Zambia - Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Zambia was 0.745 as of 2020. Its highest value over the past 17 years was 0.778 in 2004, while its lowest value was 0.184 in 2016.

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
2003 0.741
2004 0.778
2005 0.635
2006 0.452
2007 0.422
2008 0.381
2009 0.269
2010 0.215
2011 0.197
2012 0.286
2013 0.193
2014 0.215
2015 0.221
2016 0.184
2017 0.362
2018 0.407
2019 0.422
2020 0.745

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