Indicator 17.3.2 Volume of remittances (in United States dollars) as a proportion of total GDP

Goal 17: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

Target 17.3: Mobilize additional financial resources for developing countries from multiple sources

Indicator 17.3.2: Volume of remittances (in United States dollars) as a proportion of total GDP

Definition:

Personal remittances received as proportion of GDP is the inflow of personal remittances expressed as a percentage of Gross Domestic Product (GDP).

Concepts:

Personal remittances comprise of 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 non-resident households. Personal transfers thus include all current transfers between resident and non-resident 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 non-resident entities. Data are the sum of two items defined in the sixth edition of the International Monetary Fund’s Balance of Payments Manual: personal transfers and compensation of employees.

Data were readily available to report on this indicator as specified by the metadata. Please refer to the sources to access additional information on the metadata or source.