Remittances drive economic support in Honduras and Jamaica

Remittances from citizens living abroad continue to serve as critical economic pillars for both Honduras and Jamaica.

In Honduras, the Central Bank reported that the country received over $10.09 billion in remittances during the first nine months of 2026. These funds represent more than 25% of the national GDP, with approximately 86% being used by families to cover essential needs such as food, health, and education. Projections suggest total remittances could exceed $12 billion by the end of 2026. The United States remains the primary source of these transfers.

In Jamaica, Minister of State Alando Terrelonge announced that the diaspora sent home US$3.12 billion during the 2025/2026 fiscal year. These contributions have been vital for the nation's recovery following the impact of Hurricane Melissa. Terrelonge noted that remittances increased by US$93 million in the three months following the hurricane compared to the previous year, highlighting the diaspora's role in supporting national growth and disaster recovery.