Switzerland - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Switzerland was 0.391 as of 2020. Its highest value over the past 40 years was 0.496 in 1980, while its lowest value was 0.328 in 2014.

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
1980 0.496
1981 0.394
1982 0.458
1983 0.480
1984 0.453
1985 0.449
1986 0.409
1987 0.391
1988 0.383
1989 0.363
1990 0.347
1991 0.367
1992 0.373
1993 0.386
1994 0.402
1995 0.417
1996 0.408
1997 0.409
1998 0.404
1999 0.409
2000 0.356
2001 0.409
2002 0.395
2003 0.422
2004 0.418
2005 0.409
2006 0.405
2007 0.364
2008 0.388
2009 0.419
2010 0.413
2011 0.362
2012 0.350
2013 0.342
2014 0.328
2015 0.358
2016 0.363
2017 0.368
2018 0.347
2019 0.348
2020 0.391

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