Latin America and the Caribbean vs Marshall Islands: Volume of remittances (in United States dollars) as a proportion of
Latin America and the Caribbean
3.3%
in 2024
Marshall Islands
23.1%
in 2024
Latin America and the Caribbean rank
12th
Marshall Islands rank
11th
Volume of remittances (in United States dollars) as a proportion of over time
- Latin America and the Caribbean
- Marshall Islands
How they compare
Marshall Islands currently reports 23.1% against 3.3% in Latin America and the Caribbean, a difference of 19.8%.
That makes Marshall Islands's figure about 6.9 times Latin America and the Caribbean's.
Across all 20 years both countries report, Marshall Islands has been ahead every year.
Latin America and the Caribbean ranks 12th and Marshall Islands ranks 11th of 36 groups.
Marshall Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America and the Caribbean | Marshall Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.7% | 16.7% | 14.0% | Marshall Islands |
| 2010s | 2.5% | 13.8% | 11.3% | Marshall Islands |
| 2020s | 3.3% | 18.5% | 15.2% | Marshall Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher volume of remittances (in united states dollars) as a proportion of, Latin America and the Caribbean or Marshall Islands?
- Marshall Islands, at 23.1% against 3.3% in Latin America and the Caribbean as of 2024.
- What is the difference in volume of remittances (in united states dollars) as a proportion of between Latin America and the Caribbean and Marshall Islands?
- 19.8%, with Marshall Islands ahead.
- How many years of comparable data are there for Latin America and the Caribbean and Marshall Islands?
- 20 years are reported by both, from 2005 to 2024.
- How do Latin America and the Caribbean and Marshall Islands rank globally for volume of remittances (in united states dollars) as a proportion of?
- Latin America and the Caribbean ranks 12th and Marshall Islands ranks 11th of 36 groups.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.