Canada - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Canada was 0.050 as of 2020. Its highest value over the past 25 years was 0.097 in 1999, while its lowest value was 0.050 in 2020.

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
1995 0.081
1996 0.089
1997 0.075
1998 0.078
1999 0.097
2000 0.074
2001 0.083
2002 0.084
2003 0.075
2004 0.081
2005 0.080
2006 0.082
2007 0.080
2008 0.084
2009 0.087
2010 0.074
2011 0.068
2012 0.069
2013 0.072
2014 0.075
2015 0.082
2016 0.084
2017 0.077
2018 0.075
2019 0.075
2020 0.050

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