Jamaica recorded a solid 8.3 percent rise in remittance inflows in July this year, following an increase of US$25 million over July last year, resulting in a record July haul of US$327.5 million and continuing the record-setting trend for the year to date, according to data released by Jamaica’s Central bank, the Bank of Jamaica.

Remittance inflows amount to US$2.107 billion for the year to July 2026, an increase of 4.8 percent after a rise of US$96 million in the seven months to July.  Last year’s inflows fell just US$11 million short of the record inflows of US$3.497 billion in 2021. This year’s net inflows are well ahead of last year’s shortfall; as such, barring any adverse developments, the 2021 record should be history by the end of 2026.