Personal remittances received in The Bahamas: $65.9 million (Remittances received, 2024 · 153rd of 176). Personal remittances received (US$) in The Bahamas: $65.9 million in 2024, ranking 153rd of 176 countries. In 2020 it was $50.8 million.
Data last updated · Period: 2020–2024
Understanding the chart
The line chart above tracks personal remittances received (US$) in The Bahamas for each year from 2020 to 2024, 5 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in us$. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2020–2024 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2020 and 2024, The Bahamas's remittances received rose from $50.8 million to $65.9 million, a change of 29.8% (about 6.7% a year on average).
- The highest value in this period was $65.9 million in 2024; the lowest was $50.8 million in 2020.
- Recently, the figure has risen in each of the last two years (2023: $62.7 million; 2024: $65.9 million).
- That is 100% lower than the world figure of $856.6 billion.
- The Bahamas has the 153rd-highest value of 176 countries with recent data.
- In Caribbean, The Bahamas has the 7th-highest value of 15 countries with recent data; the highest is Dominican Republic ($11.4 billion), and the typical (median) value is $60.6 million.
Analysis
The value went up in 4 of the 4 year-to-year steps and down in 0. The biggest one-year rise came in 2022 (+$4.8 million, or 9.1%). Across the period the values varied by about 11% around their average ($58.1 million), a moderate amount of change.
What it means
For businesses and investors, the figure is most useful alongside related measures for the same country, such as growth, inflation, population and incomes, and compared with similar countries. Compared with its neighbours in Caribbean, where the typical value is $60.6 million, The Bahamas is 9% higher than the regional median.
Related figures
- Personal remittances received (US$) by country, 2024: $137.7 billion (highest: India). Money sent home by people working abroad, plus other personal transfers into the country.
- Personal remittances received (US$) in Aruba, 2010–2023: $39.0 million (Remittances received, 2023 · 162nd of 176). Personal remittances received (US$) in Aruba: $39.0 million in 2023, ranking 162nd of 176 countries.
- Personal remittances received (US$) in Antigua and Barbuda, 2010–2024: $26.2 million (Remittances received, 2024 · 165th of 176). Personal remittances received (US$) in Antigua and Barbuda: $26.2 million in 2024, ranking 165th of 176 countries.
About this statistic
Money sent home by people working abroad, plus other personal transfers into the country. In some countries remittances are a major source of household spending power and demand for money transfer services.
Trade and investment flows show how open an economy is: exporters gain larger markets, importers gain cheaper inputs, and foreign investment brings capital and know-how. The figures come from the World Bank's World Development Indicators, which compile official national statistics in a consistent form so countries can be compared.
Questions and answers
What is the personal remittances received (US$) in The Bahamas?
$65.9 million (Remittances received, 2024 · 153rd of 176). Personal remittances received (US$) in The Bahamas: $65.9 million in 2024, ranking 153rd of 176 countries. In 2020 it was $50.8 million.
How has remittances received in The Bahamas changed since 2020?
Between 2020 and 2024, The Bahamas's remittances received rose from $50.8 million to $65.9 million, a change of 29.8% (about 6.7% a year on average). The highest value in this period was $65.9 million in 2024; the lowest was $50.8 million in 2020.
Where does this data come from?
From World Bank, World Development Indicators (CC BY 4.0), covering 2020–2024. Money sent home by people working abroad, plus other personal transfers into the country. In some countries remittances are a major source of household spending power and demand for money transfer services.
Data
| Year | Personal remittances received (US$) |
|---|---|
| 2020 | $50.8 million |
| 2021 | $53.0 million |
| 2022 | $57.9 million |
| 2023 | $62.7 million |
| 2024 | $65.9 million |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2020–2024. Coverage: The Bahamas.
Money sent home by people working abroad, plus other personal transfers into the country. In some countries remittances are a major source of household spending power and demand for money transfer services.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Personal remittances received (US$) by country, 2024
- Personal remittances received (US$) in Aruba, 2010–2023
- Personal remittances received (US$) in Antigua and Barbuda, 2010–2024
- Personal remittances received (US$) in Curaçao, 2011–2023
- Personal remittances received (US$) in Cayman Islands, 2016–2024
- GDP of The Bahamas, 2010–2024
- Economic growth (GDP growth) in The Bahamas, 2010–2024
- GDP per person in The Bahamas, 2010–2024
- GDP per person, adjusted for prices (PPP, international $) in The Bahamas, 2010–2024
All The Bahamas data: economy, people, jobs and digital in one place
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