Volume of remittances (in United States dollars) as a proportion of in Latin America and the Caribbean
Latin America and the Caribbean: Volume of remittances (in United States dollars) as a proportion of was 3.3% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Latin America and the Caribbean, 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 Latin America and the Caribbean is 3.3%, measured in 2024.
Compared with earlier readings it is up 5.1% on the previous year and up 42.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Latin America and the Caribbean peaked at 3.4% in 2020 and was at its lowest, 1.7%, in 2000.
That places Latin America and the Caribbean 12th out of 36 groups with data for 2024, putting it in the middle of the range.
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 Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.7% | — |
| 2001 | 2.0% | +18.5% |
| 2002 | 2.4% | +23.1% |
| 2003 | 2.9% | +20.5% |
| 2004 | 2.8% | -5.2% |
| 2005 | 2.8% | +0.4% |
| 2006 | 2.8% | +2.0% |
| 2007 | 2.8% | -2.5% |
| 2008 | 2.7% | -2.3% |
| 2009 | 2.5% | -6.8% |
| 2010 | 2.2% | -12.3% |
| 2011 | 2.2% | -2.2% |
| 2012 | 2.3% | +4.4% |
| 2013 | 2.3% | +2.0% |
| 2014 | 2.3% | +1.9% |
| 2015 | 2.6% | +9.9% |
| 2016 | 2.6% | -0.8% |
| 2017 | 2.6% | +1.0% |
| 2018 | 2.8% | +8.3% |
| 2019 | 2.9% | +4.5% |
| 2020 | 3.4% | +15.1% |
| 2021 | 3.4% | -0.5% |
| 2022 | 3.3% | -0.2% |
| 2023 | 3.2% | -5.2% |
| 2024 | 3.3% | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | 1.7% | 2.9% | 10 |
| 2010s | 2.5% | 2.2% | 2.9% | 10 |
| 2020s | 3.3% | 3.2% | 3.4% | 5 |
Countries ranked near Latin America and the Caribbean
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.62 % change on previous year (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Latin America and the Caribbean?
- Volume of remittances (in united states dollars) as a proportion of in Latin America and the Caribbean was 3.3% 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 Latin America and the Caribbean?
- The highest recorded value was 3.4% in 2020.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Latin America and the Caribbean?
- The lowest recorded value was 1.7% in 2000.
- How does Latin America and the Caribbean rank for volume of remittances (in united states dollars) as a proportion of?
- Latin America and the Caribbean ranks 12th out of 36 groups with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 42.1%. The long-run trend across the full record is rising.
- Where does this Latin America and the 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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