Net trade in goods and services in Jamaica
Jamaica: Net trade in goods and services was -2.40 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-2.40 billion BoP, current US$
Change on year
up 7.3%
World rank
149th
of 200 countries
All-time high
94.20 million BoP, current US$
in 1986
All-time low
-4.37 billion BoP, current US$
in 2008
Years of data
49
1976–2024
Net trade in goods and services in Jamaica, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Jamaica is -2.40 billion BoP, current US$, measured in 2024.
That represents a change of up 7.3% on the previous year and up 21.3% over ten years.
Over the whole period, net trade in goods and services in Jamaica peaked at 94.20 million BoP, current US$ in 1986 and was at its lowest, -4.37 billion BoP, current US$, in 2008.
Jamaica ranks 149th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Jamaica, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -235.30 million BoP, current US$ | — |
| 1977 | 31.30 million BoP, current US$ | -113.3% |
| 1978 | 66.70 million BoP, current US$ | +113.1% |
| 1979 | -52.00 million BoP, current US$ | -178.0% |
| 1980 | -44.70 million BoP, current US$ | -14.0% |
| 1981 | -298.90 million BoP, current US$ | +568.7% |
| 1982 | -378.50 million BoP, current US$ | +26.6% |
| 1983 | -301.70 million BoP, current US$ | -20.3% |
| 1984 | -186.40 million BoP, current US$ | -38.2% |
| 1985 | -241.00 million BoP, current US$ | +29.3% |
| 1986 | 94.20 million BoP, current US$ | -139.1% |
| 1987 | 30.40 million BoP, current US$ | -67.7% |
| 1988 | -139.20 million BoP, current US$ | -557.9% |
| 1989 | -434.50 million BoP, current US$ | +212.1% |
| 1990 | -173.00 million BoP, current US$ | -60.2% |
| 1991 | -69.80 million BoP, current US$ | -59.7% |
| 1992 | -35.00 million BoP, current US$ | -49.9% |
| 1993 | -377.91 million BoP, current US$ | +979.7% |
| 1994 | -26.30 million BoP, current US$ | -93.0% |
| 1995 | -335.20 million BoP, current US$ | +1174.5% |
| 1996 | -541.50 million BoP, current US$ | +61.5% |
| 1997 | -665.10 million BoP, current US$ | +22.8% |
| 1998 | -653.70 million BoP, current US$ | -1.7% |
| 1999 | -531.10 million BoP, current US$ | -18.8% |
| 2000 | -838.30 million BoP, current US$ | +57.8% |
| 2001 | -1.24 billion BoP, current US$ | +47.3% |
| 2002 | -1.56 billion BoP, current US$ | +26.0% |
| 2003 | -1.39 billion BoP, current US$ | -10.6% |
| 2004 | -1.37 billion BoP, current US$ | -1.9% |
| 2005 | -1.97 billion BoP, current US$ | +44.6% |
| 2006 | -2.32 billion BoP, current US$ | +17.3% |
| 2007 | -3.42 billion BoP, current US$ | +47.5% |
| 2008 | -4.37 billion BoP, current US$ | +28.1% |
| 2009 | -2.32 billion BoP, current US$ | -47.0% |
| 2010 | -2.45 billion BoP, current US$ | +5.7% |
| 2011 | -3.54 billion BoP, current US$ | +44.6% |
| 2012 | -3.33 billion BoP, current US$ | -6.0% |
| 2013 | -3.18 billion BoP, current US$ | -4.4% |
| 2014 | -3.05 billion BoP, current US$ | -4.1% |
| 2015 | -2.30 billion BoP, current US$ | -24.7% |
| 2016 | -1.84 billion BoP, current US$ | -20.0% |
| 2017 | -2.36 billion BoP, current US$ | +28.3% |
| 2018 | -2.09 billion BoP, current US$ | -11.3% |
| 2019 | -2.28 billion BoP, current US$ | +8.9% |
| 2020 | -2.66 billion BoP, current US$ | +17.0% |
| 2021 | -3.00 billion BoP, current US$ | +12.8% |
| 2022 | -3.30 billion BoP, current US$ | +9.9% |
| 2023 | -2.59 billion BoP, current US$ | -21.6% |
| 2024 | -2.40 billion BoP, current US$ | -7.3% |
Jamaica compared with similar countries
- Jamaica's -2.40 billion BoP, current US$ is below the median for upper middle income countries, which is -288.45 million BoP, current US$, 8.3× the median. (57 countries reporting)
- Jamaica's -2.40 billion BoP, current US$ is below the median for Latin America & Caribbean, which is -99.96 million BoP, current US$, 24.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | -1174.5% | -26.30 million BoP, current US$ | -335.20 million BoP, current US$ |
| 1993 | -979.7% | -35.00 million BoP, current US$ | -377.91 million BoP, current US$ |
| 1981 | -568.7% | -44.70 million BoP, current US$ | -298.90 million BoP, current US$ |
| 1988 | -557.9% | 30.40 million BoP, current US$ | -139.20 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -47.33 million BoP, current US$ | -235.30 million BoP, current US$ | 66.70 million BoP, current US$ | 4 |
| 1980s | -190.03 million BoP, current US$ | -434.50 million BoP, current US$ | 94.20 million BoP, current US$ | 10 |
| 1990s | -340.86 million BoP, current US$ | -665.10 million BoP, current US$ | -26.30 million BoP, current US$ | 10 |
| 2000s | -2.08 billion BoP, current US$ | -4.37 billion BoP, current US$ | -838.30 million BoP, current US$ | 10 |
| 2010s | -2.64 billion BoP, current US$ | -3.54 billion BoP, current US$ | -1.84 billion BoP, current US$ | 10 |
| 2020s | -2.79 billion BoP, current US$ | -3.30 billion BoP, current US$ | -2.40 billion BoP, current US$ | 5 |
Countries ranked near Jamaica
- 146 Rwanda -2.25 billion BoP, current US$ compare
- 147 Suriname -2.32 billion BoP, current US$ compare
- 148 Malawi -2.39 billion BoP, current US$ compare
- 150 Montenegro -2.41 billion BoP, current US$ compare
- 151 Zimbabwe -2.46 billion BoP, current US$ compare
- 152 Tunisia -2.47 billion 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$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services in Jamaica?
- Net trade in goods and services in Jamaica was -2.40 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Jamaica?
- The highest recorded value was 94.20 million BoP, current US$ in 1986.
- What is the lowest net trade in goods and services recorded in Jamaica?
- The lowest recorded value was -4.37 billion BoP, current US$ in 2008.
- How does Jamaica rank for net trade in goods and services?
- Jamaica ranks 149th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Jamaica?
- Over the last ten years it is up 21.3%. 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.