Remittances grew by a mere 0.1 percent for the first six months of 2024 over 2023 to Jamaica, with inflows of US$1.651 billion, from $1.649 billion in 2023.
Total inflows for June, this year fell 2.8 percent to US$278 million from $286 million in 2023 and is worse than the one percent fall in May, with inflows of $287 million, down from $290 million in 2023.
Barring a major pick up in inflows in the last six months of the year, inflows are likely to result in 2024 being the third year of decline since inflows peaked at $3.497 billion in 2021, and yet inflows would be well ahead of $2.9 billion achieved in 2020 and $2.4 billion in 2019.
Flat remittance flows to Jamaica
August 26, 2024 by
