Jamaica recorded a Current Account deficit of 1.90 percent of the country's Gross Domestic Product in 2019. source: Bank of Jamaica

Current Account to GDP in Jamaica averaged -7.70 percent from 1998 until 2019, reaching an all time high of -1.20 percent in 2016 and a record low of -20.40 percent in 2008. This page provides - Jamaica Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Jamaica is expected to reach -2.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Current Account to GDP is projected to trend around -2.50 percent in 2021 and -2.80 percent in 2022, according to our econometric models.

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Jamaica Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -1.80 -1.20 -20.40 1998 - 2019 percent Yearly

Jamaica Trade Last Previous Highest Lowest Unit
Balance of Trade -723505.76 -958769.73 -121925.00 -1682374.89 USD Thousand [+]
Current Account -105.92 -30.20 153.47 -536.06 USD Million [+]
Current Account to GDP -1.90 -1.80 -1.20 -20.40 percent [+]
Imports 984354.78 1338404.36 2437559.33 395093.00 USD Thousand [+]
Exports 260849.03 379634.63 796370.98 244067.00 USD Thousand [+]
Remittances 2415.10 2345.80 2415.10 968.00 USD Million [+]
Terrorism Index 0.23 0.47 1.09 0.00 [+]
Tourist Arrivals 7188.00 0.00 487651.00 0.00 people [+]
Capital Flows -188.63 312.35 2088.25 -679.40 USD Million [+]
External Debt 12708.61 13337.25 14754.06 8842.61 USD Million [+]
Foreign Direct Investment 89.88 102.50 273.82 68.70 USD Million [+]


Jamaica Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.