Services, Debit/Expenditure in Jamaica
Jamaica: Services, Debit/Expenditure was 3.46 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Jamaica, 2005–2024
Source: International Monetary Fund.
Analysis
Jamaica recorded 3.46 billion for services, debit/expenditure in 2024.
The figure is down 0.2% on the previous year and up 54.0% over ten years.
Over the whole period, services, debit/expenditure in Jamaica peaked at 3.46 billion in 2023 and was at its lowest, 1.71 billion, in 2020.
Jamaica ranks 105th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.72 billion | — |
| 2006 | 2.02 billion | +17.4% |
| 2007 | 2.28 billion | +12.9% |
| 2008 | 2.37 billion | +3.7% |
| 2009 | 1.88 billion | -20.6% |
| 2010 | 1.82 billion | -3.0% |
| 2011 | 1.95 billion | +6.7% |
| 2012 | 2.18 billion | +11.9% |
| 2013 | 2.06 billion | -5.5% |
| 2014 | 2.24 billion | +9.0% |
| 2015 | 2.16 billion | -3.7% |
| 2016 | 2.17 billion | +0.5% |
| 2017 | 2.32 billion | +6.9% |
| 2018 | 2.41 billion | +3.7% |
| 2019 | 2.62 billion | +9.1% |
| 2020 | 1.71 billion | -34.7% |
| 2021 | 3.14 billion | +83.3% |
| 2022 | 3.22 billion | +2.4% |
| 2023 | 3.46 billion | +7.7% |
| 2024 | 3.46 billion | -0.2% |
Jamaica compared with similar countries
- Jamaica's 3.46 billion is below the median for upper middle income countries, which is 4.11 billion, 84% of the median. (54 countries reporting)
- Jamaica's 3.46 billion is above the median for Latin America & Caribbean, which is 2.54 billion, 1.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, Debit/Expenditure in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +83.3% | 1.71 billion | 3.14 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.05 billion | 1.72 billion | 2.37 billion | 5 |
| 2010s | 2.19 billion | 1.82 billion | 2.62 billion | 10 |
| 2020s | 3.00 billion | 1.71 billion | 3.46 billion | 5 |
Countries ranked near Jamaica
More trade data for Jamaica
- Commodity Net Export Price Index, Individual Commodities Weighted by 130.19 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 105.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.96 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 97.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 94.67 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 70.11 (2025)
- Imports of low carbon technology products, Percent of GDP 1.28 (2023)
- Imports of low carbon technology products, US dollar (World), per 95.69 units per person (2023)
- Imports of low carbon technology products, US dollar (World), per 0.0127 units per US$ of GDP (2023)
- Exports of low carbon technology products, US dollar (World), gaps 2.74 million (2023)
Frequently asked questions
- What is services, debit/expenditure in Jamaica?
- Services, debit/expenditure in Jamaica was 3.46 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Jamaica?
- The highest recorded value was 3.46 billion in 2023.
- What is the lowest services, debit/expenditure recorded in Jamaica?
- The lowest recorded value was 1.71 billion in 2020.
- How does Jamaica rank for services, debit/expenditure?
- Jamaica ranks 105th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Jamaica?
- Over the last ten years it is up 54.0%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.