Jamaica recorded a Current Account surplus of 0.70 percent of the country's Gross Domestic Product in 2021. source: Bank of Jamaica

Current Account to GDP in Jamaica averaged -7.01 percent of GDP from 1998 until 2021, reaching an all time high of 0.70 percent of GDP in 2021 and a record low of -20.40 percent of GDP in 2008. This page provides - Jamaica Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Current Account to GDP - values, historical data and charts - was last updated on February of 2023.

Current Account to GDP in Jamaica is expected to reach -5.20 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Current Account to GDP is projected to trend around -2.60 percent of GDP in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Jamaica Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -1488220.82 -1502081.87 USD Thousand Jun 2022
Current Account 19.64 -333.04 USD Million Jun 2022
Current Account to GDP 0.70 -0.30 percent of GDP Dec 2021
Imports 1948732.95 1842632.74 USD Thousand Jun 2022
Exports 460512.13 340550.87 USD Thousand Jun 2022
Remittances 3497.10 2905.00 USD Million Dec 2021
Foreign Direct Investment 69.00 100.50 USD Million Jun 2022
External Debt 13795.27 14015.78 USD Million Jun 2022
Capital Flows 131.90 -530.03 USD Million Jun 2022
Tourist Arrivals 90164.00 49413.00 Dec 2020

Jamaica Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 -0.30 0.70 -20.40 1998 - 2021 percent of GDP Yearly