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Former Spanish colonies Compared by Economy > Balance of payments > Current account > Transfers > Workers' remittances and compensation of employees > Receiv

DEFINITION: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Data are in current U.S. dollars.".

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Mexico $21.91 billion 2009
2 Philippines $19.77 billion 2009
3 Colombia $4.18 billion 2009
4 Guatemala $4.03 billion 2009
5 El Salvador $3.48 billion 2009
6 Dominican Republic $3.47 billion 2009
7 Honduras $2.52 billion 2009
8 Ecuador $2.50 billion 2009
9 Peru $2.38 billion 2009
10 Bolivia $1.07 billion 2009
11 Nicaragua $768.40 million 2009
12 Argentina $658.25 million 2009
13 Paraguay $579.90 million 2009
14 Costa Rica $513.09 million 2009
15 Panama $175.40 million 2009
16 Venezuela $131.00 million 2009
17 Uruguay $100.76 million 2009
18 Chile $4.40 million 2009
19 Equatorial Guinea $164,206.00 1996

Citation

"Countries Compared by Economy > Balance of payments > Current account > Transfers > Workers' remittances and compensation of employees > Receiv. International Statistics at NationMaster.com", World Bank staff estimates based on IMF balance of payments data. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Former-Spanish-colonies/Economy/Balance-of-payments/Current-account/Transfers/Workers'-remittances-and-compensation-of-employees/Receiv

Former Spanish colonies Compared by Economy > Balance of payments > Current account > Transfers > Workers' remittances and compensation of employees > Receiv

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