Current account balance in Jamaica
Jamaica: Current account balance was 678.81 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Jamaica, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Jamaica recorded 678.81 million BoP, current US$ for current account balance in 2024. That is the highest value across all 49 years on record.
The figure is up 19.3% on the previous year and up 160.9% over ten years.
Over the whole period, current account balance in Jamaica peaked at 678.81 million BoP, current US$ in 2024 and was at its lowest, -2.79 billion BoP, current US$, in 2008.
That places Jamaica 54th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -101.17 million BoP, current US$ | -263.80 million BoP, current US$ | -12.70 million BoP, current US$ | 4 |
| 1980s | -211.47 million BoP, current US$ | -378.22 million BoP, current US$ | 47.49 million BoP, current US$ | 10 |
| 1990s | -174.99 million BoP, current US$ | -333.80 million BoP, current US$ | 81.60 million BoP, current US$ | 10 |
| 2000s | -1.17 billion BoP, current US$ | -2.79 billion BoP, current US$ | -367.40 million BoP, current US$ | 10 |
| 2010s | -831.71 million BoP, current US$ | -2.06 billion BoP, current US$ | -43.46 million BoP, current US$ | 10 |
| 2020s | 220.74 million BoP, current US$ | -156.91 million BoP, current US$ | 678.81 million BoP, current US$ | 5 |
Countries ranked near Jamaica
- 51 Honduras 935.70 million BoP, current US$ compare
- 52 Lithuania 899.61 million BoP, current US$ compare
- 53 Nicaragua 817.62 million BoP, current US$ compare
- 55 Andorra 648.91 million BoP, current US$ compare
- 56 Djibouti 610.12 million BoP, current US$ compare
- 57 South Sudan 577.90 million BoP, current US$ compare
More economy & growth data for Jamaica
- Inflation of consumer prices 4.0% (2025)
- GDP per capita 6,106 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 7.7% (2025)
- Gross domestic product (GDP) 17.32 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,106 constant 2015 US$ (2025)
- DEC alternative conversion factor 159.1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 603.86 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 3.80 billion current US$ (2025)
- Taxes less subsidies on products 546.60 billion current LCU (2025)
- Taxes less subsidies on products 3.44 billion current US$ (2025)
Frequently asked questions
- What is current account balance in Jamaica?
- Current account balance in Jamaica was 678.81 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Jamaica?
- The highest recorded value was 678.81 million BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Jamaica?
- The lowest recorded value was -2.79 billion BoP, current US$ in 2008.
- How does Jamaica rank for current account balance?
- Jamaica ranks 54th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Jamaica?
- Over the last ten years it is up 160.9%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.