World - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in World was 0.786 as of 2020. Its highest value over the past 43 years was 0.786 in 2020, while its lowest value was 0.308 in 1977.

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 0.308
1978 0.338
1979 0.363
1980 0.417
1981 0.389
1982 0.403
1983 0.395
1984 0.365
1985 0.388
1986 0.394
1987 0.398
1988 0.389
1989 0.393
1990 0.400
1991 0.335
1992 0.343
1993 0.339
1994 0.344
1995 0.317
1996 0.320
1997 0.366
1998 0.363
1999 0.364
2000 0.372
2001 0.406
2002 0.451
2003 0.494
2004 0.503
2005 0.536
2006 0.572
2007 0.605
2008 0.636
2009 0.645
2010 0.641
2011 0.647
2012 0.666
2013 0.689
2014 0.717
2015 0.754
2016 0.729
2017 0.739
2018 0.749
2019 0.764
2020 0.786

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