Israel - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Israel was 0.280 as of 2020. Its highest value over the past 25 years was 0.324 in 2007, while its lowest value was 0.116 in 1998.

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
1995 0.177
1996 0.143
1997 0.174
1998 0.116
1999 0.149
2000 0.138
2001 0.150
2002 0.138
2003 0.135
2004 0.220
2005 0.264
2006 0.317
2007 0.324
2008 0.290
2009 0.244
2010 0.244
2011 0.227
2012 0.265
2013 0.260
2014 0.276
2015 0.284
2016 0.302
2017 0.279
2018 0.273
2019 0.240
2020 0.280

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