Personal remittances, received (current US$) - Country Ranking

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 India 78,790,170,000.00 2018
2 Mexico 35,561,610,000.00 2018
3 Philippines 33,808,970,000.00 2018
4 France 27,011,080,000.00 2018
5 Egypt 25,515,700,000.00 2018
6 Nigeria 24,311,030,000.00 2018
7 China 24,305,600,000.00 2018
8 Pakistan 21,194,000,000.00 2018
9 Germany 18,034,550,000.00 2018
10 Vietnam 15,933,970,000.00 2018
11 Bangladesh 15,562,380,000.00 2018
12 Ukraine 14,694,000,000.00 2018
13 Belgium 11,505,420,000.00 2018
14 Indonesia 11,211,910,000.00 2018
15 Guatemala 9,490,600,000.00 2018
16 Italy 9,443,096,000.00 2018
17 Russia 8,610,210,000.00 2018
18 Nepal 8,064,348,000.00 2018
19 Thailand 7,463,330,000.00 2018
20 Lebanon 7,204,306,000.00 2018
21 Sri Lanka 7,043,040,000.00 2018
22 Poland 7,043,000,000.00 2018
23 Morocco 6,918,197,000.00 2018
24 Dominican Republic 6,814,200,000.00 2018
25 Korea 6,722,700,000.00 2018
26 United States 6,668,000,000.00 2018
27 Colombia 6,367,490,000.00 2018
28 El Salvador 5,388,142,000.00 2018
29 Hungary 4,860,153,000.00 2018
30 Romania 4,856,430,000.00 2018
31 Honduras 4,776,546,000.00 2018
32 United Kingdom 4,499,183,000.00 2018
33 Jordan 4,470,141,000.00 2018
34 Japan 4,365,521,000.00 2018
35 Serbia 4,323,833,000.00 2018
36 Czech Republic 3,913,328,000.00 2018
37 Ghana 3,802,876,000.00 2018
38 Spain 3,355,337,000.00 2018
39 Yemen 3,350,500,000.00 2018
40 Peru 3,224,754,000.00 2018
41 Austria 3,208,718,000.00 2018
42 Sweden 3,145,714,000.00 2018
43 Haiti 3,142,260,000.00 2018
44 Ecuador 3,039,078,000.00 2018
45 Brazil 2,933,489,000.00 2018
46 Croatia 2,884,257,000.00 2018
47 Myanmar 2,840,460,000.00 2018
48 Kenya 2,719,686,000.00 2018
49 Kyrgyz Republic 2,688,570,000.00 2018
50 Jamaica 2,501,615,000.00 2018
51 Netherlands 2,492,146,000.00 2018
52 Uzbekistan 2,479,000,000.00 2016
53 Switzerland 2,473,054,000.00 2018
54 Bulgaria 2,395,410,000.00 2018
55 Senegal 2,212,627,000.00 2018
56 Tajikistan 2,183,341,000.00 2018
57 Bosnia and Herzegovina 2,117,958,000.00 2018
58 Slovak Republic 2,114,191,000.00 2018
59 Georgia 2,034,289,000.00 2018
60 Luxembourg 1,990,579,000.00 2018
61 Algeria 1,932,941,000.00 2018
62 Tunisia 1,902,287,000.00 2018
63 Australia 1,867,944,000.00 2018
64 Zimbabwe 1,856,035,000.00 2018
65 Moldova 1,837,430,000.00 2018
66 Dem. Rep. Congo 1,822,706,000.00 2018
67 Malaysia 1,685,623,000.00 2018
68 Syrian Arab Republic 1,622,539,000.00 2018
69 Nicaragua 1,504,800,000.00 2018
70 Armenia 1,488,017,000.00 2018
71 Albania 1,458,210,000.00 2018
72 Cambodia 1,433,191,000.00 2018
73 Bolivia 1,391,583,000.00 2018
74 Iran 1,388,527,000.00 2018
75 Lithuania 1,387,030,000.00 2018
76 Canada 1,359,565,000.00 2018
77 Denmark 1,358,313,000.00 2018
78 Uganda 1,230,415,000.00 2018
79 Latvia 1,228,270,000.00 2018
80 Azerbaijan 1,225,790,000.00 2018
81 Belarus 1,200,400,000.00 2018
82 Turkey 1,122,000,000.00 2018
83 Israel 939,600,000.00 2018
84 South Africa 928,537,200.00 2018
85 Finland 923,710,800.00 2018
86 Mali 884,548,600.00 2018
87 Iraq 741,700,000.00 2018
88 Paraguay 682,870,000.00 2018
89 Norway 647,052,800.00 2018
90 New Caledonia 639,520,100.00 2018
91 Ireland 623,629,100.00 2018
92 Kazakhstan 618,039,400.00 2018
93 Slovenia 608,128,500.00 2018
94 Montenegro 588,927,200.00 2018
95 Estonia 566,507,600.00 2018
96 Panama 537,800,000.00 2018
97 Costa Rica 533,509,700.00 2018
98 Argentina 507,477,500.00 2018
99 Greece 489,699,600.00 2018
100 Qatar 467,033,000.00 2018
101 Portugal 461,282,800.00 2018
102 New Zealand 452,514,300.00 2018
103 Togo 452,409,400.00 2018
104 Cyprus 447,910,000.00 2018
105 Mongolia 440,554,100.00 2018
106 Burkina Faso 437,431,700.00 2018
107 Lesotho 430,452,700.00 2018
108 Tanzania 429,621,200.00 2018
109 Madagascar 425,502,200.00 2018
110 Sudan 425,214,300.00 2018
111 Hong Kong SAR, China 424,701,200.00 2018
112 Ethiopia 412,184,000.00 2018
113 Liberia 387,336,800.00 2018
114 Afghanistan 384,498,600.00 2018
115 Benin 367,541,900.00 2018
116 Côte d'Ivoire 362,734,800.00 2018
117 Cameroon 345,412,600.00 2018
118 North Macedonia 344,347,500.00 2018
119 Saudi Arabia 334,914,700.00 2018
120 Venezuela 297,082,500.00 2018
121 Mozambique 296,070,200.00 2018
122 Guyana 285,501,600.00 2018
123 Fiji 284,669,600.00 2018
124 Niger 282,089,700.00 2018
125 Malta 271,798,100.00 2018
126 Rwanda 260,527,800.00 2018
127 The Gambia 244,937,000.00 2018
128 Mauritius 244,699,300.00 2018
129 Cabo Verde 242,018,500.00 2018
130 Lao PDR 238,674,100.00 2018
131 Tonga 183,293,200.00 2018
132 Iceland 168,933,800.00 2018
133 Eswatini 155,583,600.00 2018
134 Comoros 142,584,500.00 2018
135 Samoa 141,547,900.00 2018
136 Trinidad and Tobago 138,708,300.00 2018
137 Barbados 114,570,700.00 2018
138 Zambia 106,965,600.00 2018
139 Uruguay 104,269,000.00 2018
140 Belize 92,512,740.00 2018
141 Timor-Leste 88,488,900.00 2018
142 Mauritania 77,170,260.00 2017
143 Chile 66,095,540.00 2018
144 Djibouti 63,368,680.00 2018
145 Bhutan 58,148,520.00 2018
146 Namibia 53,670,690.00 2018
147 Sierra Leone 51,180,500.00 2018
148 Grenada 48,354,550.00 2018
149 Dominica 46,447,810.00 2018
150 Malawi 44,642,280.00 2018
151 St. Vincent and the Grenadines 41,668,390.00 2018
152 Oman 39,011,700.00 2018
153 Burundi 36,017,330.00 2018
154 Antigua and Barbuda 35,025,350.00 2018
155 St. Lucia 32,134,660.00 2018
156 Botswana 31,587,060.00 2018
157 Guinea 28,430,000.00 2018
158 Kuwait 27,716,390.00 2018
159 Macao SAR, China 27,046,060.00 2018
160 Guinea-Bissau 26,522,690.00 2018
161 St. Kitts and Nevis 22,766,810.00 2018
162 Seychelles 22,713,690.00 2018
163 Somalia 21,700,490.00 1983
164 Vanuatu 19,415,530.00 2018
165 Solomon Islands 19,331,180.00 2018
166 Gabon 18,458,040.00 2015
167 Kiribati 18,220,890.00 2018
168 São Tomé and Principe 17,776,130.00 2018
169 Libya 16,000,000.00 2006
170 Congo 7,704,784.00 2016
171 Papua New Guinea 4,367,065.00 2018
172 Tuvalu 4,043,830.00 2018
173 Eritrea 3,284,751.00 2000
174 Palau 2,444,453.00 2018
175 Turkmenistan 1,601,946.00 2018
176 Angola 1,579,247.00 2018
177 Chad 724,057.30 1994
178 Suriname 519,054.10 2018
179 Equatorial Guinea 164,206.00 1996
180 Central African Republic 158,919.30 1993

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Development Relevance: Movement of people, most often through migration, is a significant part of global integration. Migrants contribute to the economies of both their host country and their country of origin. Yet reliable statistics on migration are difficult to collect and are often incomplete, making international comparisons a challenge. In most developed countries, refugees are admitted for resettlement and are routinely included in population counts by censuses or population registers. Globally, the number of refugees at end 2010 was 10.55 million, including 597,300 people considered by the United Nations High Commissioner for Refugees (UNHCR) to be in a refugee-like situation; developing countries hosted 8.5 million refugees, or 80 percent of the global refugee population. Global migration patterns have become increasingly complex in modern times, involving not just refugees, but also millions of economic migrants. But refugees and migrants, even if they often travel in the same way, are fundamentally different, and for that reason are treated very differently under modern international law. Migrants, especially economic migrants, choose to move in order to improve the future prospects of themselves and their families. Refugees have to move if they are to save their lives or preserve their freedom. They have no protection from their own state - indeed it is often their own government that is threatening to persecute them. If other countries do not let them in, and do not help them once they are in, then they may be condemning them to death - or to an intolerable life in the shadows, without sustenance and without rights.

Limitations and Exceptions: Remittance transactions have grown in importance over the past decade. In a number of developing economies, receipts of remittances have become an important and stable source of funds that exceeds receipts from exports of goods and services or from financial inflows on foreign direct investment. But the quality of statistical remittance data is not high. Remittances are a challenge to measure because of their nature. They are heterogeneous with numerous small transactions conducted by individuals through a wide variety of channels: formal channels, such as electronic wire, or through informal channels, such as cash or goods carried across borders. The large number of remittance transactions and the multitude of channels pose challenges to the compilation of comprehensive statistics. The small size of individual transactions means that they often go undetected by typical data source systems, although the aggregate level of transactions may be substantial. Because of difficulties in obtaining data on informal remittance transactions, the remittance transactions undertaken through informal channels are sometimes not well covered in current balance of payments data. As a result, even though direct measurement of remittances - through transactions reporting or surveys - may be considered preferable if feasible, some countries instead combine different sources and estimation methods to achieve better coverage, by using direct measurements where practical and supplemented estimates where they are not. Model-based approaches are used in some countries as they are flexible. Compilers can design models to fill gaps in data sources or to provide global totals. However, only reliable input data can lead to sound estimates, regardless of the sophistication of an estimation method or econometric model. Indirect data are converted to remittance estimates using a set of assumptions. These assumptions should be plausible, but it is often not possible to test or verify these assumptions and also the results in practice.

Statistical Concept and Methodology: The two main components of personal remittances, "personal transfers" and "compensation of employees", are items in the balance of payments (BPM6) framework. Both of these standard components are recorded in the current account. "Personal transfers", a new item in the Balance of Payments (BPM6) represents a broader definition of worker remittances. Personal transfers include all current transfers in cash or in kind between resident and nonresident individuals, independent of the source of income of the sender (irrespective of whether the sender receives income from labor, entrepreneurial or property income, social benefits, and any other types of transfers; or disposes assets) and the relationship between the households (irrespective of whether they are related or unrelated 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. Compensation of employees represents remuneration in return for the labor input to the production process contributed by an individual in an employer-employee relationship with the enterprise. Compensation of employees is recorded gross and includes amounts paid by the employee as taxes or for other purposes in the economy where the work is performed. Compensation of employees has three main components: wages and salaries in cash, wages and salaries in kind, and employers' social contributions.

Aggregation method: Sum

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).