Personal remittances, paid in Bahamas
Bahamas: Personal remittances, paid was 320.92 million current US$ in 2024. ◆ Volatile
Personal remittances, paid in Bahamas, 1976–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, personal remittances, paid in Bahamas stood at 320.92 million current US$. That is the highest value across all 49 years on record.
The figure is up 8.5% on the previous year and up 112.8% over ten years.
Over the whole period, personal remittances, paid in Bahamas peaked at 320.92 million current US$ in 2024 and was at its lowest, 26.50 million current US$, in 1976.
Bahamas ranks 93rd of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.45 million current US$ | 26.50 million current US$ | 38.90 million current US$ | 4 |
| 1980s | 35.90 million current US$ | 26.70 million current US$ | 47.40 million current US$ | 10 |
| 1990s | 36.04 million current US$ | 27.30 million current US$ | 49.50 million current US$ | 10 |
| 2000s | 71.01 million current US$ | 53.62 million current US$ | 100.29 million current US$ | 10 |
| 2010s | 168.96 million current US$ | 88.04 million current US$ | 262.33 million current US$ | 10 |
| 2020s | 262.94 million current US$ | 216.51 million current US$ | 320.92 million current US$ | 5 |
Countries ranked near Bahamas
More economy & growth data for Bahamas
- Industry (including construction), value added 9.6% (2024)
- Gross national expenditure 14.30 billion constant 2015 US$ (2024)
- Services, value added 12.22 billion current US$ (2024)
- Gross national expenditure 104.0% (2024)
- Exports of goods and services 5.98 billion current US$ (2024)
- Exports of goods and services 5.98 billion current LCU (2024)
- Exports of goods and services 4.81 billion constant 2015 US$ (2024)
- Exports of goods and services 6.2% (2024)
- Gross fixed capital formation 20.7% (2024)
- Gross fixed capital formation 3.59 billion constant 2015 US$ (2024)
Frequently asked questions
- What is personal remittances, paid in Bahamas?
- Personal remittances, paid in Bahamas was 320.92 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in Bahamas?
- The highest recorded value was 320.92 million current US$ in 2024.
- What is the lowest personal remittances, paid recorded in Bahamas?
- The lowest recorded value was 26.50 million current US$ in 1976.
- How does Bahamas rank for personal remittances, paid?
- Bahamas ranks 93rd out of 195 countries with data for 2024.
- Is personal remittances, paid rising or falling in Bahamas?
- Over the last ten years it is up 112.8%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, paid (current US$). Statizoid updates them automatically from the source API.
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About this data
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. Data are in current U.S. dollars.