Volume of remittances (in United States dollars) as a proportion of in Barbados
Barbados: Volume of remittances (in United States dollars) as a proportion of was 1.5% in 2017. ▼ Falling
Latest (2017)
1.5%
Change on year
down 46.0%
World rank
119th
of 203 countries
All-time high
4.3%
in 2001
All-time low
1.4%
in 2010
Years of data
18
2000–2017
Volume of remittances (in United States dollars) as a proportion of in Barbados, 2000–2017
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Barbados recorded 1.5% for volume of remittances (in united states dollars) as a proportion of in 2017.
Compared with earlier readings it is down 46.0% on the previous year and down 49.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Barbados peaked at 4.3% in 2001 and was at its lowest, 1.4%, in 2010.
That places Barbados 119th out of 203 countries with data for 2017, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 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 | 1.4% | -43.7% |
| 2011 | 2.6% | +80.2% |
| 2012 | 2.6% | +1.6% |
| 2013 | 3.4% | +27.5% |
| 2014 | 3.4% | -0.4% |
| 2015 | 3.5% | +3.5% |
| 2016 | 2.8% | -20.1% |
| 2017 | 1.5% | -46.0% |
Barbados compared with similar countries
- Barbados's 1.5% is above the median for high income countries, which is 0.7%, 2.0× the median. (66 countries reporting)
- Barbados's 1.5% is below the median for Latin America & Caribbean, which is 2.8%, 53% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 2.1% | 4.3% | 10 |
| 2010s | 2.6% | 1.4% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Barbados?
- Volume of remittances (in united states dollars) as a proportion of in Barbados was 1.5% in 2017, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Barbados?
- The highest recorded value was 4.3% in 2001.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Barbados?
- The lowest recorded value was 1.4% in 2010.
- How does Barbados rank for volume of remittances (in united states dollars) as a proportion of?
- Barbados ranks 119th out of 203 countries with data for 2017.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Barbados?
- Over the last ten years it is down 49.5%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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