Remittance inflows to GDP in Trinidad and Tobago
Trinidad and Tobago: Remittance inflows to GDP was 0.9% in 2020. ◆ Volatile
Remittance inflows to GDP in Trinidad and Tobago, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Trinidad and Tobago is 0.9%, measured in 2020. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 50.8% on the previous year and up 121.6% over ten years.
Over the whole period, remittance inflows to gdp in Trinidad and Tobago peaked at 0.9% in 2020 and was at its lowest, 0.0%, in 1986.
Trinidad and Tobago ranks 127th of 197 countries on this measure, 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 Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 0.1% | — |
| 1976 | 0.1% | -38.9% |
| 1977 | 0.0% | -31.3% |
| 1978 | 0.0% | -11.9% |
| 1979 | 0.0% | -22.6% |
| 1980 | 0.1% | +212.6% |
| 1981 | 0.1% | -36.8% |
| 1982 | 0.1% | -0.6% |
| 1983 | 0.1% | +3.1% |
| 1984 | 0.0% | -24.1% |
| 1985 | 0.0% | -5.2% |
| 1986 | 0.0% | -92.2% |
| 1987 | 0.0% | +1165.9% |
| 1988 | 0.0% | -13.2% |
| 1989 | 0.1% | +96.7% |
| 1990 | 0.1% | -11.0% |
| 1991 | 0.1% | +45.9% |
| 1992 | 0.1% | +23.7% |
| 1993 | 0.4% | +246.9% |
| 1994 | 0.5% | +29.3% |
| 1995 | 0.6% | +5.4% |
| 1996 | 0.5% | -14.4% |
| 1997 | 0.5% | +7.8% |
| 1998 | 0.7% | +40.1% |
| 1999 | 0.8% | +8.3% |
| 2000 | 0.5% | -41.5% |
| 2001 | 0.5% | -0.8% |
| 2002 | 0.9% | +89.5% |
| 2003 | 0.8% | -12.6% |
| 2004 | 0.7% | -14.8% |
| 2005 | 0.6% | -11.6% |
| 2006 | 0.5% | -14.1% |
| 2007 | 0.5% | +1.8% |
| 2008 | 0.3% | -32.9% |
| 2009 | 0.6% | +68.1% |
| 2010 | 0.4% | -28.0% |
| 2011 | 0.6% | +55.1% |
| 2012 | 0.5% | -15.4% |
| 2013 | 0.5% | -1.2% |
| 2014 | 0.5% | -1.5% |
| 2015 | 0.6% | +17.6% |
| 2016 | 0.6% | +5.3% |
| 2017 | 0.6% | -10.2% |
| 2018 | 0.6% | -0.1% |
| 2019 | 0.6% | +3.5% |
| 2020 | 0.9% | +50.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.0% | 0.1% | 5 |
| 1980s | 0.1% | 0.0% | 0.1% | 10 |
| 1990s | 0.4% | 0.1% | 0.8% | 10 |
| 2000s | 0.6% | 0.3% | 0.9% | 10 |
| 2010s | 0.6% | 0.4% | 0.6% | 10 |
| 2020s | 0.9% | 0.9% | 0.9% | 1 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Total reserves in months of imports, annual growth rate -23.81 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -13.8 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1086 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,061 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -10.74 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,721 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -8.67 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,868 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Trinidad and Tobago?
- Remittance inflows to gdp in Trinidad and Tobago was 0.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 0.9% in 2020.
- What is the lowest remittance inflows to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.0% in 1986.
- How does Trinidad and Tobago rank for remittance inflows to gdp?
- Trinidad and Tobago ranks 127th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 121.6%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago 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.