Macao: Remittances

* indicates monthly or quarterly data series

Remittances, million USD

 Latest value 16.97
 Year 2022
 Measure million U.S. dollars
 Data availability 2002 - 2022
 Average 47.32
 Min - Max 16.97 - 73.90
 Source The World Bank
For that indicator, we provide data for Macao from 2002 to 2022. The average value for Macao during that period was 47.32 million U.S. dollars with a minimum of 16.97 million U.S. dollars in 2022 and a maximum of 73.9 million U.S. dollars in 2021. The latest value from 2022 is 16.97 million U.S. dollars. For comparison, the world average in 2022 based on 181 countries is 4215.66 million U.S. dollars. 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
Macao - Remittances - Recent values chart

Historical chart
Macao - Remittances - historical chart - 2002-2022

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
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. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 92.16 2021 percent
 Trade openness 176.67 2022 percent
 Exports, percent of GDP 87.28 2022 percent
 Exports, billion dollars 43.62 2023 billion U.S. dollars
 Growth of exports -25.29 2022 percent
 Imports, percent of GDP 90.65 2022 percent
 Imports, billion dollars 23.21 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 12.20 2022 percent
 Foreign Direct Investment, billion dollars 2.93 2022 billion U.S. dollars
 Portfolio investment inflows, equities -1.92 2022 million dollars (current)
 Current account, percent of GDP 5.84 2021 percent
 Current account, in dollars 2.78 2022 billion U.S. dollars
 Trade balance, percent of GDP -3.37 2022 percent
 Trade balance, in dollars -0.81 2022 billion U.S. dollars
 Reserves 25.97 2022 billion U.S. dollars
 Remittances, percent of GDP 0.07 2022 percent
 Remittances 16.97 2022 million U.S. dollars
 Net errors and omissions -4,545.98 2022 million USD
 Foreign exchange reserves 220.12 9/2023 billion
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