El Salvador - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in El Salvador was $185,782,300 as of 2020. As the graph below shows, over the past 44 years this indicator reached a maximum value of $232,330,000 in 2019 and a minimum value of $114,564 in 1994.

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. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1976 $6,400,000
1977 $14,760,000
1978 $20,880,000
1979 $24,120,000
1980 $9,120,000
1981 $2,080,000
1982 $6,800,000
1983 $6,800,000
1984 $7,280,000
1985 $3,440,000
1986 $556,454
1987 $520,000
1988 $3,700,000
1989 $4,040,000
1990 $2,803,602
1991 $2,382,537
1992 $358,816
1993 $229,819
1994 $114,564
1995 $799,715
1996 $1,484,866
1997 $913,764
1998 $342,661
1999 $7,000,000
2000 $19,200,000
2001 $25,700,000
2002 $21,600,000
2003 $24,300,000
2004 $32,300,000
2005 $24,000,000
2006 $27,980,000
2007 $27,530,000
2008 $18,500,000
2009 $20,033,000
2010 $22,092,950
2011 $27,192,390
2012 $26,897,280
2013 $27,678,170
2014 $51,051,730
2015 $74,340,140
2016 $164,990,200
2017 $187,453,500
2018 $189,760,900
2019 $232,330,000
2020 $185,782,300

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in El Salvador was $5,936,158,000 as of 2020. As the graph below shows, over the past 44 years this indicator reached a maximum value of $5,936,158,000 in 2020 and a minimum value of $10,600,000 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. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1976 $10,600,000
1977 $54,000,000
1978 $67,840,000
1979 $100,000,000
1980 $49,040,000
1981 $72,480,000
1982 $112,200,000
1983 $115,440,000
1984 $159,120,000
1985 $157,160,000
1986 $157,291,100
1987 $186,640,000
1988 $210,740,000
1989 $237,820,000
1990 $366,278,900
1991 $475,234,900
1992 $694,308,800
1993 $795,747,600
1994 $971,731,300
1995 $1,063,900,000
1996 $1,083,838,000
1997 $1,199,486,000
1998 $1,338,321,000
1999 $1,386,000,000
2000 $1,764,200,000
2001 $1,924,300,000
2002 $1,952,600,000
2003 $2,121,300,000
2004 $2,563,000,000
2005 $3,028,600,000
2006 $3,482,700,000
2007 $3,709,050,000
2008 $3,754,750,000
2009 $3,402,340,000
2010 $3,471,837,000
2011 $3,643,949,000
2012 $3,914,049,000
2013 $3,966,479,000
2014 $4,160,378,000
2015 $4,274,621,000
2016 $4,561,580,000
2017 $4,996,354,000
2018 $5,391,739,000
2019 $5,661,160,000
2020 $5,936,158,000

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments