Personal remittances, received in Barbados
Barbados: Personal remittances, received was 1.5% in 2017. ▲ Rising
Personal remittances, received in Barbados, 1970–2017
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2017, personal remittances, received in Barbados stood at 1.5%.
That represents a change of down 47.5% on the previous year and down 50.9% over ten years.
Over the whole period, personal remittances, received in Barbados peaked at 4.3% in 2001 and was at its lowest, 0.6%, 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 in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 2.6% | — |
| 1971 | 2.5% | -6.8% |
| 1972 | 2.4% | -3.2% |
| 1973 | 2.4% | +2.5% |
| 1974 | 2.6% | +6.6% |
| 1975 | 2.3% | -12.2% |
| 1976 | 2.2% | -3.4% |
| 1977 | 2.0% | -8.8% |
| 1978 | 2.1% | +4.8% |
| 1979 | 2.1% | +0.1% |
| 1980 | 0.9% | -57.6% |
| 1981 | 1.0% | +10.3% |
| 1982 | 0.8% | -21.6% |
| 1983 | 0.7% | -12.1% |
| 1984 | 0.8% | +12.9% |
| 1985 | 0.6% | -25.1% |
| 1986 | 0.7% | +20.7% |
| 1987 | 1.7% | +137.1% |
| 1988 | 1.8% | +6.5% |
| 1989 | 1.6% | -9.5% |
| 1990 | 1.9% | +18.1% |
| 1991 | 2.2% | +18.6% |
| 1992 | 2.8% | +24.6% |
| 1993 | 2.7% | -3.7% |
| 1994 | 2.7% | -0.9% |
| 1995 | 2.7% | +3.3% |
| 1996 | 2.9% | +4.7% |
| 1997 | 3.1% | +7.1% |
| 1998 | 3.1% | -0.1% |
| 1999 | 3.3% | +8.6% |
| 2000 | 3.7% | +10.7% |
| 2001 | 4.3% | +15.0% |
| 2002 | 4.0% | -5.4% |
| 2003 | 4.1% | +1.0% |
| 2004 | 3.8% | -6.8% |
| 2005 | 2.5% | -34.7% |
| 2006 | 2.1% | -16.2% |
| 2007 | 3.0% | +43.2% |
| 2008 | 2.1% | -28.8% |
| 2009 | 2.6% | +21.4% |
| 2010 | 1.5% | -41.2% |
| 2011 | 2.6% | +75.6% |
| 2012 | 2.8% | +4.9% |
| 2013 | 3.4% | +21.5% |
| 2014 | 3.3% | -1.6% |
| 2015 | 3.5% | +4.7% |
| 2016 | 2.8% | -20.2% |
| 2017 | 1.5% | -47.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.3% | 2.0% | 2.6% | 10 |
| 1980s | 1.0% | 0.6% | 1.8% | 10 |
| 1990s | 2.7% | 1.9% | 3.3% | 10 |
| 2000s | 3.2% | 2.1% | 4.3% | 10 |
| 2010s | 2.7% | 1.5% | 3.5% | 8 |
Countries ranked near Barbados
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0495 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 1,331 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.099 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 2,663 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0424 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 1,139 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 2,645 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 4.5 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Barbados?
- Personal remittances, received in Barbados was 1.5% in 2017, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Barbados?
- The highest recorded value was 4.3% in 2001.
- What is the lowest personal remittances, received recorded in Barbados?
- The lowest recorded value was 0.6% in 1985.
- How does Barbados rank for personal remittances, received?
- Barbados ranks 115th out of 196 countries with data for 2017.
- Is personal remittances, received 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 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.