Current Account Balance: Jamaica
Jamaica's current account balance is currently 0.4 % of GDP as of 2026. # Jamaica Current Account Balance Jamaica's current account balance stands at 0.
Current (2026)
0.4 % of GDP
-77.8% y/y
Peak (2024)
3.1 % of GDP
Low (2008)
-19.8 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Jamaica
1980 — 2026
Current Account Balance — Jamaica
Analysis# Jamaica Current Account Balance
Jamaica's current account balance stands at 0.4% of GDP in 2026, representing a substantial recovery from its historic low of -19.8% in 2008. The metric has improved dramatically over the past 46 years, posting a total change of 108.9% since 1980. The all-time peak of 3.1% occurred in 2024, demonstrating Jamaica's capacity to achieve significant external account surpluses in recent years.
The period from 2021 onward marks a decisive turning point, with Jamaica shifting from persistent deficits into surplus territory. After registering negative balances throughout 2017-2020, the country swung to 0.9% in 2021 and climbed to 3.1% by 2024. The recent decline to 0.4% in 2026 suggests normalization after the exceptional 2024 peak, though the balance remains positive—indicating continued external stability relative to the crisis levels of the global financial crisis era.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 0.3 % of GDP | — |
| 2029 | 0 % of GDP | +100.00% |
| 2028 | -0.2 % of GDP | -100.00% |
| 2027 | -0.1 % of GDP | -125.00% |
| 2026 | 0.4 % of GDP | -77.78% |
| 2025 | 1.8 % of GDP | -41.94% |
| 2024 | 3.1 % of GDP | +14.81% |
| 2023 | 2.7 % of GDP | +485.71% |
| 2022 | -0.7 % of GDP | -177.78% |
| 2021 | 0.9 % of GDP | +190.00% |
| 2020 | -1 % of GDP | +44.44% |
| 2019 | -1.8 % of GDP | -28.57% |
| 2018 | -1.4 % of GDP | +44.00% |
| 2017 | -2.5 % of GDP | -733.33% |
| 2016 | -0.3 % of GDP | +89.66% |
| 2015 | -2.9 % of GDP | +62.82% |
| 2014 | -7.8 % of GDP | +16.13% |
| 2013 | -9.3 % of GDP | +2.11% |
| 2012 | -9.5 % of GDP | +28.57% |
| 2011 | -13.3 % of GDP | -92.75% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -6.9 % of GDP | +24.18% |
| 2009 | -9.1 % of GDP | +54.04% |
| 2008 | -19.8 % of GDP | -28.57% |
| 2007 | -15.4 % of GDP | -58.76% |
| 2006 | -9.7 % of GDP | -4.30% |
| 2005 | -9.3 % of GDP | -93.75% |
| 2004 | -4.8 % of GDP | +40.00% |
| 2003 | -8 % of GDP | +25.93% |
| 2002 | -10.8 % of GDP | -35.00% |
| 2001 | -8 % of GDP | -100.00% |
| 2000 | -4 % of GDP | -66.67% |
| 1999 | -2.4 % of GDP | +35.14% |
| 1998 | -3.7 % of GDP | +5.13% |
| 1997 | -3.9 % of GDP | -105.26% |
| 1996 | -1.9 % of GDP | -26.67% |
| 1995 | -1.5 % of GDP | -200.00% |
| 1994 | 1.5 % of GDP | +145.45% |
| 1993 | -3.3 % of GDP | -650.00% |
| 1992 | 0.6 % of GDP | +110.91% |
| 1991 | -5.5 % of GDP | +15.38% |
| 1990 | -6.5 % of GDP | +23.53% |
| 1989 | -8.5 % of GDP | -347.37% |
| 1988 | -1.9 % of GDP | +62.75% |
| 1987 | -5.1 % of GDP | -50.00% |
| 1986 | -3.4 % of GDP | +72.58% |
| 1985 | -12.4 % of GDP | -9.73% |
| 1984 | -11.3 % of GDP | -11.88% |
| 1983 | -10.1 % of GDP | +37.65% |
| 1982 | -16.2 % of GDP | -8.00% |
| 1981 | -15 % of GDP | -233.33% |
| 1980 | -4.5 % of GDP | — |
Related Data
Other Metrics
For Jamaica
Compare Current Account Balance
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Demographics
People & population data