Current Account in Jamaica

Jamaica Current Account | Economic News & Forecasts

Jamaica - Current Account

Unemployment 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.5  -8.0  -3.0  -0.7  -     

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