OECD members - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in OECD members was $263,157,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $274,320,000,000 in 2019 and a minimum value of $1,076,717,000 in 1970.

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
1970 $1,076,717,000
1971 $3,470,876,000
1972 $4,155,302,000
1973 $5,496,853,000
1974 $6,018,659,000
1975 $9,198,292,000
1976 $9,472,323,000
1977 $11,864,130,000
1978 $14,842,580,000
1979 $16,841,220,000
1980 $18,799,750,000
1981 $20,668,230,000
1982 $21,188,280,000
1983 $20,806,780,000
1984 $20,447,690,000
1985 $20,533,050,000
1986 $27,055,050,000
1987 $33,218,750,000
1988 $36,258,160,000
1989 $38,666,010,000
1990 $46,945,530,000
1991 $50,517,060,000
1992 $56,881,220,000
1993 $57,315,410,000
1994 $59,062,540,000
1995 $69,947,130,000
1996 $73,441,390,000
1997 $72,795,530,000
1998 $74,972,060,000
1999 $88,798,550,000
2000 $88,329,670,000
2001 $95,453,050,000
2002 $101,679,000,000
2003 $112,678,000,000
2004 $126,919,000,000
2005 $136,289,000,000
2006 $150,604,000,000
2007 $174,244,000,000
2008 $205,747,000,000
2009 $191,971,000,000
2010 $193,319,000,000
2011 $211,056,000,000
2012 $206,906,000,000
2013 $219,702,000,000
2014 $229,010,000,000
2015 $219,242,000,000
2016 $228,280,000,000
2017 $246,170,000,000
2018 $266,469,000,000
2019 $274,320,000,000
2020 $263,157,000,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in OECD members was $183,261,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of $185,300,000,000 in 2019 and a minimum value of $1,666,121,000 in 1970.

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
1970 $1,666,121,000
1971 $2,154,648,000
1972 $2,658,484,000
1973 $2,855,501,000
1974 $4,083,939,000
1975 $8,197,777,000
1976 $8,367,764,000
1977 $11,449,330,000
1978 $14,290,380,000
1979 $18,132,550,000
1980 $22,292,870,000
1981 $21,617,690,000
1982 $20,791,880,000
1983 $19,290,560,000
1984 $19,196,530,000
1985 $19,216,470,000
1986 $25,424,940,000
1987 $31,875,520,000
1988 $35,749,700,000
1989 $39,105,640,000
1990 $45,515,330,000
1991 $46,729,380,000
1992 $49,964,270,000
1993 $48,071,610,000
1994 $49,767,780,000
1995 $52,263,240,000
1996 $52,925,430,000
1997 $57,778,200,000
1998 $60,877,050,000
1999 $59,555,680,000
2000 $60,067,730,000
2001 $63,052,640,000
2002 $67,999,710,000
2003 $83,278,180,000
2004 $96,064,490,000
2005 $104,340,000,000
2006 $116,986,000,000
2007 $133,151,000,000
2008 $147,433,000,000
2009 $136,775,000,000
2010 $138,271,000,000
2011 $151,624,000,000
2012 $149,804,000,000
2013 $159,662,000,000
2014 $166,291,000,000
2015 $158,185,000,000
2016 $160,049,000,000
2017 $169,008,000,000
2018 $180,427,000,000
2019 $185,300,000,000
2020 $183,261,000,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in OECD members was 0.350 as of 2020. Its highest value over the past 43 years was 0.350 in 2020, while its lowest value was 0.204 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
1977 0.221
1978 0.228
1979 0.248
1980 0.282
1981 0.267
1982 0.263
1983 0.235
1984 0.222
1985 0.250
1986 0.282
1987 0.288
1988 0.294
1989 0.302
1990 0.305
1991 0.244
1992 0.239
1993 0.225
1994 0.213
1995 0.204
1996 0.205
1997 0.228
1998 0.237
1999 0.221
2000 0.217
2001 0.230
2002 0.238
2003 0.261
2004 0.270
2005 0.277
2006 0.295
2007 0.307
2008 0.320
2009 0.317
2010 0.306
2011 0.312
2012 0.308
2013 0.324
2014 0.331
2015 0.333
2016 0.331
2017 0.334
2018 0.337
2019 0.343
2020 0.350

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments