Papua New Guinea - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Papua New Guinea was 0.008 as of 2020. Its highest value over the past 44 years was 0.925 in 1976, while its lowest value was 0.008 in 2020.

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
1976 0.925
1977 0.531
1978 0.470
1979 0.398
1980 0.214
1981 0.190
1982 0.258
1983 0.168
1984 0.210
1985 0.231
1986 0.265
1987 0.427
1988 0.274
1989 0.204
1990 0.169
1991 0.555
1992 0.474
1993 0.411
1994 0.362
1995 0.338
1996 0.294
1997 0.283
1998 0.256
1999 0.226
2000 0.205
2001 0.192
2002 0.187
2003 0.196
2004 0.243
2005 0.141
2006 0.053
2007 0.080
2008 0.063
2009 0.041
2010 0.025
2011 0.068
2012 0.067
2013 0.067
2014 0.045
2015 0.018
2016 0.013
2017 0.019
2018 0.015
2019 0.012
2020 0.008

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