Remittance outflow from Honduras, by year 2023

In 2023, the value of personal remittances paid in Honduras increased by 0.7 million U.S. dollars (+0.2 percent) since the previous year. Moreover, the last three years recorded a significant higher value than the preceding years.
Personal remittances refer to personal transfers and compensation of employees. The former includes all current transfers between resident and nonresident individuals, while the latter refers to the income of workers who are employed in an economy where they are not resident, and of residents employed by nonresident entities. These include border, seasonal, and other short-term workers.

Value of personal remittances in Honduras from 2004 to 2023, based on remittance outflow towards any other country

Characteristic	Personal remittance outflow (in million U.S. dollar)	Year-on-year percentage change (%)
2023	339.2	0.2
2022	338.52	-1.6
2021	343.86	17.9
2020	291.71	-11.6
2019	329.93	14.5
2018	288.14	10.3
2017	261.15	535.4
2016	41.1	0
2015	41.1	-2.4
2014	42.1	2.8
2013	40.94	12.4
2012	36.43	10.5
2011	32.98	20.9
2010	27.29	0.4
2009	27.19	-26.4
2008	36.95	1,385.6
2007	2.49	17.2
2006	2.12	338.8
2005	0.48	-97.1
2004	16.63	-

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Release date

July 2024

More information

Region

Honduras

Survey time period

2004 to 2023

Special properties

All figures are estimates and in current U.S. dollars; This statistic follows the BPM 6 definitions of remittances, differentiating between "personal" and "total" remittances even if the two figures are often the same. See the "Details" tab for more information.

Supplementary notes

The numbers provided have been calculated by Statista, using definitions of remittances set in BPM 6 - the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual. The IMF used the following remittance definitions:

Personal remittances: The sum of "personal transfers", "compensation of employees" and "capital transfers between households";
Total remittances: The sum of "1. Personal remittances" with "social benefits";
Total remittances and transfers to Non-Profit Institutions Serving Households (NPISHs): The sum of "2. Total remittances" with "current transfers to NPISHs" and "capital transfers to NPISHs"

The categories of "personal transfers", "compensation of employees", "capital transfers between households", "social benefits", "current transfers to NPISHs" and "capital transfers to NPISHs" are all found in the IMF's Balance of Payments (BOP) database. Both the World Bank - and its KNOMAD department - adopted this IMF database in all their reportings on remittances.

Only the first two IMF categories - "personal transfers" and "compensation of employees" - are reported, though. All other categories are supplementary, meaning data is often not available or researched. This effectively means remittance data is incomplete - as it only covers (parts of) 1. Personal remittances.

Due to this lack of additional information, calculations on 1. Personal remittances and 2. Total remittances regularly lead to the same results. However, sources tend to write "total remittances" when the figures technically refer to "personal remittances". To avoid this confusion, Statista follows the BPM 6 wording of "personal remittances", unless a country does provide additional data that would lead to different figures that would be accounted for in "total remittances".

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