Services balance (credit less debit), Net (credits less debits) in Jamaica
Jamaica: Services balance (credit less debit), Net (credits less debits) was 1.80 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Jamaica, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Jamaica stood at 1.80 billion.
The figure is down 0.6% on the previous year and up 154.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Jamaica peaked at 1.81 billion in 2023 and was at its lowest, -222.80 million, in 2021.
Jamaica ranks 60th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 607.64 million | — |
| 2006 | 627.62 million | +3.3% |
| 2007 | 424.87 million | -32.3% |
| 2008 | 428.11 million | +0.8% |
| 2009 | 769.92 million | +79.8% |
| 2010 | 809.62 million | +5.2% |
| 2011 | 674.17 million | -16.7% |
| 2012 | 578.30 million | -14.2% |
| 2013 | 696.57 million | +20.5% |
| 2014 | 707.51 million | +1.6% |
| 2015 | 898.02 million | +26.9% |
| 2016 | 1.05 billion | +16.5% |
| 2017 | 1.20 billion | +14.3% |
| 2018 | 1.42 billion | +19.1% |
| 2019 | 1.75 billion | +23.2% |
| 2020 | 284.69 million | -83.8% |
| 2021 | -222.80 million | -178.3% |
| 2022 | 1.31 billion | -685.8% |
| 2023 | 1.81 billion | +38.6% |
| 2024 | 1.80 billion | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 571.63 million | 424.87 million | 769.92 million | 5 |
| 2010s | 978.33 million | 578.30 million | 1.75 billion | 10 |
| 2020s | 994.89 million | -222.80 million | 1.81 billion | 5 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Net domestic credit (current LCU), per capita 711,957 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 88.96 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 4.42 billion SDR (2025)
- Reserves excluding gold 4.60 billion SDR (2025)
- Total reserves (gold at market value) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Jamaica?
- Services balance (credit less debit), net (credits less debits) in Jamaica was 1.80 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The highest recorded value was 1.81 billion in 2023.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Jamaica?
- The lowest recorded value was -222.80 million in 2021.
- How does Jamaica rank for services balance (credit less debit), net (credits less debits)?
- Jamaica ranks 60th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Jamaica?
- Over the last ten years it is up 154.2%. 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 Services 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.