Net errors and omissions in Jamaica
Jamaica: Net errors and omissions was 459.56 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
459.56 million BoP, current US$
Change on year
up 18.1%
World rank
48th
of 199 countries
All-time high
951.11 million BoP, current US$
in 2012
All-time low
-1.16 billion BoP, current US$
in 2018
Years of data
49
1976–2024
Net errors and omissions in Jamaica, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Jamaica is 459.56 million BoP, current US$, measured in 2024.
The figure is up 18.1% on the previous year and up 169.9% over ten years.
Over the whole period, net errors and omissions in Jamaica peaked at 951.11 million BoP, current US$ in 2012 and was at its lowest, -1.16 billion BoP, current US$, in 2018.
Jamaica ranks 48th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Jamaica, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 4.80 million BoP, current US$ | — |
| 1977 | -30.60 million BoP, current US$ | -737.5% |
| 1978 | 7.60 million BoP, current US$ | -124.8% |
| 1979 | -36.70 million BoP, current US$ | -582.9% |
| 1980 | -58.40 million BoP, current US$ | +59.1% |
| 1981 | -27.11 million BoP, current US$ | -53.6% |
| 1982 | -7.28 million BoP, current US$ | -73.2% |
| 1983 | -20.90 million BoP, current US$ | +187.2% |
| 1984 | -84.03 million BoP, current US$ | +302.1% |
| 1985 | -13.95 million BoP, current US$ | -83.4% |
| 1986 | 57.78 million BoP, current US$ | -514.1% |
| 1987 | 67.73 million BoP, current US$ | +17.2% |
| 1988 | -61.09 million BoP, current US$ | -190.2% |
| 1989 | 8.31 million BoP, current US$ | -113.6% |
| 1990 | -12.90 million BoP, current US$ | -255.2% |
| 1991 | -38.10 million BoP, current US$ | +195.3% |
| 1992 | -62.60 million BoP, current US$ | +64.3% |
| 1993 | 36.91 million BoP, current US$ | -159.0% |
| 1994 | -18.40 million BoP, current US$ | -149.9% |
| 1995 | -10.20 million BoP, current US$ | -44.6% |
| 1996 | 13.90 million BoP, current US$ | -236.3% |
| 1997 | 400,000 BoP, current US$ | -97.1% |
| 1998 | 31.60 million BoP, current US$ | +7800.0% |
| 1999 | -16.20 million BoP, current US$ | -151.3% |
| 2000 | 20.90 million BoP, current US$ | -229.0% |
| 2001 | -39.80 million BoP, current US$ | -290.4% |
| 2002 | -79.87 million BoP, current US$ | +100.7% |
| 2003 | 12.71 million BoP, current US$ | -115.9% |
| 2004 | -33.32 million BoP, current US$ | -362.1% |
| 2005 | -1.61 million BoP, current US$ | -95.2% |
| 2006 | 70.74 million BoP, current US$ | -4494.8% |
| 2007 | 303.28 million BoP, current US$ | +328.7% |
| 2008 | -380.54 million BoP, current US$ | -225.5% |
| 2009 | 103.07 million BoP, current US$ | -127.1% |
| 2010 | 149.48 million BoP, current US$ | +45.0% |
| 2011 | 557.41 million BoP, current US$ | +272.9% |
| 2012 | 951.11 million BoP, current US$ | +70.6% |
| 2013 | 499.22 million BoP, current US$ | -47.5% |
| 2014 | 170.28 million BoP, current US$ | -65.9% |
| 2015 | -1.12 billion BoP, current US$ | -756.9% |
| 2016 | 337.31 million BoP, current US$ | -130.2% |
| 2017 | -1.06 billion BoP, current US$ | -413.3% |
| 2018 | -1.16 billion BoP, current US$ | +9.9% |
| 2019 | -266.43 million BoP, current US$ | -77.1% |
| 2020 | -1.66 million BoP, current US$ | -99.4% |
| 2021 | -88.91 million BoP, current US$ | +5254.1% |
| 2022 | -391.37 million BoP, current US$ | +340.2% |
| 2023 | 389.21 million BoP, current US$ | -199.4% |
| 2024 | 459.56 million BoP, current US$ | +18.1% |
Jamaica compared with similar countries
- Jamaica's 459.56 million BoP, current US$ is above the median for upper middle income countries, which is 2.76 million BoP, current US$, 166.4× the median. (57 countries reporting)
- Jamaica's 459.56 million BoP, current US$ is above the median for Latin America & Caribbean, which is -31.77 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +7800.0% | 400,000 BoP, current US$ | 31.60 million BoP, current US$ |
| 2021 | -5254.1% | -1.66 million BoP, current US$ | -88.91 million BoP, current US$ |
| 2006 | +4494.8% | -1.61 million BoP, current US$ | 70.74 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -13.72 million BoP, current US$ | -36.70 million BoP, current US$ | 7.60 million BoP, current US$ | 4 |
| 1980s | -13.89 million BoP, current US$ | -84.03 million BoP, current US$ | 67.73 million BoP, current US$ | 10 |
| 1990s | -7.56 million BoP, current US$ | -62.60 million BoP, current US$ | 36.91 million BoP, current US$ | 10 |
| 2000s | -2.44 million BoP, current US$ | -380.54 million BoP, current US$ | 303.28 million BoP, current US$ | 10 |
| 2010s | -93.88 million BoP, current US$ | -1.16 billion BoP, current US$ | 951.11 million BoP, current US$ | 10 |
| 2020s | 73.37 million BoP, current US$ | -391.37 million BoP, current US$ | 459.56 million BoP, current US$ | 5 |
Countries ranked near Jamaica
- 45 Croatia 464.30 million BoP, current US$ compare
- 46 Costa Rica 463.12 million BoP, current US$ compare
- 47 Palestine 461.79 million BoP, current US$ compare
- 49 Tunisia 453.89 million BoP, current US$ compare
- 50 Gabon 452.22 million BoP, current US$ compare
- 51 Honduras 403.37 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$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Jamaica?
- Net errors and omissions in Jamaica was 459.56 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Jamaica?
- The highest recorded value was 951.11 million BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Jamaica?
- The lowest recorded value was -1.16 billion BoP, current US$ in 2018.
- How does Jamaica rank for net errors and omissions?
- Jamaica ranks 48th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Jamaica?
- Over the last ten years it is up 169.9%. 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 Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. 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.