Russia: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Russia

Remittances as percent of GDP

 Latest value 0.54
 Reference 2021
 Measure percent
 Source The World Bank

For that indicator, we provide data for Russia from 1994 to 2021. The average value for Russia during that period was 0.38 percent with a minimum of 0.03 percent in 1996 and a maximum of 1.15 percent in 1994. The latest value from 2021 is 0.54 percent. For comparison, the world average in 2021 based on 122 countries is 5.80 percent. 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


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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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