Macedonia - Workers' remittances and compensation of employees
Workers' remittances and compensation of employees, paid (current US$)
The value for Workers' remittances and compensation of employees, paid (current US$) in Macedonia was $22,611,970 as of 2010. As the graph below shows, over the past 14 years this indicator reached a maximum value of $32,975,260 in 2008 and a minimum value of $380,000 in 1997.
Definition: Workers' remittances and compensation of employees received are current transfers by migrant workers and wages and salaries of nonresident workers. Data are in current U.S. dollars.
Source: World Bank staff estimates based on IMF balance of payments data.
See also:
| Year | Value |
|---|---|
| 1996 | $850,000 |
| 1997 | $380,000 |
| 1998 | $20,661,700 |
| 1999 | $11,999,650 |
| 2000 | $14,208,230 |
| 2001 | $20,520,590 |
| 2002 | $23,265,150 |
| 2003 | $16,067,710 |
| 2004 | $16,158,270 |
| 2005 | $15,545,110 |
| 2006 | $17,848,740 |
| 2007 | $24,875,470 |
| 2008 | $32,975,260 |
| 2009 | $26,302,030 |
| 2010 | $22,611,970 |
Workers' remittances and compensation of employees, received (current US$)
The value for Workers' remittances and compensation of employees, received (current US$) in Macedonia was $387,898,700 as of 2010. As the graph below shows, over the past 14 years this indicator reached a maximum value of $406,626,000 in 2008 and a minimum value of $63,237,640 in 1998.
Definition: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Data are in current U.S. dollars.
Source: World Bank staff estimates based on IMF balance of payments data.
See also:
| Year | Value |
|---|---|
| 1996 | $67,780,000 |
| 1997 | $77,690,000 |
| 1998 | $63,237,640 |
| 1999 | $76,537,010 |
| 2000 | $80,920,990 |
| 2001 | $73,439,220 |
| 2002 | $105,902,700 |
| 2003 | $173,661,500 |
| 2004 | $213,016,000 |
| 2005 | $226,568,500 |
| 2006 | $266,556,400 |
| 2007 | $345,010,200 |
| 2008 | $406,626,000 |
| 2009 | $381,153,600 |
| 2010 | $387,898,700 |
Workers' remittances and compensation of employees, received (% of GDP)
Workers' remittances and compensation of employees, received (% of GDP) in Macedonia was 4.22 as of 2010. Its highest value over the past 14 years was 4.23 in 2007, while its lowest value was 1.53 in 1996.
Definition: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers.
Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1996 | 1.53 |
| 1997 | 2.08 |
| 1998 | 1.77 |
| 1999 | 2.08 |
| 2000 | 2.26 |
| 2001 | 2.14 |
| 2002 | 2.79 |
| 2003 | 3.65 |
| 2004 | 3.86 |
| 2005 | 3.79 |
| 2006 | 4.06 |
| 2007 | 4.23 |
| 2008 | 4.13 |
| 2009 | 4.09 |
| 2010 | 4.22 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
