Panama vs Trinidad and Tobago: Remittance inflows to GDP
Remittance inflows to GDP over time
- Panama
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 0.9% against 0.8% in Panama, a difference of 0.1%.
That makes Trinidad and Tobago's figure about 1.1 times Panama's.
The two have swapped places 5 times across 44 shared years of data; in 1977 it was Panama ahead.
Panama ranks 130th and Trinidad and Tobago ranks 127th of 197 countries.
Across the 6 decades both report, Panama averaged higher in 5 and Trinidad and Tobago in 1.
Head to head by decade
| Decade | Panama | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.7% | 0.0% | 3.7% | Panama |
| 1980s | 1.4% | 0.1% | 1.4% | Panama |
| 1990s | 1.0% | 0.4% | 0.6% | Panama |
| 2000s | 1.0% | 0.6% | 0.4% | Panama |
| 2010s | 1.0% | 0.6% | 0.5% | Panama |
| 2020s | 0.8% | 0.9% | 0.1% | Trinidad and Tobago |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Panama or Trinidad and Tobago?
- Trinidad and Tobago, at 0.9% against 0.8% in Panama as of 2020.
- What is the difference in remittance inflows to gdp between Panama and Trinidad and Tobago?
- 0.1%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for Panama and Trinidad and Tobago?
- 44 years are reported by both, from 1977 to 2020.
- How do Panama and Trinidad and Tobago rank globally for remittance inflows to gdp?
- Panama ranks 130th and Trinidad and Tobago ranks 127th 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.