Bosnia and Herzegovina - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Bosnia and Herzegovina was $61,811,370 as of 2016. As the graph below shows, over the past 16 years this indicator reached a maximum value of $65,397,820 in 2007 and a minimum value of $2,350,912 in 2000.

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
2000 $2,350,912
2001 $10,807,340
2002 $14,009,280
2003 $20,021,610
2004 $62,067,340
2005 $39,993,450
2006 $54,510,130
2007 $65,397,820
2008 $55,292,740
2009 $55,055,850
2010 $46,440,160
2011 $51,680,120
2012 $46,846,960
2013 $48,445,050
2014 $51,829,580
2015 $59,953,620
2016 $61,811,370

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Bosnia and Herzegovina was $1,845,995,000 as of 2016. As the graph below shows, over the past 18 years this indicator reached a maximum value of $2,717,664,000 in 2008 and a minimum value of $1,495,730,000 in 2002.

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
1998 $1,984,050,000
1999 $1,872,784,000
2000 $1,580,952,000
2001 $1,500,017,000
2002 $1,495,730,000
2003 $1,738,096,000
2004 $2,053,202,000
2005 $2,037,732,000
2006 $2,148,941,000
2007 $2,686,416,000
2008 $2,717,664,000
2009 $2,127,033,000
2010 $1,822,305,000
2011 $1,958,230,000
2012 $1,845,715,000
2013 $1,957,987,000
2014 $2,107,140,000
2015 $1,801,112,000
2016 $1,845,995,000

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments