Personal remittances, received (current US$), per unit of GDP in Barbados
Barbados: Personal remittances, received (current US$), per unit of GDP was 0.0146 current US$ per US$ of GDP in 2017. ▲ Rising
Personal remittances, received (current US$), per unit of GDP in Barbados, 1970–2017
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Barbados recorded 0.0146 current US$ per US$ of GDP for personal remittances, received (current us$), per unit of gdp in 2017.
Compared with earlier readings it is down 47.5% on the previous year and down 50.9% over ten years.
Over the whole period, personal remittances, received (current us$), per unit of gdp in Barbados peaked at 0.0425 current US$ per US$ of GDP in 2001 and was at its lowest, 0.0058 current US$ per US$ of GDP, in 1985.
Barbados ranks 115th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Personal remittances, received (current US$), per unit of GDP in Barbados, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0265 current US$ per US$ of GDP | — |
| 1971 | 0.0247 current US$ per US$ of GDP | -6.8% |
| 1972 | 0.0239 current US$ per US$ of GDP | -3.2% |
| 1973 | 0.0245 current US$ per US$ of GDP | +2.5% |
| 1974 | 0.0261 current US$ per US$ of GDP | +6.6% |
| 1975 | 0.0229 current US$ per US$ of GDP | -12.2% |
| 1976 | 0.0221 current US$ per US$ of GDP | -3.4% |
| 1977 | 0.0202 current US$ per US$ of GDP | -8.8% |
| 1978 | 0.0212 current US$ per US$ of GDP | +4.8% |
| 1979 | 0.0212 current US$ per US$ of GDP | +0.1% |
| 1980 | 0.009 current US$ per US$ of GDP | -57.6% |
| 1981 | 0.0099 current US$ per US$ of GDP | +10.3% |
| 1982 | 0.0078 current US$ per US$ of GDP | -21.6% |
| 1983 | 0.0068 current US$ per US$ of GDP | -12.1% |
| 1984 | 0.0077 current US$ per US$ of GDP | +12.9% |
| 1985 | 0.0058 current US$ per US$ of GDP | -25.1% |
| 1986 | 0.007 current US$ per US$ of GDP | +20.7% |
| 1987 | 0.0165 current US$ per US$ of GDP | +137.1% |
| 1988 | 0.0176 current US$ per US$ of GDP | +6.5% |
| 1989 | 0.016 current US$ per US$ of GDP | -9.5% |
| 1990 | 0.0188 current US$ per US$ of GDP | +18.1% |
| 1991 | 0.0223 current US$ per US$ of GDP | +18.6% |
| 1992 | 0.0278 current US$ per US$ of GDP | +24.6% |
| 1993 | 0.0268 current US$ per US$ of GDP | -3.7% |
| 1994 | 0.0266 current US$ per US$ of GDP | -0.9% |
| 1995 | 0.0275 current US$ per US$ of GDP | +3.3% |
| 1996 | 0.0288 current US$ per US$ of GDP | +4.7% |
| 1997 | 0.0308 current US$ per US$ of GDP | +7.1% |
| 1998 | 0.0308 current US$ per US$ of GDP | -0.1% |
| 1999 | 0.0334 current US$ per US$ of GDP | +8.6% |
| 2000 | 0.037 current US$ per US$ of GDP | +10.7% |
| 2001 | 0.0425 current US$ per US$ of GDP | +15.0% |
| 2002 | 0.0403 current US$ per US$ of GDP | -5.4% |
| 2003 | 0.0407 current US$ per US$ of GDP | +1.0% |
| 2004 | 0.0379 current US$ per US$ of GDP | -6.8% |
| 2005 | 0.0247 current US$ per US$ of GDP | -34.7% |
| 2006 | 0.0207 current US$ per US$ of GDP | -16.2% |
| 2007 | 0.0297 current US$ per US$ of GDP | +43.2% |
| 2008 | 0.0211 current US$ per US$ of GDP | -28.8% |
| 2009 | 0.0256 current US$ per US$ of GDP | +21.4% |
| 2010 | 0.0151 current US$ per US$ of GDP | -41.2% |
| 2011 | 0.0265 current US$ per US$ of GDP | +75.6% |
| 2012 | 0.0278 current US$ per US$ of GDP | +4.9% |
| 2013 | 0.0337 current US$ per US$ of GDP | +21.5% |
| 2014 | 0.0332 current US$ per US$ of GDP | -1.6% |
| 2015 | 0.0347 current US$ per US$ of GDP | +4.7% |
| 2016 | 0.0277 current US$ per US$ of GDP | -20.2% |
| 2017 | 0.0146 current US$ per US$ of GDP | -47.5% |
Barbados compared with similar countries
- Barbados's 0.0146 current US$ per US$ of GDP is above the median for high income countries, which is 0.007 current US$ per US$ of GDP, 2.1× the median. (69 countries reporting)
- Barbados's 0.0146 current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0287 current US$ per US$ of GDP, 51% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$), per unit of GDP in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +137.1% | 0.007 current US$ per US$ of GDP | 0.0165 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0233 current US$ per US$ of GDP | 0.0202 current US$ per US$ of GDP | 0.0265 current US$ per US$ of GDP | 10 |
| 1980s | 0.0104 current US$ per US$ of GDP | 0.0058 current US$ per US$ of GDP | 0.0176 current US$ per US$ of GDP | 10 |
| 1990s | 0.0274 current US$ per US$ of GDP | 0.0188 current US$ per US$ of GDP | 0.0334 current US$ per US$ of GDP | 10 |
| 2000s | 0.032 current US$ per US$ of GDP | 0.0207 current US$ per US$ of GDP | 0.0425 current US$ per US$ of GDP | 10 |
| 2010s | 0.0267 current US$ per US$ of GDP | 0.0146 current US$ per US$ of GDP | 0.0347 current US$ per US$ of GDP | 8 |
Countries ranked near Barbados
- 112 Malawi 0.0165 current US$ per US$ of GDP compare
- 113 Peru 0.0158 current US$ per US$ of GDP compare
- 114 Lao People's Democratic Republic 0.0149 current US$ per US$ of GDP compare
- 116 Lithuania 0.0144 current US$ per US$ of GDP compare
- 117 Tanzania, United Republic of 0.0142 current US$ per US$ of GDP compare
- 118 Slovenia 0.0137 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received (current us$), per unit of gdp in Barbados?
- Personal remittances, received (current us$), per unit of gdp in Barbados was 0.0146 current US$ per US$ of GDP in 2017, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.0425 current US$ per US$ of GDP in 2001.
- What is the lowest personal remittances, received (current us$), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.0058 current US$ per US$ of GDP in 1985.
- How does Barbados rank for personal remittances, received (current us$), per unit of gdp?
- Barbados ranks 115th out of 196 countries with data for 2017.
- Is personal remittances, received (current us$), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 50.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, received (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, received (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.