Hong Kong SAR, China - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Hong Kong SAR, China was 0.123 as of 2020. Its highest value over the past 22 years was 0.163 in 2005, while its lowest value was 0.072 in 2002.

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
1998 0.091
1999 0.079
2000 0.079
2001 0.090
2002 0.072
2003 0.074
2004 0.142
2005 0.163
2006 0.152
2007 0.150
2008 0.162
2009 0.162
2010 0.149
2011 0.141
2012 0.140
2013 0.131
2014 0.128
2015 0.125
2016 0.125
2017 0.128
2018 0.117
2019 0.124
2020 0.123

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