Remittance inflows to GDP in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Remittance inflows to GDP was 7.0% in 2020. ▼ Falling
Remittance inflows to GDP in Saint Vincent and the Grenadines, 1986–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Saint Vincent and the Grenadines is 7.0%, measured in 2020.
Compared with earlier readings it is down 20.2% on the previous year and up 72.5% over ten years.
Over the whole period, remittance inflows to gdp in Saint Vincent and the Grenadines peaked at 8.7% in 2019 and was at its lowest, 0.7%, in 1992.
Saint Vincent and the Grenadines ranks 54th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Remittance inflows to GDP in Saint Vincent and the Grenadines, year by year
| Year | % | Change |
|---|---|---|
| 1986 | 8.6% | — |
| 1987 | 8.6% | -0.3% |
| 1988 | 7.5% | -13.4% |
| 1989 | 7.2% | -4.0% |
| 1990 | 6.5% | -9.2% |
| 1991 | 1.0% | -85.2% |
| 1992 | 0.7% | -23.6% |
| 1993 | 6.1% | +727.4% |
| 1994 | 5.9% | -3.4% |
| 1995 | 4.9% | -16.4% |
| 1996 | 5.0% | +2.2% |
| 1997 | 4.9% | -1.4% |
| 1998 | 4.8% | -2.2% |
| 1999 | 4.8% | -1.7% |
| 2000 | 4.5% | -5.1% |
| 2001 | 4.2% | -6.6% |
| 2002 | 4.2% | -0.5% |
| 2003 | 4.1% | -2.9% |
| 2004 | 3.9% | -4.1% |
| 2005 | 3.9% | -0.9% |
| 2006 | 4.0% | +2.7% |
| 2007 | 4.0% | +1.9% |
| 2008 | 3.7% | -9.7% |
| 2009 | 4.1% | +11.3% |
| 2010 | 4.0% | -0.9% |
| 2011 | 4.1% | +1.6% |
| 2012 | 4.3% | +4.0% |
| 2013 | 4.1% | -3.1% |
| 2014 | 5.7% | +37.0% |
| 2015 | 5.3% | -6.1% |
| 2016 | 5.5% | +3.8% |
| 2017 | 5.4% | -2.2% |
| 2018 | 5.2% | -2.8% |
| 2019 | 8.7% | +66.4% |
| 2020 | 7.0% | -20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.0% | 7.2% | 8.6% | 4 |
| 1990s | 4.5% | 0.7% | 6.5% | 10 |
| 2000s | 4.0% | 3.7% | 4.5% | 10 |
| 2010s | 5.2% | 4.0% | 8.7% | 10 |
| 2020s | 7.0% | 7.0% | 7.0% | 1 |
Countries ranked near Saint Vincent and the Grenadines
More financial sector data for Saint Vincent and the Grenadines
- Net domestic credit (current LCU), per capita 16,551 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 7.11 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 197.01 million SDR (2025)
- Reserves excluding gold 205.34 million SDR (2025)
- Total reserves (gold at market value) 205.34 million SDR (2025)
- Total reserves (gold at national valuation) 205.34 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,055 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -15.48 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,055 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Saint Vincent and the Grenadines?
- Remittance inflows to gdp in Saint Vincent and the Grenadines was 7.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 8.7% in 2019.
- What is the lowest remittance inflows to gdp recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 0.7% in 1992.
- How does Saint Vincent and the Grenadines rank for remittance inflows to gdp?
- Saint Vincent and the Grenadines ranks 54th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is up 72.5%. The long-run trend across the full record is falling.
- Where does this Saint Vincent and the Grenadines 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.
Download this data
CSV · JSON — 35 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.