Personal remittances, received in Caribbean Small States
Caribbean Small States: Personal remittances, received was 1.9% in 2023. ▲ Rising
Personal remittances, received in Caribbean Small States, 1977–2023
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2023, personal remittances, received in Caribbean Small States stood at 1.9%.
The figure is down 3.7% on the previous year and up 2.4% over ten years.
Over the whole period, personal remittances, received in Caribbean Small States peaked at 2.5% in 2020 and was at its lowest, 0.3%, in 1982.
That places Caribbean Small States 27th out of 47 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Personal remittances, received in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 0.4% | — |
| 1978 | 0.5% | +17.4% |
| 1979 | 0.5% | +1.1% |
| 1980 | 0.4% | -23.4% |
| 1981 | 0.3% | -9.1% |
| 1982 | 0.3% | -21.6% |
| 1983 | 0.3% | +10.9% |
| 1984 | 0.5% | +79.4% |
| 1985 | 0.6% | +11.1% |
| 1986 | 1.3% | +123.0% |
| 1987 | 1.6% | +19.2% |
| 1988 | 1.6% | +0.0% |
| 1989 | 1.7% | +6.8% |
| 1990 | 1.6% | -6.6% |
| 1991 | 1.0% | -33.8% |
| 1992 | 1.0% | -5.4% |
| 1993 | 1.8% | +79.7% |
| 1994 | 1.8% | +2.1% |
| 1995 | 1.6% | -10.7% |
| 1996 | 1.7% | +8.1% |
| 1997 | 1.8% | +4.5% |
| 1998 | 1.9% | +7.2% |
| 1999 | 2.0% | +5.6% |
| 2000 | 1.9% | -8.6% |
| 2001 | 1.9% | +3.9% |
| 2002 | 2.2% | +15.2% |
| 2003 | 2.3% | +3.4% |
| 2004 | 2.3% | +1.5% |
| 2005 | 2.2% | -6.0% |
| 2006 | 1.9% | -12.8% |
| 2007 | 2.1% | +6.7% |
| 2008 | 1.6% | -21.8% |
| 2009 | 2.0% | +25.6% |
| 2010 | 1.9% | -4.1% |
| 2011 | 2.2% | +11.5% |
| 2012 | 2.1% | -1.1% |
| 2013 | 1.9% | -12.8% |
| 2014 | 1.8% | -0.9% |
| 2015 | 1.9% | +5.0% |
| 2016 | 2.0% | +5.8% |
| 2017 | 2.0% | -1.2% |
| 2018 | 2.1% | +5.1% |
| 2019 | 2.4% | +13.4% |
| 2020 | 2.5% | +5.8% |
| 2021 | 2.5% | -0.4% |
| 2022 | 2.0% | -22.1% |
| 2023 | 1.9% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5% | 0.4% | 0.5% | 3 |
| 1980s | 0.8% | 0.3% | 1.7% | 10 |
| 1990s | 1.6% | 1.0% | 2.0% | 10 |
| 2000s | 2.0% | 1.6% | 2.3% | 10 |
| 2010s | 2.0% | 1.8% | 2.4% | 10 |
| 2020s | 2.2% | 1.9% | 2.5% | 4 |
Countries ranked near Caribbean Small States
- 24 Cape Verde 11.7% compare
- 25 Egypt 11.4% compare
- 26 Georgia 11.2% compare
- 27 Bosnia and Herzegovina 10.7% compare
- 28 Senegal 10.6% compare
- 29 French Polynesia 10.6% compare
- 30 Timor-Leste 10.0% compare
More economy & growth data for Caribbean Small States
- GNI, Atlas method (current US$), annual growth rate 3.62 % change on previous year (2025)
- GNI per capita, Atlas method 19,403 current US$ (2025)
- GNI (current US$), per capita 19,164 current US$ per person (2025)
- GNI (current US$), per unit of GDP 0.9178 current US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate 3.26 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 19,403 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9292 current US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 7.98 % change on previous year (2025)
- GDP (current US$), annual growth rate 5.2 % change on previous year (2025)
- GDP (current US$), per capita 20,880 current US$ per person (2025)
Frequently asked questions
- What is personal remittances, received in Caribbean Small States?
- Personal remittances, received in Caribbean Small States was 1.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Caribbean Small States?
- The highest recorded value was 2.5% in 2020.
- What is the lowest personal remittances, received recorded in Caribbean Small States?
- The lowest recorded value was 0.3% in 1982.
- How does Caribbean Small States rank for personal remittances, received?
- Caribbean Small States ranks 27th out of 47 groups with data for 2023.
- Is personal remittances, received rising or falling in Caribbean Small States?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.