Norway - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Norway was 0.164 as of 2020. Its highest value over the past 45 years was 0.197 in 1981, while its lowest value was 0.024 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.

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

See also:

Year Value
1975 0.024
1976 0.024
1977 0.159
1978 0.146
1979 0.138
1980 0.158
1981 0.197
1982 0.170
1983 0.164
1984 0.163
1985 0.161
1986 0.141
1987 0.143
1988 0.135
1989 0.137
1990 0.132
1991 0.143
1992 0.145
1993 0.138
1994 0.134
1995 0.157
1996 0.189
1997 0.179
1998 0.195
1999 0.177
2000 0.158
2001 0.160
2002 0.170
2003 0.171
2004 0.176
2005 0.164
2006 0.153
2007 0.154
2008 0.148
2009 0.164
2010 0.159
2011 0.154
2012 0.150
2013 0.151
2014 0.152
2015 0.158
2016 0.161
2017 0.155
2018 0.147
2019 0.152
2020 0.164

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments