Current Account in Jamaica
Jamaica - Current AccountThe economy is expected to have continued growing at a meek pace in the three months ending in September. This comes amid a steeper plunge in tourist arrivals in the third quarter compared to the second, which will have weighed on services exports, while adverse weather conditions likely hurt the agricultural sector. Moreover, the trade deficit widened in the first eight months of the year compared to the same period last year on a drop in merchandise exports. Meanwhile, in early November the IMF applauded the government’s reform efforts as Jamaica exited the standby arrangement with the Fund, which, according to the Fund, strengthened the economy and lifted the economy’s growth potential. In other news, Jamaica and China pledged to strengthen their trade ties, which should boost exports and see greater investment inflows through private-sector joint-ventures.
Jamaica - Current Account Data
|Current Account (% of GDP)||-9.6||-8.0||-3.0||-0.3||-2.6|
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Jamaica Current Account Chart
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