Cabo Verde - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Cabo Verde was 14.43 as of 2020. Its highest value over the past 40 years was 28.17 in 1980, while its lowest value was 7.87 in 2010.

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
1980 28.17
1981 22.66
1982 18.38
1983 14.84
1984 15.62
1985 15.07
1986 14.46
1987 15.48
1988 16.17
1989 17.84
1990 19.27
1991 19.50
1992 21.28
1993 15.60
1994 21.02
1995 21.73
1996 19.99
1997 15.58
1998 14.13
1999 13.46
2000 16.65
2001 14.38
2002 13.69
2003 13.32
2004 12.27
2005 14.06
2006 12.33
2007 9.17
2008 8.66
2009 7.92
2010 7.87
2011 9.48
2012 10.16
2013 9.51
2014 10.59
2015 12.58
2016 12.71
2017 12.25
2018 11.93
2019 12.18
2020 14.43

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