Denmark - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Denmark was 0.418 as of 2020. Its highest value over the past 28 years was 0.491 in 1997, while its lowest value was 0.252 in 2005.

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.

Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.

See also:

Year Value
1992 0.304
1993 0.314
1994 0.281
1995 0.283
1996 0.366
1997 0.491
1998 0.433
1999 0.451
2000 0.406
2001 0.424
2002 0.439
2003 0.431
2004 0.428
2005 0.252
2006 0.262
2007 0.258
2008 0.298
2009 0.317
2010 0.287
2011 0.334
2012 0.361
2013 0.399
2014 0.420
2015 0.416
2016 0.398
2017 0.396
2018 0.397
2019 0.418
2020 0.418

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments