Remittance inflows into Jamaica in 2022 exceeded the $3 billion mark second year with US$3.1 billion inflows for the first eleven months of the year and ended just below the $3.18 billion collected in the similar period for 2021.
For the full 2022 year, remittances seem set to exceed $3.4 billion, close to the full year intake of US$3.497 billion in 2021. In November, remittance inflows rose 0.7 percent to US$276.5 million, from US$274.5 million in 2021 and are just one of the four months that inflows increased during 2022.
Five countries account for the bulk of the flows, with the United States of America accounting for 70.2 percent of total flows, up from 70.1 percent recorded for November 2021. The United Kingdom contributed 10.2 percent, followed by Canada and the Cayman Islands at 9.7 percent and 6.2 percent, respectively.
Jamaica’s remittances exceed $3 billion
January 21, 2023 by
