Remittance inflows into Jamaica amount to US$291 million for August 2025, representing a decline of 2.8 percent or US$8.5 million in comparison to August 2024, when total inflows were US$300 million, data released by the Bank of Jamaica show.
For the eight months ending August 2025, total remittance inflows to Jamaica amount to US$2.302 billion, an increase of 2.8 percent compared to inflows for January to August last year of US$2.239 billion. The total inflows for this year are marginally ahead of the record haul of 2021, with US$2.3 billion in inflows up to August 2021.
Despite the fall in December last year, remittance inflows into Jamaica continue to be resilient with just a 0.4 percent slippage to US$3.357 billion, compared to the inflows of US$3.37 billion in 2023. Inflows for 2024 are the lowest in four years but remain well above the U$2.98 billion inflows in 2020, the year of a major surge that pushed the amount just under the $3 billion mark it has been at since that year.
The decline represents the eighth consecutive month of negative inflows since June last year for the country.