Other small states - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Other small states was $14,624,590,000 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of $18,870,110,000 in 2018 and a minimum value of $3,193,260 in 1971.

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
1971 $3,193,260
1972 $4,193,129
1973 $4,609,586
1974 $3,372,404
1975 $271,283,800
1976 $340,581,700
1977 $398,830,700
1978 $579,211,300
1979 $512,835,800
1980 $535,978,000
1981 $513,738,300
1982 $532,680,700
1983 $509,391,600
1984 $542,512,900
1985 $936,618,800
1986 $960,031,000
1987 $882,801,600
1988 $905,825,300
1989 $952,278,300
1990 $712,544,800
1991 $731,231,600
1992 $752,073,000
1993 $832,692,200
1994 $840,289,000
1995 $1,009,076,000
1996 $950,308,200
1997 $1,056,665,000
1998 $1,116,333,000
1999 $1,241,645,000
2000 $1,411,142,000
2001 $1,729,805,000
2002 $1,438,563,000
2003 $1,868,476,000
2004 $2,462,037,000
2005 $2,560,311,000
2006 $2,891,048,000
2007 $3,331,481,000
2008 $5,363,890,000
2009 $5,415,196,000
2010 $5,292,503,000
2011 $15,870,130,000
2012 $15,783,410,000
2013 $16,508,190,000
2014 $17,528,930,000
2015 $17,447,400,000
2016 $17,392,300,000
2017 $18,750,420,000
2018 $18,870,110,000
2019 $16,285,410,000
2020 $14,624,590,000

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Other small states was $5,063,017,000 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of $5,063,017,000 in 2020 and a minimum value of $17,820,800 in 1972.

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
1971 $18,177,020
1972 $17,820,800
1973 $19,522,950
1974 $22,210,060
1975 $194,648,100
1976 $274,479,000
1977 $359,278,000
1978 $370,322,600
1979 $419,694,800
1980 $549,313,400
1981 $553,666,900
1982 $1,052,896,000
1983 $1,142,610,000
1984 $1,015,007,000
1985 $798,433,700
1986 $853,114,600
1987 $1,252,573,000
1988 $1,217,434,000
1989 $1,270,891,000
1990 $1,489,953,000
1991 $1,498,748,000
1992 $1,639,702,000
1993 $1,489,955,000
1994 $1,690,452,000
1995 $1,611,821,000
1996 $1,443,067,000
1997 $1,378,799,000
1998 $1,128,307,000
1999 $1,016,946,000
2000 $963,327,200
2001 $734,559,900
2002 $711,099,900
2003 $1,076,591,000
2004 $1,721,370,000
2005 $1,800,598,000
2006 $1,957,371,000
2007 $2,283,697,000
2008 $3,229,410,000
2009 $2,876,186,000
2010 $3,380,199,000
2011 $4,118,134,000
2012 $4,129,606,000
2013 $3,701,468,000
2014 $4,079,885,000
2015 $3,673,439,000
2016 $3,782,502,000
2017 $4,495,508,000
2018 $4,673,528,000
2019 $4,923,590,000
2020 $5,063,017,000

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Other small states was 1.54 as of 2020. Its highest value over the past 26 years was 4.54 in 1994, while its lowest value was 0.97 in 2013.

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
1994 4.54
1995 3.33
1996 2.89
1997 2.77
1998 2.23
2005 1.15
2006 1.06
2007 1.00
2008 1.15
2009 1.19
2010 1.20
2011 1.18
2012 1.14
2013 0.97
2014 1.04
2015 1.13
2016 1.18
2017 1.29
2018 1.20
2019 1.30
2020 1.54

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments