Jamaica enjoyed US$194 million in remittance inflows for the March this year, an increase of US$5.7 million or 3.1 percent relative to the same month of last year, after factoring an expansion in remittance outflows, net remittances came in at US$174.4 million, an increase of only US$2.6 million or 1.5 percent over the 2014 period.
Total remittance inflows were US$528 million for the first three months of the year, an increase of US$13 million or 2.6 percent. Net remittances for the 2015 March quarter were US$471 million, growth ofUS$8.3 million or 1.8 percent relative to the corresponding period of 2014. For the review period.
For 2014 total inflows into the system is put at US$2.16 billion by Bank Of Jamaica while outflows amounted to $227 million and declined from US$240 million in 2013 and US$267 million in 2012.
Remittances growing slowly
July 1, 2015 by IC Insider.com
Filed Under: Economy, Feature Stories Tagged With: Jamaica remittances
About IC Insider.com
[…] Total remittance inflows for Jamaica for May this year was just barely up over May 2014, increasing by less than a million dollars to end the month at US$190 million over the corresponding month last year. Net remittances did better, with US$175 million, an increase of US$4 million or 2 percent over the corresponding period of 2014.For the first five months of 2015, total remittance inflows accounted for US$905 million, an increase of US$18 million or 2 percent over the similar 2014 period. Net remittances for were US$812 million, an increase of US$16 million or 2 percent over the 2014 period, the Bank of Jamaica reported. […]