Jamaica: Exports, percent of GDP

* indicates monthly or quarterly data series

Exports of goods and services as percent of GDP

 Latest value 38.04
 Year 2019
 Measure percent
 Data availability 1960 - 2019
 Average 38.99
 Min - Max 29.05 - 62.27
 Source The World Bank
For that indicator, we provide data for Jamaica from 1960 to 2019. The average value for Jamaica during that period was 38.99 percent with a minimum of 29.05 percent in 1976 and a maximum of 62.27 percent in 1992. The latest value from 2019 is 38.04 percent. For comparison, the world average in 2019 based on 166 countries is 44.23 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Jamaica - Exports, percent of GDP - Recent values chart

Historical chart
Jamaica - Exports, percent of GDP - historical chart - 1960-2019

The exports of Jamaica and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest value Reference Measure
 Terms of trade 102.48 2021 percent
 Trade openness 90.11 2019 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 38.04 2019 percent
 Exports, billion dollars 6.02 2019 billion U.S. dollars
 Growth of exports 3.63 2019 percent
 Imports, percent of GDP 52.07 2019 percent
 Imports, billion dollars 8.24 2019 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.86 2022 percent
 Foreign Direct Investment, billion dollars 0.32 2022 billion U.S. dollars
 Portfolio investment inflows, equities -32.69 2022 million dollars (current)
 Current account, percent of GDP -0.76 2022 percent
 Current account, in dollars -0.13 2022 billion U.S. dollars
 Trade balance, percent of GDP -14.04 2019 percent
 Trade balance, in dollars -3.30 2022 billion U.S. dollars
 Reserves 4.52 2022 billion U.S. dollars
 Remittances, percent of GDP 21.57 2022 percent
 Remittances 3,687.55 2022 million U.S. dollars
 Net errors and omissions -398.01 2022 million USD
 External debt 104.83 2022 percent
 Short-term external debt 12.69 2022 percent
 Short-term debt to reserves 49.28 2022 percent
 Foreign exchange reserves 4.85 9/2023 billion
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