8% jump for Jamaica’s remittances

Remittance inflows into Jamaica climbed 8 percent in February this year over 2021 to $254.7 million at a faster pace than the one percent increase in January 2022 enjoyed over 2021.
The February 2022 inflows are 15 percent higher than the US$243.7 million collected this January thus reversing a marginal US$4 million decline in February 2021 against January of that year. The increase in February continues the strong rise in remittances the country enjoyed since 2020 when it rose by 20.76 percent in 20220 over 2019 and 20.38 percent over 2020.
Remittance inflows for January and February 2022 grew 4.5 percent to US$498.4 million over the similar period in 2021 the Bank of Jamaica report shows.

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