Macao: Remittances

* indicates monthly or quarterly data series
 Macao

Remittances, million USD

 Latest value 90.00
 Year 2023
 Measure million U.S. dollars
 Data availability 2002 - 2023
 Average 52.28
 Min - Max 27.59 - 90.00
 Source The World Bank
The latest value from 2023 is 90 million U.S. dollars, an increase from 83.37 million U.S. dollars in 2022. In comparison, the world average is 4590.03 million U.S. dollars, based on data from 184 countries. Historically, the average for Macao from 2002 to 2023 is 52.28 million U.S. dollars. The minimum value, 27.59 million U.S. dollars, was reached in 2016 while the maximum of 90 million U.S. dollars was recorded in 2023. 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 data
Macao - Remittances - Recent values chart

Historical series
Macao - Remittances - historical chart - 2002-2023




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.

Selected articles from our guide:

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 Related indicators Latest Reference Measure
 Terms of trade 92.16 2021 percent
 Trade openness 142.00 2023 percent
 Exports, percent of GDP 92.68 2023 percent
 Exports, billion dollars 43.62 2023 billion U.S. dollars
 Growth of exports 92.86 2023 percent
 Imports, percent of GDP 49.32 2023 percent
 Imports, billion dollars 23.21 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.94 2023 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 36.03 2023 percent
 Current account, in dollars 2.78 2022 billion U.S. dollars
 Trade balance, percent of GDP 43.36 2023 percent
 Trade balance, in dollars -0.81 2022 billion U.S. dollars
 Reserves 27.77 2023 billion U.S. dollars
 Remittances, percent of GDP 0.19 2023 percent
 Remittances 90.00 2023 million U.S. dollars
 Net errors and omissions -4,545.98 2022 million USD
 Foreign exchange reserves 230.58 9/2024 billion
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