Trinidad and Tobago: Remittances

* indicates monthly or quarterly data series
 Trinidad and Tobago

Remittances, million USD

 Latest value 177.19
 Year 2023
 Measure million U.S. dollars
 Data availability 1975 - 2023
 Average 67.96
 Min - Max 0.17 - 233.99
 Source The World Bank
The latest value from 2023 is 177.19 million U.S. dollars, a decline from 204.37 million U.S. dollars in 2022. In comparison, the world average is 4590.03 million U.S. dollars, based on data from 184 countries. Historically, the average for Trinidad and Tobago from 1975 to 2023 is 67.96 million U.S. dollars. The minimum value, 0.17 million U.S. dollars, was reached in 1986 while the maximum of 233.99 million U.S. dollars was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Trinidad and Tobago - Remittances - Recent values chart

Historical series
Trinidad and Tobago - Remittances - historical chart - 1975-2023




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
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. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 115.28 2021 percent
 Financial openness 1.357 2021 index points
 Foreign Direct Investment, percent of GDP -5.53 2023 percent
 Foreign Direct Investment, billion dollars -0.91 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP 11.30 2023 percent
 Current account, in dollars 5.38 2022 billion U.S. dollars
 Trade balance, in dollars 6.89 2022 billion U.S. dollars
 Reserves 6.26 2023 billion U.S. dollars
 Remittances, percent of GDP 0.63 2023 percent
 Remittances 177.19 2023 million U.S. dollars
 Net errors and omissions -2,395.19 2022 million USD
 Foreign exchange reserves 6.40 8/2024 billion
This site uses cookies.
Learn more here


OK