Remittance Outflows Statistics in Jamaica (2026)
According to World Bank World Development Indicators data, personal remittances paid in Jamaica came to $313 million in 2024. Down from $344.5 million in 2023 to $313 million in 2024. Jamaica ranks #15 of 34 economies in Latin America & Caribbean on this measure, and #91 of 181 globally.
Key Statistics
- Latest value (2024)
- $313 million (2024)
- Remittance Outflows in Jamaica as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −9.1% (2024)
- Down from $344.5 million in 2023 to $313 million in 2024.
- CAGR 1990–2024
- +10.4% per year (2024)
- Compound annual growth rate from $10.8 million in 1990 to $313 million in 2024.
- Earliest value in this dataset (1990)
- $10.8 million (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $10.8 million in 1990 to $313 million in 2024.
- Peak value (2007)
- $396.2 million (2007)
- Highest value in the available series; the 2024 value is $313 million.
- Rank in Latin America & Caribbean
- #15 of 34 (2024)
- Jamaica ranks 15 of 34 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #91 of 181 (2024)
- Jamaica ranks 91 of 181 countries with data globally.
- Latin America & Caribbean average
- $372.8 million (2024)
- Jamaica ($313 million) is below the average of $372.8 million across the 34 countries in Latin America & Caribbean with data.
- Projected 2026 value
- $312.7 million (2026)
- Projection based on 7-year trend (CAGR 0%); not an official figure.
- International migrant stock (% of population) (2024)
- 0.8% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Jamaica (2024)
- 90.1% (2024)
- 90.1% of the population in Jamaica used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.8 million (2024)
- Jamaica had a population of 2.8 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 313M | −9.1% |
| 2023 | 344.5M | −5.2% |
| 2022 | 363.4M | +4.8% |
| 2021 | 346.7M | +13.2% |
| 2020 | 306.3M | −5.7% |
| 2019 | 324.9M | +5.1% |
| 2018 | 309.1M | −1.5% |
| 2017 | 314M | +5.3% |
| 2016 | 298.1M | +3.8% |
| 2015 | 287.1M | +4.4% |
| 2014 | 275.1M | −7.5% |
| 2013 | 297.4M | −10.8% |
| 2012 | 333.5M | +9.2% |
| 2011 | 305.5M | +9.4% |
| 2010 | 279.3M | +3.8% |
| 2009 | 269M | −26.2% |
| 2008 | 364.6M | −8.0% |
| 2007 | 396.2M | +10.7% |
| 2006 | 357.9M | −2.9% |
| 2005 | 368.7M | −5.7% |
| 2004 | 390.9M | +21.3% |
| 2003 | 322.2M | +33.0% |
| 2002 | 242.3M | +35.1% |
| 2001 | 179.4M | +18.0% |
| 2000 | 152M | +27.2% |
| 1999 | 119.5M | +13.7% |
| 1998 | 105.1M | +25.7% |
| 1997 | 83.6M | +19.3% |
| 1996 | 70.1M | +39.9% |
| 1995 | 50.1M | +56.1% |
| 1994 | 32.1M | +134.3% |
| 1993 | 13.7M | +19.1% |
| 1992 | 11.5M | +2.7% |
| 1991 | 11.2M | +3.7% |
| 1990 | 10.8M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in Jamaica?
Personal remittances paid in Jamaica stood at $313 million in 2024, according to World Bank World Development Indicators data.
Where does Jamaica rank globally on remittance outflows?
Jamaica ranks 91 of 181 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could remittance outflows in Jamaica look like in 2026?
A trend-based projection puts it at $312.7 million in 2026. Projection based on 7-year trend (CAGR 0%); not an official figure.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BM.TRF.PWKR.CD.DT, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .