Panama vs Turks and Caicos Islands: Remittance inflows to GDP
Remittance inflows to GDP over time
- Panama
- Turks and Caicos Islands
How they compare
Panama currently reports 0.8% against 0.8% in Turks and Caicos Islands, a difference of 0.0%.
Across all 16 years both countries report, Panama has been ahead every year.
Panama ranks 130th and Turks and Caicos Islands ranks 133rd of 197 countries.
Panama has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Panama | Turks and Caicos Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.4% | 0.0% | 1.4% | Panama |
| 2010s | 1.0% | 0.4% | 0.6% | Panama |
| 2020s | 0.8% | 0.8% | 0.0% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Panama or Turks and Caicos Islands?
- Panama, at 0.8% against 0.8% in Turks and Caicos Islands as of 2020.
- What is the difference in remittance inflows to gdp between Panama and Turks and Caicos Islands?
- 0.0%, with Panama ahead.
- How many years of comparable data are there for Panama and Turks and Caicos Islands?
- 16 years are reported by both, from 2005 to 2020.
- How do Panama and Turks and Caicos Islands rank globally for remittance inflows to gdp?
- Panama ranks 130th 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.