Jamaica Current Account to GDP

Jamaica recorded a Current Account deficit of 11.90 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Jamaica is reported by the Caricom Regional Statistics. From 2005 until 2012, Jamaica Current Account to GDP averaged -12.2 Percent reaching an all time high of -6.9 Percent in December of 2010 and a record low of -20.1 Percent in December of 2008. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-11.90 -14.30 -6.90 -20.10 -11.70 | 2014/06 2005 - 2012 Percent Yearly

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Jamaica Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -975800.00 2013-09-30 -856900.00 -496609.00 -1764428.00 -847401.50 2014-06-30 USD Thousand [+]
Current Account -409.30 2013-09-30 -206.70 2793.30 -2124.00 -204.84 2014-06-30 USD Million [+]
Current Account to GDP -11.90 2012-12-31 -14.30 -6.90 -20.10 -11.70 2014-06-30 Percent [+]
Exports 365100.00 2013-09-30 394000.00 796371.00 308216.00 355883.92 2014-06-30 USD Thousand [+]
Imports 1340900.00 2013-09-30 1250800.00 2468828.00 826359.00 1202069.64 2014-06-30 USD Thousand [+]
Remittances 2038.00 2012-12-31 2025.00 2038.00 968.00 2053.23 2014-06-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Jamaica Youth Unemployment Rate at 5.60 Percent  
Youth Unemployment Rate in Jamaica decreased to 5.60 percent in February of 2014 from 6.10 percent in January of 2014. Youth Unemployment Rate in Jamaica is reported by the Ministry of Internal Affairs & Communications.
Jamaica GDP Annual Growth Rate at 1.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 1.80 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Sales Tax Rate | VAT at 16.50 Percent  
The Sales Tax Rate in Jamaica stands at 16.50 percent. Sales Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Inflation Rate at 8.60 Percent  
The inflation rate in Jamaica was recorded at 8.60 percent in February of 2014. Inflation Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica GDP Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 0.80 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Balance of Trade at -975800.00 USD Thousand  
Jamaica recorded a trade deficit of 975800 USD Thousand in the third quarter of 2013. Balance of Trade in Jamaica is reported by the Bank of Jamaica.
Jamaica Interest Rate at 5.75 Percent  
The benchmark interest rate in Jamaica was last recorded at 5.75 percent. Interest Rate in Jamaica is reported by the Bank of Jamaica.
Jamaica Government Budget at -1.90 Percent of GDP  
Jamaica recorded a Government Budget deficit equal to 1.90 percent of the countrys Gross Domestic Product in 2011. Government Budget in Jamaica is reported by the Caribbean Centre for Money and Finance.
Jamaica Current Account at -409.30 USD Million  
Jamaica recorded a Current Account deficit of 409.30 USD Million in the third quarter of 2013. Current Account in Jamaica is reported by the Bank of Jamaica.
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