Tonga - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Tonga was 38.98 as of 2020. Its highest value over the past 45 years was 38.98 in 2020, while its lowest value was 12.22 in 1981.

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
1975 20.59
1976 17.89
1977 16.23
1978 14.57
1979 14.72
1980 13.31
1981 12.22
1982 13.08
1983 27.07
1984 20.96
1985 36.42
1986 30.60
1987 27.41
1988 15.58
1989 13.98
1990 21.10
1991 14.19
1992 15.57
1993 15.14
2001 29.16
2002 34.03
2003 28.97
2004 28.37
2005 26.34
2006 26.69
2007 27.40
2008 30.04
2009 26.23
2010 20.18
2011 20.35
2012 19.39
2013 27.22
2014 27.12
2015 29.58
2016 30.02
2017 34.45
2018 37.49
2019 37.16
2020 38.98

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