Andorra: Remittances, percent of GDP

* indicates monthly or quarterly data series

Remittances as percent of GDP

 Latest value 1.59
 Year 2021
 Measure percent
 Data availability 2019 - 2021
 Average 1.30
 Min - Max 0.67 - 1.64
 Source The World Bank
For that indicator, we provide data for Andorra from 2019 to 2021. The average value for Andorra during that period was 1.3 percent with a minimum of 0.67 percent in 2019 and a maximum of 1.64 percent in 2020. The latest value from 2021 is 1.59 percent. For comparison, the world average in 2021 based on 182 countries is 5.54 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Andorra - Remittances, percent of GDP - Recent values chart

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.

 Related indicators Latest value Reference Measure
 Terms of trade 92.89 2021 percent
 Portfolio investment inflows, equities -13.55 2021 million dollars (current)
 Current account, in dollars 0.47 2021 billion U.S. dollars
 Trade balance, in dollars 0.27 2021 billion U.S. dollars
 Remittances, percent of GDP 1.59 2021 percent
 Remittances 53.00 2021 million U.S. dollars
 Net errors and omissions -12.04 2021 million USD
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