High income - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in High income was 0.272 as of 2020. Its highest value over the past 43 years was 0.286 in 2014, while its lowest value was 0.177 in 1996.

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 0.205
1978 0.216
1979 0.230
1980 0.252
1981 0.230
1982 0.229
1983 0.206
1984 0.189
1985 0.215
1986 0.247
1987 0.253
1988 0.263
1989 0.261
1990 0.268
1991 0.215
1992 0.209
1993 0.197
1994 0.186
1995 0.178
1996 0.177
1997 0.195
1998 0.197
1999 0.183
2000 0.178
2001 0.186
2002 0.196
2003 0.209
2004 0.217
2005 0.216
2006 0.228
2007 0.245
2008 0.265
2009 0.269
2010 0.261
2011 0.269
2012 0.264
2013 0.282
2014 0.286
2015 0.282
2016 0.276
2017 0.275
2018 0.272
2019 0.274
2020 0.272

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