Personal remittances, received (current US$) (Personal IMF balance) in Cayman Islands
Cayman Islands: Personal remittances, received (current US$) (Personal IMF balance) was 11.50 million current US$ in 2024. ▼ Falling
Personal remittances, received in Cayman Islands, 2016–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, personal remittances, received in Cayman Islands stood at 11.50 million current US$.
Compared with earlier readings it is up 6.1% on the previous year and down 14.9% over ten years.
Over the whole period, personal remittances, received in Cayman Islands peaked at 15.58 million current US$ in 2017 and was at its lowest, 9.01 million current US$, in 2020.
Cayman Islands ranks 188th of 197 countries on this measure, in the bottom quarter.
Personal remittances, received (current US$) (Personal IMF balance) in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2016 | 13.51 million current US$ | — |
| 2017 | 15.58 million current US$ | +15.4% |
| 2018 | 14.26 million current US$ | -8.5% |
| 2019 | 14.15 million current US$ | -0.8% |
| 2020 | 9.01 million current US$ | -36.3% |
| 2021 | 10.21 million current US$ | +13.4% |
| 2022 | 12.75 million current US$ | +24.8% |
| 2023 | 10.84 million current US$ | -15.0% |
| 2024 | 11.50 million current US$ | +6.1% |
Cayman Islands compared with similar countries
- Cayman Islands's 11.50 million current US$ is below the median for high income countries, which is 844.01 million current US$, 1% of the median. (69 countries reporting)
- Cayman Islands's 11.50 million current US$ is below the median for Latin America & Caribbean, which is 545.58 million current US$, 2% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.37 million current US$ | 13.51 million current US$ | 15.58 million current US$ | 4 |
| 2020s | 10.86 million current US$ | 9.01 million current US$ | 12.75 million current US$ | 5 |
Countries ranked near Cayman Islands
- 185 Malta 15.66 million current US$ compare
- 186 Seychelles 12.51 million current US$ compare
- 187 Sudan 11.94 million current US$ compare
- 189 Turks and Caicos Islands 7.48 million current US$
- 190 Maldives 5.93 million current US$ compare
- 191 Papua New Guinea 3.87 million current US$ compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2243 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
Frequently asked questions
- What is personal remittances, received in Cayman Islands?
- Personal remittances, received in Cayman Islands was 11.50 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 Cayman Islands?
- The highest recorded value was 15.58 million current US$ in 2017.
- What is the lowest personal remittances, received recorded in Cayman Islands?
- The lowest recorded value was 9.01 million current US$ in 2020.
- How does Cayman Islands rank for personal remittances, received?
- Cayman Islands ranks 188th out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Cayman Islands?
- Over the last ten years it is down 14.9%. The long-run trend across the full record is falling.
- Where does this Cayman Islands 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.