OECD members - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in OECD members was 0.350 as of 2020. Its highest value over the past 43 years was 0.350 in 2020, while its lowest value was 0.204 in 1995.

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 0.221
1978 0.228
1979 0.248
1980 0.282
1981 0.267
1982 0.263
1983 0.235
1984 0.222
1985 0.250
1986 0.282
1987 0.288
1988 0.294
1989 0.302
1990 0.305
1991 0.244
1992 0.239
1993 0.225
1994 0.213
1995 0.204
1996 0.205
1997 0.228
1998 0.237
1999 0.221
2000 0.217
2001 0.230
2002 0.238
2003 0.261
2004 0.270
2005 0.277
2006 0.295
2007 0.307
2008 0.320
2009 0.317
2010 0.306
2011 0.312
2012 0.308
2013 0.324
2014 0.331
2015 0.333
2016 0.331
2017 0.334
2018 0.337
2019 0.343
2020 0.350

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