Volume of remittances (in United States dollars) … total in Caribbean
Caribbean: Volume of remittances (in United States dollars) … total was 4.5% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Caribbean stood at 4.5%.
The figure is up 5.0% on the previous year and down 4.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Caribbean peaked at 5.4% in 2008 and was at its lowest, 3.9%, in 2000.
That places Caribbean 72nd out of 205 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) … total in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 4.4% | +13.0% |
| 2002 | 4.9% | +9.3% |
| 2003 | 5.3% | +9.3% |
| 2004 | 4.8% | -8.8% |
| 2005 | 4.9% | +0.2% |
| 2006 | 5.0% | +3.1% |
| 2007 | 5.0% | -0.4% |
| 2008 | 5.4% | +8.8% |
| 2009 | 4.9% | -9.1% |
| 2010 | 4.5% | -7.8% |
| 2011 | 4.6% | +1.6% |
| 2012 | 4.8% | +4.3% |
| 2013 | 4.9% | +1.0% |
| 2014 | 4.7% | -3.4% |
| 2015 | 4.5% | -4.1% |
| 2016 | 4.1% | -8.2% |
| 2017 | 4.2% | +0.6% |
| 2018 | 4.3% | +4.2% |
| 2019 | 4.3% | -0.5% |
| 2020 | 4.6% | +6.2% |
| 2021 | 4.4% | -4.5% |
| 2022 | 4.5% | +1.7% |
| 2023 | 4.3% | -4.0% |
| 2024 | 4.5% | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 3.9% | 5.4% | 10 |
| 2010s | 4.5% | 4.1% | 4.9% | 10 |
| 2020s | 4.4% | 4.3% | 4.6% | 5 |
Countries ranked near Caribbean
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.07 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.3236 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 15.55 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 92,184 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Caribbean?
- Volume of remittances (in united states dollars) as a proportion of in Caribbean was 4.5% in 2024, 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 Caribbean?
- The highest recorded value was 5.4% in 2008.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Caribbean?
- The lowest recorded value was 3.9% in 2000.
- How does Caribbean rank for volume of remittances (in united states dollars) as a proportion of?
- Caribbean ranks 72nd out of 205 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Caribbean?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is falling.
- Where does this Caribbean 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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