Personal remittances, received in Bahamas
Bahamas: Personal remittances, received was 0.4% in 2024. ▼ Falling
Personal remittances, received in Bahamas, 2020–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Bahamas recorded 0.4% for personal remittances, received in 2024.
Compared with earlier readings it is up 1.5% on the previous year and down 15.1% over five years.
Bahamas ranks 152nd of 196 countries on this measure, in the bottom quarter.
Personal remittances, received in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2020 | 0.5% | — |
| 2021 | 0.4% | -10.1% |
| 2022 | 0.4% | -5.5% |
| 2023 | 0.4% | -1.5% |
| 2024 | 0.4% | +1.5% |
Countries ranked near Bahamas
- 149 Seychelles 0.5% compare
- 150 Italy 0.5% compare
- 151 Germany 0.5% compare
- 153 Netherlands 0.4% compare
- 154 Malaysia 0.4% compare
- 155 Republic of Korea 0.4% 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)
- Exports of goods and services (current LCU), annual growth rate 3.6 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.3778 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 14,908 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 6.18 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3039 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 11,991 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 22.61 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2575 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is personal remittances, received in Bahamas?
- Personal remittances, received in Bahamas was 0.4% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Bahamas?
- The highest recorded value was 0.5% in 2020.
- What is the lowest personal remittances, received recorded in Bahamas?
- The lowest recorded value was 0.4% in 2023.
- How does Bahamas rank for personal remittances, received?
- Bahamas ranks 152nd out of 196 countries with data for 2024.
- Where does this Bahamas data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.