Remittances received in the Cayman Islands in 2024 — 11,496,340 US$. Ranked 157 in the world out of 160. Since 2016, the indicator has fallen by 14.9%.
2016–2024 · US$
How the value compares with the world and the groups this territory belongs to: Cayman Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 11.5M | +657,270 | +6.06% |
| 2023 | 10.84M | −1.91M | −14.99% |
| 2022 | 12.75M | +2.54M | +24.84% |
| 2021 | 10.21M | +1.2M | +13.37% |
| 2020 | 9.01M | −5.14M | −36.33% |
| 2019 | 14.15M | −107,685 | −0.76% |
| 2018 | 14.26M | −1.33M | −8.52% |
| 2017 | 15.58M | +2.08M | +15.38% |
| 2016 | 13.51M | — | — |
The same indicator for neighboring countries — with links to their pages
Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.
Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much money leaves a country in remittances — mostly the earnings of incomers.
Migration Number of immigrantsHow many people born abroad live in the country at present.
Economy Gross national incomeThe income received by the residents of a country — including what is earned abroad, but without what foreigners earn inside it.
Finance Development aid receivedHow much official development assistance a country receives — in grants and concessional loans.
