Uruguay - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Uruguay was 0.207 as of 2020. Its highest value over the past 41 years was 0.513 in 2003, while its lowest value was 0.000 in 2001.

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
1979 0.058
2001 0.000
2002 0.265
2003 0.513
2004 0.511
2005 0.442
2006 0.454
2007 0.412
2008 0.355
2009 0.319
2010 0.310
2011 0.269
2012 0.179
2013 0.172
2014 0.171
2015 0.169
2016 0.158
2017 0.170
2018 0.177
2019 0.183
2020 0.207

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