Personal remittances, received in Bahamas
Bahamas: Personal remittances, received was 65.93 million current US$ in 2024. ▲ Rising
Personal remittances, received in Bahamas, 2020–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Bahamas is 65.93 million current US$, measured in 2024. That is the highest value across all 5 years on record.
That represents a change of up 5.2% on the previous year and up 29.8% over five years.
Bahamas ranks 165th of 197 countries on this measure, in the bottom quarter.
Personal remittances, received in Bahamas, year by year
| Year | current US$ | Change |
|---|---|---|
| 2020 | 50.81 million current US$ | — |
| 2021 | 53.04 million current US$ | +4.4% |
| 2022 | 57.89 million current US$ | +9.1% |
| 2023 | 62.67 million current US$ | +8.3% |
| 2024 | 65.93 million current US$ | +5.2% |
Bahamas compared with similar countries
- Bahamas's 65.93 million current US$ is below the median for high income countries, which is 844.01 million current US$, 8% of the median. (69 countries reporting)
- Bahamas's 65.93 million current US$ is below the median for Latin America & Caribbean, which is 279.00 million current US$, 24% of the median. (37 countries reporting)
Countries ranked near Bahamas
- 162 Barbados 85.18 million current US$
- 163 Sao Tome and Principe 80.14 million current US$ compare
- 164 Marshall Islands 66.91 million current US$ compare
- 166 Saint Lucia 62.48 million current US$ compare
- 167 Djibouti 56.00 million current US$ compare
- 168 Andorra 52.34 million current US$ compare
More economy & growth data for Bahamas
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Bahamas?
- Personal remittances, received in Bahamas was 65.93 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Bahamas?
- The highest recorded value was 65.93 million current US$ in 2024.
- What is the lowest personal remittances, received recorded in Bahamas?
- The lowest recorded value was 50.81 million current US$ in 2020.
- How does Bahamas rank for personal remittances, received?
- Bahamas ranks 165th out of 197 countries with data for 2024.
- Where does this Bahamas data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (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.