Australia - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Australia was 0.090 as of 2020. Its highest value over the past 50 years was 0.801 in 1989, while its lowest value was 0.090 in 2020.

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
1970 0.436
1971 0.389
1972 0.440
1973 0.439
1974 0.347
1975 0.294
1976 0.290
1977 0.296
1978 0.351
1979 0.367
1980 0.421
1981 0.419
1982 0.397
1983 0.508
1984 0.494
1985 0.559
1986 0.578
1987 0.737
1988 0.798
1989 0.801
1990 0.761
1991 0.762
1992 0.592
1993 0.353
1994 0.396
1995 0.119
1996 0.129
1997 0.124
1998 0.126
1999 0.137
2000 0.125
2001 0.128
2002 0.118
2003 0.139
2004 0.134
2005 0.135
2006 0.136
2007 0.157
2008 0.145
2009 0.144
2010 0.162
2011 0.175
2012 0.156
2013 0.155
2014 0.159
2015 0.161
2016 0.170
2017 0.151
2018 0.130
2019 0.126
2020 0.090

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