United Kingdom - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in United Kingdom was 0.118 as of 2020. Its highest value over the past 33 years was 0.323 in 1999, while its lowest value was 0.084 in 1998.

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
1987 0.184
1988 0.179
1989 0.182
1990 0.192
1991 0.183
1992 0.172
1993 0.167
1994 0.173
1995 0.104
1996 0.100
1997 0.106
1998 0.084
1999 0.323
2000 0.305
2001 0.301
2002 0.293
2003 0.277
2004 0.245
2005 0.238
2006 0.225
2007 0.211
2008 0.204
2009 0.216
2010 0.199
2011 0.191
2012 0.182
2013 0.171
2014 0.160
2015 0.169
2016 0.168
2017 0.160
2018 0.151
2019 0.146
2020 0.118

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