Net errors and omissions in Jamaica
Jamaica: Net errors and omissions was 459.56 million BoP, current US$ in 2024. ◆ Volatile
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$, in 2018.
Jamaica ranks 48th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -13.72 million BoP, current US$ | -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
- 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 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 197 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.
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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.