For that indicator, we provide data for Mongolia from 1998 to 2019. The average value for Mongolia during that period was 3.4 percent with a minimum of 0.1 percent in 2000 and a maximum of 10.17 percent in 2004.
The latest value from 2019 is 4.05 percent. For comparison, the world average in 2019 based on 163
countries is 4.65 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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.