Armenia - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Armenia was 10.50 as of 2020. Its highest value over the past 25 years was 22.02 in 2004, while its lowest value was 4.86 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
1995 4.86
1996 9.63
1997 13.97
1998 8.80
1999 9.90
2000 9.53
2001 9.88
2002 11.10
2003 11.96
2004 22.02
2005 18.68
2006 18.31
2007 17.86
2008 16.33
2009 16.65
2010 18.03
2011 17.73
2012 18.03
2013 19.71
2014 17.90
2015 14.13
2016 13.11
2017 13.35
2018 11.94
2019 11.22
2020 10.50

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