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Honduras

Honduras Transfers Stats

Definitions

  • Current transfers > Receipts > BoP > Current US$: Current transfers (receipts) are recorded in the balance of payments whenever an economy receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Net current transfers > BoP > Current US$: Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Workers' remittances > Receipts > BoP > Current US$: Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars."
  • Workers' remittances and compensation of employees > Receiv: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Current transfers > Receipts > BoP > Current US$ $2.71 billion 2009 53th out of 141
Net current transfers > BoP > Current US$ $2.65 billion 2009 28th out of 142
Workers' remittances > Receipts > BoP > Current US$ $2.48 billion 2009 24th out of 119
Workers' remittances and compensation of employees > Receiv $2.52 billion 2009 39th out of 158

SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; World Bank staff estimates based on IMF balance of payments data.

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