South Africa - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in South Africa was 0.242 as of 2020. Its highest value over the past 50 years was 0.261 in 2009, while its lowest value was 0.046 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
1970 0.084
1971 0.076
1972 0.079
1973 0.054
1974 0.072
1975 0.093
1976 0.079
1977 0.071
1978 0.093
1979 0.089
1980 0.081
1981 0.102
1982 0.103
1983 0.084
1984 0.084
1985 0.066
1986 0.053
1987 0.051
1988 0.052
1989 0.089
1990 0.117
1991 0.104
1992 0.089
1993 0.069
1994 0.064
1995 0.048
1996 0.046
1997 0.104
1998 0.169
1999 0.203
2000 0.214
2001 0.208
2002 0.208
2003 0.198
2004 0.183
2005 0.212
2006 0.228
2007 0.238
2008 0.248
2009 0.261
2010 0.256
2011 0.253
2012 0.250
2013 0.242
2014 0.240
2015 0.238
2016 0.233
2017 0.229
2018 0.229
2019 0.229
2020 0.242

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