Guatemala - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Guatemala was 14.70 as of 2020. Its highest value over the past 43 years was 14.70 in 2020, while its lowest value was 0.00 in 1987.

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
1977 0.26
1978 0.36
1979 0.34
1980 0.33
1981 0.28
1982 0.12
1983 0.04
1984 0.04
1985 0.01
1986 0.01
1987 0.00
1988 0.58
1989 1.01
1990 1.55
1991 1.90
1992 2.21
1993 2.11
1994 2.19
1995 2.44
1996 2.39
1997 2.29
1998 2.35
1999 2.54
2000 3.09
2001 3.44
2002 7.83
2003 9.95
2004 11.14
2005 11.45
2006 12.44
2007 12.62
2008 11.49
2009 10.78
2010 10.39
2011 9.67
2012 10.01
2013 10.01
2014 9.94
2015 10.42
2016 11.15
2017 11.71
2018 12.89
2019 13.83
2020 14.70

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