Personal remittances, received in Cayman Islands
Cayman Islands: Personal remittances, received was 11.50 million current US$ in 2024. ▼ Falling
Personal remittances, received in Cayman Islands, 2016–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, personal remittances, received in Cayman Islands stood at 11.50 million current US$.
Compared with earlier readings it is up 6.1% on the previous year and down 14.9% over ten years.
Over the whole period, personal remittances, received in Cayman Islands peaked at 15.58 million current US$ in 2017 and was at its lowest, 9.01 million current US$, in 2020.
Cayman Islands ranks 187th of 196 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.37 million current US$ | 13.51 million current US$ | 15.58 million current US$ | 4 |
| 2020s | 10.86 million current US$ | 9.01 million current US$ | 12.75 million current US$ | 5 |
Countries ranked near Cayman Islands
- 184 Libya 16.00 million current US$ compare
- 185 Malta 15.66 million current US$ compare
- 186 Seychelles 11.95 million current US$ compare
- 188 Turks and Caicos Islands 7.48 million current US$ compare
- 189 Maldives 5.65 million current US$ compare
- 190 Papua New Guinea 3.87 million current US$ compare
More economy & growth data for Cayman Islands
- Inflation, GDP deflator 2.4% (2024)
- Agriculture, forestry, and fishing, value added 16.2% (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current US$ (2024)
- Total reserves 252.10 million includes gold, current US$ (2024)
- Services, value added 4.57 billion constant LCU (2024)
- Services, value added 86.5% (2024)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
Frequently asked questions
- What is personal remittances, received in Cayman Islands?
- Personal remittances, received in Cayman Islands was 11.50 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Cayman Islands?
- The highest recorded value was 15.58 million current US$ in 2017.
- What is the lowest personal remittances, received recorded in Cayman Islands?
- The lowest recorded value was 9.01 million current US$ in 2020.
- How does Cayman Islands rank for personal remittances, received?
- Cayman Islands ranks 187th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Cayman Islands?
- Over the last ten years it is down 14.9%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (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.