Bosnia and Herzegovina - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Bosnia and Herzegovina was 10.92 as of 2016. Its highest value over the past 18 years was 48.20 in 1998, while its lowest value was 10.50 in 2011.

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
1998 48.20
1999 39.97
2000 28.71
2001 26.09
2002 22.49
2003 20.77
2004 20.49
2005 18.15
2006 16.70
2007 17.03
2008 14.22
2009 12.08
2010 10.61
2011 10.50
2012 10.71
2013 10.77
2014 11.35
2015 11.11
2016 10.92

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