Liberia - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Liberia was $299,292,100 as of 2015. As the graph below shows, over the past 36 years this indicator reached a maximum value of $471,100,000 in 2012 and a minimum value of $176,171 in 2004.

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
1979 $34,999,990
1980 $31,999,990
1981 $32,999,990
1982 $74,999,980
1983 $126,000,000
1984 $120,900,000
1985 $102,400,000
1986 $136,200,000
1987 $125,900,000
2004 $176,171
2005 $193,789
2006 $213,167
2007 $255,220
2008 $480,663
2009 $1,008,166
2010 $1,141,631
2011 $779,400
2012 $471,100,000
2013 $435,107,500
2014 $309,831,600
2015 $299,292,100

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Liberia was $548,783,600 as of 2016. As the graph below shows, over the past 12 years this indicator reached a maximum value of $640,780,000 in 2015 and a minimum value of $25,116,900 in 2009.

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
2004 $58,446,880
2005 $31,854,960
2006 $78,814,940
2007 $61,977,180
2008 $58,122,230
2009 $25,116,900
2010 $31,442,780
2011 $359,993,900
2012 $515,790,000
2013 $383,412,500
2014 $505,665,100
2015 $640,780,000
2016 $548,783,600

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Liberia was 26.12 as of 2016. Its highest value over the past 12 years was 31.50 in 2015, while its lowest value was 2.17 in 2009.

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
2004 12.31
2005 5.79
2006 13.05
2007 8.39
2008 6.84
2009 2.17
2010 2.43
2011 23.29
2012 29.72
2013 19.70
2014 25.12
2015 31.50
2016 26.12

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments