Latin America & Caribbean: Personal transfers, receipts (current US$, BoP)

Key figures

What the numbers say

In 2024, Latin America & Caribbean's personal transfers, receipts (current US$, BoP) rose 5.8% on 2023 (from US$155.65 billion to US$164.67 billion).

Across the 25 yearly changes before that (1999 to 2023), the average change was +10.5% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 32.3% in 2003 and the biggest yearly fall was 12.5% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$11.68 billion a year. A straight line explains 97% of the movement over 10 observed years.

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.

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 27 values

Personal transfers, receipts (current US$, BoP) in nearby economies

• Afghanistan — US$722.23 million (2020)
• Algeria — US$1.62 billion (2025)
• Egypt, Arab Rep. — US$41.52 billion (2025)
• Iraq — US$687.2 million (2025)
• Jordan — US$4.07 billion (2024)
• Lebanon — US$6.56 billion (2023)
• Malta — US$221.9 million (2016)
• Morocco — US$13.66 billion (2025)
• Pakistan — US$40.19 billion (2025)
• Qatar — US$1.26 billion (2025)

More economic policy & debt data for Latin America & Caribbean

• General government final consumption expenditure (current US$) — US$1.19 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$1 trillion (2025)
• General government final consumption expenditure (% of GDP) — 16.07% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$5.08 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$4.27 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,410 (2025)
• Households and NPISHs final consumption expenditure (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Latin America & Caribbean's personal transfers, receipts (current US$, BoP)?

US$164.67 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is up 1,077% from US$13.99 billion in 1998 (9.95% a year on average, compounded). The highest value was US$164.67 billion in 2024 and the lowest US$13.99 billion in 1998.

Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Latin America & Caribbean?

In 2024, Latin America & Caribbean's personal transfers, receipts (current US$, BoP) rose 5.8% on 2023 (from US$155.65 billion to US$164.67 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +10.5% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

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.