Jamaica Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Jamaica's current account balance was 1.84% in 2025, ranked 48th globally. This represents a 40.2% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Jamaica's current account balance stood at 1.84% in 2025, a decline of +1.24% from 2024. The IMF projects 1.84% by 2025. Jamaica ranked 48th globally.
Jamaica's current account balance has exhibited significant fluctuations over the past 50 years, with the country experiencing both substantial deficits and surpluses. The all-time trough of -20.37 in 2008 reflects the severe impact of the global financial crisis on Jamaica's export-oriented economy. Conversely, the island nation reached its highest current account balance of 3.08 in 2024, a notable achievement that places it among the top 50 countries globally. The current account balance stood at 1.84 in 2025, a respectable figure that outpaces Portugal's 1.81, a peer country. This turnaround can be attributed to Jamaica's efforts to diversify its economy and boost foreign exchange earnings through non-traditional sectors. However, Jamaica's current account balance remains vulnerable to external shocks, such as fluctuations in global commodity prices, which could potentially disrupt the island nation's economic trajectory, necessitating sustained fiscal discipline and prudent monetary policy to maintain the current balance.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 0.27% | - | - |
| 2029* IMF | 0.05% | - | - |
| 2028* IMF | -0.24% | - | - |
| 2027* IMF | -0.13% | - | - |
| 2026* IMF | 0.37% | - | - |
| 2025* IMF | 1.84% | - | - |
| 2025 | 1.84% | −1.24% | #48 |
| 2024 | 3.08% | +0.41% | #142 |
| 2023 | 2.66% | +3.38% | #146 |
| 2022 | -0.73% | −1.66% | #121 |
| 2021 | 0.93% | +1.98% | #131 |
| 2020 | -1.05% | +0.73% | #105 |
| 2019 | -1.78% | −0.38% | #103 |
| 2018 | -1.39% | +1.13% | #118 |
| 2017 | -2.52% | −2.23% | #90 |
| 2016 | -0.29% | +2.59% | #137 |
| 2015 | -2.87% | +4.96% | #95 |
| 2014 | -8.02% | +1.29% | #41 |
| 2013 | -9.51% | −0.01% | #42 |
| 2012 | -9.73% | +3.56% | #41 |
| 2011 | -14.28% | −7.38% | #21 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's current account balance was 1.84% in 2025. Ranked 48th globally. This represents a 40.2% decrease from the previous year.
Jamaica's current account balance peaked at 3.08% in 2024.
The lowest current account balance in Jamaica was -20.37% in 2008.
Jamaica ranks 48th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Jamaica's current account balance is projected to reach 1.84% by 2025 based on IMF projection.
The current account balance of Jamaica in 2025 was 1.84%. This ranks 48th in the world.
Cite this page
@misc{historysaid_jamaica_current-account,
title = {Jamaica Current Account Balance},
url = {https://historysaid.com/jamaica/current-account/},
publisher = {HistorySaid},
year = {2026}
}