Trinidad and Tobago - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Trinidad and Tobago was 0.901 as of 2020. Its highest value over the past 45 years was 0.901 in 2020, while its lowest value was 0.003 in 1986.

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:

Year Value
1975 0.108
1976 0.066
1977 0.045
1978 0.040
1979 0.031
1980 0.096
1981 0.061
1982 0.060
1983 0.062
1984 0.047
1985 0.045
1986 0.003
1987 0.044
1988 0.038
1989 0.075
1990 0.067
1991 0.098
1992 0.121
1993 0.419
1994 0.541
1995 0.570
1996 0.488
1997 0.526
1998 0.737
1999 0.799
2000 0.467
2001 0.463
2002 0.878
2003 0.768
2004 0.654
2005 0.578
2006 0.496
2007 0.506
2008 0.339
2009 0.570
2010 0.410
2011 0.636
2012 0.539
2013 0.532
2014 0.524
2015 0.622
2016 0.648
2017 0.603
2018 0.586
2019 0.621
2020 0.901

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).

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments