In 2017, personal remittances, received for Lao People’s Democratic Republic was 252 million US dollars. Personal remittances, received of Lao People’s Democratic Republic increased from 600,000 US dollars in 1998 to 252 million US dollars in 2017 growing at an average annual rate of 56.63 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident 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 nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.