Venezuela - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Venezuela was 0.027 as of 2014. Its highest value over the past 29 years was 0.249 in 2003, while its lowest value was 0.002 in 1985.

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
1985 0.002
1986 0.002
1987 0.002
1988 0.002
1989 0.002
1990 0.002
1991 0.004
1992 0.003
1993 0.003
1994 0.003
1995 0.003
1996 0.006
1997 0.020
1998 0.019
1999 0.017
2000 0.015
2001 0.015
2002 0.020
2003 0.249
2004 0.127
2005 0.102
2006 0.090
2007 0.066
2008 0.043
2009 0.040
2010 0.036
2011 0.044
2012 0.031
2013 0.032
2014 0.027

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