Current Account in Jamaica

Jamaica Current Account | Economic News & Forecasts

Jamaica - Current Account

Economic momentum appears to have carried into 2019, after growth hit a 12-year high in 2018. Total tourist arrivals rose modestly in Q1, supported by surging stopover arrivals from the U.S. and Canada. In addition, the employed labor force increased in January and the unemployment rate fell to a fifty-year low, which should have supported consumer spending. On the external front, merchandise exports increased at a solid pace in January, thanks to higher raw material and food shipments; however, larger crude oil imports led the trade deficit to widen. Meanwhile, in April, the IMF recommended making public-sector compensation more performance-based and upgrading the governance of public bodies to improve fiscal sustainability.

Jamaica - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.5  -8.0  -3.0  -0.7  -     

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