Central African Republic: Remittances, percent of GDP
* indicates monthly or quarterly data series
| Central African Republic |
Remittances as percent of GDP |
|---|---|
| Latest value | 0.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1977 - 2023 |
| Average | 0.02 |
| Min - Max | 0.00 - 0.39 |
| Source | The World Bank |
The latest value from 2023 is 0 percent, unchanged from 0 percent in 2022. In comparison, the world average is 5.13 percent, based on data from 174 countries. Historically, the average for the Central African Republic from 1977 to 2023 is 0.02 percent. The minimum value, 0 percent, was reached in 1980 while the maximum of 0.39 percent was recorded in 1977.
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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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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.53 | 2021 | percent |
| Trade openness | 43.48 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 14.44 | 2023 | percent |
| Exports, billion dollars | 0.37 | 2023 | billion U.S. dollars |
| Growth of exports | 18.42 | 2023 | percent |
| Imports, percent of GDP | 29.04 | 2023 | percent |
| Imports, billion dollars | 0.74 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.00 | 2002 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1992 | million dollars (current) |
| Current account, percent of GDP | -8.50 | 2023 | percent |
| Current account, in dollars | -0.02 | 1994 | billion U.S. dollars |
| Trade balance, percent of GDP | -14.60 | 2023 | percent |
| Trade balance, in dollars | -0.07 | 1994 | billion U.S. dollars |
| Reserves | 0.37 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.00 | 2023 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -4.68 | 1994 | million USD |
| External debt | 40.58 | 2022 | percent |
| Short-term external debt | 7.24 | 2023 | percent |
| Short-term debt to reserves | 27.34 | 2022 | percent |