Austria - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Austria was 0.693 as of 2020. Its highest value over the past 50 years was 0.952 in 2003, while its lowest value was 0.108 in 1970.

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
1970 0.108
1971 0.139
1972 0.164
1973 0.178
1974 0.230
1975 0.218
1976 0.245
1977 0.231
1978 0.248
1979 0.268
1980 0.298
1981 0.315
1982 0.310
1983 0.297
1984 0.291
1985 0.290
1986 0.306
1987 0.322
1988 0.337
1989 0.353
1990 0.381
1991 0.444
1992 0.418
1993 0.404
1994 0.415
1995 0.420
1996 0.415
1997 0.430
1998 0.649
1999 0.833
2000 0.915
2001 0.898
2002 0.926
2003 0.952
2004 0.836
2005 0.732
2006 0.749
2007 0.749
2008 0.738
2009 0.772
2010 0.761
2011 0.753
2012 0.740
2013 0.758
2014 0.732
2015 0.750
2016 0.729
2017 0.709
2018 0.664
2019 0.667
2020 0.693

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