China - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in China was 0.128 as of 2020. Its highest value over the past 38 years was 0.477 in 1997, while its lowest value was 0.033 in 1998.

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
1982 0.301
1983 0.235
1984 0.155
1985 0.088
1986 0.148
1987 0.084
1988 0.104
1989 0.054
1990 0.054
1991 0.102
1992 0.145
1993 0.142
1994 0.152
1995 0.048
1996 0.194
1997 0.477
1998 0.033
1999 0.048
2000 0.063
2001 0.090
2002 0.160
2003 0.279
2004 0.340
2005 0.146
2006 0.157
2007 0.192
2008 0.199
2009 0.181
2010 0.224
2011 0.219
2012 0.200
2013 0.186
2014 0.286
2015 0.299
2016 0.239
2017 0.233
2018 0.175
2019 0.128
2020 0.128

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