Mongolia - 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 Mongolia was $169,163,900 as of 2010. As the graph below shows, over the past 12 years this indicator reached a maximum value of $172,184,900 in 2008 and a minimum value of $3,000,000 in 1998.
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 |
|---|---|
| 1998 | $3,000,000 |
| 1999 | $3,200,000 |
| 2000 | $3,000,000 |
| 2001 | $8,358,124 |
| 2002 | $13,716,250 |
| 2003 | $54,300,000 |
| 2004 | $49,100,000 |
| 2005 | $40,420,000 |
| 2006 | $76,570,000 |
| 2007 | $90,323,100 |
| 2008 | $172,184,900 |
| 2009 | $83,443,650 |
| 2010 | $169,163,900 |
Workers' remittances and compensation of employees, received (current US$)
The value for Workers' remittances and compensation of employees, received (current US$) in Mongolia was $276,518,600 as of 2010. As the graph below shows, over the past 12 years this indicator reached a maximum value of $276,518,600 in 2010 and a minimum value of $5,500,000 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 |
|---|---|
| 1998 | $5,500,000 |
| 1999 | $7,200,000 |
| 2000 | $12,000,000 |
| 2001 | $25,000,000 |
| 2002 | $56,312,150 |
| 2003 | $128,600,000 |
| 2004 | $202,500,000 |
| 2005 | $180,360,000 |
| 2006 | $181,390,000 |
| 2007 | $178,029,700 |
| 2008 | $225,330,900 |
| 2009 | $199,618,700 |
| 2010 | $276,518,600 |
Workers' remittances and compensation of employees, received (% of GDP)
Workers' remittances and compensation of employees, received (% of GDP) in Mongolia was 4.46 as of 2010. Its highest value over the past 12 years was 10.17 in 2004, while its lowest value was 0.49 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.
Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1998 | 0.49 |
| 1999 | 0.68 |
| 2000 | 1.06 |
| 2001 | 1.97 |
| 2002 | 4.03 |
| 2003 | 8.06 |
| 2004 | 10.17 |
| 2005 | 7.15 |
| 2006 | 5.34 |
| 2007 | 4.20 |
| 2008 | 4.01 |
| 2009 | 4.35 |
| 2010 | 4.46 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
