Personal remittances, received in Barbados
Barbados: Personal remittances, received was 85.18 million current US$ in 2017. ◆ Volatile
Personal remittances, received in Barbados, 1970–2017
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2017, personal remittances, received in Barbados stood at 85.18 million current US$.
Compared with earlier readings it is down 45.9% on the previous year and down 38.6% over ten years.
Over the whole period, personal remittances, received in Barbados peaked at 198.04 million current US$ in 2015 and was at its lowest, 4.40 million current US$, in 1970.
That places Barbados 162nd out of 197 countries with data for 2017, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Barbados, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 4.40 million current US$ | — |
| 1971 | 4.61 million current US$ | +4.7% |
| 1972 | 5.10 million current US$ | +10.7% |
| 1973 | 6.38 million current US$ | +25.1% |
| 1974 | 8.13 million current US$ | +27.5% |
| 1975 | 9.21 million current US$ | +13.3% |
| 1976 | 9.65 million current US$ | +4.7% |
| 1977 | 10.00 million current US$ | +3.6% |
| 1978 | 11.70 million current US$ | +17.0% |
| 1979 | 14.20 million current US$ | +21.4% |
| 1980 | 9.10 million current US$ | -35.9% |
| 1981 | 11.05 million current US$ | +21.4% |
| 1982 | 9.05 million current US$ | -18.1% |
| 1983 | 8.45 million current US$ | -6.6% |
| 1984 | 10.40 million current US$ | +23.1% |
| 1985 | 8.15 million current US$ | -21.6% |
| 1986 | 10.80 million current US$ | +32.5% |
| 1987 | 28.20 million current US$ | +161.1% |
| 1988 | 31.95 million current US$ | +13.3% |
| 1989 | 32.00 million current US$ | +0.2% |
| 1990 | 37.90 million current US$ | +18.4% |
| 1991 | 45.15 million current US$ | +19.1% |
| 1992 | 54.50 million current US$ | +20.7% |
| 1993 | 55.35 million current US$ | +1.6% |
| 1994 | 57.20 million current US$ | +3.3% |
| 1995 | 60.90 million current US$ | +6.5% |
| 1996 | 68.00 million current US$ | +11.7% |
| 1997 | 77.00 million current US$ | +13.2% |
| 1998 | 86.75 million current US$ | +12.7% |
| 1999 | 98.70 million current US$ | +13.8% |
| 2000 | 113.20 million current US$ | +14.7% |
| 2001 | 129.95 million current US$ | +14.8% |
| 2002 | 125.06 million current US$ | -3.8% |
| 2003 | 130.50 million current US$ | +4.3% |
| 2004 | 130.51 million current US$ | +0.0% |
| 2005 | 94.46 million current US$ | -27.6% |
| 2006 | 87.35 million current US$ | -7.5% |
| 2007 | 138.67 million current US$ | +58.8% |
| 2008 | 101.16 million current US$ | -27.1% |
| 2009 | 114.48 million current US$ | +13.2% |
| 2010 | 81.87 million current US$ | -28.5% |
| 2011 | 147.29 million current US$ | +79.9% |
| 2012 | 152.32 million current US$ | +3.4% |
| 2013 | 190.98 million current US$ | +25.4% |
| 2014 | 188.72 million current US$ | -1.2% |
| 2015 | 198.04 million current US$ | +4.9% |
| 2016 | 157.51 million current US$ | -20.5% |
| 2017 | 85.18 million current US$ | -45.9% |
Barbados compared with similar countries
- Barbados's 85.18 million current US$ is below the median for high income countries, which is 844.01 million current US$, 10% of the median. (69 countries reporting)
- Barbados's 85.18 million current US$ is below the median for Latin America & Caribbean, which is 279.00 million current US$, 31% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +161.1% | 10.80 million current US$ | 28.20 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.34 million current US$ | 4.40 million current US$ | 14.20 million current US$ | 10 |
| 1980s | 15.91 million current US$ | 8.15 million current US$ | 32.00 million current US$ | 10 |
| 1990s | 64.14 million current US$ | 37.90 million current US$ | 98.70 million current US$ | 10 |
| 2000s | 116.53 million current US$ | 87.35 million current US$ | 138.67 million current US$ | 10 |
| 2010s | 150.24 million current US$ | 81.87 million current US$ | 198.04 million current US$ | 8 |
Countries ranked near Barbados
- 159 Solomon Islands 95.18 million current US$ compare
- 160 Mauritania 94.54 million current US$ compare
- 161 Saint Vincent and the Grenadines 88.32 million current US$ compare
- 163 Sao Tome and Principe 80.14 million current US$ compare
- 164 Marshall Islands 66.91 million current US$ compare
- 165 Bahamas 65.93 million current US$
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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Barbados?
- Personal remittances, received in Barbados was 85.18 million current US$ in 2017, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Barbados?
- The highest recorded value was 198.04 million current US$ in 2015.
- What is the lowest personal remittances, received recorded in Barbados?
- The lowest recorded value was 4.40 million current US$ in 1970.
- How does Barbados rank for personal remittances, received?
- Barbados ranks 162nd out of 197 countries with data for 2017.
- Is personal remittances, received rising or falling in Barbados?
- Over the last ten years it is down 38.6%. The long-run trend across the full record is volatile.
- Where does this Barbados 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.