Angola - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Angola was $576,471,400 as of 2020. As the graph below shows, over the past 35 years this indicator reached a maximum value of $2,746,616,000 in 2014 and a minimum value of $71,000,000 in 1988.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1985 $79,000,000
1986 $89,000,000
1987 $77,000,000
1988 $71,000,000
1989 $104,000,000
1990 $150,000,000
1991 $124,500,000
1992 $121,637,000
1993 $132,900,000
1994 $148,900,000
1995 $209,546,000
1996 $173,802,000
1997 $179,950,000
1998 $201,650,000
1999 $263,070,000
2000 $266,290,000
2001 $216,060,000
2002 $223,508,000
2003 $229,850,000
2004 $296,009,600
2005 $214,905,200
2006 $412,666,800
2007 $602,671,400
2008 $669,453,700
2009 $715,962,000
2010 $714,458,900
2011 $564,261,600
2012 $2,051,321,000
2013 $2,395,966,000
2014 $2,746,616,000
2015 $1,252,909,000
2016 $1,176,110,000
2017 $961,415,300
2018 $681,627,000
2019 $549,082,000
2020 $576,471,400

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Angola was $8,053,051.00 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of $82,084,000.00 in 2008 and a minimum value of $0.00 in 2005.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1996 $5,142,000.00
2005 $0.00
2006 $0.00
2007 $0.00
2008 $82,084,000.00
2009 $162,358.50
2010 $17,972,040.00
2011 $204,751.10
2012 $40,348,850.00
2013 $36,637,410.00
2014 $30,971,120.00
2015 $11,114,710.00
2016 $3,988,049.00
2017 $1,418,196.00
2018 $1,579,247.00
2019 $3,445,474.00
2020 $8,053,051.00

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Angola was 0.014 as of 2020. Its highest value over the past 24 years was 0.093 in 2008, while its lowest value was 0.000 in 2005.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.

See also:

Year Value
1996 0.068
2005 0.000
2006 0.000
2007 0.000
2008 0.093
2009 0.000
2010 0.021
2011 0.000
2012 0.032
2013 0.027
2014 0.021
2015 0.010
2016 0.004
2017 0.001
2018 0.002
2019 0.004
2020 0.014

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments