Remittance Inflows to GDP for Antigua and Barbuda
DDOI11AGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.65
Year-over-Year Change
66.42%
Date Range
1/1/1986 - 1/1/2020
Summary
This economic trend measures the inflow of remittances as a percentage of Antigua and Barbuda's GDP. Remittances play a crucial role in the economic well-being of developing countries like Antigua and Barbuda.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Remittance Inflows to GDP for Antigua and Barbuda indicates the importance of money transfers from Antiguans and Barbudans living abroad to their home country's economy. This metric is closely watched by policymakers to understand the resilience and reliance of the country's economy on remittance flows.
Methodology
The data is collected and calculated by the World Bank based on balance of payments statistics.
Historical Context
This trend is widely used by economists and international organizations to assess the economic health and development of small island nations.
Key Facts
- Remittances account for over 10% of Antigua and Barbuda's GDP.
- Antigua and Barbuda relies heavily on remittances from its large diaspora community.
- Remittance inflows have been growing steadily in Antigua and Barbuda over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of remittances (money transfers) received by Antigua and Barbuda from its citizens living abroad as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Remittance inflows are a crucial source of external financing for developing economies like Antigua and Barbuda, and this metric helps assess the reliance and resilience of the country's economy on these flows.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations closely monitor this trend to understand the economic health and development of small island nations like Antigua and Barbuda, which rely heavily on remittance inflows.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Antigua and Barbuda (DDOI11AGA156NWDB), retrieved from FRED.