Personal remittances, paid in Latin America & Caribbean
Latin America & Caribbean: Personal remittances, paid was 9.59 billion current US$ in 2025. ◆ Volatile
Personal remittances, paid in Latin America & Caribbean, 1970–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Latin America & Caribbean recorded 9.59 billion current US$ for personal remittances, paid in 2025.
Compared with earlier readings it is down 21.1% on the previous year and up 19.7% over ten years.
Over the whole period, personal remittances, paid in Latin America & Caribbean peaked at 12.40 billion current US$ in 2023 and was at its lowest, 98.79 million current US$, in 1971.
Latin America & Caribbean ranks 24th of 45 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 100.55 million current US$ | — |
| 1971 | 98.79 million current US$ | -1.7% |
| 1972 | 108.90 million current US$ | +10.2% |
| 1973 | 129.06 million current US$ | +18.5% |
| 1974 | 161.27 million current US$ | +25.0% |
| 1975 | 320.53 million current US$ | +98.8% |
| 1976 | 445.31 million current US$ | +38.9% |
| 1977 | 556.30 million current US$ | +24.9% |
| 1978 | 750.62 million current US$ | +34.9% |
| 1979 | 697.81 million current US$ | -7.0% |
| 1980 | 1.04 billion current US$ | +49.4% |
| 1981 | 1.05 billion current US$ | +0.4% |
| 1982 | 1.30 billion current US$ | +24.0% |
| 1983 | 629.69 million current US$ | -51.5% |
| 1984 | 721.65 million current US$ | +14.6% |
| 1985 | 752.28 million current US$ | +4.2% |
| 1986 | 698.05 million current US$ | -7.2% |
| 1987 | 716.89 million current US$ | +2.7% |
| 1988 | 781.05 million current US$ | +8.9% |
| 1989 | 964.54 million current US$ | +23.5% |
| 1990 | 1.07 billion current US$ | +11.3% |
| 1991 | 1.18 billion current US$ | +10.0% |
| 1992 | 1.34 billion current US$ | +13.4% |
| 1993 | 1.43 billion current US$ | +6.9% |
| 1994 | 1.46 billion current US$ | +1.8% |
| 1995 | 1.15 billion current US$ | -21.1% |
| 1996 | 1.37 billion current US$ | +19.2% |
| 1997 | 1.34 billion current US$ | -2.4% |
| 1998 | 1.51 billion current US$ | +13.0% |
| 1999 | 1.59 billion current US$ | +4.8% |
| 2000 | 2.09 billion current US$ | +31.9% |
| 2001 | 2.09 billion current US$ | -0.1% |
| 2002 | 1.99 billion current US$ | -4.6% |
| 2003 | 1.92 billion current US$ | -3.9% |
| 2004 | 2.08 billion current US$ | +8.6% |
| 2005 | 2.28 billion current US$ | +9.6% |
| 2006 | 2.77 billion current US$ | +21.4% |
| 2007 | 3.54 billion current US$ | +27.6% |
| 2008 | 4.32 billion current US$ | +22.0% |
| 2009 | 4.22 billion current US$ | -2.3% |
| 2010 | 5.79 billion current US$ | +37.2% |
| 2011 | 6.75 billion current US$ | +16.7% |
| 2012 | 7.07 billion current US$ | +4.7% |
| 2013 | 8.27 billion current US$ | +16.9% |
| 2014 | 8.08 billion current US$ | -2.2% |
| 2015 | 8.01 billion current US$ | -1.0% |
| 2016 | 8.55 billion current US$ | +6.8% |
| 2017 | 10.68 billion current US$ | +25.0% |
| 2018 | 11.13 billion current US$ | +4.2% |
| 2019 | 11.26 billion current US$ | +1.1% |
| 2020 | 9.62 billion current US$ | -14.5% |
| 2021 | 10.89 billion current US$ | +13.1% |
| 2022 | 11.92 billion current US$ | +9.5% |
| 2023 | 12.40 billion current US$ | +4.1% |
| 2024 | 12.15 billion current US$ | -2.0% |
| 2025 | 9.59 billion current US$ | -21.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 336.91 million current US$ | 98.79 million current US$ | 750.62 million current US$ | 10 |
| 1980s | 864.99 million current US$ | 629.69 million current US$ | 1.30 billion current US$ | 10 |
| 1990s | 1.34 billion current US$ | 1.07 billion current US$ | 1.59 billion current US$ | 10 |
| 2000s | 2.73 billion current US$ | 1.92 billion current US$ | 4.32 billion current US$ | 10 |
| 2010s | 8.56 billion current US$ | 5.79 billion current US$ | 11.26 billion current US$ | 10 |
| 2020s | 11.10 billion current US$ | 9.59 billion current US$ | 12.40 billion current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 21 Thailand 9.98 billion current US$ compare
- 22 Oman 9.18 billion current US$ compare
- 23 Russia 8.86 billion current US$ compare
- 24 Japan 7.17 billion current US$ compare
- 25 Norway 6.29 billion current US$ compare
- 26 Czechia 5.96 billion current US$ compare
- 27 Poland 5.60 billion current US$ compare
More economy & growth data for Latin America & Caribbean
- Gross value added at basic prices (GVA) 5.62 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 1.2% (2025)
- Industry (including construction), value added 30.3% (2025)
- Trade in services 8.7% (2025)
- Services, value added 4.37 trillion constant 2015 US$ (2025)
- Services, value added 2.4% (2025)
- Services, value added 68.2% (2025)
- Inflation, GDP deflator 3.4% (2025)
- Gross value added at basic prices (GVA) 6.85 trillion current US$ (2025)
- GDP per capita growth 1.6% (2025)
Frequently asked questions
- What is personal remittances, paid in Latin America & Caribbean?
- Personal remittances, paid in Latin America & Caribbean was 9.59 billion current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in Latin America & Caribbean?
- The highest recorded value was 12.40 billion current US$ in 2023.
- What is the lowest personal remittances, paid recorded in Latin America & Caribbean?
- The lowest recorded value was 98.79 million current US$ in 1971.
- How does Latin America & Caribbean rank for personal remittances, paid?
- Latin America & Caribbean ranks 24th out of 45 groups with data for 2025.
- Is personal remittances, paid rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 19.7%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, paid (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.