Current Account in Jamaica
Jamaica - Current AccountUnemployment continued to fall year-on-year through April, which, coupled with robust tourist arrivals growth in recent months, bodes well for the Q2 GDP outturn. The trade deficit, however, widened in the January–May period, due to a higher oil import bill and despite strong export growth. On 20 July, Moody’s upgraded Jamaica’s credit rating outlook from stable to positive, citing ongoing fiscal consolidation efforts, which have lowered the debt-to-GDP ratio and the interest burden. Moreover, moving from direct to indirect taxation has widened the tax base and further improved the macroeconomic outlook.
Jamaica - Current Account Data
|Current Account (% of GDP)||-9.5||-8.0||-3.0||-0.7||-|
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Jamaica Current Account Chart
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