Personal remittances, paid (current US$), per unit of GDP in Barbados
Barbados: Personal remittances, paid (current US$), per unit of GDP was 0.0083 current US$ per US$ of GDP in 2017. ◆ Volatile
Personal remittances, paid (current US$), per unit of GDP in Barbados, 1970–2017
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Barbados recorded 0.0083 current US$ per US$ of GDP for personal remittances, paid (current us$), per unit of gdp in 2017.
That represents a change of down 8.3% on the previous year and down 29.5% over ten years.
Over the whole period, personal remittances, paid (current us$), per unit of gdp in Barbados peaked at 0.0118 current US$ per US$ of GDP in 2007 and was at its lowest, 0.0002 current US$ per US$ of GDP, in 1976.
Barbados ranks 95th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid (current US$), per unit of GDP in Barbados, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0033 current US$ per US$ of GDP | — |
| 1971 | 0.0019 current US$ per US$ of GDP | -42.7% |
| 1972 | 0.0019 current US$ per US$ of GDP | +2.7% |
| 1973 | 0.0031 current US$ per US$ of GDP | +60.7% |
| 1974 | 0.0014 current US$ per US$ of GDP | -55.1% |
| 1975 | 0.001 current US$ per US$ of GDP | -29.9% |
| 1976 | 0.0002 current US$ per US$ of GDP | -76.7% |
| 1977 | 0.0013 current US$ per US$ of GDP | +472.3% |
| 1978 | 0.0012 current US$ per US$ of GDP | -10.5% |
| 1979 | 0.0011 current US$ per US$ of GDP | -4.8% |
| 1980 | 0.0007 current US$ per US$ of GDP | -38.2% |
| 1981 | 0.0007 current US$ per US$ of GDP | +3.8% |
| 1982 | 0.0005 current US$ per US$ of GDP | -34.2% |
| 1983 | 0.0004 current US$ per US$ of GDP | -14.4% |
| 1984 | 0.0006 current US$ per US$ of GDP | +56.0% |
| 1985 | 0.0005 current US$ per US$ of GDP | -15.7% |
| 1986 | 0.0005 current US$ per US$ of GDP | -2.9% |
| 1987 | 0.0026 current US$ per US$ of GDP | +410.8% |
| 1988 | 0.002 current US$ per US$ of GDP | -23.7% |
| 1989 | 0.0035 current US$ per US$ of GDP | +73.3% |
| 1990 | 0.0031 current US$ per US$ of GDP | -11.0% |
| 1991 | 0.0038 current US$ per US$ of GDP | +22.7% |
| 1992 | 0.0045 current US$ per US$ of GDP | +18.0% |
| 1993 | 0.0046 current US$ per US$ of GDP | +2.9% |
| 1994 | 0.0052 current US$ per US$ of GDP | +13.0% |
| 1995 | 0.007 current US$ per US$ of GDP | +33.3% |
| 1996 | 0.0086 current US$ per US$ of GDP | +23.5% |
| 1997 | 0.0065 current US$ per US$ of GDP | -24.5% |
| 1998 | 0.0063 current US$ per US$ of GDP | -3.4% |
| 1999 | 0.0064 current US$ per US$ of GDP | +2.2% |
| 2000 | 0.0063 current US$ per US$ of GDP | -2.5% |
| 2001 | 0.0066 current US$ per US$ of GDP | +6.2% |
| 2002 | 0.0065 current US$ per US$ of GDP | -2.5% |
| 2003 | 0.0068 current US$ per US$ of GDP | +4.4% |
| 2004 | 0.0053 current US$ per US$ of GDP | -21.7% |
| 2005 | 0.0107 current US$ per US$ of GDP | +101.6% |
| 2006 | 0.0085 current US$ per US$ of GDP | -20.6% |
| 2007 | 0.0118 current US$ per US$ of GDP | +39.4% |
| 2008 | 0.0081 current US$ per US$ of GDP | -31.1% |
| 2009 | 0.0083 current US$ per US$ of GDP | +2.2% |
| 2010 | 0.0065 current US$ per US$ of GDP | -22.5% |
| 2011 | 0.0102 current US$ per US$ of GDP | +58.0% |
| 2012 | 0.0096 current US$ per US$ of GDP | -5.8% |
| 2013 | 0.0113 current US$ per US$ of GDP | +17.5% |
| 2014 | 0.011 current US$ per US$ of GDP | -2.6% |
| 2015 | 0.0096 current US$ per US$ of GDP | -13.0% |
| 2016 | 0.0091 current US$ per US$ of GDP | -5.0% |
| 2017 | 0.0083 current US$ per US$ of GDP | -8.3% |
Barbados compared with similar countries
- Barbados's 0.0083 current US$ per US$ of GDP is below the median for high income countries, which is 0.0111 current US$ per US$ of GDP, 75% of the median. (71 countries reporting)
- Barbados's 0.0083 current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.0083 current US$ per US$ of GDP, 1.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid (current US$), per unit of GDP in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +472.3% | 0.0002 current US$ per US$ of GDP | 0.0013 current US$ per US$ of GDP |
| 1987 | +410.8% | 0.0005 current US$ per US$ of GDP | 0.0026 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0017 current US$ per US$ of GDP | 0.0002 current US$ per US$ of GDP | 0.0033 current US$ per US$ of GDP | 10 |
| 1980s | 0.0012 current US$ per US$ of GDP | 0.0004 current US$ per US$ of GDP | 0.0035 current US$ per US$ of GDP | 10 |
| 1990s | 0.0056 current US$ per US$ of GDP | 0.0031 current US$ per US$ of GDP | 0.0086 current US$ per US$ of GDP | 10 |
| 2000s | 0.0079 current US$ per US$ of GDP | 0.0053 current US$ per US$ of GDP | 0.0118 current US$ per US$ of GDP | 10 |
| 2010s | 0.0094 current US$ per US$ of GDP | 0.0065 current US$ per US$ of GDP | 0.0113 current US$ per US$ of GDP | 8 |
Countries ranked near Barbados
- 92 Lao People's Democratic Republic 0.0086 current US$ per US$ of GDP compare
- 93 Azerbaijan 0.0085 current US$ per US$ of GDP compare
- 94 Gabon 0.0085 current US$ per US$ of GDP compare
- 96 Honduras 0.0083 current US$ per US$ of GDP compare
- 97 Indonesia 0.0081 current US$ per US$ of GDP compare
- 98 Uzbekistan 0.0079 current US$ per US$ of GDP compare
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, paid (current us$), per unit of gdp in Barbados?
- Personal remittances, paid (current us$), per unit of gdp in Barbados was 0.0083 current US$ per US$ of GDP in 2017, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.0118 current US$ per US$ of GDP in 2007.
- What is the lowest personal remittances, paid (current us$), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.0002 current US$ per US$ of GDP in 1976.
- How does Barbados rank for personal remittances, paid (current us$), per unit of gdp?
- Barbados ranks 95th out of 195 countries with data for 2017.
- Is personal remittances, paid (current us$), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 29.5%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, paid (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.