North America - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in North America was 0.039 as of 2020. Its highest value over the past 43 years was 0.052 in 2009, 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 0.032
1996 0.031
1997 0.030
1998 0.030
1999 0.048
2000 0.045
2001 0.045
2002 0.045
2003 0.043
2004 0.042
2005 0.040
2006 0.048
2007 0.049
2008 0.049
2009 0.052
2010 0.050
2011 0.049
2012 0.049
2013 0.049
2014 0.048
2015 0.047
2016 0.045
2017 0.043
2018 0.043
2019 0.043
2020 0.039

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