Current account balance as a proportion of GDP in Jamaica
Jamaica: Current account balance as a proportion of GDP was 3.1% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Jamaica, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Jamaica is 3.1%, measured in 2024. That is the highest value across all 25 years on record.
That represents a change of up 16.1% on the previous year and up 138.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in Jamaica peaked at 3.1% in 2024 and was at its lowest, -20.4%, in 2008.
Jamaica ranks 54th of 204 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.
Current account balance as a proportion of GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -4.1% | — |
| 2001 | -8.3% | +102.3% |
| 2002 | -11.1% | +33.9% |
| 2003 | -8.2% | -25.8% |
| 2004 | -4.9% | -39.9% |
| 2005 | -9.5% | +93.3% |
| 2006 | -9.9% | +4.1% |
| 2007 | -15.9% | +60.6% |
| 2008 | -20.4% | +28.0% |
| 2009 | -9.3% | -54.3% |
| 2010 | -7.1% | -24.1% |
| 2011 | -14.3% | +102.2% |
| 2012 | -9.7% | -31.9% |
| 2013 | -9.5% | -2.2% |
| 2014 | -8.0% | -15.7% |
| 2015 | -2.9% | -64.1% |
| 2016 | -0.3% | -89.9% |
| 2017 | -2.5% | +763.3% |
| 2018 | -1.4% | -44.7% |
| 2019 | -1.8% | +27.6% |
| 2020 | -1.0% | -41.1% |
| 2021 | 0.9% | -189.4% |
| 2022 | -0.7% | -177.5% |
| 2023 | 2.7% | -466.4% |
| 2024 | 3.1% | +16.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.2% | -20.4% | -4.1% | 10 |
| 2010s | -5.7% | -14.3% | -0.3% | 10 |
| 2020s | 1.0% | -1.0% | 3.1% | 5 |
Countries ranked near Jamaica
- 51 Lao People's Democratic Republic 3.2% compare
- 51 Lao People's Democratic Republic 3.2% compare
- 53 Spain 3.2% compare
- 55 Iraq 3.0% compare
- 56 Russian Federation 2.9% compare
- 56 Russian Federation 2.9% compare
More economy & growth data for Jamaica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.6 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.08 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 13.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 111,319 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0497 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 397.73 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 5.81 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Jamaica?
- Current account balance as a proportion of gdp in Jamaica was 3.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Jamaica?
- The highest recorded value was 3.1% in 2024.
- What is the lowest current account balance as a proportion of gdp recorded in Jamaica?
- The lowest recorded value was -20.4% in 2008.
- How does Jamaica rank for current account balance as a proportion of gdp?
- Jamaica ranks 54th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Jamaica?
- Over the last ten years it is up 138.5%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).