Secondary income balance (credit less debit), Net (credits less) in Jamaica
Jamaica: Secondary income balance (credit less debit), Net (credits less) was 3.43 billion in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Jamaica, 2005–2024
Source: International Monetary Fund.
Analysis
Jamaica recorded 3.43 billion for secondary income balance (credit less debit), net (credits less) in 2024.
Compared with earlier readings it is down 0.6% on the previous year and up 53.4% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Jamaica peaked at 3.57 billion in 2021 and was at its lowest, 1.58 billion, in 2005.
Jamaica ranks 37th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.58 billion | — |
| 2006 | 1.75 billion | +10.8% |
| 2007 | 2.04 billion | +16.7% |
| 2008 | 2.15 billion | +5.4% |
| 2009 | 1.86 billion | -13.6% |
| 2010 | 2.01 billion | +8.2% |
| 2011 | 2.00 billion | -0.7% |
| 2012 | 2.09 billion | +4.5% |
| 2013 | 2.16 billion | +3.4% |
| 2014 | 2.24 billion | +3.6% |
| 2015 | 2.31 billion | +3.2% |
| 2016 | 2.39 billion | +3.6% |
| 2017 | 2.38 billion | -0.3% |
| 2018 | 2.45 billion | +3.0% |
| 2019 | 2.42 billion | -1.5% |
| 2020 | 2.96 billion | +22.6% |
| 2021 | 3.57 billion | +20.6% |
| 2022 | 3.52 billion | -1.5% |
| 2023 | 3.45 billion | -2.0% |
| 2024 | 3.43 billion | -0.6% |
Jamaica compared with similar countries
- Jamaica's 3.43 billion is above the median for upper middle income countries, which is 975.41 million, 3.5× the median. (54 countries reporting)
- Jamaica's 3.43 billion is above the median for Latin America & Caribbean, which is 194.18 million, 17.7× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.88 billion | 1.58 billion | 2.15 billion | 5 |
| 2010s | 2.24 billion | 2.00 billion | 2.45 billion | 10 |
| 2020s | 3.39 billion | 2.96 billion | 3.57 billion | 5 |
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 secondary income balance (credit less debit), net (credits less) in Jamaica?
- Secondary income balance (credit less debit), net (credits less) in Jamaica was 3.43 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Jamaica?
- The highest recorded value was 3.57 billion in 2021.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Jamaica?
- The lowest recorded value was 1.58 billion in 2005.
- How does Jamaica rank for secondary income balance (credit less debit), net (credits less)?
- Jamaica ranks 37th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Jamaica?
- Over the last ten years it is up 53.4%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Secondary income 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.