Remittance inflows to Jamaica for the year to September 2025 climbed 2.9 percent to US$2.5866 billion, over the US$2.514 billion collected in the similar period in 2024.
This year’s inflows are the second best on record, just $19 million below the record of US$2.695 billion garnered in the first nine months of 2021. The trend for the year to date suggests that total flows for the year may end around US$40 less than the record US$3.497 billion in 2021. Inflows could increase above the levels for 2025 to date following the passage of Hurricane Melissa, as Jamaicans overseas increase their contributions to Jamaicans hit by the hurricane.
Inflows for September this year rose by 4.7 per cent or US$13 million to US$287.6 million compared with $274.6 million for the same period in 2024.
Aside from the record take for 2021, the year-to-date inflows exceed all previous years’ figures. Gross inflows for July 2025 dropped by US$21 million compared with July 2021. For the seven months to July this year, inflows are down US$17 million from the 2021 seven-month period. To exceed the record 2021 intake of US$3.497 billion, it will require growth of just under 5 percent for the last 5 months of this year. Regardless, the 2025 numbers appear on track to at least come close to the record haul in 2021 to be either the best year or the second-best.