Iceland vs Turks and Caicos Islands: Remittance inflows to GDP
Remittance inflows to GDP over time
- Iceland
- Turks and Caicos Islands
How they compare
Turks and Caicos Islands currently reports 0.8% against 0.8% in Iceland, a difference of 0.0%.
That makes Turks and Caicos Islands's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 16 shared years of data; in 2005 it was Iceland ahead.
Iceland ranks 134th and Turks and Caicos Islands ranks 133rd of 197 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and Turks and Caicos Islands in 1.
Head to head by decade
| Decade | Iceland | Turks and Caicos Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.5% | 0.0% | 0.5% | Iceland |
| 2010s | 1.0% | 0.4% | 0.6% | Iceland |
| 2020s | 0.8% | 0.8% | 0.0% | Turks and Caicos Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Iceland or Turks and Caicos Islands?
- Turks and Caicos Islands, at 0.8% against 0.8% in Iceland as of 2020.
- What is the difference in remittance inflows to gdp between Iceland and Turks and Caicos Islands?
- 0.0%, with Turks and Caicos Islands ahead.
- How many years of comparable data are there for Iceland and Turks and Caicos Islands?
- 16 years are reported by both, from 2005 to 2020.
- How do Iceland and Turks and Caicos Islands rank globally for remittance inflows to gdp?
- Iceland ranks 134th and Turks and Caicos Islands ranks 133rd of 197 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Remittance inflows to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.