Turks and Caicos Islands Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Turks and Caicos Islands's remittances received was $7.5M in 2018, ranked 7th globally. This represents a 3.0% decrease from 2017. Data from World Bank, covering 2014–2018.
Overview
Turks and Caicos Islands's remittances received stood at $7.5M in 2018, a decline of +$235,177 from 2017. Turks and Caicos Islands ranked 7th globally.
The Turks and Caicos Islands have consistently ranked among the top remittance recipients globally, with the latest figure standing at 7,481,920.00 USD in 2018. The country experienced a notable increase in remittances, peaking at 7,717,097.00 USD in 2017, showcasing a strong reliance on foreign inflows. Conversely, the 2015 trough of 6,053,000.00 USD highlighted the importance of stable economic conditions for maintaining remittance levels. In comparison to its peers, the Turks and Caicos Islands' remittance inflows are comparable to those of Nauru, which received 6,535,565.31 USD in the same year. The country's remittance-dependent economy is susceptible to fluctuations in global economic conditions and changes in migrant worker remittance habits. A significant decline in international tourism, driven by global economic uncertainty or travel restrictions, could potentially alter the trajectory of remittances to the Turks and Caicos Islands.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2018 | $7.5M | −$235,177 | #7 |
| 2017 | $7.7M | +$250,097 | #6 |
| 2016 | $7.5M | +$1.4M | #8 |
| 2015 | $6.1M | −$1.1M | #5 |
| 2014 | $7.2M | – | #6 |
Analysis
Turks and Caicos Islands's remittances received was $7.5M in 2018, a decline of −$235,177 from 2017.
Frequently Asked Questions
Turks and Caicos Islands's remittances received was $7.5M in 2018. Ranked 7th globally. This represents a 3.0% decrease from the previous year.
Turks and Caicos Islands's remittances received peaked at $7.7M in 2017.
The lowest remittances received in Turks and Caicos Islands was $6.1M in 2015.
Turks and Caicos Islands ranks 7th globally in remittances received as of 2018.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Turks and Caicos Islands's remittances received was approximately 7.48 million ($7.5M) in 2018.
The remittances received of Turks and Caicos Islands in 2018 was $7.5M. This ranks 7th in the world.
Cite this page
@misc{historysaid_turks-and-caicos-islands_remittances,
title = {Turks and Caicos Islands Remittances Received},
url = {https://historysaid.com/turks-and-caicos-islands/remittances/},
publisher = {HistorySaid},
year = {2026}
}