Nepal - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Nepal was 24.09 as of 2020. Its highest value over the past 27 years was 27.63 in 2015, while its lowest value was 0.98 in 1996.

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
1993 1.50
1994 1.23
1995 1.29
1996 0.98
1997 1.01
1998 1.39
1999 1.66
2000 2.03
2001 2.45
2002 11.21
2003 12.18
2004 11.31
2005 14.91
2006 16.07
2007 16.79
2008 21.74
2009 23.21
2010 21.65
2011 19.50
2012 22.08
2013 25.19
2014 25.91
2015 27.63
2016 26.96
2017 23.91
2018 25.03
2019 24.12
2020 24.09

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