Record remittances inflows to Jamaica


Remittances into Jamaica reached a record $2.42 billion in the first eight months of 2026, up 5.3 percent over the similar period in 2025, after climbing 9.3 percent in August to US$315 million. the country previous highest inflows for the first eight months was US$2,3 billion in 2021, some US$465 million more than the same period in 2020.

According to the data released by the Bank of Jamaica, this year’s inflows are US$122.7 million more than the US$2.299 billion gross inflows into the country for the same period last year.
The country is set to earn US$3.7 billion if growth in gross inflows continues for the remaining months of the year, or 5.8 percent more than the record haul of US$3.497 billion in 2021, the first year, inflows exceeded US$3 billion and US$215 million more than in 2026.
Remittances remain the second-largest source of foreign exchange inflows into the economy, with tourism being the highest.

The 2026 growth was broadly in line with that recorded in Guatemala, up 5.4 percent, but exceeded the rates of growth in El Salvador 4.0 percent and Mexico 2.2 percent, Bank of Jamaica reported.

Remittances on track for 2026 record


Jamaica recorded a solid 8.3 percent rise in remittance inflows in July this year, following an increase of US$25 million over July last year, resulting in a record July haul of US$327.5 million and continuing the record-setting trend for the year to date, according to data released by Jamaica’s Central bank, the Bank of Jamaica.

Remittance inflows amount to US$2.107 billion for the year to July 2026, an increase of 4.8 percent after a rise of US$96 million in the seven months to July.  Last year’s inflows fell just US$11 million short of the record inflows of US$3.497 billion in 2021. This year’s net inflows are well ahead of last year’s shortfall; as such, barring any adverse developments, the 2021 record should be history by the end of 2026.

Bounce in tourist arrivals to Jamaica


Passenger traffic increased 2.8 percent for Kingston’s Norman Manley International airport, in August over the similar 2025 period, while Montego Bay’s Sangster International Airport recorded a decline by 23 percent, for the same. For Montego Bay, the decline reflects an improvement over July that suffered a fall of 26.6 percent, but with a greater passenger count than in August this year.

The number of passengers  travelling via the Sangster International Airport was 344,600, down from 447,400 last year August. For the year to date, 2.63 million passed through the island’s north western airport, 26.2 percent below last year of 3.56 million passengers.

Kingston’s Norman Manley had 205,100 passengers passing through the airport in August, up from 199,200 last year. For the first eight months of the year traffic slipped 1.6 percent to 1.253 million versus 1.273 million in 2025.

The data is published by Grupo Aeroportuario del Pacífico, operators of the Jamaica’s two major airports.

Best year for remittance inflows   


Remittance inflows continue to climb for Jamaica, with record June inflows of US$312 million, an increase of US$24.5 million or 8.5 percent over June 2025, data out of Jamaica’s central bank, Bank of Jamaica, (BOJ) show.

According to the BOJ data, there are only 7 other periods when inflows exceeded US$312 million garnered in June. In March 2021, US$328 million in inflows was achieved, with March 2026 delivering US$319 million and July 2022 when inflows totaled US$324 million, the other times were all in December, with December 2021 generating US$322 million, 2022 US$326 million, followed by December 2023 with US$314 million and 2025 US$335 million.
Remittance inflows to Jamaica climbed 4.2 percent to an all-time record high of US$1.78 billion, for 2026 to June, up US$71 million from US$1.71 billion for the same period last year. This year to date increase, puts to the annual outturn at around US$3.6 billion for 2026 and would be the highest on record, beating the long standing record in 2021 inflows of US$3.497 billion.

Record remittance inflows for Jamaica


Remittance inflows into Jamaica slipped by a mere half of one percent to US$294.2 million in April this year, down by just US$2.3 million from April 2025, but remain at record levels for the year to date.

Remittance inflows for January to April 2026 continued the positive monthly trend since November last year. Flows to Jamaica amounted to a record US$1.1536 billion, 3.2 percent over the corresponding period in 2025, with earnings of US$1,118 billion.   

The United States of America continues to be the primary source market, accounting for 68.8 per cent of total remittance inflows, with the United Kingdom contributing 11.1 percent, Canada 8.5 percent, and the Cayman Islands 6.4 percent.

Tourist traffic improvement continues for Jamaica


Tourist traffic transiting Montego Bay’s Sangster International Airport shows a modest improvement in May compared with April, with a fall of 19 percent compared with 22 percent for April, this year over 2025, data released by Grupo Aeroportuario Del Pacifico show.

Traffic through Kingston’s Norman Manley International Airport dropped by 5.2 percent to 138,700 passengers in May this year, from 146,300 in May 2025. The decline in May compares favourably with a 6 percent fall in April this year, compared with 2025.
For the Year to May, the Montego Bay airport processed 27.3 percent less passengers than last year, with 1,573,000 passing through, versus 2,164,800 in 2025, an improvement over the 29.2 percent fall up to April.
The capital city ended with 699,200 passengers, moving through the Norman Manley International Airport, with a fall of 4.1 percent to 729,300 versus 3.1 percent up to April this year.

Remittances to Jamaica rise


Remittance inflows to Jamaica continue to increase, with a rise of 3.9 percent to US$314 million for March, compared with US$302.4 million in same month last year. The growth in March, continues the trend in January and February this year, with increases of 5 and 3.4 percent respectively, data released by Jamaica Central Bank show.

Inflows climbed of 4.1 per cent to US$856 million or an increase of $33.5 million for January to March period this year, over the corresponding period of 2025 that enjoyed inflows of US$822.5 million.

Jamaica missed enjoying record inflows last year when total inflows fell just US$11.4 million short of the record inflows of $3.495 million in 2021, so far total inflows are on track to surpass $3.5 billion this year barring any unforeseen developments and therefore set a new all-time record high.

Record remittance inflows for January


Remittance inflows to Jamaica increase of US$13 million or a solid 5 percent in total remittance inflows to a record for the first month of the year, with January 2026 hitting US$273.2 million up from January 2025, data out of the Bank of Jamaica show.

In 2025 total inflows to the country rose by 3.84 percent to US$3.486 sit just under the record haul of US$3.497 billion in 2021. This year’s increase is lower than the 5.7 percent rise for January last year, 5.6 percent in May, 14.3 percent in November and 12.1 percent in December of 2025.

If total remittances remained flat for the rest of 2026, the country will end with record inflows for the year of just under US$3.5 billion.  

2025 remittances US$12 million shy of record


Remittance inflows to Jamaica surged 12.1 percent to US$334.9 million in December 2025, over the corresponding period in 2024 and pushed the total inflows for the year by 3.8 percent to US$3.4857 billion, just $12 million short of the record haul in 2021 of US$3.497 billion.

Last year’s intake is the second highest on record and bettered the 2022 intake of US$3.44 billion. 

Remittance inflows for December 2025 increased by US$36.2 million or 12.1 percent to US$334.9 million, a record collection for any previous December.

The near-record 2025 haul was fueled by 10 months of increase, with only August and October recording declines.

Total remittance inflows into Jamaica between 2021 and 2025.

Jamaica’s NIR record year-end close


Jamaica’s net international reserves (NIR) climbed by US$695 million in 2025 to close the year at a record yearly high of US$6.279 billion, data released by the Bank of Jamaica show.

The 2025 increase is just above the average of US$631 million from 2021 to 2025, but less than the 2024 increase of $836 million, and  2023, with net inflows of US$770 million.
Last year’s growth was the worst since 2021, except for 2022, when inflows fell and dragged down the NIR at the end of that year.