Remittances, percent of GDP in the European union
* indicates monthly or quarterly data series
Remittances as percent of GDP in the European union:
The average for 2019 based on 27 countries was 1.6 percent.The highest value was in Croatia: 6.64 percent and the lowest value was in Ireland: 0.15 percent. The indicator is available from 1970 to 2019. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series
6.64
3.42
3.35
3.26
2.88
2.82
2.39
2.28
1.99
1.76
1.75
1.73
1.54
1.13
1.09
0.99
0.68
0.60
0.52
0.43
0.38
0.32
0.30
0.26
0.23
0.23
0.15
0
1.7
3.3
5
6.64
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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