Remittance inflows to Jamaica for April 2023 fell by US$17 million or 5.8 percent to US$272 million, but inflows for the year to date are down marginally by 0.9 percent or US$4.4 million over the similar period in 2022 to US$1.07 billion.
April’s decline could be due to the Easter period falling earlier in April this year compared to that of 2022 that was in the middle of the month as such, some inflows may have taken place in March this year.
Remittances amount to 95 percent of tourism inflows in 2022 compared with 167 percent in 2021.
Jamaica’s remittance inflows drop
June 24, 2023 by