Jamaica: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Jamaica's adjusted savings, net national savings (current US$) rose US$1.3 billion on 2020 (from US$2.78 billion to US$4.08 billion).

Across the 30 yearly changes before that (1991 to 2020), the average change was +US$76.82 million and a typical year strayed about US$413.09 million from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$1.3 billion in 2021 and the biggest yearly fall was US$1.21 billion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$354.41 million a year. A straight line explains 94% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$4.26 billion for 2024. We show this only because the same method, fitted on earlier years, predicted 2019 to 2021 better than "no change" would have: its average miss was US$475.7 million, against US$751.31 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2021, Jamaica had the 80th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Jamaica in the 2021 ranking

• Slovenia — 77th of 132: US$4.73 billion
• Croatia — 78th of 132: US$4.34 billion
• Honduras — 79th of 132: US$4.11 billion
• Serbia — 81st of 132: US$3.92 billion
• Mauritania — 82nd of 132: US$3.09 billion
• Bermuda — 83rd of 132: US$2.78 billion

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.

All 46 values

Adjusted savings, net national savings (current US$) in nearby economies

• Antigua and Barbuda — US$40.3 million (2020)
• Argentina — US$49.38 billion (2021)
• Aruba — US$97.34 million (2021)
• Bahamas, The — US$227.71 million (2021)
• Barbados — −US$276.71 million (2017)
• Belize — US$180.31 million (2021)
• Bolivia — US$682.05 million (2021)
• Brazil — −US$15.9 billion (2021)
• Chile — US$5.15 billion (2021)
• Colombia

More economic policy & debt data for Jamaica

• Total reserves, including gold (current US$) — US$6.3 billion (2025)
• Total reserves, excluding gold (current US$) — US$6.3 billion (2025)
• Gross Value Added (GVA) at basic prices (current US$) — US$19.27 billion (2025)
• Gross Value Added (GVA) at basic prices (current LCU) — 3.07 trillion (2025)
• GDP (current US$) — US$22.7 billion (2025)
• GDP (current LCU) — 3.61 trillion (2025)
• GDP per capita (current US$) — US$8,003 (2025)
• GDP per capita (current LCU) — 1.27 million (2025)
• GNI (current US$) — US$22.36 billion (2025)
• GNI (current LCU) — 3.56 trillion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Jamaica's adjusted savings, net national savings (current US$)?

US$4.08 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is up 2,684% from −US$157.98 million in 1976. The highest value was US$4.08 billion in 2021 and the lowest −US$234.13 million in 2008.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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