Cape Verde: Remittances, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Cape Verde: Remittances as percent of GDP

: For that indicator, The World Bank provides data for Cape Verde from 1980 to 2018. The average value for Cape Verde during that period was 14.9 percent with a minumum of 7.87 percent in 2010 and a maximum of 28.17 percent in 1980. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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.
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