Austria - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Austria was $6,203,754,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $6,230,834,000 in 2019 and a minimum value of $24,692,310 in 1970.

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
1970 $24,692,310
1971 $46,596,700
1972 $98,605,580
1973 $181,810,500
1974 $271,194,100
1975 $243,576,300
1976 $232,826,500
1977 $239,277,400
1978 $187,292,400
1979 $231,978,400
1980 $334,470,300
1981 $285,688,400
1982 $265,836,200
1983 $214,980,100
1984 $194,567,600
1985 $189,676,200
1986 $224,538,700
1987 $228,747,100
1988 $251,341,300
1989 $302,310,700
1990 $319,779,000
1991 $415,871,500
1992 $206,126,300
1993 $288,914,000
1994 $292,412,100
1995 $345,817,100
1996 $346,234,000
1997 $342,774,300
1998 $932,067,500
1999 $1,370,329,000
2000 $1,298,060,000
2001 $1,421,891,000
2002 $1,517,670,000
2003 $1,874,190,000
2004 $2,227,847,000
2005 $2,118,673,000
2006 $2,302,163,000
2007 $2,592,071,000
2008 $2,984,770,000
2009 $2,909,179,000
2010 $2,989,978,000
2011 $3,622,756,000
2012 $3,450,702,000
2013 $3,895,701,000
2014 $4,962,527,000
2015 $4,750,215,000
2016 $4,885,124,000
2017 $5,369,094,000
2018 $6,206,351,000
2019 $6,230,834,000
2020 $6,203,754,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Austria was $3,000,360,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $3,261,506,000 in 2013 and a minimum value of $16,576,920 in 1970.

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
1970 $16,576,920
1971 $24,760,210
1972 $36,248,190
1973 $52,594,650
1974 $80,947,890
1975 $87,247,400
1976 $105,288,000
1977 $118,988,000
1978 $154,029,700
1979 $198,398,700
1980 $244,725,100
1981 $223,907,000
1982 $220,660,100
1983 $214,508,600
1984 $197,660,000
1985 $201,390,900
1986 $303,058,500
1987 $400,337,300
1988 $448,963,900
1989 $469,524,200
1990 $634,832,300
1991 $772,377,200
1992 $815,280,900
1993 $768,971,100
1994 $844,941,200
1995 $1,012,422,000
1996 $984,293,600
1997 $915,090,700
1998 $1,416,633,000
1999 $1,809,788,000
2000 $1,804,517,000
2001 $1,774,001,000
2002 $1,985,330,000
2003 $2,496,145,000
2004 $2,520,989,000
2005 $2,313,507,000
2006 $2,517,172,000
2007 $2,915,622,000
2008 $3,189,809,000
2009 $3,101,682,000
2010 $2,983,489,000
2011 $3,250,805,000
2012 $3,028,189,000
2013 $3,261,506,000
2014 $3,239,902,000
2015 $2,863,607,000
2016 $2,887,577,000
2017 $2,956,934,000
2018 $3,022,591,000
2019 $2,966,979,000
2020 $3,000,360,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Austria was 0.693 as of 2020. Its highest value over the past 50 years was 0.952 in 2003, while its lowest value was 0.108 in 1970.

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 0.108
1971 0.139
1972 0.164
1973 0.178
1974 0.230
1975 0.218
1976 0.245
1977 0.231
1978 0.248
1979 0.268
1980 0.298
1981 0.315
1982 0.310
1983 0.297
1984 0.291
1985 0.290
1986 0.306
1987 0.322
1988 0.337
1989 0.353
1990 0.381
1991 0.444
1992 0.418
1993 0.404
1994 0.415
1995 0.420
1996 0.415
1997 0.430
1998 0.649
1999 0.833
2000 0.915
2001 0.898
2002 0.926
2003 0.952
2004 0.836
2005 0.732
2006 0.749
2007 0.749
2008 0.738
2009 0.772
2010 0.761
2011 0.753
2012 0.740
2013 0.758
2014 0.732
2015 0.750
2016 0.729
2017 0.709
2018 0.664
2019 0.667
2020 0.693

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments