Romania - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Romania was $363,000,000 as of 2011. As the graph below shows, over the past 17 years this indicator reached a maximum value of $651,000,000 in 2008 and a minimum value of $1,000,000 in 1997.

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
1994 $5,000,000
1995 $2,000,000
1996 $2,000,000
1997 $1,000,000
1998 $6,000,000
1999 $8,000,000
2000 $6,000,000
2001 $5,000,000
2002 $7,000,000
2003 $8,000,000
2004 $8,000,000
2005 $27,430,000
2006 $48,880,000
2007 $344,000,000
2008 $651,000,000
2009 $299,000,000
2010 $359,000,000
2011 $363,000,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Romania was $3,889,000,000 as of 2011. As the graph below shows, over the past 17 years this indicator reached a maximum value of $9,285,000,000 in 2008 and a minimum value of $9,000,000 in 1995.

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
1994 $11,000,000
1995 $9,000,000
1996 $18,000,000
1997 $16,000,000
1998 $49,000,000
1999 $96,000,000
2000 $96,000,000
2001 $116,000,000
2002 $143,000,000
2003 $124,000,000
2004 $132,000,000
2005 $4,707,910,000
2006 $6,673,440,000
2007 $8,461,000,000
2008 $9,285,000,000
2009 $4,881,000,000
2010 $3,879,000,000
2011 $3,889,000,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Romania was 2.05 as of 2011. Its highest value over the past 17 years was 5.44 in 2006, while its lowest value was 0.03 in 1995.

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
1994 0.04
1995 0.03
1996 0.05
1997 0.05
1998 0.12
1999 0.27
2000 0.26
2001 0.29
2002 0.31
2003 0.21
2004 0.17
2005 4.76
2006 5.44
2007 5.00
2008 4.54
2009 2.97
2010 2.36
2011 2.05

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments