Remittance inflows to GDP in Jamaica
Jamaica: Remittance inflows to GDP was 22.2% in 2020. β Volatile
Remittance inflows to GDP in Jamaica, 1976β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Jamaica recorded 22.2% for remittance inflows to gdp in 2020. That is the highest value across all 45 years on record.
The figure is up 37.2% on the previous year and up 44.9% over ten years.
Over the whole period, remittance inflows to gdp in Jamaica peaked at 22.2% in 2020 and was at its lowest, 2.3%, in 1983.
Jamaica ranks 13th of 196 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
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.5% | 3.7% | 4 |
| 1980s | 3.9% | 2.3% | 6.9% | 10 |
| 1990s | 7.4% | 4.4% | 9.7% | 10 |
| 2000s | 14.4% | 9.7% | 16.6% | 10 |
| 2010s | 15.9% | 14.6% | 17.3% | 10 |
| 2020s | 22.2% | 22.2% | 22.2% | 1 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Net domestic credit (current LCU), per capita 711,957 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 88.96 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 4.42 billion SDR (2025)
- Reserves excluding gold 4.60 billion SDR (2025)
- Total reserves (gold at market value) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) 4.60 billion SDR (2025)
- Domestic credit to private sector by banks 45.7% (2025)
Frequently asked questions
- What is remittance inflows to gdp in Jamaica?
- Remittance inflows to gdp in Jamaica was 22.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Jamaica?
- The highest recorded value was 22.2% in 2020.
- What is the lowest remittance inflows to gdp recorded in Jamaica?
- The lowest recorded value was 2.3% in 1983.
- How does Jamaica rank for remittance inflows to gdp?
- Jamaica ranks 13th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Jamaica?
- Over the last ten years it is up 44.9%. The long-run trend across the full record is volatile.
- Where does this Jamaica 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 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.