Ireland - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Ireland was $612,258,400 as of 2020. As the graph below shows, over the past 36 years this indicator reached a maximum value of $2,672,747,000 in 2008 and a minimum value of $61,831,900 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. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1984 $87,452,070
1985 $61,831,900
1986 $92,841,340
1987 $195,164,500
1988 $152,348,000
1989 $127,232,000
1990 $165,348,100
1991 $167,839,200
1992 $177,219,300
1993 $159,769,500
1994 $161,722,700
1995 $173,176,400
1996 $179,248,400
1997 $169,957,200
1998 $166,191,500
1999 $120,483,400
2000 $180,892,600
2001 $273,767,800
2002 $587,765,600
2003 $787,950,400
2004 $997,123,800
2005 $1,440,042,000
2006 $1,853,313,000
2007 $2,519,897,000
2008 $2,672,747,000
2009 $2,550,787,000
2010 $2,266,001,000
2011 $2,194,957,000
2012 $954,420,600
2013 $909,845,100
2014 $934,065,700
2015 $703,547,600
2016 $694,032,300
2017 $1,613,258,000
2018 $725,122,900
2019 $754,350,300
2020 $612,258,400

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Ireland was $276,051,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of $756,001,200 in 2011 and a minimum value of $243,999,300 in 2001.

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. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1990 $285,673,600
1991 $277,613,400
1992 $322,315,100
1993 $297,324,700
1994 $323,624,600
1995 $346,958,800
1996 $362,407,000
1997 $314,160,600
1998 $273,664,900
1999 $295,185,000
2000 $251,908,600
2001 $243,999,300
2002 $316,105,800
2003 $337,132,700
2004 $413,908,000
2005 $512,338,200
2006 $539,348,000
2007 $589,415,000
2008 $633,377,700
2009 $573,235,700
2010 $658,009,900
2011 $756,001,200
2012 $694,996,400
2013 $722,434,600
2014 $725,770,000
2015 $603,613,500
2016 $575,484,800
2017 $596,677,100
2018 $623,629,100
2019 $586,686,100
2020 $276,051,000

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments