Personal remittances, received in Small states
Small states: Personal remittances, received was 2.1% in 2024. ▲ Rising
Personal remittances, received in Small states, 1986–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Small states recorded 2.1% for personal remittances, received in 2024.
Compared with earlier readings it is down 10.7% on the previous year and down 14.4% over ten years.
Over the whole period, personal remittances, received in Small states peaked at 2.8% in 2021 and was at its lowest, 1.4%, in 2001.
Small states ranks 23rd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 38 years of available data.
Personal remittances, received in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 2.0% | — |
| 1987 | 2.1% | +4.9% |
| 1988 | 2.1% | -0.4% |
| 1989 | 2.3% | +10.2% |
| 1990 | 2.2% | -3.9% |
| 1991 | 1.8% | -17.0% |
| 1992 | 1.8% | -1.1% |
| 1994 | 1.8% | -0.6% |
| 1995 | 1.5% | -17.5% |
| 1996 | 1.6% | +4.9% |
| 1997 | 1.6% | -1.3% |
| 1998 | 1.5% | -3.7% |
| 1999 | 1.5% | +0.1% |
| 2000 | 1.5% | +1.3% |
| 2001 | 1.4% | -5.2% |
| 2002 | 1.4% | +0.2% |
| 2003 | 1.4% | +0.6% |
| 2004 | 1.9% | +30.3% |
| 2005 | 1.9% | +2.1% |
| 2006 | 1.9% | -2.4% |
| 2007 | 1.8% | -2.5% |
| 2008 | 2.3% | +23.8% |
| 2009 | 2.4% | +6.1% |
| 2010 | 2.6% | +7.2% |
| 2011 | 2.5% | -1.3% |
| 2012 | 2.5% | -0.3% |
| 2013 | 2.3% | -8.7% |
| 2014 | 2.5% | +6.0% |
| 2015 | 2.5% | +1.5% |
| 2016 | 2.5% | -0.4% |
| 2017 | 2.3% | -6.5% |
| 2018 | 2.4% | +1.3% |
| 2019 | 2.4% | +3.9% |
| 2020 | 2.7% | +10.0% |
| 2021 | 2.8% | +2.5% |
| 2022 | 2.5% | -8.9% |
| 2023 | 2.4% | -6.2% |
| 2024 | 2.1% | -10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.1% | 2.0% | 2.3% | 4 |
| 1990s | 1.7% | 1.5% | 2.2% | 9 |
| 2000s | 1.8% | 1.4% | 2.4% | 10 |
| 2010s | 2.5% | 2.3% | 2.6% | 10 |
| 2020s | 2.5% | 2.1% | 2.8% | 5 |
Countries ranked near Small states
More economy & growth data for Small states
- Industry (including construction), value added 24.2% (2025)
- Agriculture, forestry, and fishing, value added 8.84 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.7% (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9113 current US$ per US$ of GDP (2025)
- Manufacturing, value added 19.20 billion constant 2015 US$ (2024)
- Industry (including construction), value added 81.58 billion current US$ (2025)
- Industry (including construction), value added 72.77 billion constant 2015 US$ (2025)
- Industry (including construction), value added 9.8% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 6.07 % change on previous year (2025)
- Services, value added 63.5% (2025)
Frequently asked questions
- What is personal remittances, received in Small states?
- Personal remittances, received in Small states was 2.1% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Small states?
- The highest recorded value was 2.8% in 2021.
- What is the lowest personal remittances, received recorded in Small states?
- The lowest recorded value was 1.4% in 2001.
- How does Small states rank for personal remittances, received?
- Small states ranks 23rd out of 47 groups with data for 2024.
- Is personal remittances, received rising or falling in Small states?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is rising.
- Where does this 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.