Remittance inflows to GDP in Saint Kitts and Nevis
Saint Kitts and Nevis: Remittance inflows to GDP was 3.2% in 2020. ◆ Volatile
Remittance inflows to GDP in Saint Kitts and Nevis, 1980–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Saint Kitts and Nevis stood at 3.2%.
The figure is down 11.4% on the previous year and down 46.7% over ten years.
Over the whole period, remittance inflows to gdp in Saint Kitts and Nevis peaked at 10.0% in 1989 and was at its lowest, 0.6%, in 1992.
That places Saint Kitts and Nevis 82nd out of 197 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Saint Kitts and Nevis, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 1.2% | — |
| 1981 | 1.4% | +18.6% |
| 1982 | 1.3% | -6.9% |
| 1983 | 1.3% | +0.0% |
| 1984 | 1.3% | +4.0% |
| 1985 | 1.0% | -28.0% |
| 1986 | 8.0% | +740.5% |
| 1987 | 7.7% | -4.9% |
| 1988 | 7.0% | -7.9% |
| 1989 | 10.0% | +41.7% |
| 1990 | 8.9% | -11.0% |
| 1991 | 0.7% | -92.4% |
| 1992 | 0.6% | -9.8% |
| 1993 | 5.7% | +841.8% |
| 1994 | 6.0% | +4.0% |
| 1995 | 5.9% | -0.9% |
| 1996 | 5.7% | -3.9% |
| 1997 | 5.3% | -7.3% |
| 1998 | 5.6% | +6.5% |
| 1999 | 5.7% | +1.6% |
| 2000 | 5.8% | +1.0% |
| 2001 | 5.4% | -6.2% |
| 2002 | 5.3% | -2.2% |
| 2003 | 5.7% | +8.1% |
| 2004 | 5.6% | -1.6% |
| 2005 | 5.5% | -1.4% |
| 2006 | 5.1% | -7.9% |
| 2007 | 5.2% | +2.9% |
| 2008 | 5.2% | -1.6% |
| 2009 | 5.0% | -2.8% |
| 2010 | 6.0% | +20.5% |
| 2011 | 5.3% | -11.5% |
| 2012 | 6.2% | +15.6% |
| 2013 | 5.9% | -4.7% |
| 2014 | 2.3% | -61.3% |
| 2015 | 2.5% | +11.2% |
| 2016 | 2.2% | -11.9% |
| 2017 | 2.3% | +4.6% |
| 2018 | 2.4% | +2.9% |
| 2019 | 3.6% | +51.1% |
| 2020 | 3.2% | -11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.0% | 1.0% | 10.0% | 10 |
| 1990s | 5.0% | 0.6% | 8.9% | 10 |
| 2000s | 5.4% | 5.0% | 5.8% | 10 |
| 2010s | 3.9% | 2.2% | 6.2% | 10 |
| 2020s | 3.2% | 3.2% | 3.2% | 1 |
Countries ranked near Saint Kitts and Nevis
More financial sector data for Saint Kitts and Nevis
- Net domestic credit (current LCU), per capita 40,819 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 35.76 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 188.74 million SDR (2025)
- Reserves excluding gold 205.95 million SDR (2025)
- Total reserves (gold at market value) 205.95 million SDR (2025)
- Total reserves (gold at national valuation) 205.95 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,389 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -8.87 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 4,389 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Saint Kitts and Nevis?
- Remittance inflows to gdp in Saint Kitts and Nevis was 3.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Saint Kitts and Nevis?
- The highest recorded value was 10.0% in 1989.
- What is the lowest remittance inflows to gdp recorded in Saint Kitts and Nevis?
- The lowest recorded value was 0.6% in 1992.
- How does Saint Kitts and Nevis rank for remittance inflows to gdp?
- Saint Kitts and Nevis ranks 82nd out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 46.7%. The long-run trend across the full record is volatile.
- Where does this Saint Kitts and Nevis 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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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.