Euro area - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Euro area was $94,953,270,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $96,793,080,000 in 2019 and a minimum value of $311,507,800 in 1970.

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
1970 $311,507,800
1971 $2,638,756,000
1972 $3,261,377,000
1973 $4,454,101,000
1974 $4,957,721,000
1975 $8,187,691,000
1976 $8,399,127,000
1977 $8,865,042,000
1978 $11,098,250,000
1979 $12,684,120,000
1980 $14,035,460,000
1981 $12,383,180,000
1982 $11,589,930,000
1983 $10,879,480,000
1984 $10,211,690,000
1985 $10,278,880,000
1986 $13,008,260,000
1987 $15,777,660,000
1988 $17,446,840,000
1989 $17,315,570,000
1990 $21,109,710,000
1991 $20,535,370,000
1992 $23,970,650,000
1993 $23,703,530,000
1994 $21,612,540,000
1995 $26,484,740,000
1996 $26,076,200,000
1997 $24,389,800,000
1998 $25,431,750,000
1999 $27,816,200,000
2000 $26,694,890,000
2001 $28,496,050,000
2002 $29,297,030,000
2003 $35,767,840,000
2004 $43,008,480,000
2005 $45,271,060,000
2006 $49,724,870,000
2007 $61,507,300,000
2008 $84,444,000,000
2009 $81,581,240,000
2010 $76,508,850,000
2011 $83,187,690,000
2012 $76,626,490,000
2013 $83,279,410,000
2014 $84,265,280,000
2015 $77,172,550,000
2016 $79,423,850,000
2017 $86,481,840,000
2018 $95,981,030,000
2019 $96,793,080,000
2020 $94,953,270,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Euro area was $84,534,800,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $87,243,900,000 in 2019 and a minimum value of $1,382,002,000 in 1970.

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
1970 $1,382,002,000
1971 $1,823,008,000
1972 $2,114,380,000
1973 $2,214,560,000
1974 $2,019,359,000
1975 $6,305,355,000
1976 $6,795,427,000
1977 $8,967,569,000
1978 $11,448,120,000
1979 $14,020,030,000
1980 $16,332,660,000
1981 $14,725,030,000
1982 $14,397,030,000
1983 $13,125,890,000
1984 $12,507,540,000
1985 $12,529,510,000
1986 $16,460,080,000
1987 $19,496,120,000
1988 $22,055,090,000
1989 $23,194,770,000
1990 $27,879,100,000
1991 $28,072,250,000
1992 $29,691,740,000
1993 $28,249,220,000
1994 $27,368,180,000
1995 $29,351,390,000
1996 $29,153,310,000
1997 $32,706,620,000
1998 $33,363,150,000
1999 $26,767,080,000
2000 $25,490,610,000
2001 $26,242,900,000
2002 $29,385,210,000
2003 $36,195,350,000
2004 $41,150,100,000
2005 $43,929,840,000
2006 $48,049,200,000
2007 $57,849,170,000
2008 $69,700,260,000
2009 $68,082,700,000
2010 $69,326,720,000
2011 $77,373,820,000
2012 $75,264,390,000
2013 $82,115,310,000
2014 $84,957,180,000
2015 $77,851,620,000
2016 $77,453,060,000
2017 $80,724,650,000
2018 $85,742,030,000
2019 $87,243,900,000
2020 $84,534,800,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Euro area was 0.649 as of 2020. Its highest value over the past 45 years was 0.667 in 2015, while its lowest value was 0.376 in 1999.

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
1975 0.435
1976 0.440
1977 0.511
1978 0.533
1979 0.539
1980 0.561
1981 0.582
1982 0.588
1983 0.550
1984 0.546
1985 0.533
1986 0.498
1987 0.477
1988 0.491
1989 0.505
1990 0.479
1991 0.464
1992 0.444
1993 0.460
1994 0.419
1995 0.391
1996 0.383
1997 0.470
1998 0.467
1999 0.376
2000 0.392
2001 0.398
2002 0.408
2003 0.408
2004 0.405
2005 0.417
2006 0.430
2007 0.449
2008 0.492
2009 0.526
2010 0.548
2011 0.567
2012 0.596
2013 0.622
2014 0.629
2015 0.667
2016 0.647
2017 0.637
2018 0.626
2019 0.650
2020 0.649

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments