United States - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in United States was 0.031 as of 2020. Its highest value over the past 43 years was 0.044 in 1999, while its lowest value was 0.002 in 1985.

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
1977 0.010
1978 0.009
1979 0.009
1980 0.003
1981 0.002
1982 0.002
1983 0.002
1984 0.002
1985 0.002
1986 0.020
1987 0.020
1988 0.019
1989 0.018
1990 0.020
1991 0.021
1992 0.028
1993 0.027
1994 0.027
1995 0.029
1996 0.027
1997 0.026
1998 0.027
1999 0.044
2000 0.043
2001 0.043
2002 0.042
2003 0.041
2004 0.039
2005 0.037
2006 0.037
2007 0.036
2008 0.036
2009 0.040
2010 0.040
2011 0.039
2012 0.039
2013 0.039
2014 0.037
2015 0.036
2016 0.034
2017 0.032
2018 0.034
2019 0.033
2020 0.031

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