Albania - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Albania was $124,630,400 as of 2020. As the graph below shows, over the past 17 years this indicator reached a maximum value of $279,685,300 in 2008 and a minimum value of $4,135,728 in 2003.

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
2003 $4,135,728
2004 $4,863,741
2005 $6,511,798
2006 $26,532,130
2007 $9,940,000
2008 $279,685,300
2009 $229,819,800
2010 $209,306,800
2011 $150,855,100
2012 $215,775,600
2013 $190,551,300
2014 $178,722,800
2015 $153,312,400
2016 $147,156,800
2017 $106,331,000
2018 $114,879,300
2019 $119,679,600
2020 $124,630,400

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Albania was $1,465,987,000 as of 2020. As the graph below shows, over the past 28 years this indicator reached a maximum value of $1,865,582,000 in 2008 and a minimum value of $151,800,000 in 1992.

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
1992 $151,800,000
1993 $332,000,000
1994 $307,100,000
1995 $427,300,000
1996 $550,900,000
1997 $300,300,000
1998 $504,140,000
1999 $407,200,000
2000 $597,800,000
2001 $699,300,000
2002 $733,570,000
2003 $888,748,600
2004 $1,160,672,000
2005 $1,289,704,000
2006 $1,359,467,000
2007 $1,468,020,000
2008 $1,865,582,000
2009 $1,717,698,000
2010 $1,586,574,000
2011 $1,552,078,000
2012 $1,419,773,000
2013 $1,281,848,000
2014 $1,421,007,000
2015 $1,290,863,000
2016 $1,306,009,000
2017 $1,311,822,000
2018 $1,458,210,000
2019 $1,472,812,000
2020 $1,465,987,000

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments