Jamaica - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Jamaica was 22.20 as of 2020. Its highest value over the past 44 years was 22.20 in 2020, while its lowest value was 2.33 in 1983.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.

See also:

Year Value
1976 2.98
1977 2.51
1978 2.61
1979 3.71
1980 3.56
1981 3.59
1982 3.37
1983 2.33
1984 3.11
1985 6.93
1986 4.05
1987 3.67
1988 4.02
1989 4.73
1990 4.98
1991 4.42
1992 6.10
1993 4.40
1994 9.58
1995 9.72
1996 9.34
1997 8.51
1998 8.44
1999 8.72
2000 9.75
2001 11.38
2002 12.77
2003 14.63
2004 15.74
2005 15.67
2006 16.12
2007 16.58
2008 15.73
2009 15.59
2010 15.33
2011 14.58
2012 14.64
2013 15.23
2014 16.32
2015 16.64
2016 17.29
2017 16.63
2018 15.90
2019 16.19
2020 22.20

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments