Personal remittances, received (% of GDP) - Country Ranking - Central America & the Caribbean

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 El Salvador 24.09 2020
2 Honduras 23.62 2020
3 Jamaica 22.20 2020
4 Haiti 21.44 2020
5 Nicaragua 14.70 2020
6 Guatemala 14.70 2020
7 Dominica 13.48 2020
8 Dominican Republic 10.57 2020
9 St. Vincent and the Grenadines 7.52 2020
10 Belize 7.38 2020
11 Grenada 6.76 2020
12 St. Lucia 3.69 2020
13 St. Kitts and Nevis 3.22 2020
14 Antigua and Barbuda 2.65 2020
15 Barbados 2.45 2020
16 Trinidad and Tobago 0.90 2020
17 Costa Rica 0.85 2020
18 Panama 0.84 2020
19 Cayman Islands 0.25 2020

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Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).