Remittance flows climb for Jamaica


Remittance inflows to Jamaica for the year to September 2025 climbed 2.9 percent to US$2.5866 billion, over the US$2.514 billion collected in the similar period in 2024.  

This year’s inflows are the second best on record, just $19 million below the record of US$2.695 billion garnered in the first nine months of 2021. The trend for the year to date suggests that total flows for the year may end around US$40 less than the record US$3.497 billion in 2021. Inflows could increase above the levels for 2025 to date following the passage of Hurricane Melissa, as Jamaicans overseas increase their contributions to Jamaicans hit by the hurricane.
Inflows for September this year rose by 4.7 per cent or US$13 million to US$287.6 million compared with $274.6 million for the same period in 2024.

Remittances neck & neck with record 2021


Remittance inflows into Jamaica amount to US$291 million for August 2025, representing a decline of 2.8 percent or US$8.5 million in comparison to August 2024, when total inflows were US$300 million, data released by the Bank of Jamaica show.

For the eight months ending August 2025, total remittance inflows to Jamaica amount to US$2.302 billion, an increase of 2.8 percent compared to inflows for January to August last year of US$2.239 billion. The total inflows for this year are marginally ahead of the record haul of 2021, with US$2.3 billion in inflows up to August 2021.

Jamaica remittances on track for record


Remittance inflows to Jamaica rose 4.6 percent in July this year over the 2024 period to US$302.2 million, taking the total for the seven months this year to US$2.01 billion, 3.6 percent more than the take in 2024, for the same period but below the record year of 2021 when inflows for the first 7 months were $2,028 billion, data from Bank of Jamaica reveal.

Aside from the record take for 2021, the year-to-date inflows exceed all previous years’ figures. Gross inflows for July 2025 dropped by US$21 million compared with July 2021. For the seven months to July this year, inflows are down US$17 million from the 2021 seven-month period. To exceed the record 2021 intake of US$3.497 billion, it will require growth of just under 5 percent for the last 5 months of this year. Regardless, the 2025 numbers appear on track to at least come close to the record haul in 2021 to be either the best year or the second-best.

are on track for a record haul this year, following declines between 2022 and 2023, with inflows increasing by 3.5 percent to US$1.708 billion as US$57 million more came into the country over the January to June 2024 period.

Inflows in June continue to rise for the year compared with 2024, increasing by US$7.2 million, with a 2.8 percent increase to US$267.5 million in comparison to June 2024.

Record remittance inflows in 2025


Remittance inflows to Jamaica are on track for a record haul this year, following declines in 2022, 2023 and 2024, with inflows increasing by 3.5 percent to US$1.708 billion, following US$57 million more that came into the country over the January to June 2024 period.

Inflows in June this year increased by US$8 million to US$286.5 million, or 2.9 percent compared to US$278.3 million in June 2024.
At the current pace, inflows are set to surpass the record US$3.497 billion haul in 2021 and the second-best of US$3.44 billion in 2022. Inflows for the six months to June 2021, amounted to US$1.7044 billion $36 million behind this year intake.

Sharp jump in JSE USD Market trading


Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Friday, with a 449 percent surge in volume and a 263 percent climb in value over Thursday, resulting from an exchange of seven securities, compared with eight on Thursday, with prices of three rising, three declining and one ending unchanged.

The market closed with an exchange of 1,082,403 shares for US$81,699, increasing from just 197,037 stocks at US$22,508 on Thursday.
Trading ended with an average of 154,629 shares at US$11,671, rising from 24,630 stocks at US$2,813 on Thursday, with a month to date average of 35,083 units at US$3,425 compared with 21,136 stocks at US$2,463 on the previous day and July with an average of 71,904 units for US$3,475.
The US Denominated Equities Index rose 0.14 points to 204.70. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Proven Investments lost 1.6 cents to finish at 8.68 US cents with investors swapping 69,453 shares, Sygnus Credit Investments rallied 0.5 of one cent and ended at 7.5 US cents with 800 stock units crossing the market,  Sygnus Real Estate Finance USD share ended at 6 US cents with investors exchanging 810 shares and Transjamaican Highway sank 0.11 of one cent in closing at 2.37 US cents with 986,475 stocks clearing the market.
In the preference segment, JMMB Group 7.5% shed 3.99 cents to end at US$2.01 after traders exchanged 24,796 units, JMMB Group US8.5% popped 4 cents to close at US$1.05 with 9 shares passing through the market and Productive Business Solutions 9.25% advanced 2 cents to US$10.50 in an exchange of 60 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stat

May 2025 remittances the highest in 5 years


Remittance inflows to Jamaica increased by a notable 5.6 percent to US$303.5 million in May this year, above the US$287.4 million in the corresponding period in 2024.

For the five months to May 2025, remittance inflows amount to US$1.422 billion, up 3.6 percent over the first five months of last year, with total inflows of $1.373 billion.

Inflows for May this year are the highest for May in any year, but for inflows of US$308.5 million in 2021, the year of record inflows of US$3.5 billion and the highest monthly inflows since December 2022 and December 2023.

Big jump Jamaica’s tourist traffic in July


Tourist traffic passing through Montego Bay’s Sangster International Airport surged sharply in July with a 15.2 percent jump, the first major increase since early 2024, while Kingston Norman Manley Airport saw a 7.8 percent increase compared to July 2024, Grupo Aeroportuario Del Pacifico, operators of both airports, reported.

Traffic passing through Montego Bay moved from 443,400 last year in July to 510,600, resulting in the year to date performance slipping just 2.2 percent to 3.114 million, from 3.186 million last year. The improvement comes against the backdrop of signs of stability in the June numbers that fell a mere 1.9 percent, 1.6 percent in May and 1.3 percent in April, compared with a year to date decline of 5.1 percent in June, 6.5 percent to April and 8.1 percent to March.

Kingston Norman Manley Airport processed 191,900 incoming and outgoing passengers in July, compared to 178,000 for the same month in 2024. For the first seven months of the year, 1.074 million passengers passed through the country’s capital airport, an increase of 8.5 percent over the 989,800 in 2024.

This development, if sustained, has far-reaching implications for a wide range of the economy. Apart from indicating a pick-up in foreign exchange inflows, companies supplying goods and services to the tourism sector should see an increase in business activities.
Listed companies are set to be big winners, including Caribbean Producers, Express Catering, Dolphin Cove, Jamaica Broilers, Wisynco, Everything Fresh and Knutsford Express .

Growth in Jamaica’s remittances for 2025


Remittance inflows to Jamaica increased by US$7.5 million or 2.6 percent to US$295.5 million in April this year, from US$288 million in 2024. Inflows for April this year are the second highest monthly flows for the year so far, following March with US$302.4 million, which grew by 1.8 percent over the 2024 period.

Remittances increased in all four months of 2025, contributing to inflows for January to April 2025 of US$1.118 billion, an increase of 3 percent over the US$1.085 billion in the first four months of 2024.

Remittances climb for a 2nd month


Remittance inflows to Jamaica continue to recover in 2025 as reflected for the first two months this year, with an increased 2.3 percent or US$6.7 to US$259 million in February, up from US$254 million last year, a continuation from January that enjoyed an increase of 3.9 percent, data out of Bank of Jamaica show.
Remittance inflows for January and February 2025 amount to US$515 million, an increase of 3.1 percent over the same period in 2024, when the country received US$500 million.

Jamaica hauls in record remittances


Remittance inflows to Jamaica hit a record for January, with total inflows of US$255.5 million this year following an increase of US$9.5 million or 3.9 percent in total of US$246 million in 2024.

The previous best January for inflows was in 2023, when total inflows amounted to US$248.6 million, data released by Jamaica’s Central Bank show.  Remittance inflows to Jamaica in 2024 amounted to US$3.358 billion.