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

Personal remittances, received (% of GDP) in Macao SAR, China was 0.075 as of 2020. Its highest value over the past 18 years was 0.632 in 2002, while its lowest value was 0.040 in 2019.

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
2002 0.632
2003 0.579
2004 0.501
2005 0.437
2006 0.373
2007 0.295
2008 0.245
2009 0.224
2010 0.166
2011 0.131
2012 0.109
2013 0.094
2014 0.067
2015 0.088
2016 0.061
2017 0.050
2018 0.041
2019 0.040
2020 0.075

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