Current Account in Jamaica

Jamaica Current Account | Economic News & Forecasts

Jamaica - Current Account

The economy got off to a soft start to the year due to domestic and foreign demand weakness. The tourism sector saw yet another drop in tourist arrivals in January. In the same month, exports plummeted at a double-digit rate for the eighth-consecutive month. Meanwhile, the Covid-19 pandemic and subsequent global lockdown will have weighed on tourism, trade and domestic activity towards the end of Q1 and into Q2. Meanwhile, the supplementary budget announced in mid-May envisages a larger fiscal shortfall due to cyclically shrinking revenues—forcing the government to implement spending cuts—and the IMF approved USD 520 million in emergency financial support.

Jamaica - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)-8.0  -3.0  -0.3  -2.6  -1.8  

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