10 Caribbean Countries That Received The Most Remittance Recently

remittance
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News Americas, NEW YORK, NY, Fri. April 12, 2019: These 10 Caribbean countries received the most remittance in 2018, the latest data available according to the World Bank.

They are:

  1. The Dominican Republic – USD 6,789 billion
  • Haiti – USD 2,986 billion
  • Jamaica – USD 2,455 billion
  • Guyana – USD 286 million
  • Trinidad and Tobago – USD 142 million
  • Barbados – USD 115 million
  • Sint Maarten – USD 65 million
  • Grenada – USD 48 million
  • Saint Vincent and the Grenadines – USD 42 million
  1. Antigua & Barbuda – USD 35 million  

Regionally, remittances flow into Latin America and the Caribbean grew 10 percent to $88 billion in 2018, supported by the strong U.S. economy. Mexico continued to receive the most remittances in the region, posting about $36 billion in 2018, up 11 percent over the previous year.

Colombia and Ecuador, which have migrants in Spain, posted 16 percent and 8 percent growth, respectively. Three other countries in the region posted double-digit growth: Guatemala (13 percent) as well as Dominican Republic and Honduras (both 10 percent), reflecting robust outbound remittances from the United States.