Jamaica recorded a Current Account surplus of 0.20 percent of the country's Gross Domestic Product in 2020. source: Bank of Jamaica

Current Account to GDP in Jamaica averaged -7.35 percent of GDP from 1998 until 2020, reaching an all time high of 0.20 percent of GDP in 2020 and a record low of -20.40 percent of GDP 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 August of 2022.

Current Account to GDP in Jamaica is expected to reach -2.50 percent of GDP by the end of 2021, 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 -3.20 percent of GDP in 2022 and -2.60 percent of GDP in 2023, according to our econometric models.

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Jamaica Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -859730.64 -722723.74 USD Thousand Sep 2021
Current Account 42.10 234.60 USD Million Sep 2021
Current Account to GDP 0.20 -1.90 percent of GDP Dec 2020
Imports 1226920.40 1145268.25 USD Thousand Sep 2021
Exports 367189.76 422544.51 USD Thousand Sep 2021
Remittances 2905.00 2405.60 USD Million Dec 2020
External Debt 14447.45 14516.01 USD Million Dec 2021
Capital Flows 76.90 -11.30 USD Million Sep 2021
Foreign Direct Investment 118.40 59.40 USD Million Sep 2021
Tourist Arrivals 90164.00 49413.00 Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 -1.90 0.20 -20.40 1998 - 2020 percent of GDP Yearly