Namibia - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Namibia was 0.603 as of 2020. Its highest value over the past 30 years was 0.856 in 2009, while its lowest value was 0.158 in 2008.

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
1990 0.482
1991 0.460
1992 0.458
1993 0.447
1994 0.406
1995 0.392
1996 0.339
1997 0.320
1998 0.290
1999 0.256
2000 0.234
2001 0.238
2002 0.226
2003 0.239
2004 0.221
2005 0.241
2006 0.205
2007 0.177
2008 0.158
2009 0.856
2010 0.605
2011 0.629
2012 0.614
2013 0.532
2014 0.649
2015 0.412
2016 0.620
2017 0.375
2018 0.392
2019 0.525
2020 0.603

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