10 Caribbean Countries That Received The Most Remittance Recently

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:

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

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.