The Bank of Jamaica reports that net remittance flows fell by 8.3 per cent in October 2025, declining to US$238 million compared with the same month in 2024.
The central bank says the drop was mainly driven by a 6.9 per cent decline in inflows, which fell to US$19 million, along with a 10.5 per cent increase in outflows to US$2.1 million.
Net remittance flows is the difference between money sent back by Jamaicans living and working abroad and that sent overseas by Jamaicans.
Despite the October decline, the central bank says net remittance inflows for the period April 1 to October 31 totalled US$1.9 billion.
That represents an increase of 1.3 per cent, or US$23 million, compared with the same period last year.
Over that period, inflows rose by 1.4 per cent, or US$28 million, while outflows increased by 3.8 per cent to just over US$5 million.
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