Volume of remittances (in United States dollars) as a proportion of in El Salvador
El Salvador: Volume of remittances (in United States dollars) as a proportion of was 24.0% in 2024. ▲ Rising
Latest (2024)
24.0%
Change on year
down 1.9%
World rank
9th
of 203 countries
All-time high
26.2%
in 2021
All-time low
15.0%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in El Salvador, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in El Salvador is 24.0%, measured in 2024.
That represents a change of down 1.9% on the previous year and up 30.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in El Salvador peaked at 26.2% in 2021 and was at its lowest, 15.0%, in 2000.
That places El Salvador 9th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in El Salvador, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 15.0% | — |
| 2001 | 15.7% | +4.7% |
| 2002 | 15.4% | -1.6% |
| 2003 | 16.0% | +3.9% |
| 2004 | 18.7% | +16.6% |
| 2005 | 20.6% | +10.3% |
| 2006 | 21.8% | +5.6% |
| 2007 | 21.8% | +0.2% |
| 2008 | 20.9% | -4.3% |
| 2009 | 19.3% | -7.4% |
| 2010 | 18.8% | -2.6% |
| 2011 | 18.0% | -4.5% |
| 2012 | 18.3% | +1.9% |
| 2013 | 18.0% | -1.4% |
| 2014 | 18.4% | +2.1% |
| 2015 | 18.2% | -1.0% |
| 2016 | 18.9% | +3.4% |
| 2017 | 20.0% | +6.1% |
| 2018 | 20.7% | +3.6% |
| 2019 | 21.0% | +1.6% |
| 2020 | 23.8% | +13.1% |
| 2021 | 26.2% | +10.3% |
| 2022 | 24.6% | -6.1% |
| 2023 | 24.5% | -0.6% |
| 2024 | 24.0% | -1.9% |
El Salvador compared with similar countries
- El Salvador's 24.0% is above the median for upper middle income countries, which is 3.6%, 6.6× the median. (53 countries reporting)
- El Salvador's 24.0% is above the median for Latin America & Caribbean, which is 2.8%, 8.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.5% | 15.0% | 21.8% | 10 |
| 2010s | 19.0% | 18.0% | 21.0% | 10 |
| 2020s | 24.6% | 23.8% | 26.2% | 5 |
Countries ranked near El Salvador
More economy & growth data for El Salvador
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.92 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 318.29 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0087 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 50 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 763.72 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -27.33 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 119.98 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 30 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in El Salvador?
- Volume of remittances (in united states dollars) as a proportion of in El Salvador was 24.0% 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 El Salvador?
- The highest recorded value was 26.2% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in El Salvador?
- The lowest recorded value was 15.0% in 2000.
- How does El Salvador rank for volume of remittances (in united states dollars) as a proportion of?
- El Salvador ranks 9th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in El Salvador?
- Over the last ten years it is up 30.3%. The long-run trend across the full record is rising.
- Where does this El Salvador 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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