Workers' remittances paid reached 262 USD mil in 2017 in Bahamas, according to the National Statistical Office. This is 35.3 % more than in the previous year.
Historically, workers' remittances paid in Bahamas reached an all time high of 262 USD mil in 2017 and an all time low of 26.5 USD mil in 1976. When compared to Bahamas's main peers, workers' remittances paid in Dominican Republic amounted to 635 USD mil, 298 USD mil in Haiti and 67,964 USD mil in USA in 2017.
Bahamas has been ranked 85th within the group of 142 countries we follow in terms of workers' remittances paid, 1 places above the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.