Ireland - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Ireland was 0.065 as of 2020. Its highest value over the past 30 years was 0.579 in 1990, while its lowest value was 0.065 in 2020.

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 0.579
1991 0.558
1992 0.576
1993 0.567
1994 0.567
1995 0.502
1996 0.478
1997 0.379
1998 0.303
1999 0.298
2000 0.251
2001 0.223
2002 0.246
2003 0.205
2004 0.213
2005 0.242
2006 0.232
2007 0.218
2008 0.230
2009 0.242
2010 0.297
2011 0.316
2012 0.308
2013 0.303
2014 0.280
2015 0.207
2016 0.193
2017 0.178
2018 0.162
2019 0.147
2020 0.065

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