Barbados's personal transfers, receipts (current US$, BoP) was US$38.32 million in 2017, the latest year in the World Bank's World Development Indicators. That is down 57.38% from US$89.9 million in 2007 (8.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$38.32 million | 2017 |
| Five years earlier | US$82.02 million | 2012 |
| Ten years earlier | US$89.9 million | 2007 |
| Highest | US$147.47 million | 2015 |
| Lowest | US$10.65 million | 1981 |
| Average since 2008 | US$87.5 million | 2008–2017 |
| First recorded | US$10.65 million |
What the numbers say
In 2017, Barbados' personal transfers, receipts (current US$, BoP) fell 69.6% on 2016 (from US$126.13 million to US$38.32 million).
Across the 30 yearly changes before that (1987 to 2016), the average change was +8.3% and a typical year strayed about 22.9% from that (the standard deviation). This year's change was 3.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 63.5% in 2007 and the biggest yearly fall was 69.6% in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2008 to 2017 there is no clear straight-line trend: a straight line explains 23% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Barbados | US$38.32 million | 2017 |
| World | US$567.33 billion | 2023 |
| Latin America & Caribbean | US$164.67 billion | 2024 |
Closest to Barbados in the 2017 ranking
- Bermuda — 2nd of 2: US$1.62 million
What this measures
Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 33 values
| Year | Personal transfers, receipts (current US$, BoP) |
|---|---|
| 2017 | 38,319,054 |
| 2016 | 126,129,782 |
| 2015 | 147,465,115 |
| 2014 | 121,967,837 |
| 2013 | 127,052,274 |
| 2012 | 82,019,155 |
| 2011 | 73,158,119 |
| 2010 | 50,856,752 |
| 2009 | 52,841,873 |
| 2008 | 55,238,846 |
| 2007 |
Personal transfers, receipts (current US$, BoP) in nearby economies
- Antigua and Barbuda — US$20.5 million (2025)
- Argentina — US$824.36 million (2025)
- Aruba — US$31.59 million (2023)
- Belize — US$121.47 million (2025)
- Bolivia — US$1.23 billion (2025)
- Brazil — US$4.23 billion (2025)
- Colombia — US$13.1 billion (2025)
- Costa Rica — US$769.84 million (2025)
- Curaçao — US$102.42 million (2023)
- Dominica
More economic policy & debt data for Barbados
- GDP (current US$) — US$8.02 billion (2025)
- GDP (current LCU) — 16.03 billion (2025)
- GDP (constant 2015 US$) — US$6.5 billion (2025)
- GDP (constant LCU) — 15.34 billion (2025)
- GDP per capita (current US$) — US$28,365 (2025)
- GDP per capita (current LCU) — 56,730 (2025)
- GDP per capita (constant 2015 US$) — US$23,014 (2025)
- GDP per capita (constant LCU) — 54,263 (2025)
- GNI (current US$) — US$7.69 billion (2025)
- GNI (current LCU) — 15.38 billion (2025)
- GNI per capita (current LCU) — 54,417 (2025)
Reading data like this
Questions people ask
- What is Barbados's personal transfers, receipts (current US$, BoP)?
- US$38.32 million in 2017, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 259.8% from US$10.65 million in 1981 (3.62% a year on average, compounded). The highest value was US$147.47 million in 2015 and the lowest US$10.65 million in 1981.
- Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Barbados?
- In 2017, Barbados' personal transfers, receipts (current US$, BoP) fell 69.6% on 2016 (from US$126.13 million to US$38.32 million). Across the 30 yearly changes before that (1987 to 2016), the average change was +8.3% and a typical year strayed about 22.9% from that (the standard deviation). This year's change was 3.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator BX.TRF.PWKR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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