.
Analysis
Jamaica recorded 0.4585 for current account balance (credit less debit), percent of gdp in 2031.
Compared with earlier readings it is up 120.6% on the previous year and down 50.9% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Jamaica peaked at 2.94 in 2024 and was at its lowest, -19.82, in 2008.
That places Jamaica 8th out of 35 countries with data for 2031, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -4.46 | — |
| 1981 | -15.02 | +236.5% |
| 1982 | -16.24 | +8.1% |
| 1983 | -10.14 | -37.6% |
| 1984 | -11.27 | +11.1% |
| 1985 | -12.42 | +10.2% |
| 1986 | -3.43 | -72.4% |
| 1987 | -5.13 | +49.6% |
| 1988 | -1.86 | -63.8% |
| 1989 | -8.54 | +359.7% |
| 1990 | -6.52 | -23.6% |
| 1991 | -5.46 | -16.3% |
| 1992 | 0.6418 | -111.8% |
| 1993 | -3.3 | -613.7% |
| 1994 | 1.46 | -144.2% |
| 1995 | -1.47 | -200.9% |
| 1996 | -1.88 | +27.7% |
| 1997 | -3.85 | +105.1% |
| 1998 | -3.7 | -3.9% |
| 1999 | -2.37 | -35.9% |
| 2000 | -3.95 | +66.5% |
| 2001 | -8.04 | +103.6% |
| 2002 | -10.77 | +33.9% |
| 2003 | -7.99 | -25.8% |
| 2004 | -4.8 | -39.9% |
| 2005 | -9.3 | +93.5% |
| 2006 | -9.65 | +3.8% |
| 2007 | -15.36 | +59.2% |
| 2008 | -19.82 | +29.0% |
| 2009 | -9.08 | -54.2% |
| 2010 | -6.91 | -23.9% |
| 2011 | -13.29 | +92.4% |
| 2012 | -9.51 | -28.5% |
| 2013 | -9.3 | -2.1% |
| 2014 | -7.83 | -15.8% |
| 2015 | -2.88 | -63.2% |
| 2016 | -0.2911 | -89.9% |
| 2017 | -2.53 | +768.3% |
| 2018 | -1.4 | -44.6% |
| 2019 | -1.78 | +27.1% |
| 2020 | -1.04 | -41.5% |
| 2021 | 0.934 | -189.8% |
| 2022 | -0.7273 | -177.9% |
| 2023 | 2.67 | -467.3% |
| 2024 | 2.94 | +10.2% |
| 2025 | 1.21 | -58.9% |
| 2026 | -5.98 | -594.3% |
| 2027 | -6.61 | +10.5% |
| 2028 | -3.64 | -44.9% |
| 2029 | -1 | -72.5% |
| 2030 | 0.2079 | -120.7% |
| 2031 | 0.4585 | +120.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -8.85 | -16.24 | -1.86 | 10 |
| 1990s | -2.65 | -6.52 | 1.46 | 10 |
| 2000s | -9.88 | -19.82 | -3.95 | 10 |
| 2010s | -5.57 | -13.29 | -0.2911 | 10 |
| 2020s | -1.12 | -6.61 | 2.94 | 10 |
| 2030s | 0.3332 | 0.2079 | 0.4585 | 2 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp in Jamaica?
- Current account balance (credit less debit), percent of gdp in Jamaica was 0.4585 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Jamaica?
- The highest recorded value was 2.94 in 2024.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Jamaica?
- The lowest recorded value was -19.82 in 2008.
- How does Jamaica rank for current account balance (credit less debit), percent of gdp?
- Jamaica ranks 8th out of 35 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Jamaica?
- Over the last ten years it is down 50.9%. 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), Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.