El Salvador - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in El Salvador was 24.09 as of 2020. Its highest value over the past 44 years was 24.09 in 2020, while its lowest value was 0.46 in 1976.

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
1976 0.46
1977 1.84
1978 2.17
1979 2.89
1980 1.37
1981 2.11
1982 3.30
1983 3.29
1984 4.35
1985 4.14
1986 4.17
1987 4.72
1988 5.03
1989 5.44
1990 7.60
1991 9.05
1992 11.94
1993 11.91
1994 12.65
1995 11.92
1996 11.31
1997 11.73
1998 12.24
1999 12.28
2000 14.97
2001 15.67
2002 15.42
2003 16.02
2004 18.67
2005 20.61
2006 21.77
2007 21.80
2008 20.87
2009 19.33
2010 18.82
2011 17.96
2012 18.30
2013 18.04
2014 18.41
2015 18.24
2016 18.86
2017 20.00
2018 20.72
2019 21.05
2020 24.09

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