Total remittance inflows for Jamaica for May this year was just barely up over May 2014, increasing by less than a million dollars to end the month at US$190 million over the corresponding month last year.
Net remittance flows did better, with US$175 million realized, an increase of US$4 million or 2 percent over the corresponding period of 2014. For the first five months of 2015, total remittance inflows amounted to US$905 million, an increase of US$18 million or 2 percent over the similar 2014 period. Net remittances for the first 5 months of the year were US$812 million, an increase of US$16 million or 2 percent over the 2014 period, Bank of Jamaica reported.