Net trade in goods and services in Jamaica
Jamaica: Net trade in goods and services was -2.40 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Jamaica, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Jamaica is -2.40 billion BoP, current US$, measured in 2024.
That represents a change of up 7.3% on the previous year and up 21.3% over ten years.
Over the whole period, net trade in goods and services in Jamaica peaked at 94.20 million BoP, current US$ in 1986 and was at its lowest, -4.37 billion BoP, current US$, in 2008.
Jamaica ranks 149th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -47.33 million BoP, current US$ | -235.30 million BoP, current US$ | 66.70 million BoP, current US$ | 4 |
| 1980s | -190.03 million BoP, current US$ | -434.50 million BoP, current US$ | 94.20 million BoP, current US$ | 10 |
| 1990s | -340.86 million BoP, current US$ | -665.10 million BoP, current US$ | -26.30 million BoP, current US$ | 10 |
| 2000s | -2.08 billion BoP, current US$ | -4.37 billion BoP, current US$ | -838.30 million BoP, current US$ | 10 |
| 2010s | -2.64 billion BoP, current US$ | -3.54 billion BoP, current US$ | -1.84 billion BoP, current US$ | 10 |
| 2020s | -2.79 billion BoP, current US$ | -3.30 billion BoP, current US$ | -2.40 billion BoP, current US$ | 5 |
Countries ranked near Jamaica
- 146 Rwanda -2.25 billion BoP, current US$ compare
- 147 Suriname -2.32 billion BoP, current US$ compare
- 148 Malawi -2.39 billion BoP, current US$ compare
- 150 Montenegro -2.41 billion BoP, current US$ compare
- 151 Zimbabwe -2.46 billion BoP, current US$ compare
- 152 Tunisia -2.47 billion BoP, current US$ compare
More economy & growth data for Jamaica
- Agriculture, forestry, and fishing, value added 315.82 billion current LCU (2025)
- Inflation, consumer prices 4.0% (2025)
- GDP 17.32 billion constant 2015 US$ (2025)
- GDP 3.61 trillion current LCU (2025)
- GDP 22.70 billion current US$ (2025)
- Gross value added at basic prices (GVA) 1.72 trillion constant LCU (2025)
- Agriculture, forestry, and fishing, value added 2.9% (2025)
- Gross value added at basic prices (GVA) 14.69 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 131.99 billion constant LCU (2025)
- Total reserves minus gold 6.30 billion current US$ (2025)
Frequently asked questions
- What is net trade in goods and services in Jamaica?
- Net trade in goods and services in Jamaica was -2.40 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Jamaica?
- The highest recorded value was 94.20 million BoP, current US$ in 1986.
- What is the lowest net trade in goods and services recorded in Jamaica?
- The lowest recorded value was -4.37 billion BoP, current US$ in 2008.
- How does Jamaica rank for net trade in goods and services?
- Jamaica ranks 149th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Jamaica?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is volatile.
- Where does this Jamaica data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.