Chile - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Chile was 0.028 as of 2020. Its highest value over the past 37 years was 0.030 in 2009, while its lowest value was 0.000 in 2005.

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
1983 0.005
1984 0.005
1985 0.006
1986 0.002
1987 0.002
1988 0.000
1989 0.004
1990 0.001
2000 0.017
2001 0.017
2002 0.018
2003 0.016
2004 0.012
2005 0.000
2006 0.000
2007 0.000
2008 0.000
2009 0.030
2010 0.029
2011 0.028
2012 0.027
2013 0.026
2014 0.023
2015 0.024
2016 0.026
2017 0.024
2018 0.023
2019 0.025
2020 0.028

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