Personal remittances, received in Nicaragua
Nicaragua: Personal remittances, received was 26.6% in 2024. ◆ Volatile
Personal remittances, received in Nicaragua, 1977–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Nicaragua recorded 26.6% for personal remittances, received in 2024. That is the highest value across all 36 years on record.
The figure is up 1.7% on the previous year and up 177.5% over ten years.
Over the whole period, personal remittances, received in Nicaragua peaked at 26.6% in 2024 and was at its lowest, 0.2%, in 1977.
Nicaragua ranks 6th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Nicaragua, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 0.2% | — |
| 1978 | 0.2% | +10.0% |
| 1979 | 0.3% | +49.0% |
| 1992 | 0.6% | +94.3% |
| 1993 | 1.4% | +155.2% |
| 1994 | 1.3% | -9.1% |
| 1995 | 1.8% | +40.0% |
| 1996 | 2.2% | +21.7% |
| 1997 | 3.4% | +55.0% |
| 1998 | 4.3% | +26.3% |
| 1999 | 6.2% | +43.2% |
| 2000 | 6.3% | +1.4% |
| 2001 | 6.3% | +0.2% |
| 2002 | 7.2% | +14.9% |
| 2003 | 8.2% | +14.4% |
| 2004 | 9.0% | +8.6% |
| 2005 | 9.7% | +8.8% |
| 2006 | 10.3% | +5.9% |
| 2007 | 10.0% | -3.4% |
| 2008 | 9.6% | -3.1% |
| 2009 | 9.3% | -3.8% |
| 2010 | 9.4% | +1.5% |
| 2011 | 9.3% | -0.7% |
| 2012 | 9.6% | +3.2% |
| 2013 | 9.8% | +2.0% |
| 2014 | 9.6% | -2.5% |
| 2015 | 9.4% | -2.2% |
| 2016 | 9.5% | +1.7% |
| 2017 | 10.1% | +6.0% |
| 2018 | 11.6% | +14.2% |
| 2019 | 13.3% | +14.9% |
| 2020 | 14.6% | +9.8% |
| 2021 | 15.1% | +3.8% |
| 2022 | 20.6% | +36.4% |
| 2023 | 26.2% | +26.9% |
| 2024 | 26.6% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.3% | 3 |
| 1990s | 2.7% | 0.6% | 6.2% | 8 |
| 2000s | 8.6% | 6.3% | 10.3% | 10 |
| 2010s | 10.2% | 9.3% | 13.3% | 10 |
| 2020s | 20.6% | 14.6% | 26.6% | 5 |
Countries ranked near Nicaragua
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 2,181 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 9.13 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.13 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 3,594 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.13 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 41.48 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 131,635 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 8.03 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Nicaragua?
- Personal remittances, received in Nicaragua was 26.6% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Nicaragua?
- The highest recorded value was 26.6% in 2024.
- What is the lowest personal remittances, received recorded in Nicaragua?
- The lowest recorded value was 0.2% in 1977.
- How does Nicaragua rank for personal remittances, received?
- Nicaragua ranks 6th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Nicaragua?
- Over the last ten years it is up 177.5%. The long-run trend across the full record is volatile.
- Where does this Nicaragua 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.