Volume of remittances (in United States dollars) as a proportion of in Jamaica
Jamaica: Volume of remittances (in United States dollars) as a proportion of was 16.2% in 2024. ▲ Rising
Latest (2024)
16.2%
Change on year
down 3.7%
World rank
20th
of 203 countries
All-time high
23.2%
in 2021
All-time low
9.7%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Jamaica, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Jamaica recorded 16.2% for volume of remittances (in united states dollars) as a proportion of in 2024.
Compared with earlier readings it is down 3.7% on the previous year and down 0.8% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Jamaica peaked at 23.2% in 2021 and was at its lowest, 9.7%, in 2000.
That places Jamaica 20th 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 Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.7% | — |
| 2001 | 11.4% | +16.8% |
| 2002 | 12.8% | +12.2% |
| 2003 | 14.6% | +14.5% |
| 2004 | 15.7% | +7.6% |
| 2005 | 15.7% | -0.4% |
| 2006 | 16.1% | +2.9% |
| 2007 | 16.6% | +2.8% |
| 2008 | 15.7% | -5.1% |
| 2009 | 15.6% | -0.9% |
| 2010 | 15.3% | -1.7% |
| 2011 | 14.6% | -4.9% |
| 2012 | 14.6% | +0.4% |
| 2013 | 15.2% | +4.0% |
| 2014 | 16.3% | +7.2% |
| 2015 | 15.8% | -3.3% |
| 2016 | 16.3% | +3.5% |
| 2017 | 15.6% | -4.5% |
| 2018 | 14.8% | -4.9% |
| 2019 | 15.1% | +1.4% |
| 2020 | 20.4% | +35.8% |
| 2021 | 23.2% | +13.6% |
| 2022 | 19.6% | -15.6% |
| 2023 | 16.8% | -14.2% |
| 2024 | 16.2% | -3.7% |
Jamaica compared with similar countries
- Jamaica's 16.2% is above the median for upper middle income countries, which is 3.6%, 4.4× the median. (53 countries reporting)
- Jamaica's 16.2% is above the median for Latin America & Caribbean, which is 2.8%, 5.7× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.4% | 9.7% | 16.6% | 10 |
| 2010s | 15.4% | 14.6% | 16.3% | 10 |
| 2020s | 19.3% | 16.2% | 23.2% | 5 |
Countries ranked near Jamaica
More economy & growth data for Jamaica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.07 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.3763 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 305.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -38.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0139 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 107.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 11.9 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Jamaica?
- Volume of remittances (in united states dollars) as a proportion of in Jamaica was 16.2% 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 Jamaica?
- The highest recorded value was 23.2% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Jamaica?
- The lowest recorded value was 9.7% in 2000.
- How does Jamaica rank for volume of remittances (in united states dollars) as a proportion of?
- Jamaica ranks 20th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Jamaica?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is rising.
- Where does this Jamaica 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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