Belgium - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Belgium was $3,890,063,000 as of 2016. As the graph below shows, over the past 41 years this indicator reached a maximum value of $4,556,454,000 in 2011 and a minimum value of $580,808,300 in 1975.

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
1975 $580,808,300
1976 $663,999,300
1977 $713,931,500
1978 $987,577,900
1979 $1,130,499,000
1980 $1,280,031,000
1981 $1,187,483,000
1982 $994,580,700
1983 $892,699,200
1984 $793,433,400
1985 $779,245,700
1986 $986,456,300
1987 $1,276,382,000
1988 $1,380,126,000
1989 $1,508,718,000
1990 $2,309,631,000
1991 $2,432,428,000
1992 $2,896,886,000
1993 $3,029,477,000
1994 $3,659,792,000
1995 $3,251,686,000
1996 $3,418,261,000
1997 $3,125,033,000
1998 $3,347,352,000
1999 $3,653,231,000
2000 $3,587,771,000
2001 $3,905,531,000
2002 $1,627,046,000
2003 $2,095,517,000
2004 $2,340,524,000
2005 $2,427,152,000
2006 $2,563,597,000
2007 $3,202,189,000
2008 $4,124,202,000
2009 $4,479,408,000
2010 $4,184,879,000
2011 $4,556,454,000
2012 $4,238,761,000
2013 $4,488,288,000
2014 $4,501,044,000
2015 $3,759,800,000
2016 $3,890,063,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Belgium was $10,125,720,000 as of 2016. As the graph below shows, over the past 41 years this indicator reached a maximum value of $11,426,750,000 in 2014 and a minimum value of $658,915,500 in 1976.

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
1975 $662,297,400
1976 $658,915,500
1977 $754,823,100
1978 $956,470,500
1979 $1,041,823,000
1980 $1,139,075,000
1981 $948,875,600
1982 $837,334,500
1983 $848,768,900
1984 $780,039,000
1985 $817,282,900
1986 $1,098,416,000
1987 $1,275,191,000
1988 $1,430,125,000
1989 $2,736,618,000
1990 $3,583,138,000
1991 $3,972,553,000
1992 $4,475,618,000
1993 $4,580,758,000
1994 $4,612,881,000
1995 $4,936,722,000
1996 $4,947,036,000
1997 $4,328,917,000
1998 $4,204,201,000
1999 $4,466,879,000
2000 $4,004,603,000
2001 $3,933,339,000
2002 $4,529,950,000
2003 $5,773,395,000
2004 $6,557,215,000
2005 $6,887,660,000
2006 $7,266,036,000
2007 $8,993,450,000
2008 $10,479,600,000
2009 $10,638,410,000
2010 $10,350,500,000
2011 $11,065,650,000
2012 $10,625,770,000
2013 $11,223,670,000
2014 $11,426,750,000
2015 $9,873,303,000
2016 $10,125,720,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Belgium was 2.16 as of 2016. Its highest value over the past 41 years was 2.20 in 2009, while its lowest value was 0.85 in 1987.

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
1975 1.00
1976 0.92
1977 0.91
1978 0.94
1979 0.89
1980 0.89
1981 0.90
1982 0.90
1983 0.97
1984 0.93
1985 0.94
1986 0.91
1987 0.85
1988 0.88
1989 1.66
1990 1.74
1991 1.88
1992 1.90
1993 2.03
1994 1.87
1995 1.70
1996 1.76
1997 1.70
1998 1.61
1999 1.72
2000 1.68
2001 1.65
2002 1.75
2003 1.81
2004 1.77
2005 1.78
2006 1.77
2007 1.91
2008 2.02
2009 2.20
2010 2.14
2011 2.10
2012 2.13
2013 2.15
2014 2.15
2015 2.17
2016 2.16

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments