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Remittance declined in 2022

Net remittance inflows to Jamaica fell by 2.7 per cent in the month of November, in comparison with November 2021.
 
The Bank of Jamaica reported that total inflows were valued at US$249.6 million.
 
It said there was an increase in total remittance outflows, valued at $9.1 million, which was partly offset by an increase of 0.7% in total remittance inflows. 
 
The month's performance brought net remittance inflows to US$2.18 billion for April to November 2022.
 
That's 1.8% lower than the corresponding period in 2021.
 


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