Albania - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Albania was 9.85 as of 2020. Its highest value over the past 28 years was 28.01 in 1993, while its lowest value was 9.56 in 2019.

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
1992 23.28
1993 28.01
1994 16.33
1995 17.86
1996 17.22
1997 13.30
1998 19.80
1999 12.68
2000 17.18
2001 17.83
2002 16.87
2003 15.84
2004 16.15
2005 16.02
2006 15.28
2007 13.75
2008 14.48
2009 14.26
2010 13.30
2011 12.04
2012 11.52
2013 10.03
2014 10.74
2015 11.34
2016 11.01
2017 10.08
2018 9.62
2019 9.56
2020 9.85

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