Volume of remittances (in United States dollars) as a proportion of in Trinidad and Tobago
Trinidad and Tobago: Volume of remittances (in United States dollars) as a proportion of was 0.8% in 2024. ▲ Rising
Latest (2024)
0.8%
Change on year
down 3.9%
World rank
142nd
of 203 countries
All-time high
1.0%
in 2021
All-time low
0.3%
in 2008
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Trinidad and Tobago, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Trinidad and Tobago stood at 0.8%.
Compared with earlier readings it is down 3.9% on the previous year and up 58.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Trinidad and Tobago peaked at 1.0% in 2021 and was at its lowest, 0.3%, in 2008.
Trinidad and Tobago ranks 142nd of 203 countries on this measure, 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 Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.5% | — |
| 2001 | 0.5% | -0.8% |
| 2002 | 0.9% | +89.5% |
| 2003 | 0.8% | -12.6% |
| 2004 | 0.7% | -14.8% |
| 2005 | 0.6% | -11.6% |
| 2006 | 0.5% | -14.1% |
| 2007 | 0.5% | +1.8% |
| 2008 | 0.3% | -32.9% |
| 2009 | 0.6% | +68.1% |
| 2010 | 0.4% | -28.0% |
| 2011 | 0.6% | +55.1% |
| 2012 | 0.5% | -19.7% |
| 2013 | 0.5% | -0.6% |
| 2014 | 0.5% | -3.3% |
| 2015 | 0.6% | +17.7% |
| 2016 | 0.6% | +6.3% |
| 2017 | 0.6% | -7.7% |
| 2018 | 0.6% | +2.5% |
| 2019 | 0.6% | +5.6% |
| 2020 | 0.9% | +51.7% |
| 2021 | 1.0% | +3.8% |
| 2022 | 0.7% | -25.4% |
| 2023 | 0.8% | +12.1% |
| 2024 | 0.8% | -3.9% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 0.8% is above the median for high income countries, which is 0.7%, 1.1× the median. (66 countries reporting)
- Trinidad and Tobago's 0.8% is below the median for Latin America & Caribbean, which is 2.8%, 27% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | 0.3% | 0.9% | 10 |
| 2010s | 0.6% | 0.4% | 0.6% | 10 |
| 2020s | 0.8% | 0.7% | 1.0% | 5 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -390.11 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.015 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -285.22 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -794.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -75.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0306 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -580.8 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Trinidad and Tobago?
- Volume of remittances (in united states dollars) as a proportion of in Trinidad and Tobago was 0.8% 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 Trinidad and Tobago?
- The highest recorded value was 1.0% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Trinidad and Tobago?
- The lowest recorded value was 0.3% in 2008.
- How does Trinidad and Tobago rank for volume of remittances (in united states dollars) as a proportion of?
- Trinidad and Tobago ranks 142nd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 58.1%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago 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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