Remittance inflows to Jamaica are on track to beat 2023 inflows partially due to an increase of US$6 million or 2.3 percent in total inflows of US$266 million in November last year. November is the second consecutive month of increase and the third in four months.
Remittance inflows for 2024 to November amassed US$3.059 billion, an increase of just 0.1 percent over the similar period in 2023. It seems set to exceed the US$3.3 billion generated in 2023. If achieved, it would be the first year since the massive increase in 2021 that there has been an annual increase.