Current account balance as a share of GDP in Jamaica
Jamaica: Current account balance as a share of GDP was 3.1% in 2024. ◆ Volatile
Current account balance as a share of GDP in Jamaica, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Jamaica recorded 3.1% for current account balance as a share of gdp in 2024. That is the highest value across all 25 years on record.
That represents a change of up 15.8% on the previous year and up 138.4% over ten years.
Over the whole period, current account balance as a share of gdp in Jamaica peaked at 3.1% in 2024 and was at its lowest, -20.4%, in 2008.
That places Jamaica 52nd out of 193 countries with data for 2024, putting it 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 share of GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -4.1% | — |
| 2001 | -8.2% | +102.2% |
| 2002 | -11.1% | +33.9% |
| 2003 | -8.2% | -25.8% |
| 2004 | -4.9% | -39.9% |
| 2005 | -9.5% | +93.3% |
| 2006 | -9.9% | +4.0% |
| 2007 | -15.9% | +60.6% |
| 2008 | -20.4% | +28.0% |
| 2009 | -9.3% | -54.3% |
| 2010 | -7.1% | -24.1% |
| 2011 | -14.3% | +102.3% |
| 2012 | -9.7% | -31.9% |
| 2013 | -9.5% | -2.3% |
| 2014 | -8.0% | -15.7% |
| 2015 | -2.9% | -64.2% |
| 2016 | -0.3% | -89.9% |
| 2017 | -2.5% | +769.0% |
| 2018 | -1.4% | -44.8% |
| 2019 | -1.8% | +28.1% |
| 2020 | -1.1% | -41.0% |
| 2021 | 0.9% | -188.6% |
| 2022 | -0.7% | -178.5% |
| 2023 | 2.7% | -464.4% |
| 2024 | 3.1% | +15.8% |
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% | -1.1% | 3.1% | 5 |
Countries ranked near Jamaica
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)
- Manufacturing, value added (constant LCU), per capita 57,275 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.93 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1628 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,303 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 3.66 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.91 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 207,318 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.145 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Jamaica?
- Current account balance as a share of gdp in Jamaica was 3.1% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Jamaica?
- The highest recorded value was 3.1% in 2024.
- What is the lowest current account balance as a share of gdp recorded in Jamaica?
- The lowest recorded value was -20.4% in 2008.
- How does Jamaica rank for current account balance as a share of gdp?
- Jamaica ranks 52nd out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Jamaica?
- Over the last ten years it is up 138.4%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).