Lithuania - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Lithuania was $583,722,900 as of 2016. As the graph below shows, over the past 23 years this indicator reached a maximum value of $1,135,022,000 in 2012 and a minimum value of $90,194 in 1993.

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
1993 $90,194
1994 $593,129
1995 $967,500
1996 $33,075,000
1997 $58,107,500
1998 $63,300,000
1999 $46,635,000
2000 $38,125,000
2001 $29,425,000
2002 $31,277,060
2003 $41,935,040
2004 $280,137,300
2005 $259,029,000
2006 $425,805,600
2007 $566,930,600
2008 $652,164,900
2009 $679,268,100
2010 $552,454,700
2011 $1,025,585,000
2012 $1,135,022,000
2013 $851,906,400
2014 $904,577,600
2015 $588,850,400
2016 $583,722,900

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Lithuania was $1,279,672,000 as of 2016. As the graph below shows, over the past 23 years this indicator reached a maximum value of $2,112,631,000 in 2014 and a minimum value of $34,530 in 1993.

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
1993 $34,530
1994 $743,072
1995 $1,095,000
1996 $2,575,000
1997 $2,927,500
1998 $3,425,000
1999 $2,995,000
2000 $49,942,500
2001 $79,150,000
2002 $109,248,000
2003 $114,834,000
2004 $577,046,200
2005 $745,428,300
2006 $994,023,200
2007 $1,433,361,000
2008 $1,565,412,000
2009 $1,239,062,000
2010 $1,673,400,000
2011 $1,954,157,000
2012 $1,507,647,000
2013 $2,060,015,000
2014 $2,112,631,000
2015 $1,372,315,000
2016 $1,279,672,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Lithuania was 2.99 as of 2016. Its highest value over the past 21 years was 4.51 in 2010, while its lowest value was 0.01 in 1995.

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
1995 0.01
1996 0.03
1997 0.03
1998 0.03
1999 0.03
2000 0.43
2001 0.65
2002 0.77
2003 0.61
2004 2.55
2005 2.85
2006 3.29
2007 3.61
2008 3.27
2009 3.31
2010 4.51
2011 4.49
2012 3.52
2013 4.43
2014 4.35
2015 3.31
2016 2.99

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments