Jamaica Current Account to GDP
Jamaica recorded a Current Account deficit of 10 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Jamaica averaged -11.94 Percent from 2005 until 2013, reaching an all time high of -7.10 Percent in 2010 and a record low of -20.40 Percent in 2008. Current Account to GDP in Jamaica is reported by the Bank of Jamaica.
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The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Jamaica Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.