India - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in India was $7,010,825,000 as of 2020. As the graph below shows, over the past 44 years this indicator reached a maximum value of $7,531,590,000 in 2019 and a minimum value of $9,138,853 in 1976.

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
1976 $9,138,853
1977 $11,641,250
1978 $57,404,830
1979 $10,211,730
1980 $29,241,800
1981 $15,402,510
1982 $13,516,850
1983 $39,727,380
1984 $27,499,770
1985 $30,896,380
1986 $42,055,760
1987 $65,468,290
1988 $93,125,850
1989 $98,650,080
1990 $105,592,300
1991 $51,584,170
1992 $67,776,940
1993 $259,423,900
1994 $350,832,900
1995 $419,173,600
1996 $537,989,200
1997 $161,582,900
1998 $44,157,100
1999 $36,167,400
2000 $486,141,900
2001 $751,084,700
2002 $1,186,800,000
2003 $1,265,420,000
2004 $1,652,783,000
2005 $1,348,283,000
2006 $1,561,865,000
2007 $2,059,331,000
2008 $3,812,364,000
2009 $2,889,988,000
2010 $3,828,678,000
2011 $4,077,745,000
2012 $4,963,082,000
2013 $6,431,771,000
2014 $6,221,786,000
2015 $4,882,832,000
2016 $5,622,637,000
2017 $6,958,929,000
2018 $6,781,571,000
2019 $7,531,590,000
2020 $7,010,825,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in India was $83,149,180,000 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of $83,332,080,000 in 2019 and a minimum value of $429,883,700 in 1975.

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
1975 $429,883,700
1976 $642,343,800
1977 $934,415,900
1978 $1,164,777,000
1979 $1,437,018,000
1980 $2,756,976,000
1981 $2,301,415,000
1982 $2,617,671,000
1983 $2,660,082,000
1984 $2,294,750,000
1985 $2,469,209,000
1986 $2,239,903,000
1987 $2,665,414,000
1988 $2,315,296,000
1989 $2,613,844,000
1990 $2,383,740,000
1991 $3,289,109,000
1992 $2,897,426,000
1993 $3,522,788,000
1994 $5,856,694,000
1995 $6,222,996,000
1996 $8,765,694,000
1997 $10,330,960,000
1998 $9,479,300,000
1999 $11,124,280,000
2000 $12,883,470,000
2001 $14,273,020,000
2002 $15,735,740,000
2003 $20,999,150,000
2004 $18,750,380,000
2005 $22,125,090,000
2006 $28,333,640,000
2007 $37,216,760,000
2008 $49,977,280,000
2009 $49,203,910,000
2010 $53,479,960,000
2011 $62,499,070,000
2012 $68,820,520,000
2013 $69,970,360,000
2014 $70,388,650,000
2015 $68,909,690,000
2016 $62,744,360,000
2017 $68,967,180,000
2018 $78,790,170,000
2019 $83,332,080,000
2020 $83,149,180,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in India was 3.13 as of 2020. Its highest value over the past 45 years was 4.17 in 2008, while its lowest value was 0.44 in 1975.

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 0.44
1976 0.63
1977 0.77
1978 0.85
1979 0.94
1980 1.48
1981 1.19
1982 1.30
1983 1.22
1984 1.08
1985 1.06
1986 0.90
1987 0.96
1988 0.78
1989 0.88
1990 0.74
1991 1.22
1992 1.01
1993 1.26
1994 1.79
1995 1.73
1996 2.23
1997 2.48
1998 2.25
1999 2.42
2000 2.75
2001 2.94
2002 3.06
2003 3.46
2004 2.64
2005 2.70
2006 3.01
2007 3.06
2008 4.17
2009 3.67
2010 3.19
2011 3.43
2012 3.77
2013 3.77
2014 3.45
2015 3.28
2016 2.73
2017 2.60
2018 2.92
2019 2.90
2020 3.13

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments