Jamaica recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Jamaica averaged -8.02 percent from 1998 until 2018, 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 May of 2020.

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
-2.80 -2.60 -1.20 -20.40 1998 - 2018 percent Yearly

Jamaica Trade Last Previous Highest Lowest Unit
Balance of Trade -1147417.65 -1176306.38 -121925.00 -1682374.89 USD Thousand [+]
Current Account -20.56 -141.80 153.47 -536.06 USD Million [+]
Current Account to GDP -2.80 -2.60 -1.20 -20.40 percent [+]
Imports 1533478.91 1650616.35 2437559.33 395093.00 USD Thousand [+]
Exports 386061.26 474309.97 796370.98 244067.00 USD Thousand [+]
Remittances 2415.10 2345.80 2415.10 968.00 USD Million [+]
Terrorism Index 0.47 1.09 1.09 0.00 [+]
Tourist Arrivals 487391.00 328919.00 487651.00 102095.00 people [+]
Capital Flows -489.68 -87.20 2187.69 -689.27 USD Million [+]
External Debt 14071.76 14040.53 14754.06 8782.88 USD Million [+]
Foreign Direct Investment 148.00 169.00 273.82 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.