Goods balance (credit less debit), Net (credits less debits) (US) in Jamaica
Jamaica: Goods balance (credit less debit), Net (credits less debits) (US) was -4.20 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Jamaica, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Jamaica stood at -4.20 billion.
That represents a change of up 4.5% on the previous year and down 11.7% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Jamaica peaked at -2.58 billion in 2005 and was at its lowest, -4.80 billion, in 2008.
That places Jamaica 143rd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.58 billion | — |
| 2006 | -2.94 billion | +14.0% |
| 2007 | -3.84 billion | +30.5% |
| 2008 | -4.80 billion | +25.0% |
| 2009 | -3.09 billion | -35.7% |
| 2010 | -3.26 billion | +5.5% |
| 2011 | -4.22 billion | +29.3% |
| 2012 | -3.91 billion | -7.3% |
| 2013 | -3.88 billion | -0.7% |
| 2014 | -3.76 billion | -3.1% |
| 2015 | -3.19 billion | -15.0% |
| 2016 | -2.88 billion | -9.7% |
| 2017 | -3.55 billion | +23.2% |
| 2018 | -3.51 billion | -1.1% |
| 2019 | -4.03 billion | +14.7% |
| 2020 | -2.95 billion | -26.9% |
| 2021 | -2.78 billion | -5.7% |
| 2022 | -4.61 billion | +65.6% |
| 2023 | -4.40 billion | -4.5% |
| 2024 | -4.20 billion | -4.5% |
Jamaica compared with similar countries
- Jamaica's -4.20 billion is below the median for upper middle income countries, which is -778.45 million, 5.4× the median. (54 countries reporting)
- Jamaica's -4.20 billion is below the median for Latin America & Caribbean, which is -820.85 million, 5.1× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.45 billion | -4.80 billion | -2.58 billion | 5 |
| 2010s | -3.62 billion | -4.22 billion | -2.88 billion | 10 |
| 2020s | -3.79 billion | -4.61 billion | -2.78 billion | 5 |
Countries ranked near Jamaica
- 140 Bahamas -3.72 billion compare
- 141 New Zealand -3.98 billion compare
- 142 Mauritius -3.98 billion compare
- 144 Cambodia -4.50 billion compare
- 145 West Bank and Gaza -4.50 billion compare
- 146 Tajikistan -4.51 billion compare
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 goods balance (credit less debit), net (credits less debits) in Jamaica?
- Goods balance (credit less debit), net (credits less debits) in Jamaica was -4.20 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The highest recorded value was -2.58 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The lowest recorded value was -4.80 billion in 2008.
- How does Jamaica rank for goods balance (credit less debit), net (credits less debits)?
- Jamaica ranks 143rd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Jamaica?
- Over the last ten years it is down 11.7%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.