Personal remittances, received (% of GDP)

Indicator id: remittances_gdp_share · Unit: % · Coverage: 1975-2024

Personal transfers and compensation of employees received from non-resident households, expressed as a percentage of GDP.

Sources

• World Bank (preferred) -- dataset WDI, code BX.TRF.PWKR.DT.GD.ZS (https://data.worldbank.org)

Caveats

Verified live: Nepal was ~26.2% of GDP in 2023, ~22.9% in 2022 -- among the highest in the world, driven by labour migration to the Gulf states, Malaysia and India.

Taxonomy

SDG: SDG 10.c -- Reduce transaction costs of migrant remittances to less than 3 percent
Topic: Economy & Growth
Themes: economy

Also known as

"remittances", "remittances as share of GDP", "money sent home", "how important are remittances"

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