6 migration and remittances: a case study of the caribbean

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Source: ECCB Balance of Payments 1999

Central Bank of Barbados, Balance of Payments of Barbados 1994

IMF Balance of Payments Statistics Yearbook, various issues

Bank of Jamaica

IMF International Financial Statistics, various issues

TABLE 4

NET REMITTANCES AS A RATIO OF EXPORT OF GOODS

AND SERVICES FOR SELECTED CARIBBEAN COUNTRIES

COUNTRY		1989	1990	1991	1992	1993	1994	1995	1996	1997	1998

Anguilla		NA	7,3	2,3	5,2	4,9	4,3	8,46	4,18	-0,15	-0,07
Antigua & Barbuda	5,2	3,4	1,3	0,6	0,1	0,8	6,67	3,14	4,23	7,44
Antigua & Barbuda	British Virgin Islands	-6,4	-7,3	-7,6	-6,6	-5,9	NA	NA	NA	NA	NA
Dominica		14,0	11,0	11,4	9,7	9,0	8,5	4,16	4,20	3,39	3,20
Grenada		18,5	18,1	18,5	18,2	15,5	18,5	10,23	11,14	10,25	8,65
Montserrat		193,6	73,4	39,3	33,4	20,3	18,2	7,11	-5,08	2,29	-3,93
St. Kitts/Nevis		17,6	12,6	11,1	10,1	9,4	11,7	5,44	13,49	4,25	6,54
St. Lucia		4,1	3,9	5,5	3,6	1,4	3,9	1,85	1,37	1,52	1,62
St. Vincent/Grenadines	British Virgin Islands	8,8	9,3	9,0	7,1	8,4	16,1	3,36	3,55	3,70	3,37
St. Vincent/Grenadines
The Bahamas		-0,7	-0,4	-0,4	-0,6	-0,6	-0,11	-0,06	-0,18	-0,20	-0,25
Barbados		3,8	4,4	4,0	4,9	2,9	4,07	3,01	3,34	4,02	4,43
Belize		9,5	7,1	6,1	6,2	5,1	5,23	5,64	6,67	7,55	8,16
Guyana		6,1	4,8	4,8	3,7	3,6	8,37	8,93	NA	NA	NA
Jamaica		7,2	7,0	9,3	11,2	13,4	15,82	16,59	17,72	17,42	17,75
Suriname		-1,0	-1,5	-2,0	-2,0	0,0	1,31	1,60	NA	NA	NA
Trinidad & Tobago	-1,0	-0,9	-0,7	-0,7	-0,4	0,16	-0,51	-0,21	0,12	0,54
Trinidad & Tobago
The Dominican Republic	14,5	21,2	17,7	18,0	16,6	17,39	16,20	17,74	18,19	24,67
The Dominican Republic	Haiti		13,8	12,1	9,4	20,6	15,2	64,03	56,51	79,17	67,55	61,17

Source: ECCB Balance of Payments 1999

Central Bank of Barbados, Balance of Payments of Barbados 1994

IMF Balance of Payments Statistics Yearbook, various issues

Bank of Jamaica

1 Senior Director, Research and Information Department of the Eastern Caribbean Central Bank, (e-mail: eccbrei@caribsurf.com or w_samuel@africana.com

2 An Increase in the level of recorded remittances does not necessarily mean that they have increased but that more is being captured in the statistics.

6.1.

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