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$, in 2008.
That places Jamaica 54th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Jamaica, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -263.80 million BoP, current US$ | — |
| 1977 | -12.70 million BoP, current US$ | -95.2% |
| 1978 | -21.70 million BoP, current US$ | +70.9% |
| 1979 | -106.50 million BoP, current US$ | +390.8% |
| 1980 | -136.10 million BoP, current US$ | +27.8% |
| 1981 | -306.80 million BoP, current US$ | +125.4% |
| 1982 | -378.22 million BoP, current US$ | +23.3% |
| 1983 | -335.09 million BoP, current US$ | -11.4% |
| 1984 | -312.11 million BoP, current US$ | -6.9% |
| 1985 | -270.62 million BoP, current US$ | -13.3% |
| 1986 | -16.05 million BoP, current US$ | -94.1% |
| 1987 | -124.79 million BoP, current US$ | +677.3% |
| 1988 | 47.49 million BoP, current US$ | -138.1% |
| 1989 | -282.41 million BoP, current US$ | -694.6% |
| 1990 | -312.10 million BoP, current US$ | +10.5% |
| 1991 | -240.10 million BoP, current US$ | -23.1% |
| 1992 | 28.50 million BoP, current US$ | -111.9% |
| 1993 | -184.01 million BoP, current US$ | -745.6% |
| 1994 | 81.60 million BoP, current US$ | -144.3% |
| 1995 | -98.90 million BoP, current US$ | -221.2% |
| 1996 | -142.60 million BoP, current US$ | +44.2% |
| 1997 | -332.20 million BoP, current US$ | +133.0% |
| 1998 | -333.80 million BoP, current US$ | +0.5% |
| 1999 | -216.30 million BoP, current US$ | -35.2% |
| 2000 | -367.40 million BoP, current US$ | +69.9% |
| 2001 | -758.80 million BoP, current US$ | +106.5% |
| 2002 | -1.07 billion BoP, current US$ | +41.5% |
| 2003 | -773.36 million BoP, current US$ | -28.0% |
| 2004 | -501.56 million BoP, current US$ | -35.1% |
| 2005 | -1.07 billion BoP, current US$ | +113.6% |
| 2006 | -1.18 billion BoP, current US$ | +10.4% |
| 2007 | -2.04 billion BoP, current US$ | +72.3% |
| 2008 | -2.79 billion BoP, current US$ | +37.0% |
| 2009 | -1.13 billion BoP, current US$ | -59.6% |
| 2010 | -934.00 million BoP, current US$ | -17.2% |
| 2011 | -2.06 billion BoP, current US$ | +120.9% |
| 2012 | -1.44 billion BoP, current US$ | -30.2% |
| 2013 | -1.36 billion BoP, current US$ | -5.8% |
| 2014 | -1.11 billion BoP, current US$ | -17.9% |
| 2015 | -430.10 million BoP, current US$ | -61.4% |
| 2016 | -43.46 million BoP, current US$ | -89.9% |
| 2017 | -397.48 million BoP, current US$ | +814.5% |
| 2018 | -234.83 million BoP, current US$ | -40.9% |
| 2019 | -302.63 million BoP, current US$ | +28.9% |
| 2020 | -156.91 million BoP, current US$ | -48.2% |
| 2021 | 149.26 million BoP, current US$ | -195.1% |
| 2022 | -136.40 million BoP, current US$ | -191.4% |
| 2023 | 568.93 million BoP, current US$ | -517.1% |
| 2024 | 678.81 million BoP, current US$ | +19.3% |
Jamaica compared with similar countries
- Jamaica's 678.81 million BoP, current US$ is above the median for upper middle income countries, which is -814.98 million BoP, current US$. (57 countries reporting)
- Jamaica's 678.81 million BoP, current US$ is above the median for Latin America & Caribbean, which is -281.35 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | -814.5% | -43.46 million BoP, current US$ | -397.48 million BoP, current US$ |
| 1993 | -745.6% | 28.50 million BoP, current US$ | -184.01 million BoP, current US$ |
| 1989 | -694.6% | 47.49 million BoP, current US$ | -282.41 million BoP, current US$ |
| 1987 | -677.3% | -16.05 million BoP, current US$ | -124.79 million BoP, current US$ |
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.07 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.3763 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 305.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -38.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0139 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 107.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Jamaica?
- Current account balance in Jamaica was 678.81 million BoP, current US$ 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 200 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.