Total reserves in months of imports in Jamaica
Jamaica: Total reserves in months of imports was 6.47 in 2024. ◆ Volatile
Total reserves in months of imports in Jamaica, 1976–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
Jamaica recorded 6.47 for total reserves in months of imports in 2024.
That represents a change of up 18.6% on the previous year and up 75.4% over ten years.
Over the whole period, total reserves in months of imports in Jamaica peaked at 7.08 in 2021 and was at its lowest, 0.3106, in 1976.
That places Jamaica 44th out of 179 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in months of imports in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 0.3106 | — |
| 1977 | 0.5572 | +79.4% |
| 1978 | 0.5667 | +1.7% |
| 1979 | 0.58 | +2.4% |
| 1980 | 0.7508 | +29.4% |
| 1981 | 0.5212 | -30.6% |
| 1982 | 0.6794 | +30.3% |
| 1983 | 0.424 | -37.6% |
| 1984 | 0.6506 | +53.4% |
| 1985 | 1.08 | +66.3% |
| 1986 | 0.7393 | -31.7% |
| 1987 | 1.07 | +45.3% |
| 1988 | 0.7864 | -26.8% |
| 1989 | 0.4618 | -41.3% |
| 1990 | 0.6892 | +49.3% |
| 1991 | 0.4616 | -33.0% |
| 1992 | 1.48 | +221.1% |
| 1993 | 1.64 | +10.5% |
| 1994 | 2.52 | +53.6% |
| 1995 | 1.93 | -23.5% |
| 1996 | 2.5 | +29.6% |
| 1997 | 1.82 | -27.2% |
| 1998 | 1.89 | +4.0% |
| 1999 | 1.48 | -21.9% |
| 2000 | 2.54 | +72.3% |
| 2001 | 4.35 | +71.0% |
| 2002 | 3.52 | -19.0% |
| 2003 | 2.51 | -28.6% |
| 2004 | 3.62 | +44.1% |
| 2005 | 3.73 | +3.1% |
| 2006 | 3.44 | -7.9% |
| 2007 | 2.33 | -32.2% |
| 2008 | 1.94 | -16.8% |
| 2009 | 3.43 | +77.0% |
| 2010 | 4.17 | +21.6% |
| 2011 | 3.2 | -23.4% |
| 2012 | 2.87 | -10.4% |
| 2013 | 2.69 | -6.2% |
| 2014 | 3.69 | +37.4% |
| 2015 | 4.75 | +28.7% |
| 2016 | 5.53 | +16.4% |
| 2017 | 5.7 | +3.1% |
| 2018 | 4.8 | -15.8% |
| 2019 | 4.77 | -0.5% |
| 2020 | 7.04 | +47.5% |
| 2021 | 7.08 | +0.5% |
| 2022 | 5.15 | -27.2% |
| 2023 | 5.45 | +5.9% |
| 2024 | 6.47 | +18.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5036 | 0.3106 | 0.58 | 4 |
| 1980s | 0.717 | 0.424 | 1.08 | 10 |
| 1990s | 1.64 | 0.4616 | 2.52 | 10 |
| 2000s | 3.14 | 1.94 | 4.35 | 10 |
| 2010s | 4.22 | 2.69 | 5.7 | 10 |
| 2020s | 6.24 | 5.15 | 7.08 | 5 |
Countries ranked near Jamaica
- 41 Haiti 6.77 compare
- 42 Bhutan 6.61 compare
- 43 Bosnia and Herzegovina 6.49 compare
- 45 Republic of Korea 6.46 compare
- 46 South Africa 6.22 compare
- 47 Serbia 6.16 compare
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 total reserves in months of imports in Jamaica?
- Total reserves in months of imports in Jamaica was 6.47 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Jamaica?
- The highest recorded value was 7.08 in 2021.
- What is the lowest total reserves in months of imports recorded in Jamaica?
- The lowest recorded value was 0.3106 in 1976.
- How does Jamaica rank for total reserves in months of imports?
- Jamaica ranks 44th out of 179 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Jamaica?
- Over the last ten years it is up 75.4%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].