Personal remittances, received in Pacific island small states
Pacific island small states: Personal remittances, received was 11.2% in 2024. ▲ Rising
Personal remittances, received in Pacific island small states, 1979–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Pacific island small states is 11.2%, measured in 2024.
The figure is down 6.5% on the previous year and up 69.2% over ten years.
Over the whole period, personal remittances, received in Pacific island small states peaked at 13.1% in 2022 and was at its lowest, 2.0%, in 1979.
That places Pacific island small states 1st out of 47 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 42 years of available data.
Personal remittances, received in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 2.0% | — |
| 1980 | 2.3% | +13.7% |
| 1981 | 2.6% | +13.3% |
| 1982 | 3.1% | +18.4% |
| 1983 | 3.7% | +20.7% |
| 1984 | 3.6% | -4.1% |
| 1985 | 5.9% | +65.9% |
| 1986 | 5.7% | -4.1% |
| 1987 | 6.5% | +14.0% |
| 1988 | 5.8% | -11.0% |
| 1989 | 5.6% | -2.5% |
| 1990 | 5.7% | +1.8% |
| 1991 | 4.7% | -18.6% |
| 1992 | 5.0% | +7.5% |
| 1993 | 4.5% | -10.7% |
| 1994 | 3.9% | -13.0% |
| 1999 | 2.7% | -30.6% |
| 2000 | 4.0% | +49.0% |
| 2001 | 7.3% | +80.4% |
| 2002 | 7.5% | +3.5% |
| 2003 | 6.7% | -11.2% |
| 2004 | 6.1% | -8.5% |
| 2005 | 7.9% | +29.0% |
| 2006 | 8.0% | +0.7% |
| 2007 | 7.1% | -10.4% |
| 2008 | 6.6% | -8.0% |
| 2009 | 7.6% | +15.7% |
| 2010 | 7.2% | -5.6% |
| 2011 | 6.6% | -8.3% |
| 2012 | 7.0% | +7.1% |
| 2013 | 7.1% | +1.1% |
| 2014 | 6.6% | -7.0% |
| 2015 | 7.1% | +6.7% |
| 2016 | 7.1% | +0.1% |
| 2017 | 7.4% | +4.1% |
| 2018 | 7.7% | +4.5% |
| 2019 | 8.3% | +8.3% |
| 2020 | 10.2% | +22.2% |
| 2021 | 12.7% | +24.4% |
| 2022 | 13.1% | +3.6% |
| 2023 | 12.0% | -8.7% |
| 2024 | 11.2% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 2.0% | 2.0% | 1 |
| 1980s | 4.5% | 2.3% | 6.5% | 10 |
| 1990s | 4.4% | 2.7% | 5.7% | 6 |
| 2000s | 6.9% | 4.0% | 8.0% | 10 |
| 2010s | 7.2% | 6.6% | 8.3% | 10 |
| 2020s | 11.8% | 10.2% | 13.1% | 5 |
Countries ranked near Pacific island small states
More economy & growth data for Pacific island small states
- Services, value added (constant 2015 US$), per unit of GDP 0.5078 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 7.15 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1212 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 548.92 constant 2015 US$ per person (2024)
- Services, value added (current US$), annual growth rate 6.91 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5679 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 2,572 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.29 % change on previous year (2024)
- Inflation, GDP deflator 3.0% (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,983 current US$ per person (2024)
Frequently asked questions
- What is personal remittances, received in Pacific island small states?
- Personal remittances, received in Pacific island small states was 11.2% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Pacific island small states?
- The highest recorded value was 13.1% in 2022.
- What is the lowest personal remittances, received recorded in Pacific island small states?
- The lowest recorded value was 2.0% in 1979.
- How does Pacific island small states rank for personal remittances, received?
- Pacific island small states ranks 1st out of 47 groups with data for 2024.
- Is personal remittances, received rising or falling in Pacific island small states?
- Over the last ten years it is up 69.2%. The long-run trend across the full record is rising.
- Where does this Pacific island 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.
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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.