Remittance inflows into Jamaica continue to be resilient, matching the 2022 inflows up to March, with total inflows of $301.4 million this year, some US$6.6 million or 2.2 percent more than was collected in March 2022.
From January to March 2023, inflows of remittances to Jamaica amount to US$800.4 million, an increase of 0.9 percent compared with the January to March 2022 with US$793.2 million.
Barring any unusual developments, the country is on track to match the U$3.44 billion in total inflows generated in 2022.
According to the data released by the Bank of Jamaica, remittances for 2022, although marginally down on a per capita basis to $1.147.4 from $US1,176 in 2021, inflows are once more below the inflows for tourism for the first time since 2020 and were 181 percent of total export earnings in 2022 and down from 236 percent in 2021.
Remittances to Jamaica rise
May 30, 2023 by
