Remittance inflows to GDP in Honduras

Honduras: Remittance inflows to GDP was 23.5% in 2020. β—† Volatile

Latest (2020)
23.5%
Change on year
up 8.9%
World rank
10th
of 195 countries
All-time high
23.5%
in 2020
All-time low
0.0%
in 1982
Years of data
47
1974–2020

Remittance inflows to GDP in Honduras, 1974–2020

0510152025197419972020

Source: World Development Indicators (WDI), World Bank. Measured in %.

Analysis

The most recent figure for remittance inflows to gdp in Honduras is 23.5%, measured in 2020. That is the highest value across all 47 years on record.

That represents a change of up 8.9% on the previous year and up 41.9% over ten years.

Over the whole period, remittance inflows to gdp in Honduras peaked at 23.5% in 2020 and was at its lowest, 0.0%, in 1982.

Honduras ranks 10th of 195 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.1% 0.0% 0.1% 6
1980s 0.2% 0.0% 0.9% 10
1990s 2.6% 1.3% 5.1% 10
2000s 14.7% 6.6% 21.6% 10
2010s 17.7% 15.8% 21.5% 10
2020s 23.5% 23.5% 23.5% 1

Countries ranked near Honduras

  1. 7 Nepal 24.3% compare
  2. 8 El Salvador 24.1% compare
  3. 9 Haiti 23.8% compare
  4. 11 Bermuda 22.9% compare
  5. 12 Gambia 22.8% compare
  6. 13 Jamaica 22.2% compare

See the full ranking of 196 places β†’

More financial sector data for Honduras

All data for Honduras β†’

Frequently asked questions

What is remittance inflows to gdp in Honduras?
Remittance inflows to gdp in Honduras was 23.5% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Honduras?
The highest recorded value was 23.5% in 2020.
What is the lowest remittance inflows to gdp recorded in Honduras?
The lowest recorded value was 0.0% in 1982.
How does Honduras rank for remittance inflows to gdp?
Honduras ranks 10th out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Honduras?
Over the last ten years it is up 41.9%. The long-run trend across the full record is volatile.
Where does this Honduras data come from?
The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Remittance inflows to GDP (%)
Unit
%
Source
World Development Indicators (WDI), World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
196 places, 6,488 data points, 1970–2020
Last refreshed

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.