Former Spanish colonies Compared by Labor > Workers' remittances > Receipts > BoP > Current US$ > Per $ GDP
DEFINITION:
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 million $ gross domestic product.
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