Still Below Pre-Crisis Levels
From the report:
The countries of the Caribbean after they were affected by the crisis, enjoyed an accelerated recovery of remittance flows due to the extraordinary amounts sent to Haiti in response to the 2010 earthquake. In 2012, the total volume of remittances sent to that region showed practically zero annual growth rate. During 2013, remittance trends in these countries were similar to those observed in the rest of the LAC region, with the exception of Central America.
In the first and second quarters of 2013, remittance levels in Caribbean countries fell 1.8% and 0.6%. In the third and fourth quarters, rates rose by 4.1% and 10%, respectively; total annual growth in the Caribbean was 3%. The Caribbean country leading this growth was the Dominican Republic, with an annual growth of 5.5%, while the levels of remittances being sent to the other Caribbean countries included in this study grew only 1.3% to 1.6% during the year.
Remittances in 2013
Annual growth rate
|Trinidad and Tobago||0.131||1.6%|