Caribbean remittances surged nearly 11% in 2025, now easing

Diaspora senders front-loaded transfers amid US immigration uncertainty, lifting Caribbean inflows sharply before growth began to moderate into 2026.

Remittances to Latin America and the Caribbean reached a record US$173.7 billion in 2025, up 7.3%, with Caribbean inflows up 10.8%, the Inter-American Development Bank reported. Haiti led at 22.2% and the Dominican Republic grew 9.3% to US$11.9 billion.

Growth slowed to 5.7% in the first quarter of 2026 as the surge and accumulated savings faded. For several economies, remittances remain a larger and steadier inflow than either aid or investment.